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Kadena Climbs up +200 Spots to Rank Fourth on AltRank on LunarCrush

source-logo  coinedition.com 05 December 2022 08:27, UTC

As per the data from LunarCrush, Kadena enters the fourth AltRank on LunarCrush. The LunarCrush platform collects and sums up social and market activity for thousands of cryptocurrencies, NFTs, and stocks, morphing it into useful intelligence.

Kadena has climbed up +200 spots to the No.4 AltRank on LunarCrush. This is the 4th time #Kadena has hit the top 10 Altrank in recent days.

Altrank = Increasing social activity + price performance vs. #BTC#KDA @kadena_io pic.twitter.com/9ZGpXnciXx

— LunarCrush (@LunarCrush) December 4, 2022

Details from the tweet reveal that this is the fourth time that Kadena has hit the top 10 Altrank on LunarCrush. KDA has also dethroned over 200+ spots to enter the top 10.

LunarCrush analyzes the increasing social activity and price performance vs. BTC to rank the coins by altrank. The total social mentions for KDA now stand at 14.13k. It is a 48.4% change in terms of weekly performance. Total social engagements have also risen over 7.7% over the week and currently stand at $15.87 million.

Kadena coin (KDA) fell below $1 this month as a result of the FTX-caused cryptocurrency crash. The crypto market is currently struggling to recover to its prior levels.

KDA lost majority of the gains it had made last year, and investors who bought into the token this year are all facing significant losses. However, KDA has recently spiked in value over the last week. It gained 18.24% in the last seven days.

In addition, Kadena has regained $1 and is trading at $1.11 at press time. This is also a 5.8% gain in the last 24 hours. As per the data from CoinMarketCap, there has also been a 235.44% spike in the trading volume during the same period. KDA is also 96% down from its all-time high of 428.25 on November 11, 2021.