Bitcoin is the largest cryptocurrency in the world, thanks to its market capitalization. On the other hand, Kadena is one of the new cryptocurrencies gracing the game with some great growth and moves. However, are there any similarities and differences between Kadena and Bitcoin?
Both Kadena and Bitcoin have decentralized ledger systems known as a blockchain as their storage. When the cryptocurrencies are here, you can keep track of the currencies and also be in a position to record any transaction that takes place. The good thing is, anyone can see the transactions in real-time.
Since these two have public blockchains, everyone can easily access them, and it is also difficult to tamper with the transactions, fake or even reverse them. Another great thing with blockchains in both cryptocurrencies is the fact that they are decentralized. This makes it difficult for any authority or organization to have control over them.
Bitcoin has been in the cryptocurrency industry for a very long time and is among the leaders globally. It is well established, and its popularity is widespread across the globe. Nonetheless, many investors find it easy to trade with the platform. Kadena, on the other hand, is a newbie in the game. This makes it more difficult for investors as the risks they can incur in this volatile industry are more.
Importantly, it is good to note that Bitcoin set the safety standards for other cryptocurrencies. It is, therefore, not a surprise to see others in the game live up to them. Kadena promises to offer security that is similar to that of Bitcoin. Nonetheless, it strives to ensure that the users are safe while using its platform. Thus, it seems as if Bitcoin sets the pace for others to follow.
Kadena Vs Bitcoin; Which is a Better Investment?
As a crypto enthusiast, you might be wondering where you can invest in. This might be a difficult choice to make. Therefore, if you want to be an investor, doing a series of research on these cryptocurrencies can help make work easier. Also, knowing the price of each and its prediction can be beneficial too.
Investing in cryptocurrency is risky, and it becomes worse when you do so in a new coin. This means that whoever trades with a more established cryptocurrency like Bitcoin can be in a fairer position than one with newer crypto, such as Kadena.
Additionally, it is estimated that within a year, there are high chances that the price of Kadena will fall. With such a forecast, you might not consider it a good investment. How about Bitcoin? According to experts, the average prediction about Bitcoin is that it will increase in value within the next year.
Before you invest in any cryptocurrency, always keep in mind that the market is highly volatile. You can have the values so high at one time while the next minute, they might unnoticeably make a full swing. Therefore, whether you decide to invest in Kadena or Bitcoin, keep in mind that both of them have their own share of risks.