Kadena (KDA) is one of these initiatives that support the transformation of how people do business and interact with one another. According to Kadena Net, more than 500,000 transactions may be processed each second. Also, unlike other networks, layer 2 scalabilities are not required.
The coin began 2022 on an optimistic note. On January 1st, it was trading at $12.41, but by January 28th, it had plunged to $5.71. The price raised from $6.09 on February 2 to $9.00 on February 9. The value of the currency ranged between $5.86 and $7.25 between February 28 and March 2.
The price of tokens, however, took on a pessimistic tone by mid-March and continued to decline to $5 by April. On May 9th, the coin’s price continued to decline, reaching $2. After skirting inquiries for the remainder of the quarter, the quarter’s transaction was closed at $2.39.
Second quarter market trends were mostly unfavorable. Comparable to the overwhelming majority of its sector rivals. For the remainder of the quarter, the coin was trading at roughly $1.34 without revealing any significant outflow. Moreover, at the time of writing, one token sold for around $1.64.
Transparency, privacy, speed, high bandwidth, and transactional integrity are some of the primary industry challenges that Kadena addresses, setting it apart from other networks and smart contract providers. Nevertheless, its distinctive characteristics might enable it attract the fear of missing out to reach a Q3 top of $1.9967.
In contrast, bearish patterns might keep the price at its conceivable minimum of $1.5056 despite the average selling price mark of $1.7733.
Kadena’s roadmap includes several items that are currently under development. Among them are NFTs, community Bootcamp, and financing infrastructure, among others. Implementation of fresh features will attract attention to the currency, hence encouraging new investments. This might cause the coin’s price to reach its maximum of $2,4700.
In light of this, the average cost might reach $2.0716 if typical business practices are adhered to. On the other side, limited volume and substantial sell-offs may cause the price to fall below $1.7806, a crucial support level.
02 Feb 2023
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