 in the coming years. Will KLAY become a good investment? Find out here.){kind=link}
- Klaytn (KLAY) price prediction ranges from $0.2118 to $0.5125.
- Analysis suggests that the KLAY price might reach above $1 soon.
- The KLAY bearish market price prediction for 2022 is $0.1011.
There are other digital currencies besides Bitcoin (BTC) and Ethereum (ETH) that people who want to diversify their portfolios and learn more about cryptocurrencies should consider. Klaytn (KLAY) is one of them.
Kakao, a South Korean ISP, created a blockchain platform for businesses called Klaytn. As a service-oriented blockchain platform, Klaytn is designed to be easily customized and operated by enterprises thanks to its modular network architecture.
If you are interested in the future of KLAY and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030 – keep reading!
What is Klaytn (KLAY)?
Klaytn is a public blockchain concentrating on the metaverse, gamefi, and the creator economy. It was officially released in June 2019 and has since become the leading blockchain platform in South Korea. The company is now expanding internationally from its base in Singapore.
Klaytn provides an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallets, chain explorers, oracles, and bridges, as well as an ecosystem of supporting services such as stablecoin integration, NFT marketplaces, tradfi interfaces, and more, to simplify building for the metaverse.
Usage cases where near-instant and irreversible finality is desired, such as the real-time minting of in-game item drops, are made possible by Klaytn’s use of an optimized version of Istanbul BFT, allowing transactions to achieve absolute finality within a second.
Proof-Work or Proof-Stake blockchain transaction has a probabilistic finality, meaning there is a slight chance it can be undone. Given their scalability issues, these blockchains are not suitable for critical applications. Klaytn uses the IBFT consensus method to ensure all blockchain data is correct and can’t be changed. This gives enterprise-level software consistency and trustworthiness.
As one of the new standards for the metaverse and Web3, EVM has Klaytn’s backing, and the company plans to adopt the EVM specification by doing two things: making Klaytn’s technical stack equivalent to the Ethereum stack from an interfacing and execution perspective, and building atop existing Ethereum clients and interfacing libraries so that it can take advantage of the community-driven improvements to those projects. Contributing to both ecosystems by allowing Ethereum Improvement Proposals (EIPs) and Klaytn Improvement Proposals (KIPs)
Klaytn’s Governance Council defines decentralization (GC). Leading global corporations and DAOs from different regions and industries set up a small validator network that gives the benefits of a decentralized public blockchain while keeping the performance of a permissioned blockchain. Klaytn wants to establish a “DAO of DAOs” by adding more DAOs to their GC.
Klaytn uses the hub-and-spoke model, a top scalability option. Klaytn’s spokes, also called service chains can be changed to meet the needs of DApps, such as high throughput, specific node configurations, and custom security. Nested service chains will allow exponential scalability for metaverse-scale adoption.
Klaytn has set aside $1 billion for ecosystem growth through reserve KLAY and on-chain tokenomics, which re-invests 66% of newly created KLAY. The Klaytn Improvement Reserve (KIR) funds infrastructure, tools, and services that improve the Klaytn network. The Klaytn Growth Fund (KGF) funds early-stage ventures with strong potential to develop Klaytn. The Proof of Contribution (PoC) program gives rewards to smart contract builders who help Klaytn improve its on-chain operations.
Industry leaders, including Japan’s GMO Internet Group, Indonesia’s Salim Group, and mobile gaming heavyweights Netmarble and WeMade, are all partners of Klaytn, making it clear that we’re the blockchain of choice for corporations and enterprise-level use cases. Also, the CBDC project at the Bank of Korea uses a private, customized version of Klaytn, and Klaytn is an official blockchain partner for this initiative.
Klaytn (KLAY) Current Market Status
The maximum supply of Klaytn is unknown, while its circulating supply is 3,084,595,181 KLAY, according to CoinMarketCap. At the time of writing, KLAY is trading at $0.2414, representing a 24-hour increase of 23.43%. The trading volume of Klaytn in the past 24 hours is $241,830,959.47, representing a 91.33% decrease.
Some top cryptocurrency exchanges for trading Klaytn (KLAY) are Binance, Bithumb, Huobi Global, Kucoin, Gate.io, and others.
Now that you know what Klaytn is and its current market status, we shall discuss the price analysis of Klaytn (KLAY) for 2022.
Klaytn (KLAY) Price Analysis 2022
Currently, Klaytn is ranked in the 43rd position on CoinMarketCap. Will developments and upgrades within the Klaytn community increase the price of Klaytn (KLAY)? We shall see this in this CoinEdition price analysis 2022 article.
Klaytn (KLAY) Price Analysis – Keltner Channel
The Keltner Channel is a technical analysis indicator that assesses volatility above or below the candlesticks to identify trend directions. Given that the price is in the first half of the Keltner Channel, more people are purchasing KLAY than are selling it. Because the most recent candlestick is bullish, it’s possible that the price of KLAY will go up even more before the expected change.
Klaytn (KLAY) Price Analysis – Relative Strength Index
To determine whether an asset is oversold or overbought, the Relative Strength Index (RSI), a technical analysis indicator, measures the relative momentum in the magnitude and speed of recent price changes. The RSI reading for the Klaytn (KLAY) 1-day chart of KLAY/USDT is 76.34. Given that a strong trend requires an RSI value between 50 and 70, this demonstrates that KLAY is in a strong trend. Investors should hold off on making the trade until they have a few confirmations.
