KLAY Price Prediction 2024, 2025, 2026–2030

KLAY price prediction

The Klaytn blockchain is an enterprise-solution-focused blockchain that is heading into an interesting year, with a proposed merger with another blockchain on the cards to shake up the ecosystem.

Here we look at what is happening in the KLAY ecosystem, what the Klaytn blockchain is, and make a KLAY price prediction for 2024, 2025, 2026, and 2030.

KLAY Price Prediction Summary

  • KLAY is the native token of the Klaytn blockchain, a product of the Korean internet giant Kakao.
  • The all-time high (ATH) price for KLAY was $4.34 in March 2021.
  • We forecast that KLAY will gain 415% on today’s price and reach a high of $1.20.
  • Our KLAY price prediction forecasts that KLAY with trade in a range between $0.98 and $1.30 in 2030.

Klaytn Price Prediction 2024–2030

  • Our KLAY price prediction predicts an average price of $0.25 for 2024.
  • We expect the KLAY token price to fare well through 2025, posting highs of $1.20, as a result of rises in the rest of the market.
  • With no roadmap for the future, and uncertainty surrounding Klaytn’s future with a proposed merger, we predict that 2026 will have an average price of $0.90, with a high of $1.02.
  • With its focus on providing enterprise solutions, Klaytn is expected to perform well once a crypto regulatory framework is in place. However, we don’t expect huge gains, with a high of $1.30 forecast for KLAY in 2030.
Year Potential Low Average Price Potential High
2024 $0.10 $0.25 $0.50
2025 $0.40 $0.80 $1.20
2026 $0.60 $0.90 $1.02
2030 $0.98 $1.10 $1.30

KLAY Price History

The first recorded data for the KLAY token on CoinGecko is $0.155009, on October 11th 2019, 4 months after the launch of the Klaytn mainnet.

Besides a few spikes to $0.4 and $0.3, the price of KLAY plodded along in a range between $0.08 and $0.25 between October 2019 and August 2020. In this time it also hit its all-time low of $0.06044 on April 29th, 2020.

At the beginning of August 2020 KLAY began to rise, and gained 430% to peak at a local high of $0.825655 at the end of August.

From here the price declined and settled in a tight trading range between $0.4 and $0.6 for the rest of 2020 and the beginning of 2021.

At the beginning of 2021 Bitcoin and the rest of the cryptocurrency market were already climbing high up the charts, and on February 15th KLAY began to follow then, climbing 552% in six weeks, from $0.649849 to its ATH of $4.24 on March 29th 2021.

KLAY Token Price History Chart

From here KLAY fell 76% to find support at the psychological $1 mark. It traded above this level for the rest of 2021, occasionally tracing up the chart to find resistance at $1.90 before tracing back to the $1 support.

$1 remained as support for the KLAY token price until April 2022, when it dipped below $1 for the first time in almost 9 months. In less than a month the KLAY crypto price was below $0.5.

It then bounced off the $0.35 mark, only to find resistance near the $0.5 level and bounce off that to continue declining further. The KLAY token price eventually bottomed out at $0.132512 on October 20th, and traded in a range between this mark and resistance just above $0.3 for the end of 2022 and early 2023.

After coming down from a local high close to $0.33 in February 2023 KLAY began declining before finally bottoming out at $0.108654 on September 21st, 2023.

From here the KLAY crypto price has followed a wider market rally on the back of speculation around Bitcoin ETF approval in the USA, and managed to climb above $0.20 for the end of 2023, briefly peeking above $0.25 in the process. For 2024, KLAY has traded from a low around $0.17 to climb above $0.25.

Klaytn price history key points:

  • KLAY was launched in June 2019 with the genesis of the Klaytn blockchain
  • The lowest price ever recorded for KLAY was $0.06044 on April 29th 2020
  • The KLAY crypto price hit its ATH of $4.34 on March 30th, 2021
  • After reaching this height it fell 76% to hit the physiological support of $1
  • The KLAY price decline wasn’t over and continued into September 2021, when it hit a local low of $0.108654, 97% down from its ATH

KLAY Price Prediction 2024

2024 is shaping up to be an exciting year for the cryptocurrency markets. It all started with the approval of 11 Bitcoin ETFs in the USA in January, achieving an impressive $10 billion in assets under management in less than a month.

