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      What is Klaytn (KLAY)? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 2, 2021

      5:25 AM UTC

      What is Klaytn (KLAY)? - Stocks Telegraph

      Klaytn (KLAY) is a global public blockchain platform created by Ground X, a blockchain subsidiary of Kakao, South Korea’s largest internet corporation. Klaytn is a service-oriented blockchain platform with an easy-to-use development environment and a welcoming user interface. It is based on a firm foundation of dependability and stability, as well as extensive service development for widespread adoption.

      The platform enables large-scale real-world applications to be created immediately, allowing our end-users to take full advantage of services without requiring extensive knowledge of blockchain or cryptocurrencies.

      Klaytn (KLAY) uses a hybrid approach that combines the best of both worlds, with decentralized data and control, distributed governance, and low latency and high scalability, which are key advantages of public blockchains, and low latency and high scalability, which are key elements of private blockchains. Furthermore, Klaytn is safeguarded by the involvement of a number of well-known firms from around the world, who have collaborated to build a dependable business platform based on a robust decentralized system.

      Price Movement – Klaytn (KLAY)

      The coin had created its All-Time High in October 2021 and reached a price of almost $4.4 before falling down to a price of $1.6 and closing there. During the crash, the price dropped down to a value of $0.82. At the time of writing this article, KLAY is being traded at a price of $1.56. The price has almost increased by 8.67% today. In this month alone the price has increased by almost 12%.

      The Total volume at the moment is $87,677,185 with an increase of 55.16% in the past 24 hours. The coin is listed on coinmarketcap on the 49th spot and has a market dominance of about 0.15%.

      Long Term Price Prediction – Klaytn (KLAY)

      Wallet Investor thinks that KLAY is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year KLAY will reach a value of $2.53. In a five-year plan, the price is expected to reach a value of $7.041.

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