The price of Kadena Coin (KDA) is now hovering over $7.45 USD, at the reporting time. Its value has increased by more than 58 percent in the last 24 hours, reaching a 24-hour high of $8.17. Furthermore, its current market capitalization exceeds $1152 million, with a fully diluted market capitalization exceeding $7 billion. Its trading volume has increased by over 400 percent in less than 24 hours, to moreover $74 million, due to the increase in value. There are currently over 153 million Kadena coins in circulation, according to Coinmarketcap.
It appears that the coin has profited from the recent cryptocurrency surge, in which the world’s top cryptocurrencies, including Bitcoin, Ethereum, and others, were traded near all-time highs. For investors, the Kadena coin’s two-month track record is outstanding. The cryptocurrency was worth $0.8155 on September 1, 2021.
3-Months KDA Price Chart – Source: CoinMarketCap
The coin’s initial price was $2.26 on September 20, 2021. The opening price was $2.07 on October 10, 2021, despite the fact that it soared past that. On October 21, however, the cryptocurrency began at $2.76 and quickly rose to $4.
Price Forecast for Kadena Coin
- As per the prior price history of the coin and market price analysts, the price of the Kadena coin will decline to $3.103 in one year., as the project lacks important factors required for the growth within the evergrowing market competition. According to the website’s forecast methodology, Kadena is not a suitable investment because its price is expected to fall in the next year.
- The price of the Kadena coin will drop to $3.92966 in 2022, with an average price of $3.92966.
- The minimum price of Kadena Coin in 2026, or five years from now, will be $10.68.
- A study appears to concur with this upward trend, projecting that the cryptocurrency’s price would rise to $18.63 in the next five years.
Is It Wise To Invest In Kadena?
The Kadena coin appears to land in a neutral spot, with two good and two negative predictions. Because cryptocurrency forecasts are incredibly difficult to make and there’s a good chance they won’t pan out, investors should make any decisions at their own risk and after thoroughly researching the market. Kadena Coin, on the other hand, is not a viable investment for individuals hoping to make quick money because its value is expected to plummet. In the long run, however, it is expected to function well. Stay tuned for more information on cryptocurrency prices and news.