The global cryptocurrency market battled to rise above $1.07 trillion early Monday, increasing by 1.42%, as the flagship crypto token, Bitcoin (BTC), maintained its position above $23,000, aiming for $24,000. However, Mina (MINA)—the token that powers the Mina Protocol—managed to lead the top gainers’ list, with a 30-percentage-point increase in 24 hours.
The two largest coins, Bitcoin (BTC) and Ethereum (ETH) stabilize around $23,000 and $1,600, respectively. Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), among other well-known top 10 altcoins, all also saw price increases.
Mina coin tops the highest gainers’ list.
According to data from CoinMarketCap, the price of MINA coin has increased by 32.24% to $0.86 on the last day, making it one of the top gainers to start the week.
Although the coin has been growing since the beginning of the year, its most recent weekly growth of over 46% is one of the highest this year.
The Mina Protocol is known as “the world’s lightest blockchain,” with a size of no more than 22 kB that is developer-friendly and efficient. There is an expectation among the community that the protocol’s bridging capability with Ethereum is progressing well and that a launch fairly soon this year may be in the cards.
Moreover, the protocol is developing a sector for zero-knowledge (ZK) proofs, which should fully launch in the upcoming months with the release of eagerly anticipated projects.
ZK has already established a reputation, as a technology, for the scalability and privacy of blockchains in the future.
Notably, Polygon (MATIC), which is building a similar product, has increased by over 11% in the last 7 days. The crypto community considers these anticipated innovations from Polygon and Mina Protocol the most progressive in the field and are highly anticipated.
On January 26, it announced the launch of a proof-of-concept to enable anyone to run a web node in a browser.
“In keeping with its objective to increase accessibility to the Mina Ecosystem, Mina’s joint work with Viable Systems puts the network on the path to be the first to enable anyone to run a Mina web node on a browser,” the privacy-focused blockchain network said in a statement.
Since its launch, the “lightest blockchain” has made deliberate efforts to expand its ecosystem, an attempt it is currently stepping up. While its revolutionary concept of creating the most robust small-scale blockchain protocol is complicated, it has yielded several outstanding applications that serve its community.
The blockchain network has also recently announced plans to strengthen its developer network through initiatives that look similar to hackathons and regular meet-ups, which have generated a lot of excitement and optimism.
⏰ Set your reminders for our upcoming Builders Hangout with @alysiatech and @uwu_miche: https://t.co/mvjq2pocCM pic.twitter.com/1HUIVnMg5i
— Mina Protocol 🪶 (@MinaProtocol) January 29, 2023