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Urgent: Klaytn A 20-cent cryptocurrency… is going crazy and sweeping other currencies

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Klaytn One of the cheap cryptocurrencies, KLAY/USD, whose value does not exceed $0.2, surged to record strong gains on Monday, outperforming all the billion unicorns in the crypto market.

Klaytn

The KLAY coin rose during these moments of today’s trading from $0.1554 levels to $0.1887 levels, by more than 22%.

Klaytn’s rise came amid a huge increase in trading volumes, which jumped by more than 376 percent to reach $322 million, compared to trading in the range of $50 million during Sunday’s trading.

The market value of Klaytn’s coin jumped to nearly $570 million, up from $430 million levels during yesterday’s trading, making the cheap coin jump to 69th place among the largest cryptocurrencies in the market.

In less than two days, Klaytn’s coin jumped more than 55%, rising from $0.12 levels to current levels near $0.19.

Klaytn’s coin is up 30% in a week, it’s down 10% in a month and 26% in 60 days, it’s up 20% in 90 days and it’s down 55% since the beginning of the year.

What is Klaytn?

The best cryptocurrency exchanges to trade in token Klaytn are currently Binance, BTCEX, XT.COM, MEXC, and Bitrue.

Klaytn is a public blockchain focused on the metaverse, gamefi, and the creative economy. Officially launched in June 2019, Klaytn is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.

These business expansion activities are supported by Klaytn’s Growth Fund, which aims to grow Klaytn’s ecosystem.

The fund is managed and disbursed by the Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.

According to company data released through a combination of initially issued reserve KLAY and on-chain tokens that reinvest 66% of newly minted KLAY, Klaytn has committed a total of $1 billion to support the growth of the ecosystem.

Funds are distributed through a range of grant and reward programs such as:

  • Klaytn Improvement Reserve (KIR) for infrastructure, tools, and services that improve the quality of the Klaytn network
  • Klaytn Growth Fund (KGF) for early stage projects with high potential to make a positive impact on Klaytn
  • Proof of Contribution (PoC) program to reward smart contract builders that contribute to the growth of on-chain activities on Klaytn

The article does not express a recommendation or nomination, but merely a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to the authorities and markets.

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