Bull case for Kadena (Kda)

Kadena had its first big candle since the bear market as one of the top movers for the day.

This project has been a hidden gem the last 2 years. Nobody has really talked about it which is fine by me. It had an ungodly parabolic, hype driven move at the end of the last cycle and broke the top 100 by market cap without a major exchange (it was on kucoin but that was as "big" as it got)Since then it was just in a downtrend but I've kept a close watch on what's being done on the chain.

The reason being is that it's a fundamental power house of a project.

The project was started by Stuart Popejoy and William Martino who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee respectively. They built JPmorgans first crypto network.That's 2 leaders who know how to navigate the traditional financial and regulatory world ensuring everything has been done by the book. They're also brilliant programmers and there a lot of interviews available.

On their advisory team is Dr. Stuart Haber, he was the most cited author in Satoshis bitcoin white paper. Reason being, is that he is the literal inventor of blockchain. There would be no bitcoin without him.

Pact: Pact is the Kadena programming language that was built from the ground up with cryptography in mind. There's a lot of limitations being put on the devs of all these other layer 1s by sticking with Solidity, Python, c++ and older traditional coding languages. Other blockchain devs are trying to build pyramids with stone age tools. You might be able to get the structure up but will it survive the test of time and all the elements? You shouldn't have to put all these band aid layer 2s on top of a solid foundation. Fixed pipes leak eventually

By using pact the result is a green POW(as secure and decentralized as BTC) layer 1that scales indefinitely. Kadena uses layers of webbed sidechains to ensure the fastest most efficient route to instant finality. There will never be the issue that Avax ( I hold and use avax so don't think I'm just shitting on it for fud sake,I like it, just an example) has right now with insane gas fees that exceed the cost of the transaction.

The tech and the team are absolutely impressive. They've essentially solved the crypto trilema and it blows my mind nobody talks about it. Look into it. I could rant more about it but I know CC is usually more interested in pumpamentals over any DD or fundamentals

Pumpamentals: The market cap as of writing this is 378.91m and it stands at 137 of all crypto. This is of course after the 68% pump of the day. Its still such a small cap coin. Its ATH was 28.21 in April of 2021. It's still down 95% from there but I believe it can easily go far beyond it this cycle. Easily. SOL still has a lot of legs left in this cycle and it's market cap is at 48.43b. AVAX is at 17.43b. These market caps could easily be obtained and exceeded by a layer 1 as strong and competent as KDA

They're supported on more exchanges this cycle ( binance, okx, gate.io and still kucoin for non us resident), they recently got ledger support, have more exchanges in mind (coinbase was filed)and they're starting a marketing campaign in January. Layer 1s have been going absolutely insane as of late. Sectors pump in tandem. KDA will follow and it's still under so many peoples radars and actually has transparent team and utility to retail and most importantly, the institutions which will be driving these markets after ETF news.

I could also go into some TA reasons to be bullish but don't want to piss you guys off anymore than I have. Atleast look at the weekly chart if that's your thing.