- 1 The KLAY token price is up 3.51% in the past 24 hours and was trading at $0.2547 at press time.
- 2 The daily KLAY/USD chart shows short term consolidation after a bullish rally.
Klaytn is a blockchain platform that aims to enable the metaverse and Web3 with its native token, KLAY. It is issued at a fixed rate per block and distributed to three accounts that support the governance, growth, and improvement of the platform.
Moreover, It offers a comprehensive metaverse package that includes various solutions and services for developers and users, such as L2 scaling, smart contracts, IPFS, wallets, oracles, bridges, stablecoins, and NFTs.
It also supports the Ethereum Virtual Machine (EVM) as a common standard for the metaverse and Web3, and plans to adopt the EVM specification and improvement proposals to enhance its compatibility and interoperability with Ethereum.
Klaytn crypto price chart accumulation in the past one week after a short term rally. The price is rising amid bullish price action and persists a strong outlook. Moreover, the bullishness on the chart confirms the presence of an optimistic trend.
The breakout above the consolidation may trigger another rally and could take the price to the higher levels. Moreover the technical indicator RSI indicates that the price has reached an overbought zone.
Klaytn Price Prediction 2023
The volume analysis shows that the trading volume increased by 22.01% and reached $31.930 Million in the past 24 hours. The KLAY crypto ranks 78th among the top cryptos with a live market cap of $123.560 Million. The volume-to-market cap ratio is 2.85% indicating low volatility in the market.
The price prediction of KLAY crypto showcases a neutral to bearish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.278, indicating an upside potential of over 9.20%. The pessimistic outlook of the analysts hopes the price may drop to $0.216.
Klaytn Price Prediction 2024
As per the analysts, the most optimistic target that Klaytn crypto price may achieve is $0.599; indicating an upside potential of 135.90% from the CMP. The minimum analyst price target is $0.383 by the end of 2024.
Klaytn Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the KLAY crypto price may reach a high of $0.922. The price may reach $0.814 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.585.
Klaytn Price Prediction 2026
The Klaytn cryptocurrency price may reach a high of $1.106 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.869 by 2026.
Klaytn Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Klaytn crypto estimates a price target of $1.489. The minimum price target that KLAY may achieve by 2027 is $1.073.
Klaytn Price Prediction 2028
The analysts are optimistic about Klaytn (KLAY) and predict that the price could go up to $2.104 in the next five years. However, the pessimist analysts expect the price to reach a high of $1.375.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.