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Marinade price prediction: What is marinade (MNDE)?

By Peter Henn

15:05, 4 November 2022

Green coins with the marinade logo on them on a purple background
Can marinade find the secret ingredient for crypto success? - Photo: Shutterstock

Marinade (MNDE) wants to make it easy for people to access their staked crypto. Let’s take a look, and also examine some marinade price predictions being made on 4 November 2022, too. 

SOL/USD price chart

Marinade explained

One of the key concepts in cryptocurrency is staking, the idea that there is a way to power a blockchain without having to resort to using environmentally-unsound amounts of electricity. 

The Cambridge Bitcoin Electricity Consumption Index says that Bitcoin (BTC)’s proof-of-work (PoW) consensus mechanism generated 103.4 terawatt hours per year of energy, only slightly less than the entire country of Pakistan. The alternative is called proof-of-stake (PoS). This allows people to get hold of new coins without using an awful lot of potentially ecologically unsound computing power. The idea is that people can add blocks to a blockchain without having to do mining. Instead, they can lock in the crypto coins they already have in a special wallet and, in return, they will be able to add a block to the blockchain at some point. Staking in crypto is also, in theory, much faster than mining, meaning there are fewer roadblocks and bottlenecks and, perhaps more importantly, transactions are cheaper, too.

While the biggest blockchain to use PoS is Ethereum (ETH), which only transferred from a PoW consensus mechanism in September 2022, there are other blockchains which use PoS. One of the most notable is Solana (SOL), which uses a version of PoS called proof-of-history (PoH). In this case, people get the opportunity to add blocks to the blockchain based on how much SOL they held at one particular time. That said, the two mechanisms are very similar, so you do get people staking their solana coins.

One issue with staking is accessibility. If you stake a coin or token, that crypto is, in effect, removed from your possession and put in a special crypto wallet. You could find yourself in trouble if, for instance, you stake a crypto which then drops dramatically in price. As a result, there are programs, platforms and protocols that allow people to maintain access to their cryptocurrencies while staking them.

Marinade is one such protocol. This system allows people to stake their tokens while retaining control of them. To use the technical term, it is non-custodial. As the platform’s whitepaper says: “You can stake your SOL tokens with Marinade using automated staking strategies and receive ‘marinated SOL’ tokens (mSOL) that you can use in decentralized finance [DeFi]. 

“The price of mSOL goes up relative to SOL with rewards being accrued into the underlying staked SOL.

“You can withdraw your SOL at any time by unstaking and waiting for the unlock period or immediately with a small fee. You can also directly exchange between mSOL and SOL on secondary markets at the current rate.”

Every blockchain-based platform needs its own cryptocurrency, and Marinade has the conveniently-named marinade, also known by its ticker handle MNDE. People who hold MNDE have the right to vote on changes and proposals to the Marinade network, which was set up in 2021, with the platform’s token fully entering the open market the following year. While the protocol was set up by a team including software engineers Ondrej Chaloupka and Mihai Bodnariu and lead designer Elinor Hagg, it is currently run by a decentralised autonomous organisation (DAO).

Since marinade is based on the Solana blockchain, it is a token, rather than a coin. You might see references to such things as a marinade coin price prediction, but these things are wrong. 


3,531.95 Price
+0.640% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00


67,494.10 Price
+0.690% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00


0.13 Price
+7.740% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872


175.20 Price
+2.860% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

Marinade price history

MNDE price history chartMNDE price history chart from launch to present - Credit:

Past performance should never be taken as an indicator of future results, but knowing MNDE’s price history can give context when it comes tomaking a marinade price prediction. 

Marinade was worth $0.1621 on 16 February 2022, after which it fell to trade at a low of $0.05149 on 12 March. The news of on-chain governance gave it a notable boost throughout April to an all-time high of $0.3361 on 21 April 2022. A subsequent slide became a collapse as a series of market crashes left it spending the summer in the doldrums, with an all-time low of $0.02822 on August 29.

However, 3 November’s news that the Coinbase (COIN) crypto exchange would start offering both MNDE and MSOL gave the price a significant boost and, on 4 November 2022, it was worth about $0.245. At that time, there were a self-reported 171.5 million MNDE in circulation out of a total supply of one billion. If that figure is correct, if would have had a market cap of around $41.2m, which would make it something like the 416th largest crypto by that metric. 

Marinade price predictions

Price forecasts, especially when it comes to a commodity as potentially volatile as cryptocurrency, very often turn out to be wrong. Also, many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. That said, these are some of the marinade price predictions that were being made as of 4 November 2022.

CoinCodex had a somewhat mixed short-term marinade price prediction for 2022, saying that the MNDE price could, potentially, rise to $0.253046 on 9 November before collapsing to $0.118815 by 5 December. Despite that, the site’s technical analysis was bullish with 23 indicators making positive signals and just five making bearish ones. 

DigitalCoinPrice made a MNDE price prediction that said the token could trade at $0.26 this year, $0.40 next year and $0.52 the year after that. By 2025, the site said, the crypto could be worth $0.63, before reaching $0.67 in 2026, $0.75 in 2027 and $0.88 in 2028. The forecast suggested that marinade could break through the dollar barrier in 2029 to stand at $1.06, It then made a marinade price prediction for 2030 of $1.31, before suggesting the token could trade at $1.63 in 2031. had a marinade token price prediction that argued the crypto could fall to close 2022 at around $0.111. By November 2023, it could reach $0.1534, the site said, before getting to around $0.20 12 months after that. CryptoPrediction’s marinade price prediction for 2025 saw the token start the year at $0.2063, trade at $0.2327 in November and close the year at $0.235. By November 2026, it was argued that MNDE could be worth $0.25765.

Finally, WalletInvestor, as usual, had a far more bearish take in its marinade crypto price prediction. The site said that the token could well have a challenging 12 months ahead of it, with it arguing it could drop to a mere $0.00686 by early November 2023. 

When considering a MNDE token price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. Analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. Never trade with money that you cannot afford to lose.


Is marinade a good investment?

It is hard to say. A lot will depend on whether it can capitalise on its recent Coinbase listing, and how much of a demand there is for a non-custodial staking service on Solana. Also, how the market as whole behaves will have an impact. 

Remember, you should always carry out your own thorough research before making an investment. Even high-market-cap cryptocurrencies have proved vulnerable to the current bear markets. Investors should be prepared to make losses and never purchase more than they can afford to lose.

Will marinade go up or down?

It is difficult to tell. While sites such as DigitalCoinPrice are optimistic about marinade’s future, the likes of WalletInvestor strike a far more bearish note. It is important to remember that price predictions often turn out to be wrong, and that prices can, and do, go down as well as up. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether MNDE is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. Never invest money that you cannot afford to lose.

Should I invest in marinade?

Before you decide whether or not to invest in marinade, you should carry out your own research, not only on MNDE but also on other staking-based crypto coins and tokens. 

Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.

Markets in this article

Bitcoin / USD
67494.10 USD
460.7 +0.690%
Coinbase Global Inc (Extended Hours)
256.98 USD
21.13 +8.980%
Ethereum / USD
3531.95 USD
22.46 +0.640%
Solana / USD
175.2029 USD
4.8336 +2.860%

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