Key takeaways
- The Klaytn price prediction anticipates a high of $0.2011 by the end of 2024.
- In 2027, KLAY will range between $0.5548 and $0.6578, with an average price of $0.5704.
- In 2030, KLAY will range between $1.69 and $1.93, with an average price of $1.75.
Klaytn (KLAY), a blockchain platform developed by Ground X, is gaining attention in the crypto market for its robust ecosystem and innovative technology. As the blockchain landscape evolves, Klaytn’s price trajectory is influenced by its adoption rates, partnerships, and technological advancements. In recent times, KLAY has faced market fluctuations, prompting investors to re-evaluate its potential. Analyzing Klaytn’s past performance, market sentiment, and future prospects provides a comprehensive outlook on whether KLAY can regain momentum or if alternative investments might present better opportunities in the volatile crypto space.
Overview
| Cryptocurrency | Klaytn |
| Ticker | KLAY |
| Current price | $0.147 |
| Market cap | $594,278,176 |
| Trading volume | $27,129,198 |
| Circulating supply | 3,803,678,792 |
| All-time high | $4.38 Apr 01, 2021 |
| All-time low | $0.05733 May 06, 2020 |
| 24-hour high | $0.1703 |
| 24-hour low | $0.146 |
Klaytn price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 13.47% |
| 50-day SMA | $0.145442 |
| 200-day SMA | $0.193952 |
| Sentiment | Bearish |
| Fear and greed index | 34 (Fear) |
| Green days | 15/30 (50%) |
Klaytn price analysis: KLAY sinks below $0.147 as market bearishness persists
TL;DR Breakdown
- Klaytn is bearish today.
- The resistance and support for KLAY are at $0.146,0.1703 respectively.
The Klaytn price analysis for August 30 shows a clear downward trend, with the price falling from $0.1697 to $0.147 over the course of a day. This sharp decline indicates significant selling pressure and a lack of buying support at higher levels. The continuous drop in price suggests bearish sentiment, and the steep fall towards the end of the chart might indicate further weakness.
KLAY/USD 1-day chart: Bears increase steps as market drops to $0.147
The 1-day Klaytn price analysis shows a downward trend, with the price dropping to around $0.147, representing a decline of approximately 4.88% for the day. The price has been on a general decline since peaking earlier in the summer, with recent candles showing increased selling pressure. The price action suggests that KLAY is struggling to find strong support, and the consistent lower highs and lower lows indicate bearish momentum.
The RSI is currently at 46.16, which indicates that the asset is approaching oversold territory but has not yet fully entered it. The recent drop from the overbought region (above 70) to this level reflects the weakening bullish momentum and increasing selling pressure. The MACD indicator shows a bearish crossover, with the MACD line crossing below the signal line, which further confirms the bearish sentiment. The histogram also shows increasing negative momentum, suggesting that the downward trend may continue in the near term.
Klaytn 4-hour chart: Bearish momentum intensifies
The 4-hour Klaytn (KLAY) chart shows a sharp decline in price, dropping from $0.1576 to $0.1460, representing a significant loss of 6.29% in just a few hours. The price action reflects strong bearish momentum, with the latest candle indicating heavy selling pressure. The price has broken below key support levels, suggesting that the downward trend could continue unless there is a strong reversal or buyers step in to stabilize the market.
The Relative Strength Index (RSI) is at 29.79, indicating that KLAY is now in oversold territory. This suggests that the selling may have been overextended, and a potential short-term bounce or consolidation could occur. The MACD indicator further supports this view, as it shows a bearish crossover with the MACD line well below the signal line, and the histogram displaying increasing negative momentum.
Klaytn technical analysis: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.160392 | SELL |
| SMA 5 | 0.158173 | SELL |
| SMA 10 | 0.162096 | SELL |
| SMA 21 | 0.148316 | BUY |
| SMA 50 | 0.145442 | BUY |
| SMA 100 | 0.161907 | SELL |
| SMA 200 | 0.193952 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.159831 | SELL |
| EMA 5 | 0.153771 | BUY |
| EMA 10 | 0.145309 | BUY |
| EMA 21 | 0.140236 | BUY |
| EMA 50 | 0.145191 | BUY |
| EMA 100 | 0.159804 | SELL |
| EMA 200 | 0.176629 | SELL |
Klaytn price analysis conclusion
Klaytn’s recent price action reflects a significant bearish trend, with the price breaking through key support levels and experiencing a sharp decline. The downward momentum indicates strong selling pressure, and unless there is a substantial shift in market sentiment or positive news, the trend suggests further potential declines.
Is Klaytn a good investment?
Klaytn’s performance in 2023 has been lackluster, following a challenging 2022, raising concerns about its potential as an investment. The stalled merger with the Finschia blockchain in January 2024 adds uncertainty to its future prospects. While Klaytn’s underlying technology and community have strengths, the recent underperformance and unresolved governance issues suggest that it may carry significant risk. Given the current situation, Klaytn might be a speculative investment, better suited for those with a high-risk tolerance.
Will KLAY recover?
