Binance Supports Network Upgrades for Cosmos and Kadena

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Binance, known as the world’s largest exchange by volume, significantly impacts the market with its decisions. Whether through listings and delistings or support for updates on networks and cryptocurrencies, it continues to hold an important place. Recently, an important announcement was made on the exchange’s official announcement page, stating that a significant process will be supported for two networks.

Support from Binance

Binance announced that it will support upgrades on two important networks, drawing attention. Binance announced that it will support the hard forks of Cosmos (ATOM) and Kadena (KDA), which gained attention last year with airdrops.

Dear Binancians,

Binance will support the network upgrades and hard forks of Cosmos (ATOM) and Kadena (KDA) to ensure the best user experience.

The Cosmos (ATOM) network upgrade will occur at block height 21,835,200. Binance will suspend deposits and withdrawals of tokens on the Cosmos (ATOM) network starting from approximately 2024-08-21 13:30 (UTC).

The Kadena (KDA) network upgrade and hard fork will occur at block height 5,060,924. Binance will suspend deposits and withdrawals of tokens on the Kadena (KDA) network starting from approximately 2024-08-21 23:00 (UTC).

Following the news, attention turned directly to the prices of these two altcoins.

What Are the Prices of ATOM and KDA?

Following the news, attention turned to the prices of ATOM and KDA, both of which were already experiencing upward price movements linked to the rise of BTC. First, looking at ATOM, which had reached over $10 last year, it is now trading at $4.74 after a modest 4.13% increase.

ATOM’s market cap reached $1.854 billion following the rise, with trading volume exceeding $82.9 million after a 26% increase. The future price of ATOM, which was frequently mentioned during last year’s airdrop craze, remains a topic of interest.

Similarly, KDA also experienced a rise. The KDA price is trading at $0.4881 after a 6% increase. Its market cap surpassed $139 million, while trading volume exceeded $9 million after a 109% increase. Its market cap positions it at 268th place.

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