- Bullish KDA price prediction 2021 is up to $150
- KDA seeks to solve the problem of BTC and ETH
This Kadena (KDA) price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this KDA price prediction.
The crypto market has seen to be regaining its composure from its bearish dip in the past months. The recent surge of Bitcoin is one of the factors that contributed to the rise of the crypto market. However, Bitcoin cannot do this alone without the help of other cryptos. Kadena (KDA) is one of the crypto assets that contribute well to the recent market surge.
Kadena (KDA) is a digital asset in the crypto network that uses blockchain technology. It aims to solve the challenges that the leading crypto network faces nowadays. For instance, the scaling problems of Bitcoin and the scaling issues of Ethereum. These problems are just some of the things that Kadena seeks to address using its technology.
Do you think Kadena is a good investment and has the potential to surge higher before this year ends? Therefore, what are you waiting for? Join me in this KDA price prediction article to know the future of KDA. But, before that, let us first see the technology behind the KDA crypto.
Kadena (KDA) Overview (At the time of writing)
What is Kadena (KDA)
Kadena is one of the digital assets in the crypto world that seeks to spread the use of blockchain widely to everyone. Its network provides the security of Bitcoin, unparalleled throughput, virtual free gas, and smarter contracts.
The Kadena network is also designed to be efficient when it comes to energy consumption. In this way, users and investors of the network can be sure that the Kadena platform will not have any environmental issues.
Furthermore, the Kadena network was created to power the global financial system. In particular, KDA’s protocol continues to scale higher TPS as more chains are added to the network. Through this, we can expect that transactions in the network can be done seamlessly without any interruptions.
Kadena (KDA) Market Position
At the time of writing, the market capitalization of Kadena amounts to almost $952,843,660. This huge market cap positions the crypto as one of the top 150 cryptos in CoinGecko.
In addition, KDA has a 24-hour trading volume of almost $17 million. Indeed, these numbers that the crypto has successfully achieved catch the attention of investors worldwide. And, if the network could continue to invite more investors, there is a chance that the price of KDA would surge more.
However, this position of the crypto is not permanent and can change anytime. This is due to the market volatility inside the crypto market. In other words, KDA prices can go down and go up depending on the market behavior.
Kadena Price Prediction 2021
October is one of the months in the year where the crypto space has witnessed tremendous bullish activities. Kadena is one of those cryptos that continues to deliver great results, making its community jump for joy. Do you think Kadena can keep its bullish position in the future? Let’s check the chart in this Kadena (KDA) Price Prediction 2021.
Based on the chart above, we can see that the Kadena crypto continues to show bullish signals. Interestingly, the crypto positions itself above the Fibonacci level of .23, an uptrend position. This position allows Kadena to have a trading price above $7, which is almost near to the high price of $8.2.
The trading price of $8.2 is the result of the aggressive movement made by Kadena to pull itself away from the bearish territory. Furthermore, this event successfully recorded a growth rate of over +1000% from September to October this year. Indeed, this performance of the crypto attracts the attention of investors around the world.
If the crypto will be able to pump its price once again to over +1000%, there is a big chance that the crypto might reach the skyrocketing price of $150 per crypto in the near future. Best of all, it may have the chance to happen on or before the year ends. But, of course, this will be possible if the network keeps increasing its investor and community.
Meanwhile, the Relative Strength Index (RSI) of the crypto is already over level 70. In short, KDA is already overbought. This means that traders must proceed with caution while trading to avoid unexpected price reversal. On the other hand, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Kadena (KDA) continues to be one of the aggressive digital assets in the crypto space. Therefore, the conclusion for the KDA price prediction in 2021 amounts to $150. However, this forecast still depends on how the market will treat KDA in the next month of the year.
Aside from our KDA price prediction 2021, we will also share some of the forecasts other crypto analysis platforms make.
Market Prediction for Kadena Price 2021
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for KDA amounts to $8.63.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for KDA price prediction 2021 will reach the price of $9.77249.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for KDA amounts to $10.8.
Market Prediction for KDA Price 2022, 2023, 2024 and 2025
Kadena (KDA) price prediction 2022 is up to $11.6 USD (estimated)
Kadena (KDA) price prediction 2023 is up to $18.03 USD (estimated)
Kadena (KDA) price prediction 2024 is up to $17.53 USD (estimated)
Kadena (KDA) price prediction 2025 is up to $23.76 USD (estimated)
Kadena is one of the most aggressive digital assets in the crypto space. In fact, in a matter of a few months, the crypto was able to pull its trading position from $1 to over $5 per crypto. Hence, we can say that KDA is a good investment. However, we still advise you to do your own research before getting involved in crypto assets.
The price of the KDA depends on the current condition of the crypto market and its network. If both are doing great, there is a big chance that KDA’s price could increase.
The crypto market is very unpredictable due to its high volatility characteristics. This is one reason why sometimes the price of KDA goes down. But, of course, there are also other factors that affect the price decline of KDA, such as massive whale dumping.
The KDA crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the KuCoin exchange, one of the famous crypto exchanges that support KDA crypto.
Yes, KDA is a crypto that uses blockchain technology.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.