KardiaChain has been a top gainer of the day as the token surged upwards. The cryptocurrency had shown phenomenal performance during the bull run as it started off the year with a price level of $0.02 and quickly reached towards it all-time high of $0.14. After the ATH, KAI token has been under market corrections but fueled by developments on the network the token has picked up the pace. At the time of writing, the cryptocurrency stands at a price level of $0.10. The price of the token has increased by more than 31% during the day while the trading volume has surged by nearly 200%. The KAI token is on a straight upward trend and the price may approach the ATH soon.
What is KardiaChain?
KardiaChain regards itself as the first decentralized interoperable and self-optimized infrastructure in the market. It provides hybrid blockchain solutions but is geared towards governments and enterprises. Interoperability is one of the major problems of the blockchain industry and it is an agreed upon fact that blockchains cannot operate in isolation which is why the project is primarily focused on providing interoperability. It does so by being the blockchain of blockchains. It can seamlessly connect blockchains through its network and facilitate the transfer of data and assets on the participating blockchains. Moreover, KardiaChain is tapping into a high-potential market since it is geared towards enterprises and governments which will result in higher acceptance and adoption
Future outlook
The rebranding of FaceBook to Meta because of their commitment towards building a metaverse has boosted projects that are working on their metaverses in the crypto market. KardiaChain is also moving towards building its own metaverse. The team recently launched a treasury which will be used for the development of the network – including the metaverse. A target of 1 billion KAI tokens has been set for the treasury which will be raised through revenue sharing from existing businesses, buybacks of the token, and donation from the development team. The work on the metaverse may be contributing towards the bullish momentum of the token.
The future outlook for KardiaChain is bullish. According to the estimates of Wallet Investor, the cryptocurrency is expected to be at a price level of $0.14 while the five-year projection places it at $0.31. Digital Coin Price has similar bullish predictions for the cryptocurrency and expects the price of the token to reach $0.40 by 2026.
