In this post, we will take a closer look at Klaytn’s Price prediction for 2021 and onwards. This Klaytn comprehensive guide aims at showing what this cryptocurrency is all about. We will learn together about the fundamentals of Klaytn, its objectives, the team working on it, and its price history till now. Also, we will bring you the most updated market analyses and opinions about Klaytn price predictions provided by reliable and recognized experts and analysts. Hopefully, after reading this post, you will have a better idea of whether Klaytn is a good investment or not? If you want to learn more about this cryptocurrency, then continue reading this article.
What Is Klaytn?
Klaytn is one of the simplest yet most effective blockchain networks, built for both enterprises and individual users. The aim is to bring the benefits of blockchain to a mass audience by making it easily accessible. In essence, Klaytn is unique because it makes blockchain seem more user-friendly by providing less complicated tools than other blockchains. Klaytn is service-centric, meaning it offers features designed to make the experience as easy as possible for everyone. With low gas fees, super easy accessibility, high speed, and scalability, Klaytn provides an efficient medium for creating Blockchain Applications (BApps).
Moreover, Klaytn uses a hybrid model of both public and private blockchain. A public blockchain is entirely decentralized, meaning anyone can have access. A private blockchain is more centralized as only a specific set of nodes are a part of it. By using a hybrid model, Klaytn tries to achieve both high scalability and decentralization to some extent. Furthermore, Klaytn uses Ethereum Virtual Machine (EVM), which supports Ethereum projects in the Klaytn network.
The other notable feature of Klaytn is the Klaytn Improvement Reserve (KIR). KIR is a system that rewards some of the users for their contribution to the network. Note that everyone can make proposals in the Klaytn network. If a proposal is accepted and new developments are done to the network, those responsible are rewarded with KLAY coins. Thus, the network stimulates the nodes to continually strive for improving Klaytn. Making contributions to the network are the fundamentals of Klaytn’s Proof-of-Contribution (PoC) system. As such, Klaytn uses neither Proof-of-Work (PoW) nor Proof-of-Stake (PoS) for securing the network.
The Klaytn Governance Mechanism
Klaytn has a very special governance council composed of many businesses and organizations worldwide from diverse industries, including healthcare, e-commerce, entertainment, and finance. They are responsible for the security of the network. The Klaytn governance council can make changes to the network, including fees, structure, and many more. The main goal of the council is to help the Klaytn network develop in the long term.
In fact, Klaytn is secured by participation from numerous highly reputable brands around the globe, collaborating to create a reliable business platform based on a robust system of decentralized trust. Thus, the partnerships of Klaytn with numerous esteemed global brands make it a trustworthy platform supported by decentralized trust.
Klaytn Governance Council
KLAY is the native coin of the Klaytn network. The total supply of Klaytn is almost 10.6 billion KLAY. The circulating supply is about 2.5 billion KLAY as of July 2021.
In the Klaytn ecosystem, KLAY serves several functions. You can pay your transaction fees using KLAY. In addition, you may use the coin as collateral for secondary tokens or bet it to obtain passive rewards. Then, the coin fuels and secures the Klaytn protocol.
If you plan to buy the coin, the top exchanges for trading in Klaytn are currently Binance, OKEx, HitBTC, BiONE, and Gate.io.
The Klaytn Team
Klaytn was founded by Jaesun Han, a CEO at Ground X, a blockchain subsidiary of Kakao, an IT powerhouse based in South Korea. Kakao is a dominant force in the region. Then, Klaytn is a Korean-based cryptocurrency project that provides simple tools for launching Blockchain Applications (BApps) for developers. Jaesun Han has a Ph.D. from Korea Advanced Institute of Science and Technology (KAIST) in computer science and electrical engineering. He is an entrepreneur and blockchain enthusiast. Jaesun Han, the founder of Ground X, was involved in several blockchain studies and also has years of experience dealing with computer science.
Jaesun Han, The Founder of Klaytn
In addition to Jaesun Han, Klaytn has many other well-known team members, including Myeongjin Jeong, Sangeon Bae, Sangmin Seo, and many more. These people have had a central role in Klayton’s current success in the sector.
Klaytn Price History
Klaytn Price Chart
One of the simplest methods to predict the future price of a cryptocurrency like Klaytn (KLAY) is to review its prior price history. The Klaytn main net, which is named Cypress, was launched on June 27, 2019. However, the network officially went live in June 2020.
In June 2020, the Klaytn network went online for the first time. At first, the Klaytn price stood at the lowest price level of $0.10. But later, after July 2020, the coin achieved a price level of $0.80. Following a slight dip, the price started a bullish run in August. By the end of August, the value of KLAY was around $0.83. The KLAY price started declining after that, and it was around $0.5 by the end of the year.
Starting 2021 at about $0.5, KLAY joined the bullish run caused by the BTC halving of 2020. In February, the price went to $1.84. Klaytn reached its highest price on April 2, 2021, when it traded at its all-time high of $ 4.35. However, after hitting an all-time high, it experienced a sharp decline. The lowest price since its ATH was $0.744098. Currently, it is trading at around $1.12, still showing an almost %733 increase than its initial price in 2020. Klaytn current circulating supply is 2.51B KLAY out of a total supply of 10.60B KLAY.
