Mina Price Prediction – What Will be the Price of Mina in 2023

Welcome to Thinkloaded Mina Price Prediction. What do you predict will be Mina’s price in 2025? Let’s find out.

What is Mina Protocol?

 

Mina Protocol is a minimalist “succinct” blockchain that reduces computational requirements to make DApps run more efficiently. Mina is the world’s lightest and most popular blockchain. Its size was designed to be stable despite growing usage. It is also balanced in terms of security and decentralization. In October 2020, the project was rebranded as Coda Protocol to Mina.

For more information about the project, please visit our deep dive into Mina Protocol.

Mina’s network is only 22KB in size, which is tiny compared to Bitcoin’s 300 GB blockchain.

What is the main objective of Mina Protocol?

Mina is currently creating a distributed payment system that allows users to verify the platform natively from the genesis block. This is a “succinct” blockchain, according to the technical whitepaper.

This protocol uses Zero-Knowledge Success Non-Interactive Arguments of Knowledge (zkSNARKs), a cryptographic method that allows someone to authenticate information without revealing it.

However, in a large network, it can be difficult to allow a user to trace the platform back from its genesis block. Mina computes incrementally SNARKS by focusing only on the most recent blocks. This means that end-users can check that zk-SNARK-compressed proof instead of looking at the entire transaction history.

MINA, Mina protocol’s native currency, is at the core of Mina protocol. It functions as both a utility coin and a medium for exchange.

What is the Mina Protocol?

Mina is very similar to Bitcoin in that it processes transactions the same way as Bitcoin. However, Mina also uses the Ethereum account model.

This is the main difference between Bitcoin and Ethereum. The state of Bitcoin’s blockchain has a list of unspent coins. Ethereum’s state consists of account balances.

Mina uses a prover (or even snarker, depending on your preference) to ensure that each block is committed to the state.

Mina uses the Ouroboros Samasika PoS mechanism, a PoS system specifically designed for succinct and decentralized networks. It provides bootstrapping starting from a genesis block.

Two major functions are found in succinct blockchains: verify and update. The update function works with consensus and the chain summary, while verification touches on consensus, blocks, and blockchain summary.

The parallel scan state is used to maximize transaction processing speed. It works by grouping unproven blocks and assigning them to parallel provers.

Mina Price Prediction 2021

Month Average Price ($) Change (%)
May 2021 $6.39 USD 66.33 %
Jun 2021 $5.11 USD 33 %
Jul 2021 $5.57 USD 44.86 %
Aug 2021 $5.7 USD 48.36 %
Sep 2021 $5.88 USD 53.06 %
Oct 2021 $6.26 USD 62.91 %
Nov 2021 $5.77 USD 50.1 %
Dec 2021 $6.46 USD 68.13 %

Mina Price Prediction 2022

Month Average Price ($) Change (%)
Jan 2022 $5.82 USD 51.31 %
Feb 2022 $6.13 USD 59.4 %
Mar 2022 $5.98 USD 55.53 %
Apr 2022 $7.51 USD 95.33 %
May 2022 $6.91 USD 79.76 %
Jun 2022 $6.61 USD 72.02 %
Jul 2022 $6.94 USD 80.5 %
Aug 2022 $6.29 USD 63.59 %
Sep 2022 $7.36 USD 91.41 %
Oct 2022 $6.54 USD 70.08 %
Nov 2022 $6.44 USD 67.58 %
Dec 2022 $7.4 USD 92.55 %

Mina Price Prediction 2023

Month Average Price ($) Change (%)
Jan 2023 $7.71 USD 100.64 %
Feb 2023 $9.28 USD 141.32 %
Mar 2023 $7.71 USD 100.61 %
Apr 2023 $9.57 USD 148.98 %
May 2023 $8.5 USD 121.12 %
Jun 2023 $8.17 USD 112.58 %
Jul 2023 $8.7 USD 126.28 %
Aug 2023 $8.54 USD 122.29 %
Sep 2023 $7.76 USD 101.85 %
Oct 2023 $8.63 USD 124.59 %
Nov 2023 $8.77 USD 128.17 %
Dec 2023 $8.12 USD 111.25 %

Mina Price Prediction 2024

Month Average Price ($) Change (%)
Jan 2024 $10.89 USD 183.29 %
Feb 2024 $10.83 USD 181.81 %
Mar 2024 $9.46 USD 146.01 %
Apr 2024 $10.92 USD 184.1 %
May 2024 $9.12 USD 137.35 %
Jun 2024 $11.06 USD 187.63 %
Jul 2024 $10.08 USD 162.16 %
Aug 2024 $9.78 USD 154.35 %
Sep 2024 $9.95 USD 158.85 %
Oct 2024 $9.47 USD 146.27 %
Nov 2024 $9.94 USD 158.67 %
Dec 2024 $11.05 USD 187.47 %

