An unexpected turn of events has taken place as a relatively unknown cryptocurrency by the name of Klaytn (KLAY) has seen a surge of 900% in its price within the last three months. If this continues, it might just be able to break into the top ten cryptocurrencies in the world in terms of market capitalization. Its price of $4.36 is its record high, and the fact that it reached this amount in such a short amount of time is mind-blowing as just three months ago, it was worth $0.43.
KLAY breaks into top 20 as Klaytn plans to improve blockchain accessibility
After making its place in the list of the top twenty cryptocurrencies of the world, Klaytn’s native cryptocurrency KLAY is now the 16th largest crypto asset in the entire world by market capitalization. It currently stands above Wrapped Bitcoin (WBTC) and is also only three places below LINK which is the native cryptocurrency of Chainlink. Klaytn has plans of breaking into the top ten. However, in order to do so, it would have to increase by nearly 23% in value.
Nevertheless, the success experienced by this cryptocurrency should not be understated at all, and as of right now, its price is higher than even that of the 5th largest cryptocurrency Cardano (ADA), which has a current price of $1.51.
Furthermore, the project also aims to improve the adoption of blockchain and its accessibility worldwide via the introduction of a user-friendly experience. The leveraging of private as well as decentralized blockchain tech for the purpose of offering grade security will also assist in making this possible.
OpenSea to support Klaytn blockchain
In related news, OpenSea, which is a popular NFT marketplace, will be supporting Klaytn’s blockchain, making it only the second-ever public network to have accomplished this. NFTs have been rising in popularity for a while now, and Klaytn NFTs are set to be made available for trading this coming June. Interested parties will be required to set up Kaikas wallets in order to pay for items using KLAY. As of the time of writing, KLAY’s price has decreased slightly as it is currently $4.11. Still, the fact that any cryptocurrency can increase its price by so much in such a short span of time is impressive, to say the least, and is sure to grab the attention of investors from various cryptocurrency communities.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.