Kadena was always one of the promising yet undervalued Layer1. Their ecosystem is young, yet as they are using Proof of Work consensus, they are one of the few left PoW blockchain that support smart-contracts.
In term of price, $KDA was sitting at their support, ranging from $1.3 to $1.6 in the last 3 months. Now it's time for $KDA to boom or bust. Their valuation is fairly low (under $300M) compare to other layer1s, especially with their sharp competitive edge in the coming years.
In the long term view, Kadena valuation should be at least close to $800M - $1B market cap, with $KDA price ranging from $5 - $6. If there is a good market rally, $KDA price could hit $10, but that's unlikely to happen in the current bear market context.
However, $KDA still a good gem to buy. We've filled our position at around $1.3 - $1.45. Will buy more at $0.8 - $1.05 zone if we have the chance.
Buyzone 1: $1.3 - $1.45
Buyzone 2: $0.8 - $1.05.
Cutlosses: As a long term investor, we will cut our losses if the team abandon their project or a heavy exploit occur. Traders should manage to cut-loss if they loss more than 30% of their position.
Target: $3.8 -> $5 -> $8
In term of price, $KDA was sitting at their support, ranging from $1.3 to $1.6 in the last 3 months. Now it's time for $KDA to boom or bust. Their valuation is fairly low (under $300M) compare to other layer1s, especially with their sharp competitive edge in the coming years.
In the long term view, Kadena valuation should be at least close to $800M - $1B market cap, with $KDA price ranging from $5 - $6. If there is a good market rally, $KDA price could hit $10, but that's unlikely to happen in the current bear market context.
However, $KDA still a good gem to buy. We've filled our position at around $1.3 - $1.45. Will buy more at $0.8 - $1.05 zone if we have the chance.
Buyzone 1: $1.3 - $1.45
Buyzone 2: $0.8 - $1.05.
Cutlosses: As a long term investor, we will cut our losses if the team abandon their project or a heavy exploit occur. Traders should manage to cut-loss if they loss more than 30% of their position.
Target: $3.8 -> $5 -> $8
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Visit our website for more educational content.
Join our Telegram Trading Channel:
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