Klaytn Price Prediction in 2021 and Onwards
WalletInvestor Klaytn Price Prediction
According to the WalletInvestor forecast system, KLAY is an awesome long-term (one-year) investment. According to WalletInvestor, if you are looking for virtual currencies with good returns, KLAY can be a profitable investment option. Thus, a long-term increase can be in store. The Klaytn price can go up from 1.151 USD to 2.466 USD in one year. The long-term earning potential is +114.21% in one year.
Additionally, the Klaytn price prediction for 2026-09-19 is $7.691. With a five-year investment, the revenue is likely to be almost +568.2%. As such, your current $100 investment may be up to $668.2 in 2026. Since this virtual currency has a positive outlook, WalletInvestor recommends it as part of your investment portfolio.
Source: WalletInvestor (Long-term Klaytn Price Prediction)
TradingBeasts Klaytn Price Prediction
The Klaytn price prediction for October 2021 is $1.57937. The expected maximum cost is $1.97422, and the minimum price is $1.34247. The Klaytn price prediction for the end of the month is $1.57937.
The Klaytn price prediction for December 2021 is $1.15420. The expected maximum price is $1.44275, and the minimum price is $0.98107. The Klaytn price prediction for the end of the month is $1.15420.
The Klaytn Price Prediction for 2021
As you can see from the chart, the platform thinks that the Klaytn price is going to decrease. Currently, the Klaytn price is $1.18000, but by the end of 2021, the average Klaytn price is expected to be $1.15684. Moreover, according to the platform, the Klaytn price prediction for December 2022 is at least $1.22439. In December 2023, the price may reach $1.20062. Then, in the long run, the Klaytn price is going to increase. Now, the Klaytn price is $1.18000, but by the end of 2022, the average Klaytn price is likely to be $1.44046.
Crypto Academy Klaytn Price Prediction
According to the Crypto Academy Klaytn price prediction, if investors take advantage of the current drop in the prices of cryptocurrencies, another bullish trend is unavoidable. If Bitcoin increases in the same way as experts predict, other altcoins will likely follow, including Klaytn. Klaytn’s recent partnerships make it a very promising investment in both the short and long term. As an example, Klaytn has partnered with OpenSea to dive a little deeper into the NFT sector. Since NFTs are at the center of attention, this will likely lead to higher prices for KLAY coins. Also, Samsung Galaxy Note 10 was promoted in Korea as a ‘Klaytn’ phone, providing new features to Klaytn users. Hence, since KLAY is already proving to be a worthwhile investment for traders, its price can easily surpass its previous highs and may reach as high as $8 by the end of 2021.
Klaytn Price Prediction in 2022
The Crypto Academy adds: the demand for KLAY coins continues to grow. Companies and businesses are shifting their attention to blockchains like Klaytn. Due to Klaytn’s proven profit-making capabilities. Furthermore, cryptocurrencies are becoming more popular each day. Then, in general, the price of KLAY may range from $10 to $15 in 2022.
Klaytn Price Prediction in the Next Five Years
As already mentioned, Klaytn has a limited supply of 10.6 billion KLAY. A limited supply makes Klaytn deflationary, which means its price will increase as it becomes scarcer. Thus, in the next five years, Klaytn has the potential to become the easiest blockchain for new developers that don’t necessarily have a lot of technical knowledge about launching and creating applications. As the ecosystem grows broader, more institutional investors may turn to Klaytn for its lucrative features. Because of this, the price of KLAY can quickly rise to at least $25 in the next five years.
CryptoNewsZ Klaytn Price Prediction
Their Klaytn price prediction says that the future KLAY price may easily touch $2 by the end of 2021.
In 2022, KLAY is also all set to affirm its strong position crossing all obstacles, scaling the $3 price level. Furthermore, KLAY may gain a much higher price of $3.65 per coin in 2023. Price may even experience a paradigm shift if the drive for functional crypto continues into 2023.
For KLAY, a lot of speculation exists. A price of $4.8 may be possible, especially in light of the company’s technological advancements and plans. The combination of security and scalability features with exciting promotional campaigns can increase KLAY’s price that much within such a short period. By focusing on education, outreach, and innovation, KLAY may reach a level of $6 in the next five years. In the long run, KLAY will keep pace with other cryptocurrencies to clearly arrive at a trading price of $5-10 as per their forecast.
Gov. Capital Klaytn Price Prediction
They believe that the future price of the asset will be at $6.2642762218941, representing a %444.72 increase. This growth means that if you invest $100 now, your current investment may be worth $544.72 on September 23, 2022. Moreover, this means that this digital asset is suitable as a new addition to your investment portfolio as trading in bullish markets is always a lot easier.
Source: Gov. Capital (Klaytn Price Prediction)
The answer to our main question is a big yes. KLAY is a profitable long-term investment. The price of KLAY is likely to increase in the long run because of several influential price factors such as supply and demand, partnerships, efficiency, scalability, etc. It has a successful price history. The price of KLAY has increased ever since its release in 2020. Meanwhile, most forecasting platforms predict that the value of KLAY will go up in 2021 and beyond. Additionally, it has solid fundamentals. In general, based on the fundamentals of the Klaytn project and the progress the team is making to achieve their goals and milestones, long-term growth is expected. All in all, these are positive indications that cryptocurrency investors had better add the coin to the investment portfolio.
However, the cryptocurrency market is highly volatile, and there are different factors involved in the success or failure of a project in this industry. Hence, you should always proceed with precise understanding and caution.