Kadena Price Prediction 2024-2030

Currently, Kadena is trading around $0.9862, which is almost 3.29% up from the past 24 hours, KDA has managed to maintain its momentum. There is a bearish sentiment in the market amidst Bitcoin uncertainty, but the long-term sentiment remains positive, and the KDA coin could cross the $2 mark by 2025. If you are looking for Kadena crypto price prediction, our in-depth analysis aims to answer your questions like, Is Kadena a good investment? What is the future of Kadena? What will Kadena price be in 2025? Before we start with detailed Kadena price prediction, let’s dive into the coin’s overview.

What is Kadena?

Kadena is one of the highest-scaling layer 1 open-source repository public blockchain networks in the world. Kadena Network claims that it can execute nearly 500000 transactions per second. With the high transaction speed, Kadena does not require a layer 2 scaling like others, such as the Ethereum network.

Kadena makes blockchain accessible to everyone in the world. 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. Let’s explore Kadena price prediction with its technical analysis, features, technology, and more.

Unique Features and Services of Kadena

What makes Kadena different from other blockchain providers and smart contract dealers is it addresses the major concerns of the cryptocurrency market, such as privacy, security, speed, high throughput and accuracy of transactions, and the technical understanding for normal people to access the ecosystem. The platform was co-founded by pioneers of the blockchain industry. Stuart Popejoy, the founder and CEO of Kadena, was the former leader of JP Morgan’s emerging blockchain group, along with Will Martino, the co-founder and president of Kadena. He was the tech lead of SEC’s cryptocurrency steering committee.

Smart contracts: Smart contracts are predefined agreements between parties that execute automatically. Most smart contracts, like Ethereum, require gas fees and lack user control. However, Kadena’s Pact-supported smart contracts offer ease of use and enhanced safety, allowing users to write or launch contracts effortlessly on their platform.

No-cost transactions: Kadena will launch the first crypto gas station, eliminating transaction fees for customers. This move can drive widespread adoption of dApps, supported by Kadena’s unique architecture that enables energy-efficient transactions per second.

Blockchain technology: Kadena’s public blockchain network stands as the sole shared and scalable layer 1 Proof of Work network. Its scalability is achieved through blockchain braiding, including integration with Bitcoin. To meet growing demands, Kadena expanded its live network from 10 to 20 chains, ensuring scalability without limitations. With the ability to settle over 9 million trade executions daily, Kadena is the only scalable Proof of Work platform of its kind.

DeFi and NFT payments: Pact provides flexibility and security to the system. Serial and fractional NFTs, faster payment with the use of Kuro Layer 2 technology. Trustless, decentralized, cross-chain transfers are executed seamlessly by the Kadena chain relay bridge. Pact is governed at three levels, code level and account management level, setting strategic direction for key community initiatives. All this is available on the website.

Kadena Technical Analysis

Kadena is a layer-1 blockchain, designed to be scalable, secure, and energy-efficient. KDA is the native token of the Kadena network and is used to pay for transactions and network fees.

The Kadena price has corrected since the beginning of the last year, creating gradual correction on the chart. However, the recent developments in Kadena ecosystem might help KDA coin’s price action to improve over time.

Kadena’s price today is trading at $0.9864. Kadena has a 24-hour trading volume of $4,770,514, a current market cap is $259,182,883, with a circulating supply of 262,800,928 KDA. 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 historical data 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 till November 2021. After hitting an all-time high of $28.25, the KDA coin started to fall and traded below the $10 mark in December 2021.

There was a minor spike by the end of December 2021 when the price rose again, but there has been a downfall since then, and from mid-February 2022, price volatility has been observed. In May 2022, Kadena’s price fell below $2, and since then, it has been trading in a range of $0.8 to $2 mark to date.

Currently, the price of Kadena is trading below $1 from the past few days, with immediate support around $0.9882. Any price drop below this is a sell Kadena indication. As per the current price action, the resistance of Kadena’s price is $0.99, and along with that, Kadena’s price might also reflect earning potential.

Kadena Price Prediction: 2024-2030

The historical data shows Kadena’s price could register new highs in the upcoming years. Not just that, as per the cryptocurrency prediction, we can expect the crypto industry will register a positive trend in the upcoming years. The future forecast system is more bullish on digital assets than money market instruments and fiat currencies. Not only individual investors but institutional investors are also looking for profitable future investments in cryptocurrencies.

Kadena Coin Price Prediction 2024

Traders can buy Kadena to get a massive return, as the KDA price may trade at a maximum of $1.61 by the end of 2024. Kadena coin price prediction shows the average price will be around $1.19 in 2024.