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- Kadena is among the projects which has gained rewards from its one step ahead method for development in spite of vulnerability in broader crypto sector.
- 3 prime reasons for this growth for Kadena involve getting listed on an exchange, releasing of its initial DEX, and its roadmap.
- As this article was being written, Kadena (KDA) was trading at a market value of $7.0046.
Kadena Leaping High
In bear and bull markets, mantra for crypto projects which are concentrated on long run viability is “keep developing.”
Kadena (KDA) is among the projects which has earned rewards through its ambitious approach towards development in spite of vulnerability in broader cryptocurrency sector, and L1 PoW blockchain protocol has witnessed a revert back in value recently.
As per the data, Kadena (KDA) value grew by 40%, surging from $5.94 to $8.28 alongside a spike of 250% in its sales volume in previous 24 hours.
This spike emerged due to 3 pillars, its listing on Binance, release of its initial DEX on Kadena network, and future roadmap strategies involving release of wrapped conventional tokens and NFT standard.
The Exchange Listing
Most prominent booster for Kadena was its listing on crypto exchange Binance.
Following this declaration, the sales volume escalated from an average of $38 Million to $325 Million. KuCoin, another cryptocurrency exchange also witnessed a surging trade volume of $117.4 Million before this listing.
Latest Projects Rolled Out On Kadena
2nd development putting a booster in KDA price was releasing of fresh protocols on KDA network, involving Kaddex, its initial DEX in this ecosystem, offering gas free trading.
Kaddex also declared a unification with Simplex, which will escort fiat on-ramp into evolving DeFi ecosystem.
Some of the other projects released recently and collaborated with Kadena are ZoidPay, a cryptocurrency liquidity provider, and Hypercent Launchpad, a project facilitating release of validated projects on Kadena network.
Future Roadmap Developments May Ride Bulls
Another factor assisting in gaining traction Kadena is its roadmap objectives that involve release of an indigenous NFT standard known as Marmalade.
Other noteworthy developments being worked on Kadena roadmap involves release of wrapped indigenous tokens such as kUSD, kBTC, and kETH, a fueling factor for additional international and US exchanges listings, development of a lending project framework, and release of a viable mining initiative.
Devs behind project have some release strategies regarding for testnet for Kadena EVM bridge and a Kadena to Cosmos bridge which will facilitate interoperability with other well-liked blockchain networks.
As this article was being written, Kadena (KDA) was standing at a market value of 7.0046, with its trading volume bullish by 250% in previous 24 hours.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
