KDA

Kadena

Kadena is an organization that was launched in June 2016 by two former JPMorgan executives, Stuart Popejoy and Will Martino. Its aim is to significantly increase network throughput running on the Chainweb public blockchain. Its native cryptocurrency is Kadena (KDA).

Chainweb is the only siloed and scalable layer 1 (PoW) network in the business today. Kadena's licensed blockchain is designed as a fully open source project that aims to solve challenges of existing blockchains such as speed, scalability, and security limitations. The company goes so far as to claim that the Kadena ecosystem provides a level of security equivalent to Bitcoin (BTC). Kadena also claims to be the only network that offers a fully decentralized infrastructure. Unlike other platforms, Kadena has driven global financial systems through a protocol that scales to ever-higher TPS (transactions per second) as more chains are added to the network, facilitating industry scalability. KDA is the digital currency used on the platform. Its main purpose is to pay for calculations on the blockchain.

Chainweb's public protocol works through a braided consensus mechanism consisting of several individually mined peer chains that work in parallel to execute network transactions.

Source: tradingview.com

In the span of three months, the price of the Kadena coin has risen 28-fold, from $1 on September 7, 2021, to a level of $28.25 on November 11. This all-time high was preceded by a strong rally, trading as low as $0.5712 on June 11, 2021. The price rise followed the announcement on October 29, 2021, that an NFT platform would be built on the Kadena network.

In 2022, the coin entered a downward trend that it has not been able to escape. In January alone, it lost more than 50% of its value. February was slightly more positive, with the KDA bouncing back to a high of $10.21. However, this was short-lived. The coin closed at $4.57 on April 26, 2022, and at the time of writing, has yet to rise above $5. This poor performance was generally assessed by a large part of the crypto market after a series of crashes strengthened the bear market. On November 1, 2022, the coin was worth about $1.35.

At the time of writing, just under 200 million KDAs were in circulation out of a total supply of one billion. This meant that its market capitalization was around $267 million, making it the 121st largest crypto asset by this indicator.

Finally, in 2021, Kadena reported that it had achieved 480,000 TPS on its hybrid blockchain platform, outpacing its competitors. For example, Solana has a transaction capacity of 50,000.

On Tuesday, November 1, 2022, the current price of Kadena was USD 1.335.

Based on Kadena's historical exchange rate data, the Kadena price could be USD 5.864 at the end of 2023 and could be USD 6.4504 exactly one year later. In the next three years, the highest Kadena price could reach 37.7597 USD, and the lowest Kadena price could be 0.79178 USD. At the end of 2024, we can expect the Kadena price to be around 10.4367 USD, while at the end of 2025, it could easily reach a price level of 16.8866 USD. Surprisingly, in 2026, we find a remarkable value of 27.