Bitcoin Forum

I've been seeing some of the new miners coming out for kadena selling for upwards of $40k for a miner with profitability (now while no miners exist) extremely high.  This is all based on prices staying high (which I believe we are in a bear market).  Just wondering if anyone on the board has any good insight into kadena and it's future.

I've become curious about that and began checking that coin. I see that there's hype on that coin last November and it reached its All-Time High at $27. Two months later which is roughly today, the bottom price plays at $9-$10. Seeing that kind of price movement within just 2 months, it's fair to assume that the growth was just pure hype last year.

Looking at the daily volume and the fact that it's listed on Kucoin, I see that this coin can reach again a good price once everything is now bullish. Thanks for bumping it here, I will put that coin on my portfolio.

Kadena is the only layer 1 PoW blockchain that is scalable together with Pact, the safest smart contract language. In addition, Kadena claims to be able to process up to 480,000 transactions per second (TPS) thanks to the use of braided chains. And this has surpassed Solana which is able to process up to 65,000 transactions per second. This token has also been traded on OKEx, KuCoin, Gate.io, Hotbit, and BKEX. With this achievement, many investors will definitely take a look at it.

I read from someone's writing that this Kadena coin is not suitable for investing.
they say the price of the Kadena coin will drop to $3,92966 by 2022, with an average price of $3,92966.

Investors should make choices at their own risk and after thoroughly researching the market.

In addition, the first gas free Dex will be launched soon on kadena blockchain.

https://www.kaddex.com/

They claim will be fully put to text when they have encountered huge traffic on their network then it will be clear it actually the network can process up to 480,00 transaction per seconds or not, sol was put to text and we see what happened, recently bsc was struggling same thing with polygon network, until kadena I'd put to such real text the claim will remain only a claim.

I suppose you are right. Everybody can claim any number. I do believe however that the Kadena project is not a scam. They do have partners with big names and I think Kadena can be successful blockchain protocol in the near future. If it can gain some real use like other 1st layer platforms it's price can easily go 10x. The demand for more platforms is here, as the existing ones (ETH) are too expensive currently.

Thanks for all the input here.  Honestly I've never even heard of it until I was looking through some miners that are coming out.  Is there any other coin that is driven by the same algorithm that kadena uses?  If not I'm gonna tread lightly on buying any miners for it, just to risky when you are stuck with only one coin that your hardware will mine.  Anyone know?

Hm yea it seems you are right. Kadena miners are not listed for any other currency. (see also: https://www.f2pool.com/miners (https://www.f2pool.com/miners))
I also see this with mixed feelings, one the one hand there is no real threat of a 51% attack (or similar) but on the other hand miners might be repelled to join the ecosystem if they can't use their hardware for anything else. I guess we'll have to wait and see whether Kadena (or its mining algo) becomes a success and whether there'll be copycats or if it will die out.

Kadena is a good layer1 solution and listed on many prominent exchanges which reflects its acceptability in the market but when I  I analyze it technically, its prices has dropped more than 60% from its ATH  and continuously falling which is worry some for its long term investors. If doesn't bounces back from its current price then it might fall further to $6.

KATENA is an emerging crypto based on the blockchain of ETH. It is an emerging coin that is in demand due to its low transaction fee in trading. It also has a fast network that can process more than 480,000 transactions per second, which gives it a great advantage. Its value, which is currently $7.25, can rise to $15 at any time.