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Tag: Kadena

  • Kadena (KDA) – What does the Chart Show?

    Kadena (KDA) – What does the Chart Show?

    When talking about the technical analysis let’s start from the weekly time frame and understand the anatomy of the candle, the price of Kadena (KDA) is now around the weekly mitigation block and has shown a great reaction of it. Moreover, if we draw the Fibonacci from the last Lower High to the Lower low, the level of 61.8 aligns with this mitigation block with serves as a confluence to this level. Now the demand pattern which was sitting at between $5.3991 to $8.4063 was turned down from the coming supply which makes this supply of KDA in control. This supply zone is also at the same level on the Lower Time frame as it’s not too visible on the weekly time frame.

    KDA - 1D

    Moving down to the Daily Time frame, Structure wise we still are in a downtrend, as the last Lower High is still intact and just from that the price of KDA recently showed a reaction. This recent was an almost full retracement of the impulse which was due to BTC as it pumped much recently. As BTC has a high influence over other alts, this resulted in a pump in this coin as well but overall the structure is still downwards. Now as BTC tapped into a daily FVG and has shown a great reaction, that shows short bias, so with that understanding, the short on this coin seems reasonable. There is some liquidity at $4.3828 as well which can drive the price downwards.

    Point of Interests – Kadena (KDA)

    Moving to the 4 Hour Time Frame, the price of KDA has formed a bearish DOJI pattern which is a reversal pattern. If such patterns are formed not within a zone, that is probably a continuation pattern, otherwise, If these are formed in any Specific zone, which is Order Block in this case, that shows a reversal pattern. The price also has left some imbalance while it was pushing upside which acts as a magnet and price can drive down because of that.

    Talking about the premium and Discount areas, if those are drawn, the price of KDA is clearly is a premium pricing which prefers to short only. That is a very simple rule which is to sell high and buy low and the price of KDA has clearly made a Lower High so it’s good to sell and longs shall be avoided. Now if this zone gets violated which is at $10.9392 this whole scenario would get violated. Talking about the targets, the liquidity which was mentioned above can serve as a target.

  • What do you need to know about Kadena (KDA)

    What do you need to know about Kadena (KDA)

    The Kadena (KDA) blockchain is a public and private blockchain. That is, it includes characteristics of both public and private blockchains: public blockchain, which fosters growth by not limiting the number of users and is open to all, and private blockchain, which restricts access to the blockchain and requires users to get access to the network before using it. In a hybrid blockchain, even if the blockchain is open to everyone, it still has attributes like integrity, transparency, and security. The Kadena blockchain intends to be both a public and private blockchain.

    Along with Pact, the safest smart contract language, Kadena provides the first scalable layer 1 PoW blockchain. After establishing JP Morgan’s first blockchain and serving as the tech lead for the SEC’s first Crypto Committee, @SirLensALot and @wjmartino launched the startup.

    Cryptocurrency, although being a revolutionary cry against despotic Big Finance, nevertheless has an energy issue. Bitcoin mining uses a significant amount of fossil fuels. Since then, a slew of new cryptocurrencies has emerged in an attempt to make cryptocurrency mining more feasible and ecologically friendly. The Proof-of-Stake vs. Proof-of-Work debate is centered on this, as well as the issue of scalability. Kadena went with the Proof-of-Work POW method. Although the POW technique has a scalability issue, Kadena looks to have solved the problem. Later this year, testing will be conducted to see whether Kadena’s (KDA) claim of 100,000 TPS is accurate.

    Price Movement

    At the time of writing, KDA is being traded at the price of $11.59 with a decrease of almost 6% in the last 24 hours. KDA is a really strong token fundamentally. The maximum and minimum today are $12.43 and $11.13 respectively. The daily trading volume has increased by almost 43.60%. KDA had created its ATH in May 2021 and reached a price of almost $88. KDA has a circulating supply of almost 166M coins and a total supply of almost 1B. It is listed on coinmarketcap at rank 71st. It can be exchanged on KuCoin, Gate.io, Hotbit.

    Price Prediction – Kadena (KDA)

    According to wallet investor thinks that KDA is a good investment. According to them, in one year, KDA would be worth around $33.936. In five years, the price is expected to reach a value of $121.860. Investors are quite bullish on the project and are hoping for the best and that it would reach new heights within no time.

  • What is Kadena (KDA) and How does it Work

    What is Kadena (KDA) and How does it Work

    Kadena (KDA) is a blockchain that is both public and private. That is, it combines elements of both public and private blockchains: public blockchain, which encourages growth by not limiting the number of users and is open to all, and private blockchain, where parties are restricted from accessing the blockchain and users must first gain access to the network before using it. Even if the blockchain is open to everyone, it still contains qualities like integrity, transparency, and security in hybrid blockchain. The blockchain that is to be hybrid is Kadena (KDA)

    Despite the fact that cryptocurrency is a revolutionary cry against autocratic Big Finance, it still has an energy problem. Bitcoin mining consumes a lot of fossil fuels. And, since this became clear, a slew of new cryptocurrencies have attempted to make cryptocurrency mining more practical and environmentally benign. This, as well as the question of scalability, is at the heart of the Proof-of-Stake vs. Proof-of-Work dispute. The Proof-of-Work POW technique was chosen by Kadena (KDA). The POW technique actually has a scalability difficulty, however, Kadena appears to have overcome the problem. Testing will be done later this year to see if Kadena’s claim of 100,000 TPS is true or not.

