by Klaytn (KLAY) is a crypto asset that appeared on crypto exchanges in March 2020. KLAY is a young coin, and it is still not as easy to buy as you would like it to be. The platform behind it looks reliable and promising, as it combines all the benefits of public and private blockchains.
What Are Klaytn and Its Native Coin KLAY?
Klaytn is a public blockchain for business. Its main goal is to modernize business and promote the adoption of blockchain in all areas of life. The project was officially launched in the summer of 2019. But only in late March 2020, the project’s coin was added to the listing of major crypto exchanges. Today, there are many platforms where you can buy KLAY.
The peculiarity of this blockchain is that absolutely anyone can work with it because it is not necessary to be an expert in cryptography or have a deep understanding of blockchain technology. It is this feature of Klaytn blockchain that has attracted a lot of attention from major institutional investors, such as Wemade Tree.
This blockchain uses the innovative consensus mechanism Istanbul BFT. Another feature of this blockchain is also that it uses proof-of-contribution (PoC) that is responsible for accruing compensation to all participants of the tokenomics. The amazing thing is that this blockchain accumulates all the best qualities of public and private blockchains. And that can’t go without widespread attention from crypto enthusiasts.
More often than not, KLAY tokens are exchanged for BNB tokens to keep the profits. Since KLAY is a relatively new cryptocurrency, it is very volatile. Consequently, traders and investors can visit https://godex.io/exchange/klay-to-bnb to exchange one for another to keep the profit. KLAY reacts very strongly to the news, and the more positive they are, the higher the price rises.
One of the news that surprised the crypto world was a partnership of an NFT project Klapes with Klaytn in November 2021. This was the first Klaytn-backed NFT project. This news has greatly increased investor interest in this blockchain and, consequently, KLAY’s price. The other surprising news was that D’CENT Wallet added support for Klaytn NFTs alongside NFTs based on the Ethereum blockchain. So, you should analyze the news about Klaytn to understand the market situation. It will help you a lot in making profitable deals on KLAY coins.
The Latest KLAY Price History
The initial price of Klaytn was $0.11, and in 4 months, it reached $0.88. Then, KLAY’s price did not show any growth until February 2021, when the price started increasing and reached $4.26 on March 29. After that, KLAY’s price experienced a great drop, and as of January 19, 2022, it is $1.42.
KLAY Price Prediction for 2022 and Beyond: What to Expect and When
Analysts’ predictions about a particular coin are always different, and they seldom coincide. However, Digitalcoin’s and Wallet Investor’s predictions about the price of KLAY are similar. In 2022, the price of KLAY will not exceed $3, and in 2023, it will reach $2.5. As for 2026, the price of KLAY will be approximately $3.
According to analysts, the rise in the price of KLAY will be driven by an increase in active Klaytn blockchain users and an increase in the number of dApps. The rise in the value of BTC and traders’ speculation will also play an important role.
Where to Buy Klay Anonymously?
Godex is the best way to buy KLAY tokens anonymously. It is a reliable exchange that is great for both new and experienced traders. It supports over 300 coins and has a nice and simple interface. Godex does not require any personal information, accounts, or registrations. Moreover, there are no exchange limits.
There are a few steps you need to take to carry out a transaction:
- Visit the main page of the website — https://godex.io/.
- Choose the crypto you want to exchange and indicate the amount. Press the “Exchange” button.
- Fill in your wallet info. Press the “Exchange” button.
- Send crypto to the crypto wallet specified by the website.
- After performing these actions, the system will transfer you to the “Completed” page, where the status of your transfer will be indicated.
- You will receive crypto after confirmation on the blockchain.
The exchange is done automatically without human intervention.
Is Klaytn Cryptocurrency a Good Investment?
Klaytn cryptocurrency (KLAY) is a fairly new asset on the market, the value of which largely reacts to the news background around the project and its development. For example, when the Binance exchange confirmed the cryptocurrency’s listing, the value of KLAY/USDT rose by 41.25%, which was accompanied by a sharp surge in trading volumes.
With this in mind, monitor the value chart carefully before buying Klaytn. Identify the highs and lows, assess how successful the market entry can be now. It is recommended to study the news background around the project as well. This will help you find out what changes are expected in the project in the near future and make your assumptions about where the price will move.