In April of this year, there will be the 4th Bitcoin Halving event, which is expected to be quite an immediate catalyst for price rises this time around, despite this never being the case in the past.

An improving economic outlook for 2024 continues to see investors expecting the FED to cut interest rates in 2024, with the first rate cuts expected to take place in May of 2024. This would line up nicely with the next story for 2024, which is the potential approval of Ethereum ETFs in late-May—but analysts are mixed about the price action this might drive.

In the world of Klaytn, investors will be looking toward a proposed merger with the Finschia blockchain, and wondering what this outcome will hold for both ecosystems and users of both blockchains. If this is approved by the bodies governing both chains then it should be expected that this process will take the majority of 2024, and may even lead into 2025. This will freeze any development on both chains—besides that needed for the merger—leaving Klaytn in a slight state of limbo.

Based on this information, our KLAY price prediction for 2024 is restrained, and has it hitting lows of $0.10, highs of $0.50, and an average price of $0.25.

KLAY Price Prediction 2025

The Fischia x Klaytn merger will be complete either by 2025 or in early 2025. However, there is, quite obviously, no roadmap for the new chain after this event, leaving us nothing to speculate on in terms of technological improvements to the underlying protocol for KLAY—or whichever token replaces it.

However, we can look at the continued improvements in global economic growth and potential for the implementation of globally coordinated crypto regulations in the Korean home of Klaytn and other major economies around the globe as a positive development. With Klaytn governed by a set of known and, largely, centralized validators, it is likely to fair well under even the strictest of regulations.

Finally, 2025 is also the year when many analysts expect the impact of the 2024 Bitcoin Halving to take effect, and when they’re expecting to see new ATHs for many cryptocurrencies—read our Bitcoin price prediction for our expert’s insights on the matter.

All of these items point to a positive 2025 for the KLAY token price, and our KLAY price prediction for 2025 contains a high of $1.20, a low of $0.4, and a median price of $0.80.

2025 KLAY Price Prediction Chart

KLAY Price Prediction 2026

If there is no merger between Klaytn and Fischia, 2026 is when up to 2 billion unused tokens will be burned from the Klaytn treasury—if the merger does happen, as we’re assuming, these will be removed from the new token supply at the time of the merger.

The other big narrative to dominate the cryptocurrency space for 2026 will be the fallout from the Bitcoin Halving event, which some analysts expect to cause massive bleeding across the crypto markets, that is in the face of the continued adoption of cryptocurrency regulations and the growing use of these currencies globally.

Asia, where the new merged chain will be based, is already seeing good levels of crypto adoption, and this new chain could be well poised—with Klaytn hosting the Korean CBDC pilot project in 2024 and its association with internet giants in the area—to gain huge traction in this market, potentially giving it a springboard for entry into other markets around the globe.

Crypto regulatory frameworks are likely to be in place in many of the world’s major economies, allowing chains like Klaytn’s successor to be onboarding enterprises in 2026 and increasing the demand for its token.

This is why our KLAY price forecast for 2026 has a positive accent to it, with highs of $1.02, lows of $0.60, and an average price of $0.90.

KLAY Token Price Forecast Long-Term Outlook – 2026-2030 Predictions

Look further into the future and there are more clouds of uncertainty obscuring any solid KLAY coin forecast. However, we can look at a few important points to inform our 2030 KLAY price prediction.

Firstly, 2030 is when some analysts predict that we’ll be coming down from the highs achieved in 2029 on the back of the 2028 Bitcoin Halving—other analysts, however, predict that we will have broken this cycle by this point with adoption supporting and driving the price of many altcoins.

Secondly, there are crypto regulations and adoption to consider. Cryptocurrency regulations will be implemented by this point in time and they could favor more centralized versions of chains, like Klaytn and its successor. However, will the public also adopt these chains or will we see people reject the continuation of centralization and adopt crypto’s founding principle of decentralization as better for all? We will have to wait and see.

Klaytn, however, focuses on enterprise solutions and it is likely to survive any on-chain revolts and rejection of centralized services. As a result, our KLAY price prediction for 2030 has the KLAY token holding a stead price, with a low of $0.98, a high of $1.30, and an average price of $1.10.