Klaytn (KLAY) Price Prediction – Moving Averages
The chart above shows the 4-Hour KLAY 200-day and 50-day Moving Average (MA) chart. After the most recent downtrend, KLAY is in a bullish trend without having minor retracements. Since the 50-MA is above the 200-MA, we can observe that the bulls are getting their momentum.
Also, since the gap between the moving averages is getting smaller and within the recently formed candlesticks, the price of Klaytn (KLAY) might experience a big rise or fall.
Klaytn (KLAY) Price Prediction 2022
Looking at the 1-Day chart of KLAY/USDT, KLAY continuously has bearish momentum. KLAY has been swinging inside the channel. Additionally, KLAY still needs to break out of the current swinging channel. Still, another possibility is that KLAY might touch the channel’s lower trendline and dump lower.
Meanwhile, our long-term KLAY price prediction for 2022 is bullish since it cannot break the present support level. We can expect KLAY to reach $0.4760 in 2022.
Klaytn (KLAY) Price Prediction – Resistance and Support Levels
Above is the 1-Day technical chart of KLAY/USDT. During the past 30 days, the price of KLAY has ranged from $0.1232 to $0.2432. KLAY may test its prior support at $0.1363 if bears gain momentum and drive the price lower.
However, if buyers have their way, the price of KLAY might be dethroned from its current downtrend position and be able to break its current resistance level and rise higher. For 2022, a bullish signal would be a KLAY price trend above the $0.3469 level.
Klaytn (KLAY) Price Prediction 2023
There is a chance that Klaytn (KLAY) will finish 2022 with an RSI above 50. The price will have risen above $0.3469 by the end of 2022, indicating a strong and bullish trend. Therefore, we should anticipate a rise in Klaytn’s price to at least $0.4590 by 2023.
Klaytn (KLAY) Price Prediction 2024
There will be Bitcoin halving in 2024. For this reason, and also because of how people feel about the coin and how much money people want to put into it, we can anticipate that the market will rise. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect KLAY to trade at a price not below $0.6709 by the end of 2014.
Klaytn (KLAY) Price Prediction 2025
The Bitcoin halving the previous year suggests that most cryptocurrencies will likely break through additional psychological resistance levels, meaning that the price of KLAY will probably trade above its 2024 price. As a result, by 2025, KLAY’s share price might reach $1.0133.
Klaytn (KLAY) Price Prediction 2026
Given that the maximum amount of KLAY possible has already been amassed, the bearish market that follows a strong bullish run may have little effect on its previous price as more institutional investors join its platform. By doing so, KLAY’s price may deviate from its historical trend and trade at $1.2571 by the end of 2026.
Klaytn (KLAY) Price Prediction 2027
Given that Bitcoin will be cut in half, investors anticipate a bullish run in 2028. Due to investors’ optimism, the price of KLAY may consolidate its prior gains and even break through additional psychological barriers. By that logic, by 2027’s end, KLAY could be worth $1.5676.
Klaytn (KLAY) Price Prediction 2028
Bitcoin will undergo a halving in 2028. Thus, a bullish run may follow 2027’s expected market consolidation. The effect of media coverage of the halving of Bitcoin in any given year is to blame. It is, therefore, possible that the market could attain a higher high value. Klaytn (KLAY) could hit $1.9623 by the end of 2028.
Klaytn (KLAY) Price Prediction 2029
By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of KLAY to $2.1684 by the end of 2029.
Klaytn (KLAY) Price Prediction 2030
The cryptocurrency market experiences high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Klaytn (KLAY) to trade around $3.0187 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
Conclusion
As mentioned above, KLAY might reach $0.3469 in 2022 and $3.0187 by 2030 if investors decide that KLAY is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Klaytn is a public blockchain concentrating on the metaverse, gamefi, and the creator economy. It was officially released in June 2019 and has since become the leading blockchain platform in South Korea. The company is now expanding internationally from its base in Singapore.
Klaytn provides an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallets, chain explorers, oracles, and bridges, as well as an ecosystem of supporting services such as stablecoin integration, NFT marketplaces, tradfi interfaces, and more, to simplify building for the metaverse.
Like other cryptocurrencies, Klaytn (KLAY) can be traded in cryptocurrency exchanges like Binance, Bithumb, Huobi Global, Kucoin, Gate.io, and others.
There aren’t many crypto assets still appreciating, but KLAY is among the ones rising in value. As long as this bullish trend continues, KLAY might break through $1 and reach as high as $3. Of course, if the current market favoring crypto continues, it will likely happen.
KLAY is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We could also say that KLAY is a great cryptocurrency to invest in this year because it has recently formed partnerships and collaborations that have made it easier for people to use.
The lowest price of KLAY is $0.05733, attained on May 06, 2020.
It was launched in 2019.
Klaytn (KLAY) price is expected to reach $0.4590 by 2023.
Klaytn (KLAY) price is expected to reach $0.6709 by 2024.
Klaytn (KLAY) price is expected to reach $1.0133 by 2025.
Klaytn (KLAY) price is expected to reach $1.2571 by 2026.
Klaytn (KLAY) price is expected to reach $1.5676 by 2027.
Klaytn (KLAY) price is expected to reach $1.9623 by 2028.
Klaytn (KLAY) price is expected to reach $2.1684 by 2029.
Klaytn (KLAY) price is expected to reach $3.0187 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.