KDA Price Analysis February 2022
KDA is a token of platform Kadena. Its current price is around $6.37 by writing, with a low of $0.22 in 2021 and a market cap of 1 billion dollars.
What is Kadena?
Kadena is a blockchain platform that offers both a public protocol and a network to increase scalability and stability. In addition, it is a proof-of-work platform that uses the blockchain for real-world use cases, with tools and services ready for widespread adoption. Stuart Popejoy founded it in 2016, and its native coin, KDA, powers it.
Kadena’s innovation allows it to provide cheap transactions with short processing times. It has many partners, including celo, Polkadot, Ledger, WRAPPED, Flux, Terra. In addition, Kadena offers enhanced energy efficiency by dynamically scaling its architecture to handle even high transaction volumes and delivers an ecosystem that can handle all of your blockchain needs.
What is KDA?
KDA is the coin of the Kadena platform, which is around $6.37 by the time of writing, with a low of $0.22 in 2021. Its current ranking is #83 according to CoinMarketCap, with a market cap of 1 billion dollars.
KDA reached a high of $28.25, with a low of $0.22. KDA is a utility token for Kadena’s public blockchain. Like ETH on Ethereum, KDA is the method of compensation for mining blocks on the network. Experts believe that like any other investment can offer good sustainability in the long-term for the investors.
KDA Coin Market Analysis
KDA has a max supply of 1,000,000,000 coins worth around $6.37 with a market volume of 44 million dollars, whereas the market capitalization is 1 billion dollars at writing.
KDA Price Prediction
On the 1H time frame, KDA breaks its head and shoulder pattern to the downside. However, it pumps right afterwards, which is following the trend of BTC. Onwards, it gets rejected by peak resistance but is now resting in that zone which might take a while to break.
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Here are some of the best exchanges to buy KDA in 2022.
Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.