Kadena Coin Price Prediction: Why is KDA Crypto price going up? Check details

Kena Coin is currently floating above $6 mark. In last 24 hours, its value has risen more than 58%, touching a 24-hour high value of $6.87. Along with that, its current market cap is above $930 million and fully diluted market cap is above $6 billion. Due to rise in value, its tring volume has risen over 400% in less than 24 hours to more than $55 million. According to Coin Market Cap, re are more than 153 million Kena coins in circulation at moment.  

It looks like coin has benefited from recent cryptocurrency rally wherein largest cryptocurrencies in world was tred close to ir all-time high, including Bitcoin, Ereum and more. two-month track record of Kena coin is impressive for investors. On September 01, 2021, cryptocurrency was valued at $0.8155. On September 20, 2021, opening price of coin was $2.26. While it surged above that, opening price was recorded to be $2.07 on October 10, 2021. However, on October 21, cryptocurrency opened at $2.76 and touched $4 mark. 

Kena Coin price prediction

• According to WalletInvestor.com,  price of Kena coin is going to drop in one year, as low as $3.103. website mentions that according to ir forecast system, Kena is not a good option for investing money as its price is likely to drop in one year.
• Coinarbitragebot.com, price of Kena coin will fall down to in 2022, average price of coin mentioned as $3.92966.
• According to PricePrediction.net,  minimum price of Kena Coin will be $10.68 in 2026, i.e. in a period of five years from now.
• Digitalcoinprice.com seems to agree with this surge, predicting that price of cryptocurrency will go up to $18.63 in next five years.

Is Kena a good investment? 

With two positive and two negative predictions, Kena coin seems to land in a neutral place. Since cryptocurrency predictions are extremely difficult and re is a great chance that y might not turn out to be true, investors shall take all decisions at sole discretion and after carefully analysing market. That being said, Kena Coin is not a good investment for those who are looking to book profits in a short time as its value is predicted to fall down. However, it is predicted to perform well in long term. Stay tuned for more updates about crypto prices and news.