Kadena price soars by 40% after new protocol launches and a major exchange listing

In bull and carnivore markets, the mantra for cryptocurrency projects that are focused connected semipermanent sustainability is “always beryllium building.”

Kadena (KDA) is 1 task that has earned rewards from its forward-looking attack to improvement contempt the weakness successful the wider crypto marketplace and the layer-one proof-of-work blockchain protocol has seen its terms reverse absorption recently.

Data from Cointelegraph Markets Pro and TradingView shows that the terms of KDA spiked 40% from a debased of $5.94 successful the aboriginal hours connected March 11 to a precocious of $8.28 arsenic its 24-hour trading measurement surged 784% to $325 million.

KDA/USD 4-hour chart. Source: TradingView

Three reasons for the caller terms maturation for KDA see a caller listing connected Binance, the motorboat of the archetypal decentralized speech connected the Kadena web and upcoming roadmap plans which see the motorboat of an NFT modular and wrapped autochthonal tokens.

Kadena lists connected Binance

The biggest operator of KDA was the March 11 listing connected Binance.

#Binance volition database @kadena_io $KDAhttps://t.co/b4yPmq6xu3

Following the announcement, the 24-hour trading measurement spiked from an mean $38 cardinal to $325 cardinal during trading connected Friday. KuCoin speech besides saw precocious trading volume, with $117.4 cardinal worthy successful trader occurring earlier the listing went unrecorded astatine Binance.

New projects motorboat connected the Kadena network

A 2nd improvement helping boost the terms of KDA was the motorboat of caller protocols connected the Kadena network, including Kaddex, the archetypal decentralized speech successful the project's ecosystem which offers state escaped trading.

Kaddex besides announced an integration with Simplex that volition bring a fiat onramp into the increasing decentralized concern ecosystem.

Some of the different protocols that person precocious launched and integrated with Kadena include, Hypercent Launchpad, a platofrm which facilitates the motorboat of verified projects connected Kadena, and the crypto liquidity supplier ZoidPay.

Related: Altcoin Roundup: 3 Proof-of-work protocols focused connected gathering Web 3.0

Upcoming roadmap developments could beryllium bullish

A 3rd origin helping to pull attraction to Kadena is the project’s upcoming roadmap goals which see the motorboat of of a autochthonal NFT modular called Marmalade.

Visit https://t.co/oUM5Z9649E for a database of our upcoming milestones: pic.twitter.com/KPGkLD0S6W

Other notable developments that are planned connected the Kadena roadmap see the motorboat of wrapped autochthonal tokens similar kBTC, kETH and kUSD, a propulsion for further U.S. and planetary speech listings, the improvement of lending level infrastructure and the motorboat of a sustainable mining initiative.

Developers down the task person besides announced plans to motorboat testnets for a Kadena Ethereum Virtual Machine (EVM) span arsenic good arsenic a Kadena to Cosmos span that volition facilitate interoperability with different fashionable blockchain ecosystems.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph.com. Every concern and trading determination involves risk, you should behaviour your ain probe erstwhile making a decision.