MINA Crypto Soars Over 77% In One Week, Here’s Why
The MINA crypto has caught the investors’ eyes recently, as evidenced by the price surge of the crypto. The MINA crypto has surged over 100% after it was listed on South Korea’s Upbit exchange.
However, the surge didn’t last long, as the investors seem to have shifted their focus from the crypto. During writing the MINA price noted a slump, indicating a declining interest from the investors.
However, according to several experts, the listing of MINA crypto in KRW (Korean currency) will open doors for the purchase and sale of the coin, making it easier for Korean users. The news triggered a wave of buying activity and FOMO among Korean, as well as global traders, which majorly helped in the surge of MINA taking to monthly highs.
MINA Crypto Surges On Listing Announcement
Mina Protocol has enjoyed high levels of transaction volume. The major reason is considered to be the listing of the crypto into South Korea’s major crypto exchange, Upbit.
This has resulted in a high demand for SNARK workers. It then encouraged community members to spin up additional nodes to address the demand for SNARK work and aid network processing.
Meanwhile, the recent in most of the major cryptos have also seemed to have bolstered gains in the MINA price. Notably, Bitcoin soared to $35,000 for the first time since May 2022, due to speculations over spot Bitcoin ETF approval by the U.S. Securities and Exchange Commission.
The move has brought massive inflows in the crypto market and opened doors for investors and traders, globally.
Also Read: XRP Lawyer Backs Coinbase in SEC’s Investment Contract Dispute
Recent Price Of MINA:
Looking at the recent performance of the Mina crypto, it seems that the investors are turning their focus from the crypto. The MINA price was down 14.46% over the last 24 hours to $0.6556 during writing, while its volume rocketed 146.91% to $857.83 million.
However, over the past seven days, the crypto price witnessed a surge of nearly 78%, while soaring about 73% over the last 30 days. The weekly and monthly gains indicate how the crypto has gained traction from the market watchers.
Meanwhile, the MINA crypto has touched a high of $0.9298 in the last 24 hours, before declining to its recent price.
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