Market Analysis: Kadena Current State

Let's talk about Kadena for a moment. I've pulled together some key metrics that paint an interesting picture.

📈 Current Price Action

The price sits at $0.01 right now, with 0.51% movement in the last 24 hours. The weekly trend has been fairly sideways, suggesting consolidation.

Kadena price movement over the last 7 days

💰 Market Metrics

Market cap stands at $2.67M, placing it at rank #2126. With $30.80K in 24h volume, we're looking at healthy trading.

Metric	Value
Current Price	$0.01
24h Change	+0.51%
7d Change	-3.97%
30d Change	-13.35%
Market Cap	$2.67M
24h Volume	$30.80K
Market Rank	#2126

🪙 Supply Dynamics

There are $338.59M coins in circulation out of a maximum supply of $1.00B (33.86% circulating). A significant portion is still locked, which could affect future supply dynamics.

📊 Historical Context

The all-time high was $27.64, and we're currently 99.97% below that level. The all-time low sits at $0.01, which means we're 12.71% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

Looking at the underlying metrics, Kadena is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.

Remember, higher volatility means higher risk. Position sizing is crucial.

🎯 Final Thoughts

So that's my analysis of Kadena. The data presents an interesting picture, and I think it's worth keeping on your watchlist. What's your take on this project?

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This is not financial advice. Always do your own research before making investment decisions.