Kadena rallies after Binance listing – Can the pump last?

Kadena rallies after Binance listing – Can the pump last?
фото показано с : coinjournal.net

2022-3-12 00:41

Kadena pumps after Binance listing. 

Profit-taking has triggered a minor correction, but overall momentum is bullish.

Kadena’s core metrics as a platform blockchain are behind its strength. 

Kadena (KDA) is one of the best performers today and is currently up by over 14%. This follows news that the KDA token was now listed on Binance, the world’s largest exchange by volumes,

The Binance listing is a big deal, as it opens up Kadena to an even wider range of investors. This means higher volumes and higher demand once the money flows back into the crypto market. 

However, it is not just the Binance-driven pump that makes Kadena a worthwhile investment. Kadena is one of the lowest fees platform blockchains and can scale well. Kadena is also one of the safest platform blockchains in the market because, like Bitcoin, it runs on a Proof-of-Work algorithm. This makes it perfect for companies that want to build sophisticated financial solutions that require a high level of security. 

Interestingly, while Proof-of-Work has been getting a lot of bad rap lately due to energy consumption, Kadena does not have this problem. That’s because, in the Kadena Proof-of-Work algorithm, the cost does not increase with use. This helps it combine the safety of PoW with the efficiency that other blockchains get from Proof-of-Stake. 

This is one of the big factors contributing to Kadena’s rise in adoption and price over the past year. 

Kadena Profit-taking triggers correction.

 Source: TradingView

Hours before the Binance listing, Kadena’s price pumped hard. However, a few hours later, the price entered a correction as traders took profits in anticipation of a post-news dump. 

Bulls seem to be regaining control, though, an indicator that investors are still buying into Kadena in anticipation of even more gains. With Bitcoin now pushing back above $40k resistance, Kadena could easily retest the week’s high of $8.30. 

Summary 

Kadena pumped after the Binance listing. While the price has since dropped due to profit-taking, it seems to be stabilizing again. This indicates that the underlying demand is strong despite the price taking.

The post Kadena rallies after Binance listing – Can the pump last? appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Kadena (KDA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.4242
Капитализация $0 Rank 99999
Цена в час новости $ 0.171 (-100%)

listing binance kadena pump rallies momentum journal

Источник: coinjournal.net

listing binance → Результатов: 126


Пользователи Binance смогут проголосовать за листинг криптовалюты

Криптовалютная биржа Binance в этот четверг пригласила пользователей принять участие в четвёртом раунде голосования «Community Coin». В качестве претендентов на листинг в этот раз были выбраны COTI и VITE.

2019-12-5 17:45


CEO Binance: мы не добавляем в листинг фейковые криптопроекты

Генеральный директор криптовалютной биржи Binance Чанпэн Чжао написал на своей странице в Твиттере, что торговая площадка не будет добавлять в листинг сомнительные цифровые активы. Он также заявил, что претендовать на листинг не смогут и те криптоваплютные проекты, которые распространяют лживую информацию о бирже Binance.

2019-1-15 17:45


Binance направит все сборы за листинг на благотворительность

Японская криптовалютная биржа Binance будет направлять на благотворительные цели все сборы, которые взимает за листинг новых цифровых активов. Об этом пресс-центр торговой площадки сообщил в начале недели.

2018-10-9 08:03


Фото:

Вы всё врёте: глава Binance опроверг данные о 400 биткоинах за листинг на бирже

На прошлой неделе сооснователь платформы Blockchain Expanse Кристофер Франко заявил, что одна из крупнейших в мире бирж Binance требует 400 биткоинов или 2,47 миллиона долларов на тот момент за листинг токенов.

2018-8-15 21:45


Фото:

Сколько нужно заплатить, чтобы токен попал в листинг Binance?

В сети появилась информация о том, что популярная биржа криптовалют Binance берёт за листинг на своей платформе до 400 BTC, что составляет примерно 2,6 млн долларов.

2018-8-11 09:14


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Drops Below $100,000: The End Or Beginning Of The Crypto Bull Market?

Bitcoin, the titan of the cryptocurrency world with a market cap hovering around $1. 9 trillion, has experienced a significant downturn, dipping below the psychological threshold of $100,000. This flash dump, occurring over just three days, has left many investors and analysts questioning whether this marks the end of the current bull market or signals a healthy correction within an ongoing bullish trend.

ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.

UAE’s Bitcoin Holdings Soar To $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

UAE’s Bitcoin Holdings Soar to $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

ASIC Targets Binance Australia Over Groundbreaking Case in Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.