3 Reasons Why Kadena (KDA) Price Went on a 500% Parabolic Frenzy 0 20

Most recently Kadena’s (KDA) price surged up to 500%. They were multiple reasons behind this surge. The first is migrating to the new Eetherum network. The second reason was opportunities available in the DeFi exchanges and the third was centralized exchanges potential. These staking opportunities have played a massive role in the surge of the Kadena (KDA) platform.

At times when Bitcoin excelled in the crypto market and was praised due to its state of the art security protocols which were also followed by other networks, at that moment of time roof-of-work (PoW) blockchain networks faced all the rage of the critics.

However, as of now, most exchanges have shifted to proof-of-stake. But Kadena, a scalable layer-one blockchain protocol, is still operating on the old PoW model.  Kadena’s officials have said that the network has the capacity to process up to 480,000 transactions per second. This is due to the use of braided chains.”

Kadena’s recent progress has been the eyeopener for many. The data revealed by Cointelegraph Markets Pro and TradingView indicated the price of Kadena surged up to   1,124% and touched the record height of  $25.94 on Nov. 7. Moreover, its 24-hour  trade volume touched the daily average of $3 million to more than $345 million. Three reasons which helped the company boost its price are moving to Ethereum network, the rollout of nonfungible token (NFT) projects and the new exchange-listed who have supported KDA staking.

However, Kadena is the newest network that has joined the DeFi brigade. As the result, the company has launched its own version of DeFi token called wKDA. This new token will operate on Etehreum 2.0 network. It will also interact with all Ethereum Virtual Machine-compatible decentralized finance (DeFi) protocols.

In order to complete this move on Etehreum 2.0,  Kadena partnered with the CoinMetro exchange.  Moreover, CoinMetro will also help Kadena a new level of token utilization for KDA.  However, most recently the top leadership of the network also announced its plans to integrate cross-chain support for other blockchain networks, such as Terra, Polkadot, Celo, and Cosmos.

However, experts on the other hand also believed that since the Kadena network has added NFT capabilities to its network its has experienced sustainable growth that’s one of the reasons that KADA has touched new heights. The addition to NFT capabilities will also enhance Kadena’s capability to support a larger number of transactions as well.  NFTs nowadays is the hottest sector, it seems that Kadena has entered the NFT landscape at the very right time. As the result, Kadena would also be able to attract a wide range of new users to its network.

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MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

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