{"id":6619,"date":"2023-10-29T05:27:37","date_gmt":"2023-10-29T05:27:37","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/is-mina-protocol-going-to-zero-mina-price-crashes-7-as-this-other-coin-hits-new-milestone-how-to-buy\/"},"modified":"2023-10-29T05:27:38","modified_gmt":"2023-10-29T05:27:38","slug":"is-mina-protocol-going-to-zero-mina-price-crashes-7-as-this-other-coin-hits-new-milestone-how-to-buy","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6619","title":{"rendered":"Is Mina Protocol Going to Zero? MINA Price Crashes 7% as This Other Coin Hits New Milestone \u2013 How to Buy?"},"content":{"rendered":"
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After an explosive +140% rally, Mina Protocol (MINA) price has crashed down -7% in a dramatic retracement move, leaving some panicked bag-holders asking \u2018Is Mina Protocol Going to Zero?\u2019.<\/p>\n

This comes amid a collapse in 24-hour trading volume, which surged to $1bn in the midst of the skyrocket move, before tumbling back down to current levels at $82m.<\/p>\n

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Top 10 #Crypto<\/a> Performers in past 7 Days within Top 200 Marketcap Coins:<\/p>\n

1. $FLOKI<\/a> 94.89%
2. $PEPE<\/a> 83.31%
3. $MINA<\/a> 59.20%
4. $TRB<\/a> 55.66%
5. $CFX<\/a> 49.86%
6. $INJ<\/a> 47.51%
7. $LINK<\/a> 42.74%
8. $RUNE<\/a> 40.24%
9. $LQTY<\/a> 38.52%
10. $POLY<\/a> 38.17%<\/p>\n

\u2014 Ava monaro (@AvaMonaro) October 27, 2023<\/a><\/p>\n<\/blockquote>\n

Despite the retracement move, Mina Protocol is still sat atop a 59% week-on-week gain \u2013 leaving healthy gains in the wallets of MINA holders and ranking the promising project in the top\u00a0 10 weekly gainers.\n<\/p>\n

MINA Price Analysis: As MINA Retraces Down From Skyrocket Rally \u2013 Is Mina Protocol Going to Zero?<\/strong><\/h2>\n

\nThe retracement move has left Mina Protocol currently trading at a market price of $0.62 (representing a 24-hour change of -4.93%).<\/p>\n

However, three days of consolidatory moves has left with emerging footing around the $0.60 price level \u2013 suggesting bullish sentiment remains at a higher week-on-week level.<\/p>\n<\/p>\n

Mina Protocol\u2019s major rally was triggered by a broader market surge after Bitcoin price flew to a 17-month high following the emergence of a CUSIP number for BlackRock\u2019s spot ETF application.<\/p>\n

With price now sat high above both the 20DMA (sat at $0.43) and the 200DMA (sat at $0.48), a rising 20DMA appears to be rapidly heading towards a potential future golden cross pattern \u2013 which could trigger a second rally leg after consolidation.<\/p>\n

Yet, despite the ongoing consolidation, the RSI indicator remains significantly overheated at 69.43 \u2013 a bearish signal that could demand prices push down lower.<\/p>\n

This is contrasted by the MACD, which continues to depict bullish momentum at 0.0322, suggesting that consolidation here is more likely than further downside.<\/p>\n

Overall, while cooling-down following a decline in trading volume, MINA appears technically strong here, with a second rally leg clearly on the cards if MINA bulls can cement consolidation at this level while awaiting a golden cross from moving average levels.<\/p>\n<\/p>\n

Mina Protocol therefore has an upside target at higher support above $0.775 (a possible +25.89%).<\/p>\n

While downside risk could see Mina Protocol plummet down to $0.50 (a potential -18.78%).<\/p>\n

This leaves MINA with a risk: reward ratio of\u00a0 1.38 \u2013 a solid entry with reasonable upside return, and certainly not going to zero<\/strong> anytime soon.<\/p>\n

But while MINA battles against retracement, a new meme coin presale is emerging as a favored play amid an unfolding meme season.\n<\/p>\n

Meme Kombat Presale Smashes $780k in Funding As Meme Coin Fever Takes Hold<\/strong><\/h2>\n<\/p>\n

Meet\u00a0Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

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$MEME<\/a> fire sale or something\u2026 pic.twitter.com\/MVhhGYqdAo<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) October 27, 2023<\/a><\/p>\n<\/blockquote>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there\u2019s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable \u2013 every battle is a new experience, ensuring players stay engaged.\n<\/p>\n

Delivering GameFi to Crypto Rivalries in Dramatic Fashion with Staking<\/strong><\/h2>\n

\nThe project isn\u2019t just about excitement; it\u2019s built on a foundation of trust \u2013 Meme Kombat\u2019s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.<\/p>\n

The findings of this audit will soon be public, a move that many projects shy away from.<\/p>\n

The founder and project lead,\u00a0Matt Whiteman, isn\u2019t an unknown entity in the crypto space.<\/p>\n

His experience spanning two decades in process design, combined with his position as the COO of\u00a0North Technologies, adds credibility to Meme Kombat.<\/p>\n

When so many projects hide behind the veil of anonymity, Whiteman\u2019s open profile and the project\u2019s physical address in Amsterdam offer an extra layer of trustworthiness.<\/p>\n<\/p>\n

The\u00a0tokenomics of Meme Kombat\u00a0is also an appealing factor for potential investors \u2013 Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.<\/p>\n

With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena \u2013 this dual functionality \u2013 earning while gaming \u2013 sets Meme Kombat apart.<\/p>\n

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Are we doing this correctly @elonmusk<\/a>? pic.twitter.com\/4dYsyKgdXL<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) October 27, 2023<\/a><\/p>\n<\/blockquote>\n

Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.<\/p>\n

With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.<\/p>\n

By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.<\/p>\n

For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss \u2013 so, don\u2019t be left behind\u00a0(stay tuned with the MK Telegram).<\/p>\n

Embrace the future of meme-based gaming and betting with Meme Kombat.<\/p>\n

Buy Meme Kombat Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n

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