Crypto analysts are at a crossroads regarding the current KDA crypto price prediction. In fact, Kadena has dropped significantly throughout 2022. And this correlates with the rest of the crypto market right now.
Cryptocurrency prices are falling due to extreme volatility and market uncertainty. The United States is facing a recession, high inflation rates, recurring concerns about COVID-19, 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 recession. And investors have to make tough decisions to protect their portfolios. Is now the time to invest when prices are low? And how will Kadena fare in the future? Let’s take a closer look at this popular cryptocurrency and its outlook for the future.
KDA Crypto Price Prediction and Expectations
Experts are struggling to provide more information on the KDA crypto price prediction. In general, this is because forecasts are everywhere. Some experts believe that it will be years before Kadena recovers its value, which reached an all-time high of $28.25 in 2021. Other models suggest that the KDA coin will explode once the market recovers.
However, 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 some increases, it has had a fairly steady decline since November 2021. Specifically, it is down more than 90% from its all-time high.
However, not all the news is bad. Kadena is recovering right now and is up over 20% in the last 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 KDA crypto price prediction as 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 technology lead for the Securities and Exchange Commission (SECOND) Cryptocurrency Steering Committee. Together, they created the first JP Morgan blockchain, which is now known as JPM Coin.
Since its founding, Kadena has raised millions of dollars to build a scalable and easy-to-develop blockchain. Furthermore, 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 crypto giant Bitcoin.
By 2021, Kadena started making headlines and emerged as a real investment opportunity for crypto enthusiasts. And this was due to the unique features of its platform and its stability. Nearly all of KDA’s crypto price predictions took a “sky’s the limit” approach after Kadena surged more than 6,000% that fall.
However, the market quickly changed and Kadena took hit after hit. Once Bitcoin and Ethereum started crashing, the rest of the cryptocurrency market he did the same.
Invest in cryptocurrencies KDA
Now it seems that Kadena is back to square one. However, it has shown its potential if the market can come back stronger than before. Before making any investment decisions, remember that cryptocurrencies carry greater 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 financial and investment goals that will help you improve your portfolio during this difficult time.
You can also sign up for one of the best investment newsletters in the market. Many Wall Street crypto analysts and experts provide FREE information on the current market that can help you make better investment decisions. With an updated KDA crypto price prediction, you can determine if Kadena is the right investment for you going forward. Either way, this cryptocurrency is very promising if the market changes. You’ll want to keep a close eye on their movement for the foreseeable future.
Corey Mann is the Content Manager for Investment U. He has over 10 years of experience as a journalist and content creator. Since 2012, Corey’s work has appeared in major publications such as The Virginia Pilot, washington post, CNN, MSNBC and more. When Corey isn’t focused on Investment U, he enjoys traveling with his wife, going to Yankee games and spending time with his family.