{"id":180164,"date":"2023-10-24T21:15:36","date_gmt":"2023-10-24T15:45:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180164"},"modified":"2023-10-24T21:15:36","modified_gmt":"2023-10-24T15:45:36","slug":"mina-token-surges-120-in-a-day-heres-the-possible-reason-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/mina-token-surges-120-in-a-day-heres-the-possible-reason-crypto-news\/","title":{"rendered":"MINA Token Surges 120% in a Day, Here&#8217;s The Possible Reason &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Mina Protocol\u2019s native token \u2013 MINA \u2013 is leading the altcoin rally amid a new-found resurgence that propelled a surge of nearly 120% over the past day. The crypto asset climbed to $0.91 on October 24th.<\/p>\n<p>The latest price action pushed MINA to levels last seen in March this year, but the token has lost some steam and currently sits below its local peak.<\/p>\n<figure id=\"attachment_282142\" aria-describedby=\"caption-attachment-282142\" style=\"width: 1793px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/10\/MinaUSD.png\" data-wpel-link=\"internal\"><\/a><figcaption id=\"caption-attachment-282142\" class=\"wp-caption-text\">MinaUSD. Source: TradingView<\/figcaption><\/figure>\n<ul>\n<li>The reason for the abrupt surge can be attributed to South Korea\u2019s largest exchange, UpBit, announcing that it will list MINA\u2019s Korean fiat currency trading pair.<\/li>\n<li>As per the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/upbit.com\/service_center\/notice?id=3797\" data-wpel-link=\"external\">announcement<\/a>, deposits made to UpBit must be made on the MINA network, and deposits from other blockchains, such as the Binance Smart Chain, cannot be supported.<\/li>\n<li>The crypto exchange also said that it plans to enforce various limitations on trading for MINA.<\/li>\n<li>Mina was initially known as Coda Protocol. It underwent a rebranding in August 2019 due to a legal dispute initiated by R3, an enterprise blockchain company that also utilized the name Coda for its protocol.<\/li>\n<li>In terms of funding, the company secured $3.5 million in May 2018 and an additional $15 million in April 2019.<\/li>\n<li>Prominent backers include Circle, Coinbase Ventures, FTX Ventures, the now-defunct hedge fund Three Arrows Capital (3AC), and Dragonfly Capital.<\/li>\n<li>The Mina blockchain is currently under the governance of the Mina Foundation, a nonprofit organization responsible for overseeing the network, drawing parallels to the Ethereum Foundation.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mina Protocol\u2019s native token \u2013 MINA \u2013 is leading the altcoin rally amid a new-found resurgence that propelled a surge of nearly 120% over the past day. The crypto asset climbed to $0.91 on October 24th. The latest price action pushed MINA to levels last seen in March this year, but the token has lost [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180164"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180164\/revisions"}],"predecessor-version":[{"id":180171,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180164\/revisions\/180171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180165"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}