Mina Price Prediction 2025

Month Average Price ($) Change (%)
Jan 2025 $10.72 USD 179 %
Feb 2025 $12.44 USD 223.61 %
Mar 2025 $12.88 USD 234.97 %
Apr 2025 $13.08 USD 240.32 %
May 2025 $12.51 USD 225.37 %
Jun 2025 $9.78 USD 154.52 %
Jul 2025 $12.72 USD 230.95 %
Aug 2025 $10.58 USD 175.2 %
Sep 2025 $12.68 USD 229.95 %
Oct 2025 $10.87 USD 182.77 %
Nov 2025 $11.48 USD 198.69 %
Dec 2025 $11.77 USD 206.27 %

Mina Price Prediction 2026

Month Average Price ($) Change (%)
Jan 2026 $14.59 USD 279.67 %
Feb 2026 $13.28 USD 245.44 %
Mar 2026 $12.61 USD 228.08 %
Apr 2026 $11.88 USD 209.11 %
May 2026 $14.09 USD 266.57 %
Jun 2026 $13.91 USD 261.81 %
Jul 2026 $14.22 USD 269.89 %
Aug 2026 $11.93 USD 210.49 %
Sep 2026 $13.42 USD 249.03 %
Oct 2026 $13.85 USD 260.37 %
Nov 2026 $14.91 USD 287.97 %
Dec 2026 $13.13 USD 241.64 %

Mina Price Prediction 2027

Month Average Price ($) Change (%)
Jan 2027 $15.44 USD 301.72 %
Feb 2027 $16.58 USD 331.41 %
Mar 2027 $14.11 USD 267.15 %
Apr 2027 $16.41 USD 327.02 %
May 2027 $16.23 USD 322.22 %
Jun 2027 $13.71 USD 256.78 %
Jul 2027 $16.44 USD 327.82 %
Aug 2027 $14.34 USD 273.14 %
Sep 2027 $14.04 USD 265.19 %
Oct 2027 $14.91 USD 287.79 %
Nov 2027 $14.37 USD 273.94 %
Dec 2027 $17.28 USD 349.64 %

Mina Price Prediction 2028

Month Average Price ($) Change (%)
Jan 2028 $16.42 USD 327.2 %
Feb 2028 $18.03 USD 369.14 %
Mar 2028 $17.17 USD 346.64 %
Apr 2028 $18.47 USD 380.56 %
May 2028 $16.18 USD 320.99 %
Jun 2028 $18.37 USD 377.96 %
Jul 2028 $19.16 USD 398.46 %
Aug 2028 $16.84 USD 338.06 %
Sep 2028 $15.52 USD 303.77 %
Oct 2028 $19.03 USD 395.22 %
Nov 2028 $16.98 USD 341.72 %
Dec 2028 $17.19 USD 347.31 %

* All predictions are based on historical data. We cannot be held responsible for any loss or profit.

Major Mina Protocol Participants

Mina is about revolutionizing the blockchain landscape. Currently, most platforms have verifiers like miners/stakers or light clients that act as third parties in verifying transactions.

Mina uses a different approach to the problem by having multiple participants handle a particular function in the decentralized network.

Verifiers, block producers, and snarkers are the three main roles.

  • Verifiers
  • Verifiers can interact with zk SNARKS, which deal with certifying consensus information. Verifiers are Mina protocol users who can handle 22 KB chains and can withstand very brief processing times.

Block Producers

Block producers can take stakers, miners, or traders and receive transaction fees payments and block rewards. The protocol does not reduce incentives for block producers. Mina users can delegate their coins this way.

Block producers must bundle transactions into blocks and SNARK the equivalent number of trades that were previously committed. Failure to do so would result in incomplete blocks or other nodes rejecting their validity.

Block producers must include 10 transactions in their chain. They also need to SNARK trades at the front of the queue. They have two options: they can either produce the SNARK themselves or use the SNARK generated by a group called snarkers.

Snarkers

Snarkers are also known as provers and produce zk-SNARKs that are used to verify transactions.

Block producers get snarky fees from the total transaction fees they earn for adding new blocks. To be eligible for the fees they must post bids.

Not only must a snarker’s zk-SNARK be used in a block, but the block producer responsible for incentivizing them is also important.

This creates a market economy in which multiple snarkers may post bids related to the same transaction. Block producers, however, are interested in the profits and will choose to pay the lowest fee bid.

Therefore, snarkers face the challenge of producing low-cost SNARKS.

What Transactions Take Place on Mina

After a user initiates a transaction, the trade is sent to the mempool. This pool contains valid but not confirmed transactions.

The next step is to make proofs or SNARKS. Next comes the selection of a block producer or BP to combine transactions into a block. A BP searches the mempool looking for profitable transactions.

The BP then chooses a SNARK based on the rules of the consensus mechanism.

A block producer will scan through all bids for the lowest-priced Snark. SNARKS orders that have been recently added are also updated.

Next, you will need to add the SNARKS to a block. Then, update the network by adding the block to your chain. To help maintain the protocol’s size, snarked transactions are removed.

The block producer then upgrades the protocol’s Zk-SNARKS.

Finally, the new block is now an immutable part of the chain.