Convert and Swap Mina MINA to United States Dollar USD
MINA/USD: 1 Mina equals $0.59 USD
Last update: 11:49 PM, December 22, 2024
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Mina is falling this week.
The current price of Mina is $0.59 per MINA. With a circulating supply of 1,197,137,554.84 MINA, it means that Mina has a total market cap of $712,037,977.02. The amount of Mina traded has fallen by $11,178,800.31 in the last 24 hours, which is a 17.94% decrease. Additionally, in the last day, $62,315,592.01 worth of MINA has been traded.
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About Mina
MINA is a cryptocurrency that powers Mina Protocol, a layer one blockchain that aims to be lightweight, privacy-preserving, and easily verifiable. Developers on Mina can build privacy-preserving smart contracts and decentralized applications based on zero-knowledge proofs. MINA is used to set up new accounts and pay for transactions. MINA holders can also stake directly on the network to validate transactions and process computation.
Mina is a unique blockchain protocol that aims to optimize computational requirements for running decentralized applications (DApps) more efficiently. Known as the world's lightest blockchain, Mina's size is designed to remain constant, regardless of usage growth. This is achieved through the use of Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs), a cryptographic proof that allows someone to authenticate information without revealing it. Mina's native currency, MINA, serves as a utility coin and medium of exchange within the network.
Mina operates similarly to Bitcoin, with the exception of how it handles transactions. It also employs the account model used in Ethereum. Mina uses a prover, an equivalent of a miner, to ensure each block commits to the state. It employs the Ouroboros Samasika, a type of Proof of Stake (PoS) mechanism designed for succinct decentralized networks. Mina's blockchain contains two major functions: verify and update. Verification touches on consensus, blockchain summary, and blocks, while the update function interacts with consensus and chain summary. The project also uses a parallel scan state to optimize transaction processing speed.
Mina aims to revolutionize the current blockchain landscape by providing a more efficient distributed payment system. It allows users to natively verify the platform right from the genesis block, making it practical for lightweight clients and mobile devices to perform full verification of the system's history. This makes Mina a potential game-changer for applications that require fast, efficient, and secure transactions. Furthermore, Mina's unique privacy features and ability to connect to any website could make it a valuable tool for building compliant privacy solutions using TypeScript syntax.
Mina was initially known as Coda Protocol before it was rebranded in October 2020. The project's main objective was to create an efficient distributed payment system that enables users to natively verify the platform right from the genesis block. Mina's unique approach to blockchain technology, which includes the use of zk-SNARKs and a constant-sized blockchain, has set it apart in the cryptocurrency space. The project has continued to evolve and improve, with a major upgrade to Mina's Mainnet announced in June.
How Mina and United States Dollar differ
Mina and the US Dollar are fundamentally different, with the former being a unique blockchain protocol and the latter being a traditional fiat currency. Mina, known as the world's lightest blockchain, aims to optimize computational requirements for running decentralized applications more efficiently. Its size is designed to remain constant, regardless of usage growth, thanks to the use of Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs). Mina's native currency, MINA, serves as a utility coin and medium of exchange within the network. On the other hand, the US Dollar is a physical and digital currency issued by the United States government, used as a medium of exchange for goods and services. Unlike Mina, the US Dollar does not utilize blockchain technology or cryptographic proofs, and its value is not determined by computational requirements or usage growth, but by economic factors such as inflation, interest rates, and public debt. Mina's potential use cases include providing a more efficient distributed payment system and building compliant privacy solutions, while the US Dollar is primarily used for everyday transactions and as a global reserve currency.
Frequently asked questions
How much is 1 Mina in USD?
Right now, 1 Mina is worth about $0.59.
How much MINA could I buy for 1 USD?
Based on the current rate, you could get 1.68 MINA for 1 USD.
How much has the price of Mina changed?
Mina price has been on the rise. Since yesterday, the exchange rate of Mina has increased. Since last month, the exchange rate of Mina has decreased. Since this time last year, the price of Mina has decreased.
How do I calculate or convert MINA to USD?
You can use our MINA to USD calculator at the top of this page to convert any amount of MINA to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 8.42 MINA. Inversely, 5 MINA will cost about $2.97
How can I buy 1 Mina on Coinbase?
Mina is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Mina.
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MINA to United States Dollar conversion tables
The exchange rate of Mina is increasing.
The current value of 1 MINA is $0.59 USD. In other words, to buy 5 Mina, it would cost you $2.97 USD. Inversely, $1.00 USD would allow you to trade for 1.68 MINA while $50.00 USD would convert to 84.18 MINA, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 29.26%. Meanwhile, in the last 24 hours, the rate has changed by 0.42%, and that the the highest exchange rate of 1 MINA to United States Dollar was $0.62 USD and the lowest 24 hour value was 1 MINA for $0.58 USD. This time last month, the value of 1 MINA was $0.70 USD, which is a 14.04% increase from where it is now. Looking back a year, Mina has changed by $0.89 USD. That means that in a single year, the value of Mina has shrank by 33.03%.
MINA to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.59 USD | 0.42% | $0.85 USD | -29.26% | $0.70 USD | -14.04% | $0.89 USD | -33.03% |
MINA to USD
Amount | Today at 11:49 pm |
|---|---|
0.5 MINA | $0.30 |
1 MINA | $0.59 |
5 MINA | $2.97 |
10 MINA | $5.94 |
50 MINA | $29.70 |
100 MINA | $59.40 |
500 MINA | $297.00 |
1,000 MINA | $594.00 |
USD to MINA
Amount | Today at 11:49 pm |
|---|---|
0.5 USD | 0.84 MINA |
1 USD | 1.68 MINA |
5 USD | 8.42 MINA |
10 USD | 16.84 MINA |
50 USD | 84.18 MINA |
100 USD | 168.35 MINA |
500 USD | 841.75 MINA |
1,000 USD | 1,683.50 MINA |
Today vs. 24 hours ago
Amount | Today at 11:49 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MINA | $0.30 | $0.30 | +0.42% |
1 MINA | $0.59 | $0.59 | +0.42% |
5 MINA | $2.97 | $2.96 | +0.42% |
10 MINA | $5.94 | $5.91 | +0.42% |
50 MINA | $29.70 | $29.57 | +0.42% |
100 MINA | $59.40 | $59.15 | +0.42% |
500 MINA | $297.00 | $295.75 | +0.42% |
1,000 MINA | $594.00 | $591.50 | +0.42% |
Today vs. 1 month ago
Amount | Today at 11:49 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MINA | $0.30 | $0.35 | -14.90% |
1 MINA | $0.59 | $0.70 | -14.90% |
5 MINA | $2.97 | $3.49 | -14.90% |
10 MINA | $5.94 | $6.98 | -14.90% |
50 MINA | $29.70 | $34.90 | -14.90% |
100 MINA | $59.40 | $69.80 | -14.90% |
500 MINA | $297.00 | $349.00 | -14.90% |
1,000 MINA | $594.00 | $698.00 | -14.90% |
Today vs. 1 year ago
Amount | Today at 11:49 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MINA | $0.30 | $0.44 | -33.26% |
1 MINA | $0.59 | $0.89 | -33.26% |
5 MINA | $2.97 | $4.45 | -33.26% |
10 MINA | $5.94 | $8.90 | -33.26% |
50 MINA | $29.70 | $44.50 | -33.26% |
100 MINA | $59.40 | $89.00 | -33.26% |
500 MINA | $297.00 | $445.00 | -33.26% |
1,000 MINA | $594.00 | $890.00 | -33.26% |
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