MINA’s Price Soars Over 88% in a Week Amid “Uptober”

AltCoins Alt Coins

MINA has been at the forefront of the recent altcoin rally, surging over 88% in the last week. As of the latest data, MINA is trading at $0.7002, marking a 13.93% increase in the past 24 hours.

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This significant price boost might be attributed to the announcement that Upbit Korea plans to list a Korean fiat currency trading pair for MINA.

MINA, a cryptocurrency, has been a standout performer in the recent altcoin market rally, with its price surging by more than 88% in the past week. This impressive performance earned MINA a spot on CoinMarketCap’s trending list, landing at 21st place.

MINA / Tether US 1D (Source: TradingView)

The positive trend for MINA continues, as it recorded a 13.93% price increase in the last 24 hours, reaching a value of $0.7002, with a high price of $0.9298.

Despite Bitcoin’s growing dominance in the market after breaking through the $34,000 level, MINA managed to strengthen its position against the leading cryptocurrency, with an 18% gain.

MINA’s 24-hour trading volume also saw a remarkable increase, surging by 1,143.65% over the past day to reach $1.9 billion.

The month of October, often referred to as “Uptober,” has been favorable for MINA, with the token showing an 84.76% increase in its monthly performance. This positive trend has propelled MINA’s market capitalization to $702.18 million, making it the 54th largest cryptocurrency by market cap, closely following USDD, which holds the 53rd position with a market cap of $725,621,160.

This resurgence in MINA’s price can be attributed to an announcement from Upbit Korea, the largest exchange in South Korea, regarding its plans to list MINA’s Korean fiat currency trading pair.

Upbit Korea’s announcement specified that users who wish to trade MINA must make deposits on the MINA network. The exchange will not accept deposits from other blockchains like the Binance Smart Chain. It’s important to note that Upbit Korea plans to impose specific trading restrictions for MINA.

Initially known as Coda Protocol, MINA rebranded itself in August 2019 due to a legal dispute initiated by R3, an enterprise blockchain company that was also using the name Coda for its protocol. Currently, the MINA blockchain is governed by the Mina Foundation, a non-profit organization responsible for overseeing the network.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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