Mina Coin, a popular cryptocurrency, is on the verge of a significant upgrade. June 4 is an important date. With this long-awaited upgrade, the construction process of the Mina Coin ecosystem will begin. We discuss the details you need to know about Mina Coin, one of the few alternatives in the ZK field.
MINA Coin News
Recently, the Mina Coin team shared details about the major steps to be taken on June 4. Despite not yet building its own ecosystem, investors have been holding onto their assets for years. The Mina team, which has convinced investors of long-term goals, wrote the following in their latest update:
“One week left!
Mina’s Berkeley Upgrade will take place on June 4, 2024.
We thank the community testers, staking pool operators, exchanges, and our partners who brought us to this point.
Last week, o1_labs released version 2.0.0, a new stable version that identifies stopping points in the codebase and will initiate the upgrade process. As of today, 83% of active stakes have been upgraded to version 2.0.0 (target achieved). Node operators who have not yet upgraded should do so immediately.
This week, tests that fully reflect the mainnet upgrade conditions continue. The upgrade will bring three key features to the network: easier zkApp programmability, a stronger proof system, and the removal of Supercharged Rewards.”
This upgrade, called the Berkeley upgrade, has been in the works since the Mina Mainnet was launched in 2021 as a pioneer of zero-knowledge (ZK) technology and should mean a lot for the price. Moreover, it represents a key milestone in long-term goals. Mina is striving for a blockchain with blocks approximately 22kb in size, equivalent to a few tweets. This will make it possible for nodes to work integrated within a browser, which is a big step for the decentralization story.
MINA Coin Price Prediction
On the technical front, the level of $0.861 was an important region for MINA Coin and needs to close above it. In a positive scenario, targets of $0.92 and $0.97 can be tested. If this region turns into support, the rally can continue up to $1.14. Medium-term peak targets are $1.45 and $1.71.
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In the opposite scenario, $0.75 and $0.58 can be tested.
