Amidst rises and future trends, we take stock of the status of the MANA, Litecoin, and Kadena crypto assets.
Crypto analysis of MANA, Litecoin and Kadena
Decentraland (MANA)
Decentraland’s famous metaverse land token falls 2.68% to €0.66 after a good week.
In the past week, MANA’s price had risen 3.68%, but now it suffers a setback.
Lately, the crypto world has rediscovered how much valued is GameFi, also referred to as P2E.
The Market Cap of P2E has benefited this year by rising to $6.5 billion.
The Play to Earn segment has gained a lot since the beginning of the year and not only because of the positive start of crypto.
Blockchain-based play to earn games have outperformed Bitcoin’s performance by leaping 60% in the first month alone.
In January, Mana rose 105% to 75 cents, to give just a sense of how important the upward movement has been.
Play-to-earn offers the opportunity to earn money by playing, and Decentraland is one of the most popular of the games/metaverse that offer this possibility.
Litecoin (LTC)
According to some analysts, the descent of Litecoin that began with February (on the 1st of the month it was €102.32) could end to make way for a new bullish phase.
In 2020, just before the great performance of +640% in six months, the Litecoin chart had striking similarities in candles.
Indeed, the last week has seen the token climb back up, already recovering nearly 9% in value.
Today Litecoin is up another 1.24% touching €93.58 each.
As of today there are 72,297,640.54 LTC in circulation more than three times the maximum number of BTC in circulation.
Kadena (KDA)
The company was born from the efforts of two former employees of the investment bank JP Morgan.
Stuart Popejoy and Will Martino, founded Kadena in 2016 after their experience with Juno, JP Morgan’s first blockchain.
They led JP Morgan’s Blockchain Center for Excellence and decided to found a start-up, Kadena.
Will Martino, co-founder of Kadena explains that the chain is the fastest and most scalable to date in the market.
Kadena (KDA) features the highest levels of security as well as Bitcoin (BTC) but also better throughput than the latter.
“This is a watershed moment for business. Until now, they’ve never had a platform they could use on a public blockchain platform, and they know it will have the throughput they need, if the product they’ve deployed has the legs to start walking.”
William Martino stated.
The price of KDA, which had risen 3.5% over the past week, comes to a halt today.
The crypto registers a loss of 2.18% from yesterday’s close bringing it to €1.05.
Token’s highs are well off at €26.56 and the circulating amount as of today is 220,080,433.788 KDA.
While waiting for the possibility of Bitcoin breaking through and confirming above $25,000, KDA is trudging along.
Breaking through that support could be, as has happened in the past, a major pull for all other cryptocurrencies, Kadena included.
Source: https://en.cryptonomist.ch/2023/02/17/mana-litecoin-kadena-overview-crypto/