Are other altcoins about to follow Kadena's lead?

The crypto market isn't looking too hot these days. A bunch of altcoins have taken some serious hits lately. Kadena really took a blow after announcing their project went bankrupt. Apparently, this is tied to a $20 billion liquidation that happened. If other altcoins can't hold on, they might be next. What are your thoughts on this?

Hate to see a project announcing bankruptcy simply because of a temporary expected market deline, this doesn't show any sign of responsibility a d preparedness of the project, infact i see such projects to be operated and own by exit scammers just waiting for the right time to close the door on the customer's, bankruptcy is not a good thing for a cryptocurrency project volatility is always expected in market so the first thing dev team do is to prepare for such a time as this

I can still see some coins and tokens that are increasing like 5 to 10 or more times within hours, days or weeks but the problem is that the coins and tokens are heavily manipulated. That is what crypto has turned to now, the people with huge amount of money know how to constantly manipulate the market now. But at last, the coin will dump and may fall more than the price it was rising from. Altcoins are very risky, they are gambling coins and tokens.

I don't see any of the big projects you're referring to as following what Kadena (KDA) experienced. IDK this project in depth, but what I do know is that $KDA a project filled with trash VCs, with so many catalysts, market manipulation will also be easy to do, just look at how $LUNA & UST have done in the past, I think what $KDA is experiencing isn't much different from what they experienced.

This is why it is necessary to start a project in the bear market. I don't think the market decline is heavy enough to bankrupt a serious project. It will easily affect project founded in the bull market or a shaddy one leveraging on BTC. The market seems to have stabilized, but if there is any other major pull back, more will join Kadena. Meanwhile, I wasn't familiar with the Kadena. So many projects these days, despite that this season's bull run isn't encouraging.

It is one of the main reasons investing in altcoins is very risky because of all these kinds of stories. I don't know much about this project, but it looks somehow like a project that might experience bankruptcy just because of a little market crash. This shows that it may not be a great project or there might be some secret behind it. Because if there is a crash in the market, it’s always possible for many projects to recover, unless those projects were not strong enough from the beginning. It always happens in every bear market, and I am sure it's very possible that, in a bear market, many altcoins may not survive.

I am happy that the dev couldn't a pump and dump scam before Trump sent them into bankruptcy. Anyone can just come out and create their own token even when they ain't capable enough to survive the token for long because their aim is to scam the public. Kadena is not first amd thsy couldn't be the last to be kicked out of the market.

like seriously!! Kadena’s collapse really shows how shaky and very scary the altcoin market is right now when a project with that much hype and potential goes bankrupt in a blink of an eye, it definitely shakes investor confidence because no investor likes to lose his or her money. i think some weaker altcoins might follow soon!! 1st November is fast approaching!! unless Donald Trump changes his mind about China, but all those projects without strong utility or funding to keep them afloat during this bearish stretch will sure face difficulty..

I'm sure next bearish cycle there will be many L1 and L2 that go bankrupt because they aren't generating revenue. Some of the less known L2 barely generate revenue right now, some even generates just $10-$100. Zksync, an L2 chain that raised ~300m even have history of having negative chain revenue, you know how bad it is. Only matter of time until some chains announce their bankruptcy.

The thing that is feared will happen if Kudena really shows the collapse of all altcoins, so far Altcoin has not started to experience significant price movements, plus Kudena makes the crypto market and investors silent. October is almost over, hopefully there will be changes that occur in altcoins so that investor confidence will return as the bearish market continues, if Donald Trump changes his mind about the dispute, will the impact on altcoins improve.

Kadena promised its investors to be a big thing someday, but ended as a dead chain. lol By the way, i tell you the truth if the big liquidation even was not the reason for the cease of Kadena blockchain. The fact that they have some cases that have never been talked before such as their fight against Kaddex, which wasted ten millions in legal battle instead of working together. Other than it, Kadena team was also able selling their pre mined coin even before they announced the cease of Kadena blockchain Operation. I guess they were not really bankrupt, but know it's not profitable anymore to run their blockchain. They obviously planned this scam very well

Honestly, I didn't know about KDA (Kadena) until now I just found out it's a cryptocurrency. The challenging part about cryptocurrency is that it's extremely volatile, which is why people say it's high risk, high reward. However, it's quite rare for cryptocurrencies to suddenly surge extremely high in value. Those who are lucky enough to time it right buying just before a massive pump and selling at the perfect moment before the price crashes are the ones who truly hit it big. They can essentially achieve sudden wealth through the cryptocurrency industry.

There are many projects that have gone out of business due to recent liquidity events. But I am no longer surprised by this kind of thing, especially for altcoin projects that are technologically displaced and have been abandoned by the community since the beginning. Kadena, Kinto, and recently Central Foundation also announced on social media x. So, it is better if you invest less in latcoins or if you stake in one of the protocols. Because the current situation clearly does not rule out the possibility of taking many victims.

It’s hard to keep track of all these projects, it seems new altcoins are created everyday. It’s not shocking to see altcoins dump as bitcoin price dips. They rise as fast as they fall.