What is Kadena blockchain & KDA crypto price prediction

A number of blockchain networks had been competing in 2021 to assist builders construct decentralized apps.

The competitors might additional warmth up in 2022. Solana emerged as the most important rival to Ethereum final yr, which made Solana’s SOL crypto among the best performing property. Whereas Cardano, Polkadot and different excessive market cap blockchain networks often make information headlines, it’s time to look past.

One blockchain community, Kadena, is claiming to be like no different. Let’s know extra.

What’s Kadena?

Kadena permits builders to construct sensible contracts and different blockchain-based options like NFTs.

The platform was launched in 2016, and it claims to offer ‘just about free’ transactions. Kadena boasts of its sensible contract language, Pact, which it claims can weed out bugs. Pact can be utilized by builders of their early blockchain tasks because the language is alleged to be simple to undertake.

Not like most different blockchain platforms which might be rejecting the proof-of-work consensus, Kadena claims it makes use of proof-of-work to have Bitcoin-like safety for its community. Kadena can assist DeFi, exchanges, wallets and DApps.

Additionally learn: Is crypto dead & what is in store for blockchain in 2022?

Kadena crypto

Kadena has the native KDA crypto performing because the native token. KDA does for Kadena blockchain what Ether does for Ethereum community.

Customers should pay their transaction price in KDA token, the full provide of which is mounted at one billion. It’s claimed by Kadena that KDA tokens can be mined over 120 years.

KDA crypto value

KDA has a excessive market cap of practically US$930 million, which makes it one of many high 100 cryptos by market cap.

The value of KDA token is approx. 5.5 as of now, after having plunged over 10 per cent over the previous 24 hours.

Additionally learn: ‘Crypto is for virgin’ trend shines the spotlight on ‘virgin’ Bitcoins

KDA crypto value prediction

Solana, a serious Ethereum rival, rose considerably in 2021. The community is being utilized by builders to construct DApps. If Kadena blockchain can present related guarantees, KDA crypto might have a good likelihood to rise within the near-to-medium future.

Kadena crypto skilled a pointy rally in November 2021 and value peaked to nearly US$25. In 2022 to this point, Kadena has constantly misplaced worth. Value would possibly enter double-digit trajectory by the top of first quarter, however for a sustained rally, Kadena blockchain must be adopted by extra builders.

Information offered by CoinMarketCap.com

Backside line

Ethereum’s dominance in blockchain and as a number one supplier of DApps providers is beneath menace. Similar to Ethereum, all different networks have a local token used for fee of price. It’s claimed that fuel price in Ethereum is kind of excessive, and Kadena is without doubt one of the networks claiming to be very inexpensive. KDA coin has utilization inside Kadena, and the worth motion will largely be a product of demand.