Finding 10x altcoins is definitely a key element to any crypto trader’s MO (it certainly should be). In my search for altcoins with exponential potential, I’m going to share my findings in a series here. Please jump in and use the information shared, and share with me anything valuable you’ve come across, or comments on the projects mentioned.
This week I’m looking at Kadena (KDA).
At this stage (time of writing) the altcoin is ranked 2153 on CoinMarketCap, and is currently valued at $0.252248. The coin is currently traded on 4 exchanges: Bittrex, Hotbit, CoinEx and Hoo.com. Based on my findings (explained below), this coin is super undervalued, and a strong candidate for both a swing trade and long term hold option. Let’s get into it.
What is KadenaKadena is a highly-scalable solution for blockchain application development. The platform to date has created a 500 node blockchain, as well as an accompanying interface, and an accessible smart contract language. The permissioned blockchain can handle 8,000 transactions per second, which compared to other app development blockchains is impressive. Ethereum can process roughly 9000 transactions per second, while EOS can do 1000.
The mainnet was launched in 2020, and their Q3/Q4 roadmap is being released in the coming weeks. This ERC-20 coin is showing positive signs for adoption and growth.
Kadena’s LeadershipThis for me was the green flag: the founders of Kadena met working (in leadership positions) at JP Morgan’s Blockchain Centre of Excellence. Stuart Popejoy was the Director of the centre, while Will Martino was Lead Engineer (and previously worked in security at the SEC). Talk about a power team. Their insights into the blockchain industry, and regulations especially, are key factors in where this project could be headed.
In my opinion, this is the perfect coin for active traders looking for long term holds. I look forward to keeping an eye on it, and seeing what they make of this impressive technology in the future.
Disclaimer: This is off the Kadena Token Spotlight by Provisn - you can read A LOT more information there if if you're subscribed, free lifetime memberships at the moment, no payment details required.
https://provisn.com/member/token_spotlight/60/.
Provisn’s recent 3,327% gains (115.5% avg) here:
https://medium.com/@provisn/provisn-signal-call-results-q1-4-11-7-11-3-327-gains-c9e5cb973691This is definitely advertising shilling. As what I have assessed the way you share this content, it seems that you are "paid to indirectly advertise" by the company and in the wrong section. There's no way a person can spend time and effort writing this "kind of content" without getting paid or compensated by the team.
Maybe this is one of your weekly assignments. And the title is purely clickbaiting stuff. No offense, this is just my opinion.