Crypto token Kadena (KDA) is on the move once more, and many enthusiasts are wondering where it will reach $30 at some point. At the time of writing, Kadena is already trading at $26.08, with an increase of around 22.55% over the last 24 hours, according to CoinMarketCap’s data.
As we all know by now, we can never be sure when it comes to cryptocurrencies, as the market is volatile and could change in a split second. As such, you must always tread carefully when you’re thinking about investing in any of the various projects. This is especially the case for the much-newer crypto, as they’re riskier compared to other established projects like Bitcoin and Ethereum.
Moving on, let’s talk about Kadena a bit more. This blockchain specializes in optimizing scalability, and it features a fantastic smart contract language known as Pact. The great thing about Pact is that not only can it easily detect bugs, but even non-developers will have no issues reading it.
Sure, there are countless cryptocurrencies out there making the same old promises and claims, but what makes Kadena stand apart from the rest of its competitors is that it actually addresses many of the concerns and issues within the industry.
For instance, Bitcoin may be the most secure network out of all blockchains, but it doesn’t support high throughput nor smart contracts.
.@Kadena_io adds another layer of decentralization to traditional #PoW #blockchain with the release of Chainweb-Mining-Client!
If you’re a Kadena miner & would like to try it out, you can find the initial release here: https://t.co/T9fOkjiyQI https://t.co/eNmR5MXRVW
— Kadena (@kadena_io) November 10, 2021
Price Predictions
For the last 24 hours, Kadena has been rising above and beyond. CryptoWhat.com’s co-founder and creator, Patrick Moore, tells TheSun that he believes that the price increase is a major factor as to why the wKDA token was launched. Essentially, wKDA is a wrapped version of the KDA token we already know, and it operates under the Ethereum network.
As such, it can interact and connect with all the EVM-compatible DeFi protocols. Moore goes on to say that there was a recent announcement revealing that the UFO team plans on building an NFT gaming platform using the Kadena blockchain.
According to Coinbase, KDA has increased by up to 240.57% over the past week alone, and as much as 1,183% in the last month or so. Because of these statistics, Wallet Investor says that Kadena is possibly a good long-term investment for those who are interested, possibly providing earnings of 9.79% annually.
Many platforms believe that Kadena will still increase in value in the long run. In fact, Digital Coin Price believes that the crypto will go as high as $42.46 in a year, which is more or less double its current price.
In a recent Twitter post, Kadena revealed that it has plans to expand into the world of non-fungible tokens (NFTs). Given how successful this particular market is, there’s a pretty good chance that KDA will skyrocket even more.