Whether KLAY will recover depends on market conditions and potential positive developments within the Klaytn ecosystem, but the current trend suggests caution.
Will KLAY reach $10?
Reaching $10 for Klaytn would require a substantial increase from its current levels, reflecting over a 60-fold rise.
Will KLAY reach $100?
Reaching $100 for Klaytn (KLAY) would require an extraordinary increase from its current price, representing a massive surge in market value.
Will KLAY reach $1000?
Reaching $1,000 for Klaytn is highly speculative and would require an extraordinary set of circumstances.
Does KLAY have a good long-term future?
Klaytn (KLAY) has potential for a good long-term future, but this largely depends on several critical factors. The blockchain platform’s success will hinge on its ability to attract and maintain a strong developer community, secure strategic partnerships, and continuously innovate to meet the needs of businesses and users in the blockchain space.
Recent news/opinion on Klaytn
- Klaytn and Finschia join forces to build a unified ecosystem of over 420 dApps and services for DeFi, gaming, NFTs, and more.
Klaytn price prediction August 2024
The price of Klatyn is predicted to reach a minimum value of $0.16, a maximum value of $0.36, and an average trading price of $0.26 by the end of August.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| August | 0.16 | 0.26 | 0.36 |
Klaytn price prediction 2024
The price of Klaytn is predicted to reach a minimum level of $0.1798 by December 2024. Klaytn could soar to a maximum price of $0.2011, and settle at an average price of $0.1878.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 0.1798 | 0.1878 | 0.2011 |
Klaytn price predictions 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $0.2653 | $0.2728 | $0.3091 |
| 2026 | $0.3778 | $0.3888 | $0.4652 |
| 2027 | $0.5548 | $0.5704 | $0.6578 |
| 2028 | $0.8165 | $0.8450 | $0.9739 |
| 2029 | $1.13 | $1.17 | $1.40 |
| 2030 | $1.69 | $1.75 | $1.93 |
Klaytn price prediction 2025
According to the Klaytn KLAY price prediction for 2025, the minimum price of KLAY will be $0.2653, while the average price will be around $0.2728. The token could possibly reach a maximum price of $0.3091 by the end of 2025.
Klaytn price prediction 2026
According to the Klaytn price prediction for 2026, the minimum price of the coin is expected to be $0.3778, with an average predicted value of $0.3888. KLAY’s price is expected to surge to a maximum value of $0.4652.
Klaytn price prediction 2027
The price of Klaytn is expected to reach a minimum level of $0.5548 in 2027. KLAY might trade as high as $0.6578 with the average price pegged at $0.5704.
Klaytn price prediction 2028
According to the Klaytn price prediction for 2028, the minimum price of the coin is expected to be $0.8165, with an average predicted value of $0.8450. KLAY’s price is expected to surge to a maximum value of $0.9739.
Klaytn price prediction 2029
The price of Klaytn is expected to reach a minimum level of $1.13 in 2029. KLAY might trade as high as $1.40 with the average price pegged at $1.17.
Klaytn price prediction 2030
According to Klaytn KLAY price prediction for 2030, the cryptocurrency’s value may drop to a low of $1.69. However, the average trading price is expected to be $1.75, with a maximum trading price $1.93.
Klaytn market price prediction: Analysts’ KLAY price forecast
| Firm | 2024 | 2025 |
| Digitalcoinprice | $0.34 | $0.40 |
| Changelly | $0.21 | $0.37 |
| Gate.io | $0.37 | $0.52 |
Klaytn price predictions by BitcoinLinux
Our predictions show that Klaytn will reach a maximum price of $0.2011 in 2024. In 2025, KLAY price will range between $0.2653 and $0.3091. In 2030, KLAY will range between $1.69 and $1.93, with an average price of $1.75.
KLAY historic price sentiment
Klaytn price history ⏐ Source: Coinmarketcap
- Since its launch, the Klaytn price has performed relatively well considering the significant price drops caused by market volatility. The early private investors of the KLAY token are still profitable since they bought in at $0.03 and $0.047 in 2018 and 2019, respectively.
- Later, Binance launched KLAY on their launchpool. They allowed users to stake their BNB and BUSD into separate pools to farm KLAY tokens over 14 days, with farming starting from 2021-06-25 00:00 AM (UTC).
- KLAY has undergone its most rigorous years in 2020 and 2021 when it traded at its all-time low and all-time high price. The prices were highly volatile, making it difficult for newbies to hold on to the token for longer.
- The KLAY cryptocurrency traded at an all-time high (ATH) price of $4.38 in April 2021. Similarly, the price dropped a year before to a record low of $0.05733 in May 2020.
- Throughout 2021, KLAY experienced continued volatility, with multiple peaks and troughs, but the overall trend was downward. By the end of 2021, KLAY was trading below $1.00.
- In 2022, the price continued its decline, fluctuating mostly below $0.50.
- By 2023, KLAY’s price had stabilized somewhat, trading within a range between $0.10 and $0.20.
- As of 2024, the price remains relatively flat, currently sitting around $0.15 to $0.16.
