Kadena, XDC Network and Stacks: 16 December Price Digest

Recently, against the background of investors preparing for a possible change in the policy of the US Federal Reserve System, uncertainty prevailed in the crypto market. However, the crypto market rose amid confidence in the Fed's effective position in dealing with soaring prices. 

Although the initial hype from the regulator's announcement has already begun to subside, most major cryptocurrencies are still in positive territory, while demonstrating tangible gains in percentage terms. Kadena (KDA), XDC Network (XDC) & Stacks (STX) tokens have skyrocketed today. 

Kadena (KDA) 

Migration to the Ethereum network, new exchange listings and new staking opportunities in DeFi and centralized exchanges are driving the price of this asset up. The Kadena price today is $13.10. It is up 28.93% in the last 24 hours. 

XDC Network (XDC) 

The XDC price today is $0.096156. It is up 22.69% in the last 24 hours. The advantages of the XDC network over Ethereum include minimal transaction costs, 2,000 transactions per second, and lower power consumption. A few days ago, Globiance DEX, an automated market maker (AMM), was launched on the XDC blockchain – it was a major milestone for this project. 

Stacks (STX)

The STX  price today is $2.25. Stacks is up 16.71% in the last 24 hours. The asset's price is rising amid news that a few days ago the developer of Moonray, an NFT-driven metaverse game built on Stack, raised a $3.5 million seed round led by Animoca Brands.