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Wednesday, August 17, 2022
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    HomeMarketKadena (KDA) continues to rally – How is the long-term outlook in...

    Kadena (KDA) continues to rally – How is the long-term outlook in 2022?

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    After seeing some important bear stress firstly of the yr, Kadena (KDA) has been rallying. The coin is in reality method up from its 2022 lows and appears poised to proceed on this upward pattern within the close to time period. However how is the long-term outlook in 2022? Listed below are some highlights:

    • Kadena (KDA) has surged by over 15% during the last 24 hours, buying and selling at $7.13 at press time.

    • The token can be up 62% from its lowest value recorded in 2022, suggesting it’s totally rebounding.

    • Regardless of this, KDA nonetheless stays decrease than its 25- and 50-day shifting averages and down 75% from its ATH.

    Information Supply: Tradingview 

    Kadena (KDA) – Outlook in 2022

    The current rally that Kadena (KDA) has posted is kind of spectacular. But it surely additionally comes as the broader crypto market sees some enhancements. The query is how far can the token go? Properly, some analysts see KDA hitting $15 within the first quarter of 2022. That may symbolize an upswing of over 50% from its present value. 

    However regardless of this, you will need to be aware that even with the current 24-hour rally, KDA nonetheless stays decrease from its 25- and 50-day shifting common. This exhibits weak point, and if there may be slowed sentiment out there, the coin may backside in the direction of $1 earlier than April.

    Do you have to purchase Kadena (KDA)

    Sure, it’s best to. First, the Kadena ecosystem is a promising challenge providing sooner transaction speeds. Though the chain has not managed to draw the identical form of challenge as say Ethereum or Solana, we’re nonetheless seeing some respectable incentives in the direction of builders. 

    Within the coming years, Kadena will compete with these different layer 1 chains. The truth that it has a market cap of $1.2 billion additionally suggests that there’s a lot of room to do higher sooner or later.



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