is my own work and I didn't copy it from anyone):
figures are estimates but pretty accurate and prices are in GBP (british pounds) so adjust for dollars if u need to
The current KDA market cap is £402'000'000
That means KDA market cap is
2131 x smaller than BTC
868 x smaller than ETH
20 x smaller than BCH
KDA also has a bigger total coin supply
1'000'000'000 KDA coin cap
(47.5 more coins (total) than bitcoin)
So to accurately predict the price of a Kadena token if it reaches BTC's current market cap you must divide BTC's current price by 47.5
£45'500
÷
47.5
=
£957 per KDA
This should be considered the absolute upper limit for KDA. Moon boys dreaming of a £1000+ KDA token would do well to splash themselves with a face full of cold water and re-evaluate their grasp on reality..
The price of £957 KDA is possible however, this is extremely unlikely and should be considered the absolute upper end. Let's look at a more realistic outcome in the next year or so for Kadena
Let's look at a recent success in crypto a project that KDA will be looking to disrupt and compete directly with in terms of use case: Solana.
If KDA reached Solanas market Cap of £40'250'000'000
Then it's easy to calculate as (just by chance) SOL's cap is almost exactly 100x greater than KDA
=
£255 per KDA
But in my opinion £255 is also way too bullish it assumes A) that KDA will be a big success story with investors just like SOL was and...
B) my calculations dont account for the fact that by 2025 there will be 300million tokens in circulation (double the 150million available on the market now)
So you can realistically half your expectations (unless things pump really soon for Kadena, I.e. less than 6-12 months) because by 2025 based on all this extra coin sloshing around that miners (plus platform emissions) will be dumping on exchanges it will seriously affect the price.
My prediction for the near future:
£45 per KDA in the next 6 months - 1 year
This would put KDA roughly around the current market cap of ATOM and Polygon MATIC and is bullish but also well within reach and achievable.
Thoughts anyone?
Price discussions on here https://t.me/KadenaTraders
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