Kadena set to explode. FA and accumulation period
Dear community,
thank you very much for all the material i red in the last 4 years. I think I learned a lot, i got skin in the game, lost a lot, but overall i think I can now share my thoughts with you as I am a more mature investor/trader.
As you all know cryptospace is a crazy place, but full of good opportunities if you have the right mindset and can tackle the biggest problem of all: information asymmetry. I have been an M&A lawyer and then fintech entrepreneur, so I always do appropriate due diligences on projects I like before investing. But now let's focus on KDA
From a due diligence standpoint everything is green light: great team (from JP Morgan and SEC), great partnerships (Polkadot among others), great tech (fastest PoW chain - 480 tps), great ideas. Just to name my favorite idea from Kadena team: Gas station. Gas stations are linked by developers to smart contract so that end users do not have to pay the corresponding gas; then they can refuel the gas station with the profits they made from the utilisation of the smart contract. I developed smart contracts on Ethereum with my team and trust me: this is a very big thing. And this is just the beginning.
Another important element to consider is how early investors got in. I did big mistakes in the past investing early in coins than then dumped on me, as early stage investors bought them a lot under market price (sometimes with over 90% discount) and them sold them as they were released (also think about XRP). With Kadena I am 100% that this won't happen as investors SAFTs were at 0,50 and 0,70 usd per token, and now the price is ranging between 0,135-0,15, so there is no reason to see more dump.
Another interesting point from an investor's perspective is the accumulation range of the last month. If you dig deeper and go to lower time frames you will see investors are buying in chunks when price arrives to 0,14 and up to 0,15; then the market maker dumps some more. Rinse and repeat.
Finally let's talk about potential: Kadena has a market cap of 8M and is around 600 place on marketcap. From my experience and gut feeling this project will be for sure in the top 20 market cap. Today Tron is the 20th for market cap, with an aggregate market cap of 1 billion USD. Even if we consider a reasonable worst case scenario this coin is for sure in the top 100; today at the 100th place we see BAND with a marketcap of 177M.
To wrap it up: the project has very strong fundamentals and the team has delivered always on schedule. The communication is very low volume and there is a lot of room for hype when gas stations are fully operational and their free-fee dex starts to be used. The coin is very low cap compared to what it already achieved, and in perspective it is at bargain price if compared to initial investors.
This is not financial advice and bla bla bla - even if I am a lawyer i don't like useless disclaimers.
I hope you liked my post and I will update it on a monthly basis.
If you want to donate - for whatever reason (I am a very nice guy!) this is my KAD wallet:
369cfdea7aa605df68d5154f1cf63594fd39c2a3661902b1c2d49e474daecf47
thank you very much for all the material i red in the last 4 years. I think I learned a lot, i got skin in the game, lost a lot, but overall i think I can now share my thoughts with you as I am a more mature investor/trader.
As you all know cryptospace is a crazy place, but full of good opportunities if you have the right mindset and can tackle the biggest problem of all: information asymmetry. I have been an M&A lawyer and then fintech entrepreneur, so I always do appropriate due diligences on projects I like before investing. But now let's focus on KDA
From a due diligence standpoint everything is green light: great team (from JP Morgan and SEC), great partnerships (Polkadot among others), great tech (fastest PoW chain - 480 tps), great ideas. Just to name my favorite idea from Kadena team: Gas station. Gas stations are linked by developers to smart contract so that end users do not have to pay the corresponding gas; then they can refuel the gas station with the profits they made from the utilisation of the smart contract. I developed smart contracts on Ethereum with my team and trust me: this is a very big thing. And this is just the beginning.
Another important element to consider is how early investors got in. I did big mistakes in the past investing early in coins than then dumped on me, as early stage investors bought them a lot under market price (sometimes with over 90% discount) and them sold them as they were released (also think about XRP). With Kadena I am 100% that this won't happen as investors SAFTs were at 0,50 and 0,70 usd per token, and now the price is ranging between 0,135-0,15, so there is no reason to see more dump.
Another interesting point from an investor's perspective is the accumulation range of the last month. If you dig deeper and go to lower time frames you will see investors are buying in chunks when price arrives to 0,14 and up to 0,15; then the market maker dumps some more. Rinse and repeat.
Finally let's talk about potential: Kadena has a market cap of 8M and is around 600 place on marketcap. From my experience and gut feeling this project will be for sure in the top 20 market cap. Today Tron is the 20th for market cap, with an aggregate market cap of 1 billion USD. Even if we consider a reasonable worst case scenario this coin is for sure in the top 100; today at the 100th place we see BAND with a marketcap of 177M.
To wrap it up: the project has very strong fundamentals and the team has delivered always on schedule. The communication is very low volume and there is a lot of room for hype when gas stations are fully operational and their free-fee dex starts to be used. The coin is very low cap compared to what it already achieved, and in perspective it is at bargain price if compared to initial investors.
This is not financial advice and bla bla bla - even if I am a lawyer i don't like useless disclaimers.
I hope you liked my post and I will update it on a monthly basis.
If you want to donate - for whatever reason (I am a very nice guy!) this is my KAD wallet:
369cfdea7aa605df68d5154f1cf63594fd39c2a3661902b1c2d49e474daecf47
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