Kadena is a public cryptocurrency and blockchain platform that aims to provide scalable, secure, and interoperable blockchain solutions. The native token of the Kadena platform is called KDA. In this article, we will give our Kadena price prediction for the next 5 years. We will also discuss the factors that could affect the price of KDA.
Kadena is one of the highest scaling layer 1 open-source repository public blockchain networks in the world.
Kadena (KDA) is a hybrid enterprise-grade blockchain platform that features a novel parallel chain proof-of-work (PoW) model and a new smart contract language called Pact.
Launched in June 2016 by two former JP Morgan executives, Stuart Popejoy and Will Martino, Kadena is known for its public blockchain Chainweb, which can massively increase network throughput.
Kadena as an ecosystem provides security to Bitcoin, unparalleled throughput, virtually free gas, and smart contracts. Kadena optimizes the features and scalability of the ‘Pact Smart Contract Language. Pact is readable for non-developers also, and it can automatically detect bugs.
Kadena uses a chain architecture called Chainweb to combine its several proof-of-work blockchains.
About KDA (Kadena )Token
KDA is the digital currency used on the Kadena platform to pay for the Kadena services provided.
KDA is the blockchain’s native token with a total supply of 1 billion KDA. It is used to pay for gas and as a miner’s reward for producing new blocks.
Kadena pre-mined several rounds of KDA. The first private token sale was in 2018 and raised $2.25 million for 4.5 million KDA. The second round raised $12.9 million for 17.2 million KDA. The distribution of KDA looks as follows:
- Mining: 700 million to be emitted over 100+ years
- Platform share: 200 million to be emitted over nine years
- Investors, strategic reserve, and contributors: 90 million
- Burned at launch: 10 million
Currently, 171 million KDAs are circulating.
Kadena Price Prediction and Technical Analysis
The live Kadena price today is $2.14 USD with a 24-hour trading volume of $39,366,546 USD. Kadena is down 7.99% in the last 24 hours. The current CoinMarketCap ranking is #103, with a live market cap of $395,939,096 USD. It has a circulating supply of 184,802,448 KDA coins and a max. supply of 1,000,000,000 KDA coins.
The price of Kadena registered an all-time high of $28.25 in November 2021 and an all-time low of $0.1213 in January 2021.
The Kadena historical data on the daily chart shows that the difference between the value of the opening price and the closing price of Kadena KDA is meager. Kadena was executing a bullish momentum and sideways trend till October 17, 2021. From the second week of October 2021, Kadena’s price started moving up.
The price of Kadena (KDA) took a rest in the last week of October 2021 and continued uptrend till the price touched an all-time high. Market data shows that traders started accumulating KDA cryptos into their portfolios.
Then after, in November 2021 there was a massive price rise, but eventually, it started to fall. There was a minor spike in December 2021 when the price rose again but there was a downfall since then and from mid-February 2022 price volatility is observed.
A Kadena price drop can be expected for the next two to three days; immediate support levels are placed at around $2.140. Any price drop below this is a sell Kadena indication.
Kadena price Analysis: Unparalleled network throughput and a thriving ecosystem
The launch of wKDA (wrapped KDA) provided a boost to the project since the token operates on the Ethereum blockchain, allowing it to interact with all Ethereum Virtual Machine (EVM) compatible decentralized finance (DeFi) protocols.
Also, the project addressed a major barrier facing the broad use of decentralized applications (dApps) the requirement for participants to pay cryptocurrency gas fees upon onboarding. The creation of the world’s first crypto gas station on Kadena’s blockchain allows gas stations to pay user onboarding costs, which can remove the friction of acquiring tokens in advance of signup.
Kadena Price Predictions: 2022-2026
According to price chart data (Historical data), the price of Kadena may surpass expectations for 2021 and set new records. In contrast to money market instruments and fiat currencies, the future forecasting system is more optimistic about digital assets. Institutional investors as well as individual investors are looking for lucrative cryptocurrency investments in the future.
Kadena Price Prediction 2022
According to our KDA projection, Kadena’s price will reach a maximum of $4.25 in this year. Kadena KDA’s typical cost is about $3.75. Users should invest now to increase their total portfolio growth and make big rewards.
Kadena Price Predictions 2023
According to our Kadena price prediction, the price may be about $6.43 in 2023. According to the KDA price estimate, Kadena’s worth could increase to a maximum of $7.11 by 2023. If purchased at the current price levels, it will, according to the Kadena price prediction, be a lucrative investment option in the future.
Kadena Price Prediction 2024
By purchasing Kadena, investors can expect a huge return because the price is predicted to be around $10.21 by the end of 2024. The average price for the year according to the Kadena coin price prediction is $9.52.
Kadena Price Prediction 2025
It will touch $13.63 by the end of 2025. Traders believe to invest in Kadena to get a return of a maximum price level of $14.54 in the year 2025, which is more than double the current value. Kadena KDA predictions are extremely bullish for 2025.
Kadena Price Prediction 2026
According to our cryptocurrency estimate, a market correction is anticipated in 2026, and the price of Kadena is anticipated to be at a minimum of $10.48. With an average price of $10.87 and a maximum price of $11.04, the Kadena pricing is currently lower than the year 2025.
Summary of Kadena Price Prediction
As it can be clear from the analysis cited above, Kadena price predictions are rather contradictory. There is no universal consensus either about positive or negative future KDA price movements.
Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Kadena projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Should i invest in Kadena?
Your risk tolerance, investment objectives, and portfolio composition are just a few of the variables that will determine whether Kadena is a good investment for you or not. Depending on whether the investing goal is short-term or long-term, different trading techniques will be appropriate. You should conduct study before buying cryptocurrencies, and base your choice on how willing they are to take a chance. You should never invest money that you cannot afford to lose, so think about how comfortable you are about it.
Where can i Buy Kadena?
What will be the price of Kadena in 2028
If the same trend continue and demand fr Kadena increase then we can expect a high in Kadena price and it may touch m mark of $13 in 2028.