Tag: Kda

New Ethereum Competitor Surpasses $2,000,000,000 Market Cap As Layer-1 Altcoins Show Strength

by Dailyhodl

An under-the-radar altcoin is bouncing back faster than Bitcoin (BTC) as the crypto markets recover from their recent slump.

Hybrid blockchain platform Kadena (KDA) has cleared the $2 billion market cap after rallying from a weekly low of $8.78 on Monday. KDA leaped to as high as $13.50 earlier today.

Kadena was created by two former JPMorgan blockchain developers. The layer-1 protocol’s Pact software competes with Ethereum (ETH) by enabling anyone to create a smart contract.

According to the project website, Kadena’s proprietary chain architecture will help facilitate the mass adoption of blockchain technology.

“Pact is the first truly human-readable smart contract language. It lets anyone write clearly, directly and safely onto a blockchain – a true advance for automated contracts.

Pact automatically detects bugs and keeps the purpose of code clear… freeing you from the exploits you’ll face on Ethereum and other unsafe platforms.”

Kadena’s creators say that they’re also integrating the proof-of-work (PoW) consensus model that powers BTC but on a much larger scale.

“Unlike other platforms, Kadena is designed to power global financial systems. Our protocol continually scales to higher TPS (transactions per second) as more chains are added to the network.

Traditional PoW is not scalable. With its revolutionary multi-chain architecture, Kadena is the only scalable layer-1 proof-of-work platform capable of scaling to settle the 9+ million trades executed on the NYSE [New York Stock Exchange] each day.”

Other features of the Kadena platform include no-cost transactions, energy efficiency and industrial scalability.

The 75th-ranked altcoin retraced slightly from its weekly peak, but KDA remains up over 34% on the day and is trading for $12.66.

Bitcoin continues its struggle to reclaim and hold the $50,000 benchmark, and at time of writing is up 3.36% on the day to $48,180.

Meanwhile, Ethereum is up over 10% today and is priced at $4,051.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Analyst Michaël van de Poppe Updates Price Predictions for Shiba Inu, Terra and Three Additional Altcoins

by Dailyhodl

Closely followed crypto strategist and trader Michaël van de Poppe is unveiling his latest price predictions for Shiba Inu (SHIB), Terra (LUNA) and three other altcoins.

Van de Poppe tells his 486,300 Twitter followers that dog-theme meme coin Shiba Inu remains on a downtrend as it continues to print lower highs and lower lows.

“If Bitcoin isn’t going to show strength, I won’t be surprised to see some retests at $0.000043 taking place or even $0.000035.”

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Source: Van de Poppe/Twitter

Next up is decentralized finance (DeFi) payment network Terra, which Van de Poppe says is forming a bearish rising wedge structure on decreasing volume.

“The crucial level to hold is $43-$44 and otherwise, we’ll drop towards $26-$28 on this one, depending on Bitcoin. If it breaks upwards, the next target is $60-$63 based on Fibonacci [extension].”

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Source: Van de Poppe/Twitter

Another coin on the trader’s list is blockchain gaming platform Enjin Coin (ENJ). According to Van de Poppe, he’s looking at $2.67 and $2.05 as potential levels of interest.

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Source: Van de Poppe/Twitter

Van de Poppe is also keeping a close watch on hybrid blockchain Kadena (KDA), which he says has made a “giant move.” According to the crypto strategist, he’s waiting for KDA to carve a bottom at $21.22 or $15.72.

“Giving some points of interest in the chart here where I’d personally be seeking for entries.”

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Source: Van de Poppe/Twitter

The last coin on the trader’s list is high-throughput blockchain Zilliqa. According to Van de Poppe, Zilliqa must take out its immediate resistance against Bitcoin (ZIL/BTC) around 0.000002 BTC ($0.12) to ignite an epic rally.

“I’m heavily interested in the green zone here as I think that could give 300-700% returns in the next impulse move.”

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Source: Van de Poppe/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Little-Known Ethereum Competitor Soars 175% in Just Seven Days, Reaching $3,000,000,000 Market Cap

by Dailyhodl

An under-the-radar altcoin that utilizes key features from both Bitcoin and Ethereum just broke into the top 100 crypto assets by market cap.

Hybrid blockchain platform Kadena (KDA) reached a $3 billion market cap on Sunday, surging 175% in just seven days. It is now the 69th largest crypto asset by market cap, currently trading at $17.45.

Kadena was created by former JPMorgan blockchain developers Stuart Popejoy and Will Martino.

The project’s developers say they’ve built a safe and scalable way to implement smart contracts and compete with Ethereum while also utilizing the proof-of-work consensus model that was first introduced by Bitcoin.

The protocol’s Pact software is designed to allow anyone to create a smart contract.

“Pact is the first truly human-readable smart contract language. It lets anyone write clearly, directly and safely onto a blockchain – a true advance for automated contracts.

Pact automatically detects bugs and keeps the purpose of code clear… freeing you from the exploits you’ll face on Ethereum and other unsafe platforms.”

Kadena also says they’ve found a way to scale the proof-of-work consensus model that was first introduced by Bitcoin.

“Unlike other platforms, Kadena is designed to power global financial systems. Our protocol continually scales to higher TPS (Transactions Per Second) as more chains are added to the network.

With its revolutionary multi-chain architecture, Kadena is the only scalable layer-1 Proof of Work (PoW) platform capable of scaling to settle the 9+ million trades executed on the NYSE [New York Stock Exchange] each day.”

Other features of the Kadena platform include no-cost transactions, energy efficiency and industrial scalability.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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These Four Low-Cap Altcoins All Skyrocket 84% or More Within Seven Days

by Dailyhodl

Four under-the-radar altcoins are printing massive gains this week as the crypto markets continue to flash signs of bullish momentum.

One of the week’s top gainers is Kadena (KDA), a high-throughput hybrid blockchain protocol.

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CoinGecko shows that the altcoin rallied from a seven-day low of $2.77 to a new all-time high (ATH) of $8.18, marking gains of over 195% in just one week.

Kadena, which is currently the 109th-ranked altcoin, has since retraced and currently trades at $7.21.

Another red-hot altcoin as of late is Frax Share (FXS), the governance token of fractional-algorithmic stablecoin protocol Frax. The altcoin, which is currently ranked 192nd in terms of market capitalization, has jumped from a one-week low of $5.50 to a high of $15.23, which represents a move of over 176% in just seven days.

Although FXS has rallied impressively this week, the crypto asset is still down nearly 60% from its January all-time high of $28.12.

Next up is decentralized inter-galactic social gaming crypto asset UFO gaming (UFO). According to CoinGecko, UFO has shot up from a seven-day low of $0.0000068 to a fresh all-time high of $0.000014. The rally marks gains of more than 105% in just one week.

UFO’s price has corrected and is now exchanging hands at $0.000012.

Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance, also made big moves this week. CRV has climbed from a weekly low of $2.81 to a high of $5.18 to represent gains of over 84%.

Even after this week’s huge surge, CRV is still down considerably from its ATH of $54.01, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin (BTC) $ 37,730.11 0.37%
Ethereum (ETH) $ 2,051.42 1.01%
Litecoin (LTC) $ 69.43 0.86%
Bitcoin Cash (BCH) $ 221.52 0.79%