The best places to buy Klaytn crypto: KLAY coin surges in value

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
on Jun 24, 2021
  • Find out where to buy Klaytn coin
  • The increasingly popular crypto has grown in value by more than 30% in a day
  • What are the investment prospects of KLAY coin?

Klaytn – an increasingly popular cryptocurrency project – is up more than 30% in the last 24 hours and its rise shows no signs of slowing down. Moreover, some of the most popular searches in the past day include ‘how to buy Klaytn coin’ and ‘what are the best platforms to buy KLAY crypto.’

So, to help investors after this increased interest, this article explains what Klaytn is, how it works, and what its investment prospects are for the future. We also discuss the recent price movement of KLAY tokens and explore what is likely to happen in the coming weeks.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

To kick things off, our team of analysts have selected the two best places to buy Klayton coin in the UK and elsewhere.

Where to buy KLAY coin online

While some crypto investors and traders like to use decentralised exchanges (DEXs) to buy and sell their coins, online cryptocurrency brokers offer a more reliable, lower-fee platform with a more easily usable interface.

We have settled on these two as our top picks:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Register with Binance instantly

What is Klaytn crypto?

Launched in June 2019 and founded by Jaesun Han, it is a public blockchain platform that aims to provide an accessible user experience and development environment in order to convey the value of blockchain technology globally.

This means combing some of the best features of public blockchains – such as decentralisation and distributed governance – and private blockchains – high scalability and low latency. Klaytn attempts to strike a balance between the two, serving as a hybrid of public and private features.

The ambitions of the development team are clear: to bring micro-technology to the masses, from small startups to established enterprise powerhouses. You don’t need to be an expert in cryptography or have an extensive understanding of blockchain technology to deploy your own chain or join other chains on Klaytn. Absolutely anyone can create their own token-driven ecosystem on the platform, and Klaytn has a huge number of use cases such as digital asset management, DEXs, art collection/trading, and even game development.

Given its strong credentials, it is unsurprising to have witnessed growing interest from institutional investors including Piction Network, Humanspace, and Wemade Tree. Now, with today’s announcement of a Binance listing, Klaytn appears to be set for its next phase of growth.

Should I buy Klaytn crypto?

If you believe in the technical credentials of this project, and you have disposable income lying around that you can afford to risk, investing in Klaytn could be a smart move. Market sentiment appears to be very positive right now following the Binance announcement, so continued price accretion might be expected.

However, before you invest in cryptocurrency, make sure you are aware of the increased volatility, unknowns and risks associated with the industry.

KLAY price prediction

We are keen to avoid providing price predictions or targets for early-stage altcoins because it is difficult to accurately project their potential value. Anyone who claims to be able to accruately predict the price of cryptocurrency projects is doing so based largely on subjective sentiment rather than objective analysis of the limited data available to them.

However, what we can say is that in the short term, we expect the Klaytn price to perform rather well.

Social media gives its take on $KLAY coin

For the latest news on Klaytn crypto and other related cryptocurrency projects, check out our news page.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money