Is It Too Late to Buy Mina Protocol? MINA Price Jumps 8% as New Mining Protocol Receives $7 Million in Funding

Is It Too Late to Buy Mina Protocol? MINA Price Jumps 8% as New Mining Protocol Receives $7 Million in Funding

January 1, 2024

By Trent Alan | @trent-alan

While the MINA price has been rallying since December 19, Bitcoin Minetrix presale has surpassed expectations, reaching $7.1 million in crypto presale round.

Mina Foundation‘s MINA has been performing well since December 19, which can be attributed to a series of fundamental developments that have bolstered investor confidence and highlighted the cryptocurrency’s potential for growth.

One of the key developments has been the appointment of Kurt Hemecker as the new CEO of the Mina Foundation, announced on the same date. Hemecker brings a wealth of experience as a business development specialist in the FinTech sector. His leadership is expected to drive major strategic growth for MINA, leveraging his expertise and insights in the field.

Simultaneously, the Mina Foundation disclosed its strategic move to Geneva, Switzerland. This relocation is not just a geographical shift but a tactical one, tapping into Switzerland’s favorable regulatory environment and its vibrant cryptocurrency community. This move is perceived as a vital step towards MINA’s further expansion and integration within the global crypto ecosystem.

Another factor contributing to MINA’s price increase is the launch of the Paima ZK layer. Developed through a collaboration between Paima Studios, Mina Foundation, ZekoLabs, and Class Lambda, the Paima ZK layer is expected to be a huge leap in blockchain gaming technology.

After a year-long development phase, the Paima ZK layer now enables the deployment of Zero-Knowledge (ZK) proofs across various Layer 1 (L1) ecosystems, accommodating both EVM and non-EVM codebases.