Kadena’s crypto (KDA), one of the leading Proof of Work tokens, just exploded onto the scene with a jaw-dropping 30% leap in a day.
The catalyst? Binance, the number one international crypto exchange, revealed Kadena futures trading, setting off a whirlwind of investor excitement and boosting KDA’s market prestige.
Binance’s Strategic Move: Listing Kadena Futures
Monday marked Binance’s unveiling of KDA futures, with trading on the KDA/USDT contract starting at 13:00 UTC. Traders now have the chance to leverage their bets up to 75 times. This move was designed to “expand the list of trading choices offered on the exchange and enhance users’ trading experience.”
“In an official Binance announcement dated September 18, the CEX revealed that it is listing the KDAUSDT USD-Margined perpetual contract today at 13:00 UTC,” Binance posted.
With Kadena futures sporting a tick size of 0.0001 and a funding cap of +/-2.00%, Binance is shaking up the trading scene, showcasing its dedication to offer diverse options. However, the exchange warns that market volatility could lead to tweaks in fees, leverage, and margin parameters.
Impact on Kadena Crypto’s Market Performance
KDA
Price
Trading volume in 24h
Last 7d price movement
surged after Binance’s bombshell, climbing 29.59% in just a day to hit $0.6527.
(Source)
The frenzy saw prices swing from $0.5018 to $0.6757, reflecting the token’s volatile allure. Currently, KDA holds strong at $0.6394, marking its impressive ascent.
On the high-time frame, KDA price is pushing to the upside of a localized bullish pendant pattern, which could see a breakout soon amid a wider risk-on return to the upside across the crypto market.
In this instance, KDA price will likely target an upside move to the $0.83 price level, where historical support has converged for an alluring target with the 200DMA.
Pepe Unchained, The Next Token To Have A Big Explosion After Kadena?
A new meme coin is shaking up the crypto scene just as Kadena is to other Proof of Work chains. Meet Pepe Unchained (PEPU), a layer-2 meme coin that has already raised $13.6M and is now speeding toward the $15M milestone.
Pepe Unchained shatters the mold of Pepe knockoffs, delivering blisteringly fast and affordable transactions on its bespoke blockchain, claiming to outpace Ethereum by 100-fold with a layer-2 scaling solution.
Their latest site update reveals “Pepe Frens With Benefits,” a scheme to fuel community innovation on their Layer 2 blockchain via development grants. The grant window opens in Q4 2024, and translations are on the way.
We're making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!
The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN
— Pepe Unchained (@pepe_unchained) September 18, 2024
With 8 billion tokens in play, PEPU earmarks 20% for early birds and 30% for staking, touting dizzying annual yields of 4,800%. Another 20% fuels aggressive marketing, hinting at serious, sustained ambitions.
Watch closely — Pepe Unchained (PEPU) could upend the meme coin landscape with genuine utility and become the next gem to 1000x.
EXPLORE: Binance Saw 40% Surge In Institutional, Corporate Investors :CEO Teng
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
