Minu continues to do wonders in the market, as it rockets higher every day, without any signs of a slowdown. In the last 24 hours, Minu has added another 49% to trade at $0.0000008804.
Minu is drawing in new investors for the fact that one can use the Minu application to mine BNB. Considering that Binance Coin (BNB) is one of the most valuable cryptocurrencies in the market today, it goes without saying that investors are rushing into the Minu ecosystem. This rush to mine BNB is also hugely beneficial to Minu because from every Minu transaction, 2% is locked. This means the amount available for trading continues to shrink which could help push Minu even higher as demand rises.
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MINU Team Marketing In Russia And China
One of the key factors driving up Minu at the moment is the team’s aggressive marketing. Meme coins are all about hype and that mean making sure as many people as possible know about the token. The Minu team seems to have gotten this quite right, and it is showing in the price.
$MINU is Trending on @GeckoTerminal with the best 24hrs stats!https://t.co/cA9VLGiiwZ
👉In the last few days we have expanded our Marketing Campaign in Russia and China that is being continued!
🔥Although, you haven’t seen anything yet. Marketing will be expanded more and more… pic.twitter.com/P9irocLPbc
— Minu (@minu_coin) February 20, 2024
According to an update by the Minu team on X, they have increased the marketing campaign in Russia and China, and they are expecting some big results in these markets. This is big news because China’s huge population of crypto investors could easily turn the dynamics of Minu. They could easily see the token eat several zeroes and make it to the top 100 cryptos by market cap. This may explain why investors are holding on even after making so much profit from Minu’s close to 1000% price rally in the month.
More Exchanges Listing MINU
Also, the more investor interest in Minu grows, the more exchanges are willing to list it. This is quite evident in the fact that in the last few days, more centralized exchanges have announced that they are listing Minu. One of the latest to announce that they are listing Minu is Messari. This means investors now have one more place where they can buy Minu further adding to the upside momentum.
Exchanges Driving MINU Marketing
Exchanges that have already listed Minu now have an incentive to promote it investors through their socials, further driving up investor excitement and FOMO. ProBit, for instance, is one of the crypto exchanges, where investors can buy Minu. The exchange has been actively promoting Minu, and with the price surging by double digits daily, this could play into the buying pressure that Minu is experiencing at the moment.
The lovable @minu_coin is melting faces, up 112% in the past 24 hours.
Have you bought your $MINU bag on ProBit Global?
👉 https://t.co/IZDbAtt4WR#Altcoin #BTC #Memecoin #Web3 pic.twitter.com/u7SveskHup
— ProBit Global (@ProBit_Exchange) February 20, 2024
For anyone looking to ride the Minu wave, the token is easily accessible on top decentralized exchanges like PancakeSwap V2 and V3. However, for those not well versed with the mechanics of DEXs, Minu is available on several easy to access centralized exchanges like ProBit and P2B.
In the section below, we take a look at Minu[‘s price prediction to try and determine whether it can continue with the upward momentum that it has built so far.
MINU Crypto Price Prediction
At the time of going to press, Minu was trading $0.0000008951 with trading volumes of $3.78 million. The market cap was up 50% in 24 hours to stand at $5.31 million.
Looking at the charts, MINU’s price is in recovery after a slight dip earlier in the day. However, bulls now face significant resistance at $0.0000009397, a price level where bulls have been rejected twice in the day.
If bullish momentum increases and Minu breaks the $0.0000009397 resistance, this could trigger a new wave of FOMO. Such price dynamics could see MINU easily rally by 100% or more in the next 24 hours.
On the other hand, if bulls fail at $0.0000009397 two scenarios could play out. The first one would be a consolidation between the $0.0000009397 resistance, and the $0.0000007638 support. Such could then be followed by a retest and possible push through the $0.0000009397 resistance if buying volumes rise.
However, if profit taking prevails after so many days on parabolic gains, then the $0.0000007638 support could come into focus. If sellers manage to push MINU through the $0.0000007638 support, then MINU could easily drop to the day’s opening price of $0.0000005876.
With so much momentum building up around MINU at the moment, the odds are that it will smash through the $0.0000009397 in the day, and go on to make new highs.
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