Kadena (KDA) On Fire Surging Over 46% In A Day

Kadena (KDA) On Fire Surging Over 46% In A Day
  • Kadena (KDA) has surged over 46% in a day.
  • With 7-day statistics, KDA has bounced to 214%.
  • Wrapped Kadena (wKDA) is submitted to ethplorer.

Considering the recent uptrend of the crypto market, most of the cryptocurrencies are displaying a greenish chart. Apart from the mainstream crypto-assets, many altcoins are also experiencing a bullish run for the past few days. The growth of the crypto industry has piqued the interest of new investors and the market witnesses a rise in newbies as well. 

Significantly, early investors will undergo the confusion phase in which cryptocurrency to invest in. As the market gives plenty of crypto options to investors, it will be a difficult task to choose. Moreover, most of the crypto-tokens have the potential to give profit for their holders and their ecosystem works on advancement to offer new features to users. As a result of developments in the ecosystem, many crypto-assets shine like a star and might reach great heights. One such token is Kadena (KDA) which is on-fire surging over 46% in the last 24-hours.

Kadena’s goal is to offer a one-stop-shop for all of the resources needed to build blockchain applications. Kadena accomplishes this by addressing several of the issues that have prevented widespread blockchain use to date, including scalability, security, and ease-of-use.

Current Market Status

At the time of writing, Kadena (KDA) was trading at a price of $17.50 with a trading volume of $192,328,441 in the last 24-hours. According to Coinmarketcap, the price value of KDA has soared to 46% within a day and it holds 64th rank. The current circulating supply of KDA coins is 156,861,727. 

Trading chart of KDA

The trading chart of KDA depicts the bullish run for the past week. The price value of KDA has risen to over 46% within the last 24-hours. Additionally, with the 7-day statistics, the trading chart of KDA displays a gain of 214% which seems impeccable. Besides, KDA is available on top exchanges such as KuCoin, Hoo, Hotbit, CoinEX, and Bittrex.

Wrapped Kadena On Ethplorer

As per the recent updates, the wrapped Kadena (wKDA) submitted to Ethplorer, might be the reason for the price surge. Moreover, according to the announcement from the official Twitter account of Kadena, it mentions that the network will soon expand its bridge to other layer-1 protocols. 

However, Kadena is expanding its network by building bridges to protocols such as Terra, Polkadot, Celo, and Cosmos. Thus, users are now experiencing a sweet spot and expecting more highs. Consequently, the developments from KDA ensure that it has the potential to set up a new ATH soon.

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