    Price Movement – Kadena

    At the time of writing this article, the value of Kadena is $13.73, a 40% over the past twenty-four hours. Kadena (KDA) also added NFTs to its network by coming into partnership with Immutable Records, following which the value of the coin jumped from $2.72 to its current value. Kadena promises its users safer smart contracts that have protection unlike that of Ethereum, No-cost transactions by the introduction of a gas station which eliminates transaction fees, Energy-efficient at scale which has already been described in detail above, Proven security because of POW, and Industrial Scalability that has been devised the Kadena team to power the evolution of the global financial system.

    Price Prediction – Kadena (KDA)

    In the long run, it is a highly good opportunity. In September it was being traded at the price of around $0.74 and now it has crossed fifteen dollars. According to the wallet investor, the price of KDA is to reach a value of $29.916 in a year. For a five-year plan, the price will reach a value of $107.616. The way the price of KDA has grown, the traders are even more bullish on the value and they think that it will reach even more.

     

  • Kadena (KDA) – Where can the Price move Now?

    Kadena (KDA) – Where can the Price move Now?

    At the time of writing, KDA is being traded at the rate of $17.25 with an increase of 3.74% within the last 24 hours.

    The low within this tenure was around $16.75 and the high was approximately $18.80. The coin as being in the watchlist of many traders makes it rank all the way up to number 51st according to the latest data released by coin market cap.

    KDA made its all-time high in the month of May 2021 where it reached an enormous amount of $88. At the moment it has a daily volume of $63,878,766 with an increase of 17.44% within the last 24 hours. The circulating supply of KDA is now around 160M and a maximum supply of 1B. KDA has a dominance of 0.11%.

    The top exchanges for trading KDA are currently KuCoin, Gate.io, Hoo, Hotbit.

    Technical Analysis – Kadena

    Not much data is available on the daily time frame so choosing the 4H time frame to get a better idea about how the price may move.

    The price has a structural high and a structural low. The price has been moving between these two levels. There are two possible movements of KDA. One that it can move upwards and come down to retest the level from where we can look for possible longs.

    KDA -4H

    The second possible movement is the price to drop down and come back and face resistance to drop down from where possible shorts can be opened.

    It all depends on the lower time confirmations because the price movement is quite unclear at the moment. Sometime later, we can look for a better opportunity when the price becomes more clear.

    Price Prediction – Kadena (KDA)

    In the long run, KDA is a highly good opportunity. In September it was being traded at the price of around $0.74 and now it has crossed fifteen dollars. According to the wallet investor, the price of KDA is to reach a value of $33.136 in a year. For a five-year plan, the price will reach a value of $97.046. The way the price of KDA has grown, the traders are even more bullish on the value and they think that it will reach even more.

  • What do you need to know about Kadena (KDA) Coin

    What do you need to know about Kadena (KDA) Coin

    The best cryptocurrencies are the King (Bitcoin) and the Queen (Ethereum). Other coins are only following suit of the King and the Queen. But some coins want to break the barrier set by the royalty and establish their own through the market. Kadena (KDA) is an example of this.

    KDA is a hybrid blockchain; it incorporates the characteristics of public blockchain as well as private blockchains. For clarification of the readers, public blockchains encourage growth by not limiting the number of users and it is also open to everybody to take a stake in. Private blockchains on the other hand are limited to the access of blockchain and require the users to gain access before being able to access the network before utilizing it. However, hybrid blockchains are different from both of them. They are open to everybody but still employ features such as integrity, transparency, and security.

    While many believe cryptocurrency is going replace the finance market, or more particularly, the centralized aspect of the finance market, cryptocurrency still has a problem of energy. A lot of traditional sources of energy are harmful to the environment when they are burned to make energy. The energy generated would mostly be utilized in mining cryptocurrencies. New cryptocurrencies in the market are aware of this fact and therefore are trying to become a better option than Bitcoin and Ethereum by being environment friendly.

    The Proof-of-Stake versus Proof-of-work debate is central to the energy issue. The issue of scalability is also related to this. Kadena relies on the Proof-of-Work (POW) mechanism. It believes that is the future of the crypto market.  The issue of scalability still persists in the POW mechanism but Kadena’s (KDA) model claims to have solved the issue. Kadena plans to test out its claims soon, one of which the 100,000 Transactions per second (TPS).

    Current Price Movement – Kadena (KDA)

    At the time when this article is being put down into words, the current value of KDA, the native token Kadena, is $16.83. The 66th ranked coin has a trading volume of $56,476,566, an increase of 35.85% over the past twenty-four hours. The maximum supply of the coins is 1,000,000,000, out of which 158,266,841.46 KDA are in circulating supply. The previous month has been crazy for the coin as it has a monthly low of $5.69 and a monthly high of $28.25. It can mainly be attributed to Kadena joining the DeFi brigade, it launching NFT projects on its platform, and providing new exchange listing and staking opportunities.