KDA Crypto Price Prediction: What’s Next for Kadena?
Cryptocurrency analysts are at a crossroads over the current KDA cryptocurrency price prediction. In fact, Kadena has dropped significantly throughout 2022. And this correlates with the rest of the crypto market at the moment.
Crypto prices are falling due to extreme volatility and market uncertainty. The US is facing a recession, high inflation rates, recurring COVID-19 concerns and geopolitical tension due to the conflict between Russia and Ukraine. As a result, both the traditional stock market and the crypto market are in a slump. And investors must make difficult decisions to protect their portfolios. Is now the time to invest when prices are low? And how will things go with Kadena going forward? Let’s take a closer look at this popular cryptocurrency and its future prospects.
KDA Crypto Price Prediction and Expectations
Experts struggle to provide more insight into the KDA crypto price prediction. Overall, this is because the forecasts are all over the place. Some experts believe it will take years for Kadena to regain its value, which reached an all-time high of $28.25 in 2021. Other models suggest that the KDA coin will explode as the market recovers.
Nevertheless, this is a critical period that can make or break a crypto investor’s portfolio. So let’s focus on what we know. Kadena is currently trading around $2. Despite a few spikes, it has been on a fairly consistent decline since November 2021. Specifically, it is down more than 90% from its record high.
However, not all the news is bad. Kadena is rallying at the moment and has risen more than 20% in the past week. It is also one of the 100 largest cryptocurrencies in the world with a market capitalization of $339 million, according to CoinMarketCap. This can only help the KDA crypto price prediction when the market recovers. And its unique blockchain features are why many investors continue to keep an eye on Kadena as a potential investment. So how did Kadena get to this point?
Kadena Crypto History
Kadena was founded in 2016 by Stuart Popejoy and Will Martino. Popejoy led JPMorgan’s Emerging Blockchain Group. Martino, on the other hand, was the Tech Lead for the Securities and Exchange Commission (SEC) Cryptocurrency Steering Committee. Together they created JP Morgan’s first blockchain, which is now known as JPM Coin.
Since its founding, Kadena has raised millions of dollars to build a scalable and developer-friendly blockchain. Moreover, it provides high-quality technical features that many other cryptocurrencies lack. This includes a proof-of-work model known as Chainweb and a level of security similar to the crypto giant Bitcoin.
In 2021, Kadena started making headlines and rising as a real investment opportunity for crypto enthusiasts. And this was because of its unique platform features and stability. Almost every KDA crypto price prediction took a “sky is the limit” approach after Kadena surged more than 6,000% that fall.
However, the market turned quickly and Kadena took one hit after another. When Bitcoin and Ethereum started to crash, the rest of the cryptocurrency market followed suit.
Investment in KDA Crypto
It now appears that Kadena is back to square one. However, it has shown its potential if the market can come back stronger than before. Before making investment decisions, remember that cryptocurrencies have higher volatility and risk than more traditional securities. It is always important to do your due diligence and research before making an investment. Consider your specific investment and financial goals that will help you improve your portfolio during this difficult time.
You may also want to sign up for one of the best investment newsletters on the market. Many crypto analysts and Wall Street experts provide FREE insights into the current market that can help you make better investment decisions. With an updated KDA crypto price prediction, you can find out if Kadena is the right investment going forward. Regardless, this cryptocurrency holds a lot of promise if and when the market turns. You’re going to want to keep an eye on the movement for the foreseeable future.
Corey Mann is the Content Manager for Investment U. He has more than 10 years of experience as a journalist and content creator. Since 2012, Corey’s work has been featured in major publications such as The Virginian pilot, Washington Post, CNN, MSNBC and more. When not focusing on Investment U, Corey enjoys traveling with his wife, attending Yankees games, and spending time with his family.
