Kadena Coin Spikes 10% Despite the Crypto Market Experiencing a Bloodbath

Vinod Dsouza
kadena coin
Source: Coingecko

Kadena Coin (KDC) topped the crypto market charts and is up in double digits despite the market crash. While every other coin including Bitcoin was down -15%, KDC remained stable and spiked +10% in the days trade.

KDC is among a handful of coins that traded in green while the market saw a bloodbath today. The coin is now settled to over +8% in the 24-hours day trade.

Kadena is a little known gem that has delivered all the desired results to its investors. Not many have placed their bets on KDC and those that who have, gained enormous profits from its stellar rise.

During the last week of October 2021, the coin was trading at $6. In just a span of two weeks, KDC spiked to $25 in mid-November. That’s a straight 400% jump in less than 16-trading days.

The coin touched its all time high of $27.64 on November 11, but is now down -34.9% from its ATH. The dip is seen as a buying opportunity among investors who believe the next bull run will bring better fortunes. Also, investors believe that it could reach another new ATH in the coming weeks and glide past its current ATH.


Kadena Coin: The Ethereum Killer

Kadena Coin is in league with Ethereum as its main competitor and touts itself as the ‘Ethereum killer’. The phrase is similar to Shiba Inu’s tagline the ‘Dogecoin killer’. While SHIB managed to stay true to its tagline, we’ll have to wait and watch if KDC can pull off a similar feat as SHIB did to Doge.

Nonetheless, KDC is shooting up without creating noise and silently rewarding investors with good returns. When KDC reaches the mainstream audience sometime in the future, its price could soar and reach new all time highs.

What is Kadena Coin (KDC)

KDC is a blockchain project that enables developers to build quality decentralized applications on its platform. It also runs smart contract features and its language is called Pact.

In addition, KDC runs on Kuro, it has a layer-2 blockchain that supports 8,000 transactions per second. KDC is faster than Ethereum, which runs less than 20 TPS and Solana, which runs only 2,000 TPS.

At the time of publishing, Kadena Coin was trading at $17.31 and is down -2.9% in the 24-hours day trade. The coin has spiked +7,636.2% in 365-trading days and is up +153.4% since last month. KDC remains bullish and investors can make good use when the coin dips as it can deliver good results in the long run.