Projects listed: 276 |
BTC Dominance: 51.07% | Volume (24h): $32,747,147,825 | Market Cap: $2,174,010,036,161
Mina
MINA
$0.42
Sector
PoS
Exchange Debut
2021-03-21
Market Cap
479,842,874
Maxim Supply
∞
Circulating Supply
1,155,050,800
Circ. Supply(%)
∞
Mina
MINA
Price
$0.42
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
9506829
0.421019772373
0.407340403838
Change 24h
Change 7d
Change 30d
0.8299
-1.5336
-5.9791
Maxim supply
Circulating supply
Circulating supply(%)
∞
1,155,050,800
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Mina cryptocurrency:
Mina Protocol, one of the world’s lightest blockchains, achieves its unique stature by keeping a constant size of only 22KB, regardless of usage growth. This compact nature promotes efficient running of DApps, while ensuring security and decentralization. The fundamental analysis of the Mina cryptocurrency reveals a robust social media presence, sound security, an evolving token economy, steady ecosystem development, a strong team, product utility, and significant backing from partners and investors. Its overall score of 6.44 out of 10 is reflective of its current position in the market.
SOCIAL & MASS MEDIA: Score 7.36 out of 10
Mina’s ability to attract followers on social media platforms has been highly successful, garnering a perfect score. However, there is room for improvement in the activity of social media administrators, community activity, and media presence. Yet, the size of chat group communities has greatly contributed to this high score, indicating an engaged audience that could enhance Mina’s visibility and increase the adoption of this blockchain.
AUDIT & SECURITY: Score 5.98 out of 10
Mina’s transparency and liquidity on exchanges have greatly bolstered its standing in this category. However, the moderate audit results reveal that there is potential for refining its security measures. As the fundamental analysis of the Mina cryptocurrency continues, it will be essential to improve upon these aspects to enhance investor confidence.
TOKENOMICS: Score 4.55 out of 10
The inflationary nature of Mina and its centralization have received modest scores, implying the need for a more detailed strategy regarding its monetary policies. This score signifies the importance of a more balanced, dynamic token economy for the project’s success.
ECOSYSTEM DEVELOPMENT: Score 7 out of 10
The steady pace of achieving objectives and bringing new developments to the project have earned Mina a favorable score in this category. However, continuous innovation will be essential to maintain this trajectory and stimulate growth in this fundamental analysis of the Mina cryptocurrency.
TEAM & DEVELOPERS: Score 5.42 out of 10
The number of software developers working on Mina is impressive, contributing to its strength in this category. However, the perceived experience of the team could be enhanced to further solidify this area.
PRODUCT & UTILITY: Score 7.2 out of 10
The utility of both Mina’s product and its tokens within the ecosystem have received positive assessments. Such functionality is pivotal in determining the value and demand for the Mina cryptocurrency in the future.
PARTNERS & INVESTORS: Score 6.75 out of 10
Mina’s partners and investors are noteworthy, with both quality and quantity considered. Strengthening these relationships and attracting new partners could further elevate Mina’s standing in the crypto community.
Fundamental analysis of the Mina cryptocurrency – The final conclusion
The fundamental analysis of the Mina cryptocurrency suggests that while there are areas for growth and development, it stands as a unique player in the blockchain space. Mina’s revolutionary approach to keeping the blockchain size constant offers a valuable solution to scalability issues plaguing other cryptocurrencies. However, enhancements in audit results, team experience, and monetary mass centralization could solidify its position further.
From an investment standpoint, the Mina cryptocurrency presents an interesting opportunity. The strengths of the project, especially its innovative design, established social presence, and committed development team, bode well for its future prospects. However, investors should also consider the inherent risks, such as the need for improved audit results and the relatively low tokenomics score. Hence, while Mina has strong potential, a thorough personal risk assessment would be wise before investing.
As the landscape of blockchain technology continues to evolve, Mina’s ongoing developments will likely enhance its standing and competitiveness in the market. The continued fundamental analysis of the Mina cryptocurrency is recommended to keep abreast of its progress.
What is Mina?
Understanding the Mina Protocol
The Mina Protocol, formerly known as Coda Protocol, is a minimalistic, “succinct blockchain” designed for efficient DApp operations. Its primary feature is maintaining a constant blockchain size regardless of usage increases, earning it the title of the world’s lightest blockchain. At only 22KB, the Mina network is dramatically smaller than the Bitcoin’s 300GB blockchain.
Mina Protocol’s Objectives and Tools
The protocol’s main aim is to establish an efficient distributed payment system. It allows users to verify the platform back to the genesis block, termed a “succinct blockchain” in its technical whitepaper. To achieve this, Mina uses cryptographic proofs known as Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs), permitting authentication without revealing the actual information. However, due to the impracticality of tracing back to the genesis block in larger networks.
The Role of MINA in the Ecosystem
The fundamental analysis of the Mina cryptocurrency reveals MINA as its native currency, serving as a utility coin and a medium of exchange within the protocol. Mina Protocol’s unique approach to maintaining a succinct and lightweight blockchain allows for more efficient DApp operation, offering a balance between security and decentralization. The application of zk-SNARKs and the role of MINA coin further underline the protocol’s innovative strategy in blockchain technology.
- Latest analysis update: July 1, 2023
Mina - MINA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
