Kadena was launched in 2016, as a blockchain that could change how the crypto space and the mainstream sector relate and carry out transactions. To ensure that its quest for mass adoption is achieved, it revolutionized blockchain technology and the decentralized applications (dApps) that are developed on it interact with the business world by increasing scalability, efficiency, low gas fees for the transaction, transaction speed, and security which are previously unattainable.
This was made possible due to the background of its cofounders Stuart Popejoy who led the JPMorgan’s Emerging Blockchain group and Will Martino who was hired as a consultant for the Security and Exchange Commission’s (SEC’s) Cryptocurrency Steering Committee.
JPMorgan’s first blockchain known as JPM Coin was developed by Stuart and Will.
Kadena (KDA) Blockchain Technicalities
Some of the factors that distinguish the Kadena (KDA) blockchain and the technology direction it has adopted are:
- Industrial Scalability: Kadena (KDA) protocol is created to power global financial system by ensuring that its scalability goes higher as more chains are added to the network.
- Energy Efficiency at Scale: Its energy architecture ensures that its energy use remains constant as the Transactions per Second (TPS) scales.
- Proven Security: This is possible through its adoption of Proof-of-Work (PoW) algorithm to ensure that the security of all financial systems that uses its network are secured, since PoW is reliable and battle-hardened.
Kadena (KDA) Current Market Status
Kadena (KDA) remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinMarketCap, the KDA price is $9.76. Notably, KDA was able to record an increased rate of almost 41.05% in the last 24 hours.
In terms of its market standing, KDA market capitalization amounts to almost 1,637,990,765 with a 24-hour trading volume of over $117,670,588. As a result, the Kadena ranks as one of the top 71 cryptocurrencies in CoinMarketCap. With all these achievements, we can say that KDA has come a long way in developing its technology throughout the years.
Currently, Kadena (KDA) can be traded in Kucoin, Gate.io, Bittrex, BKEX, Hotbit, and others.
Now that you already have an idea about what Kadena (KDA) cryptocurrency is, do you think KDA is a good investment this 2022? If you are already excited to know, come, and together let us check this CoinQuora KDA price analysis and price prediction article.
Kadena (KDA) Price Analysis
Currently, Kadena (KDA) holds 71st place on CoinMarkCap. But will the latest upgrades, development, and changes in the Kadena blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this KDA price prediction article 2022.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Kadena (KDA) above, it could be seen that the last candlestick is moving away from the top curve and breaking out further. This could lead to a continuous bullish run for some time.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Kadena (KDA) 1day chart of KDAUSDT shows it is at 67.37 which indicates a strong trend. If this value continues to rise, KDA could experience a breakout above the 70 mark region, which indicates an overbought region. However, there could be a bearish run since it has turned downwards.
From the 90 days and 30 days moving averages for Kadena (KDA), it could be seen that KDA would go bullish in the long-term since the 90-day moving average is above the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.
Kadena (KDA) Price Prediction
Currently, kDA holds 71st place on CoinMarketCap. Would the market performance be enough for KDA to maintain its bullish position in 2022, having gained 68.4% in the past two weeks? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this KDA price prediction 2022.
Though, Kadena (KDA) has been on the bullish run in the past 30 days. However, though it is on an uptrend, if the bears have their way, the price of KDA would break the $7.1371 support1 level and even plummet further to $1.2772 at support3, a bearish signal for 2022.
However, a continuation of the present bullish gains will lead to a bullish run that could even break the $10.9090 at resistance1 and even move higher.
Meanwhile, our long-term KDA price prediction for 2022 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.
Kadena (KDA) Price Prediction 2022
If this bullish trend continues, Kadena (KDA) will reach $26.4006 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $16.5668. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $30 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Kadena (KDA) Price Prediction 2023
The price of KDA can move even great heights, however reaching $50 in 2023. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Kadena (KDA) breaks past the psychological resistance level.
Kadena (KDA) Price Prediction 2024
As per the latest upgrades, developments, KDA price prediction, and new project forecasts of the platform. Moreover, this might boost the price of KDA in the crypto market, and it will be in the class of the best investments in 2024 that can spike and reach around $100.
Kadena (KDA) Price Prediction 2025
In the next four years, KDA prices could reach $150. However, reaching this level could not be so difficult for KDA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KDA has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Kadena (KDA) Price Prediction 2026
By 2026, the price of Kadena (KDA) would reach $400 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
