Mina Protocol price

Original title: "The collective "resurrection" of old coins such as DASH, ZEC and ICP, is it a precursor to capital nostalgia or a new narrative? 》 Original author: Ding Dang, Odaily Planet Daily In the past few days, the market has continued to weaken, but a number of "old coins" have risen against the market and set off a carnival alone. As the mainstream narrative gradually weakens, these long-hidden names reappear at the top of the gainers' list. They are not the creators of new stories, but they shine again in the ruins of the old era. Some people see it as "the return of veterans", while others think that this is just a temporary curiosity for new funds. But in any case, in the stage of sluggish liquidity and lack of hot spots, the unexpected restlessness of old projects has become a mirror reflecting market sentiment. DASH, ZK: A rotating game of private funds Privacy coins are undoubtedly the core engine of this wave of market. When ZEC skyrocketed 40x in a month, the market was in a dilemma - neither daring to chase nor missing out. As a result, funds began to rotate in similar themes, with XMR, DASH, ZK, MINA, etc. on the list. The story of DASH (Digital Cash) dates back to 2014. Formerly known as "Darkcoin," it was created by Evan Duffield and is positioned as "digital cash" through CoinJoin coin mixing technology for optional privacy. Although both Dash and Zcash have private payment as their core buying points, their design concepts, technical routes, privacy strength, governance methods, and practical uses are completely different. Dash was born even before Zcash, which emphasizes "fast payments + optional privacy + on-chain governance", sacrificing some privacy in exchange for speed, governance, and real merchant adoption, suitable for daily micropayments. The latter emphasizes absolute privacy protection, which pursues absolute privacy at the mathematical level, but sacrifices speed, ease of use and merchant acceptance, and is mainly used for large privacy transfers. The difference in positioning between the two also determines the difference in their adoption groups. Dash still has thousands of real merchants in Venezuela and Colombia, and the DashPay wallet (username payment) has also been launched. Zcash has almost zero real merchants, and 90% of its trading volume comes from exchange arbitrage or the dark web. It is precisely because of its ultimate pursuit of privacy protection that its living space has been sharply compressed under regulatory pressure. If DASH is a "realist" of privacy coins, then ZEC is an "idealist". One compromises with life, and the other is loyal to mathematics. As for ZK (ZKsync), it represents the "Ethereum re-narrative" of the zero-knowledge track. ZKsync mainly achieves high throughput and privacy protection through zero-knowledge proof (ZK-Rollup) technology, and is regarded as an important solution for Ethereum scaling. On November 1, Ethereum founder Vitalik Buterin posted praising ZKsync for its "low-key but valuable contribution to the Ethereum ecosystem." This tweet acted as a signal flare, and ZK took center stage in an atmosphere of rekindled privacy narratives, with short-term gains of over 160%. Although it has since fallen, on the evening of November 4, ZKsync founder Alex released the "ZK Token Proposal Part I", proposing a major update to the ZK tokenomics model: all network revenue will be used to buy back and burn ZK tokens, turning it from a simple governance token to an asset with value capture functions. At present, the privacy sector is still a hot spot for capital pursuit, and projects such as SCRT and ROSE have also received renewed attention due to the new narrative of combining privacy computing and AI. It can be said that in the game between regulation and freedom, the privacy sector has become an "emotional outlet" for market funds. It is both a refuge and a speculation. ICP, AR: The old dream of the storage track is rekindled ICP (Internet Computer) was founded in 2016 by genius scientist Dominic Williams in Zurich, Switzerland, led by the DFINITY Foundation, and officially launched on the mainnet on May 10, 2021. Its ultimate vision is to completely replace centralized cloud services such as Amazon AWS, Google Cloud, and Microsoft Azure with a public chain, turning the entire Internet into a "world computer". That year, Internet Computer conducted multiple rounds of private placements, raising about $163-195 million, and the valuation was as high as $9.5 billion. This was the second highest financing L1 public chain in history after Polkadot among blockchain projects at the time, and it was a truly "king-level" project, with a financing lineup including Andreessen Horowitz (a16z), Polychain, Multicoin and other well-known crypto investment institutions. But the ideal is too big and the reality is too complex. The project went live at a high of $2,800 before quickly falling back to around $300, a drop of up to 90%. After 4 years, the market value of $42 million has declined from an annual valuation of $9.5 billion to this day, which is not very embarrassing. The token hit a low of $1.86 in the big crash on October 10 and rose 5x in a month, reaching a high of $9.84. AR (Arweave) is a permanent data storage protocol founded by Sam Williams in 2017 and launched in 2018, positioned as "Permaweb" (permanent web page), with its core selling point being a one-time payment and permanent storage, solving the problem of easy data loss and censorship. Arweave abandons the linear structure of traditional blockchains and creates the original "Blockweave" data structure, where miners not only store new data through the Proof of Access (PoA) mechanism, but also randomly prove that they can access old historical data in order to receive mining rewards. Through this economic incentive, the problem of long-term preservation of blockchain data is solved. In February 2025, the AO mainnet was officially launched, marking Arweave's historic transition from "permanent storage" to "permanent computing." Before AO went live, Arweave was defined by the market as "expensive cold storage." Although it achieves a true "one-time payment, permanent preservation", the application scenarios are mainly focused on "write once, read very little" cold data fields such as NFT metadata backups, archives, and mirror websites. The emergence of AO has promoted the narrative upgrade of Arweave, from "storage" to "computing + AI".     However, at the market level, its price has been sluggish for a long time. After the AR price hit a high of $90 in the 2021 bull market, the AR price has been trading sideways at $5-15 for a long time, and its market capitalization has been far behind cheaper competitors such as Filecoin and Irys. In 2024, there was a rally to $50, driven by both market sentiment and AO's narrative. Now, it is hovering around $5 again, can it replicate its 24-year trend and go on a rebound? DCR: The Underrated Textbook of Governance Decred (DCR) is one of the earliest and most successful "on-chain autonomous organization" (DAO) projects in the cryptocurrency space, founded by former Bitcoin developer Jake Yocom-Piatt and launched on the mainnet on February 8, 2016. Decred emerged to address Bitcoin's biggest pain point – rigid governance. It uses a unique hybrid PoW+PoS consensus that allows holders, not miners, to dominate network rule changes, budget allocation, and future direction. In detail, PoW miners are responsible for producing blocks, and PoS voters (Stakeholders) are responsible for validating and voting on blocks. Any rule changes require 75% approval to prevent miner dictatorship or hard forks. Before 2021, the crypto industry's exploration of blockchain was basically outside the framework of Bitcoin to try to patch its existing shortcomings with different technical paths. After the emergence of DeFi Summer, such projects have gradually been overshadowed and obscured in the long river of time, and the price of DCR has been trading sideways between $10~30 all year round. Conclusion: The resurrection of the old gods, or the echo of illusion? From a short-term price point of view, most of the rebounds of these old projects are accompanied by a decline. After a brief carnival, the market returned to the calm risk testing phase. Whether they can withstand this test will determine whether they replicate the miracle of ZEC or repeat the short-lived illusion. The deeper reality is that the current new narrative in the crypto market is scarce and liquidity is tightening. The "resurrection" of old coins is more like a nostalgic act when funds have nowhere to be placed, and it is a brief look back on the "idealistic era" of the early days of crypto. Perhaps, investors don't really believe that these old projects will be "reborn", but at least, these names remind them that the crypto market once had faith. Original link