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Kadena Price Climbs Back Up Due to Upcoming Developments

Kadena Price Climbs Back Up Due to Upcoming Developments

Aaron S. Editor-In-Chief
Written by Aaron S.,
Editor-In-Chief

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Last Updated: December 27, 2021

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Kadena Price Climbs Back Up Due to Upcoming Developments

Following the news on upcoming Kadena Account Protocols, prices of KDA jumped straight to the top with over a 40% increase just from last week.

KDA, which is regarded as a potential competitor to ETH, managed to score the 5th spot in the top 100 best-performing coins by market cap over the course of the week, alongside being the 60th most valuable cryptocurrency on the market.

This swift surge of price and performance was primarily due to Kadena’s announcement on Twitter regarding the KIP-0014 update which will have two new account protocols - Guard and Rotatable. Likewise, with this update, Kadena will be bringing in staking support, and a clean, new look for the website.

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What initially put Kadena on track was that it was created by ex-employees of JPMorgan @SirLensALot and @_wjmartino_who were part of its blockchain development crew. Not only that, Kadena’s Layer 1 PoW blockchain, which is one of the most secure smart contract languages in blockchain development, is said to handle 480k transactions per second.

At the moment of writing this article, the price of KDA sits at $16.09, just above NEAR Protocol and PancakeSwap coins, without any major fluctuations, and a total volume of $136,538,176 over the last 24 hours. 

Aaron S. Editor-In-Chief
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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