Kadena has surfaced as a promising player in the evolving space of cryptocurrencies. It offers a unique mixture of scalability, efficiency, and security. Kadena was launched in 2016 by former JP Morgan blockchain experts Will Martino and Stuart Popejoy.
It aims to solve the most concerning and important issues faced by blockchain technologies in today’s time. Kadena is a hybrid blockchain platform meaning that it combines a public blockchain with a private network.
This unique approach allows it to provide the best of both worlds – accessibility of public blockchains and transparency along with privacy and control of private networks.
By using a proprietary consensus mechanism called Chainweb this cryptocurrency claims to achieve different levels of scalability without compromising on security.
What is Kadena(KDA)?
KDA is the native token of the Kadena network used for multiple purposes, especially for all the transactions:
- Users use KDA to pay for the computational resources on the public chain of Kadena.
- Token miners get KDA as compensation for validating their transactions and securing the network as well.
- KDA token is also used for powering smart contracts and decentralized apps on the Kadena network.
- Token holders have the power to say in network governance discussions and participate in them.
How does Kadena work?
Kadena’s USP is its chainweb mechanism. It is a braided consensus that allows high transaction throughput without any need to sacrifice security. Here is how this whole mechanism works:
- Instead of one single chain, Kadena utilized several different chains that work in parallel.
- The Blockchains are braided together meaning that they share security and can work with each other efficiently.
- If the demand increases more chains can be added to the network.
- Kadena also uses a small human-readable smart contract language known as a pact. This is used for safety.
Tokenomics of KDA
Here are the tokenomics of KDA:
Market cap: $16.17 M
Circulating: 16.11 M
FDV: $1.00B
Total supply: 1.00 B
Public sale: 30.00 B
Private sale: 5.00 B
- Miners: 70%
- Platform: 20%
- Other: 5.67%
- Strategic allocations: 2.33%
- Coin list option A: 2%
Price prediction of Kadena ( KDA ) from 2024-2030
Take a look at the price prediction of Kadena ( KDA ). However, keep in mind that these price predictions are not definite. They are based on market and price changes.
The cryptocurrency market is very volatile meaning the prices of cryptocurrency can change anytime. So, do not depend on these price predictions, do your research and then only invest.
Price prediction of Kadena for 2024
| Year | Potential low | Average | Potential High |
| 2024 | $0.41 | $0.805 | $1.20 |
Price prediction of Kadena for 2025
| Year | Potential low | Average | Potential High |
| 2025 | $1.80 | $2.15 | $2.50 |
Price prediction of Kadena for 2026
| Year | Potential low | Average | Potential High |
| 2026 | $2.10 | $2.50 | $2.00 |
| 2027 | $2.50 | $3.00 | $3.50 |
| 2028 | $3.50 | $4.50 | $5.50 |
| 2029 | $5.00 | $6.50 | $8.00 |
| 2030 | $6.00 | $7.00 | $8.00 |
How to buy Kadena?
If you want to buy Kadena then simply follow these steps:
- Search and select a crypto exchange platform. Make sure you check its gas fee and user interface before finalizing.
- Once you have chosen the platform sign up and create your account on it. Enter your details carefully and also finish the security verification processes.
- Add funds to your account with fiat money or you can also add any other cryptocurrency like Ethereum.
- Then on the exchange platform only navigate to the trading pair section and search for the KDA trading pair. Once found fill in the amount of tokens you want and place an order.
- After you get the tokens transfer them to a safe wallet.
Where to buy Kadena tokens?
Many trusted crypto exchange platforms list Kadena tokens. Some of them are:
- Gate.io
- Binance
- Kucoin
- Bittrex
- CoinEx
Should you invest in Kadena?
The Kadena cryptocurrency’s price predictions indicate that it can be a good investment for the long term. It is also backed by an expert team and has several features as well.
The KDA tokens have strong fundamentals which can further advance if the market gets bearish. However, do your research before investing in Kardena cryptocurrencies.
