In the past few years, there has been a surge in cryptocurrency investment. With so many currencies to choose from, it may be confusing to know which ones are trustworthy. In this article, we try to predict where the Kadena coin is headed in the near future. But first, let’s tell you more about it.
The Technology Behind Kadena Coin
In the year 2016, the Kadena coin was founded by tech moguls Stuart Popejoy and Will Martino. The developers behind Kadena use a certain PoW (Proof of Work) platform called Chainweb and a new smart contract language called Pact.
In the process of creating Chainweb, the developers had one thing in mind; creating a blockchain with the lowest network congestion and the highest scalability. Therefore, Chainweb is known for being the only scalable layer-1 PoW network in today’s world of tech. Meaning, by using multi-chain architecture, Chainweb established the highest scalable PoW platform. It has a consensus mechanism that ensures the same level of security and reliability found in Bitcoin, by protecting itself against malicious malware.
On the other hand, part of the reason why Chainweb is a success is due to using Pact. Pact is a new smart contract language specifically created for the use of the blockchain community to satisfy their demands. It was created by the developers at Kadena to reimburse the users with a trusted system. It also encourages developers to create robust and high-performance logic for transactions in a safe and quick manner. Pact was intentionally designed to fix bugs within the network, assist in troubleshooting, and to be easily read by humans.
What differentiates Kadena Coin from others?
What makes the Kadena coin unique from others is that it has the only scalable PoW platform reaching over 9 million transactions each day on NYSE. It is also the only network in today’s tech world that uses sharding. A method of breaking down data and storing it in multiple locations, that grants developers nearly unlimited storage and upgradability.
Kadena also created the first ever crypto gas station on its blockchain. The implementation of this concept removed the restriction that blockchain would only be used by tech-savvy individuals. Due to the creation of crypto’s first gas station, blockchain can be used by anyone who has internet. This concept also ensures investors to get high returns on low-investments.
Kadena Coin Predictions 2022
No matter what you’re investing in, always be aware of the risks. We all know how much fluctuation the crypto market endures. Therefore, you should always be on the lookout for past and future trends.
At the beginning of the year of 2020, Kadena had an estimate value of $0.19 USD. The all time high for that year was valued at around $0.7729 USD. By the end of the year, it was priced at just $0.15 USD.
In 2021, the value of Kadena coin slowly began to increase. It surpassed the $1 USD mark on April 8th with a value of $1.08 USD.
The Kadena coin’s value has increased quite a bit in the last month alone. On October 1st, the Kadena coin was valued at around $1.58 USD. By November 1st, it was valued at around $6.66 USD. In only one month the Kadena coin had a 321.52% percentage return. It reached its all time high this month with a price of $25 USD. It is now valued at $23.32 USD.
Kadena Coin Price Movements 2020-2021
In the graph below, you can see the difference in the market value of the Kadena coin from the year 2020 to the year 2021.
It is predicted that in January of the new year the minimum estimate for the Kadena coin would be at $23.42 USD, and the maximum at $26.34 USD.
However, it is expected that by June of 2022, the Kadena coin would be valued at a minimum price of $27.86 USD and a maximum of $32.84 USD.
By late 2022, data analytics seem to point that the Kadena coin will be held at a minimum value of $40.1 USD and a maximum value of $54.9 USD. The all time high price of Kadena coin was recorded in November 2021 at $25 USD. That means that the price of Kadena coin in 2022 may be double its price in 2021.
With all the data analytics’ websites forecasting that the Kadena coin has a promising future. You may begin to wonder if it’s worth investing in. However, the crypto market is easily manipulated by factors out of our control. Given this circumstance, always be on the lookout for the trends of different altcoins going on in the crypto marketplace. Moreover, always do your own background research before investing in any cryptocurrencies by using trusted data forecasting forums. With this in mind, please be aware that any predictions made in this article have been made by our own research.
Sally is a student of International Business Management and is interested in topics related to blockchain technology. She is an author for gBlogo’s “Crypto World” column and provides insight on topics related to cryptocurrencies and NFTs.