The Mina Protocol has experienced a 14.8% increase in the span of 24 hours and there is speculation that it will continue to rise in 2024. The protocol currently holds the #64 ranking with a market capitalization of $1.24 billion. Over the past week, its price has risen by 76.3%, and over the past year, it has increased by 157.5%. The token's price has gone from $0.39 to $1.2 in the past two months, leading to speculation about future growth. The protocol's chart history shows that it has behaved as expected in the bear market, gradually decreasing in value. The current price level to watch is $1.2, as it has acted as a resistance in the past. If the token breaks through this level, it could reach $3.5 or even $4 due to psychological barriers. The next major milestone would be its all-time high of $6.5. The compatibility of the Mina Protocol with Ethereum could increase its adoption and create more use cases, which would boost its price. Other altcoins with strong fundamentals, including newer tokens and meme tokens with utility, are also expected to perform well in 2024. One notable altcoin is Sponge (SPONGE), which is launching its second version with a new staking model and connection to a SpongeBob-themed play-to-earn game. Users can stake their Sponge V2 tokens to potentially earn up to 40% APY. The new token is set to launch in the first quarter of 2022.
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