Among the 100 Most Valuable Coins, Klaytn Ranks 72 at $0.21. Is it Worth its Value?

Updated: 15 February 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Klaytn platform brings a user-friendly blockchain experience to millions with an enterprise-grade, service-centric platform. A hybrid blockchain allows you to combine the best features of both public and private blockchains (decentralized data, distributed governance).

Klaytn is sometimes compared to ICON. There’s no way to tell at this point to what extent Klaytn competes with ICON or complements it. But they’re not fiddling around.

They have a $1 million prize pool for their BApp (as they call DApps) event. This alone makes some claim that it’s South Korea’s best blockchain project. In the following sections, we’ll analyze Klaytn’s (KLAY) prices and determine what experts have to say about its potential price movements.

Analysis of the Klaytn Price Prediction

With a market capitalization of $635,124,220, Klaytn ranks 72 on the most valuable coins list at $0.21. The price index for KLAY is $36,764,641. In the past 24 hours, Klaytn’s price value has changed by 4.24%.

In our current Klaytn price prediction, the price may rise by 1.72% to reach $0.217 on February 20, 2023. By the end of February 2023, Klaytn’s expected price level could range from a minimum of $0.19 to a maximum of $0.22, depending on various factors. But the $0.21 level is likely to be more realistic.

Based on our technical indicators, the Fear & Greed Index currently displays 53 (Neutral). Klaytn’s price level for March 2023 could range between $0.21 at the minimum and $0.23 at the maximum based on various factors. But $0.22 is a more reasonable value.

Indicators of Moving Averages and Relative Strength

Currently, Klaytn is trending down and above the 50-day moving average, which could act as resistance when interacting with it next. Currently, the RSI is within the neutral zone of 30-70, showing the price is trending neutral and can maintain its RSI within that range.

The last 14 candles show a bullish divergence, which shows a price reversal from current levels. There is a bearish divergence on the histogram, which suggests the price is about to reverse.

The Best Place to Buy KLAY Tokens

Over the past few years, KLAY tokens have been listed on several crypto exchange platforms. There are several trading pairs for the KLAY token, including KLAY/USDT, KLAY/BUSD, KLAY/BTC, and KLAY/BNB on the popular Binance platform.

On other platforms, KLAY can be traded against stablecoins, mainly the BTC. You can buy and sell KLAY on:

Binance
Bithumb
Coinone
Gate.io
Huobi Global
KuCoin
Bittrex
Indodax
Bitrue
ProBit Global
BitMart
OKX
Bybit
LBank
Tokyocrypto

Klaytn: Is it a Worthy Investment?

The token appears to be a viable investment option over the long term. Klaytn’s graphs may fluctuate in the future due to price evolution and projections. Since cryptocurrencies are volatile, any forecast is merely hypothetical.

Consider These Klaytn Alternatives Today

Alongside Klaytn, investors may wish to consider other best altcoins. Our team has selected several crypto presales that have the potential to return above-average returns in 2023. To ensure this list contains crypto projects with better risk-reward ratios, our team of experts reviews the cryptocurrency projects weekly.

In an incredibly fast-selling presale, MEMAG tokens are flying off the shelves. Two days from now, the presale closes with over $4.41 million raised in less than two months.

Currently, MEMAG is in stage 7 of the presale and is selling for $0.023, leaving investors with only two days before the presale ends.