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Minu Price Soars: Prospects of the First Mining Dog Coin on BSC

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
June 10th, 2024

Minu, the first mining dog meme coin on the Binance Smart Chain, has emerged as one of the lesser-known memecoins with the highest performance in recent months. It offers a decentralized app that provides miners an 8% daily return in Binance Coin (BNB). Additionally, 2% of every purchase or sale transaction goes to the mining contract, leading to a consistent increase in the total value locked of Minu.

The latest addition to Minu’s utilities is Minu Swap, a decentralized exchange (DEX) that allows users to exchange BNB for MINU and vice versa. Moreover, members of the Minu token community can propose new projects for integration and listing on Minu Swap in exchange for a small listing fee. This fee is then repurchased on Minu to increase the Total Value Locked (TVL).

Minu was launched in January 2024 and has since increased in value by an impressive 5,846.73%. Its tokenomics are unique, with 94.2% of the supply burned and only 5.8% in circulation. The circulating supply continues to decrease due to burns and team buybacks, which may likely lead to an increase in the price of Minu in the short term.

Minu Yearly Price Chart (Source: Coinmarketcap.com)

Minu allocates 3% of the platform’s funds to marketing and development activities and imposes a 4% tax fee on every transaction. These funds will be used for buying back Minu tokens or increasing miner TVL.

The project also has a detailed roadmap consisting of four stages: development, marketing, community, and trading, each with specific milestones.

Minu price prediction

At the time of publication, the price of Minu was $0.00000083. According to Changelly, they project the price to be $0.000000952 in October, $0.000000976 in November, and $0.000001 in December.

Beincrypto is optimistic about the price of Minu, forecasting it to reach at least $0.000000916 this year, potentially going up to $0.0000010909. In 2025, they predict it will trade in the range of $0.0000010101 – $0.0000010404.

Coindataflow is less optimistic but still forecasts a bullish trend for the Minu token. They believe it might fall to $0.00000077 this year, or potentially reach $0.00000155. In 2025, they believe it will trade in the range of $0.00000133 – $0.0000041.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.