Potential Highs & Lows of KLAY Token Price

KLAY is the native token of the Klaytn blockchain, a permissionless, layer 1 blockchain developed by a subsidiary of the Korean internet giant Kakao. It is controlled by a 35 member Governance Council, who also operate a network of validator nodes for the network. It targets enterprise solutions, and its consensus algorithm and network parameters allows for sub-1 second transaction approval times, and 4,000 transactions per second. Klay is used for paying transaction fees and for rewarding validators.

At the beginning of 2024 Klaytn proposed merging with the Fischia blockchain, a merger that is likely to go through given the nature of its already small governance council.

This merger, if approved, is expected to be completed in late-2024 or early-2025, by which time cryptocurrency regulator frameworks will begin to be enacted, providing greater regulatory certainty for Klaytn as it starts to seek out enterprise level adopters.

Below we’ve summarized our KLAY price prediction for 2024, 2025, 2026, and 2030:

Year Potential Low Average Price Potential High
2024 $0.10 $0.25 $0.50
2025 $0.40 $0.80 $1.20
2026 $0.60 $0.90 $1.02
2030 $0.98 $1.10 $1.30

What do Other Analysts Predict for Klaytn Token

We’re not the only ones interested in the future price of KLAY, and many other experts and websites have waded in and cast their predictions for KLAY. Here we summarize some of those to help provide a well-rounded perspective on what experts think about the future of KLAY.

The CoinLore website predicts a high of $0.9739 in 2025, and a high of $1.27 in 2030.

On CoinMarketCap, the OvenAdd platform predicts that the KLAY price will average $1.20 in 2025.

The CryptoNewz website doesn’t expect KLAY to climb above the $1 mark until 2027. Also predicting that it’ll climb above $2 and hit a high of $2.08 in 2030.

The CoinCodex platform doesn’t have high hopes for the future price of KLAY, with a high of $0.694138 in 2030.

The Changelly Blog uses an algorithm to predict prices, and it predicts that KLAY will trade between $2.54 and $3.05 in 2030.

What is Klaytn (KLAY) and What is it Used For?

Klaytn is a layer 1 blockchain that uses a network of vetted validator nodes to reach a consensus and provide users with sub-1 second transaction finality and a permissionless blockchain that can process 4,000 transactions per second.

Klaytn was developed by the GroundX blockchain subsidiary of Korean internet giant Kakao, and launched in June of 2019. As an open source, permissionless, layer 1 blockchain, Klaytn focuses on offering low transaction latency (sub-1 second finality), low gas fees (1/10 of those of Ethereum), and a throughput of 4,000 transactions per second, targeting large-scale enterprise applications. Notably, Klaytn has not released a roadmap since 2022 (which was only for that year).

KLAY is the native token of the Klaytn blockchain and is used for paying transaction fees, rewarding validators, and voting on Klaytn governance by Governance Council members.

Klaytn Logo Banner

The Klaytn blockchain uses the Ethereum virtual machine (EVM) for its execution environment, meaning that its smart contracts are written in Solidity, the most popular of all smart contracting languages. This makes it easy for developers to port their dApps over to Klaytn or to build entirely new dApps on Klaytn.

In early 2024, a merger with Finschia, a layer 1 blockchain developed by the Japanese internet company Line Corporation, was proposed to both communities, and, at the time of writing, the relevant governance proposals were being discussed.

Klaytn dApps and Use Cases

The Klaytn blockchain currently hosts over 300 dApps in the Klaytn ecosystem, these dApps range from DeFi platforms to blockchain games and NFT minting services. As a result of its permissionless nature, anyone can build and launch a dApp on Klaytn.

Klaytn is connected to the rest of the blockchain world via multiple cross-chain bridges, and its NFTs are available on the popular OpenSea platform. On DeFiLlama, Klaytn ranks 39th of all chains when ranked by TVL, and almost 70% of the ecosystem’s total TVL is locked in one swap platform.

Notably, the Klaytn blockchain will host the Bank of Korea CBDC pilot project, expected to run in Q4 of 2024, with 100,000 of the country’s citizens (0.2% of the population) taking part.

The Klaytn Foundation

The Klaytn Foundation was established in August 2021 in Singapore, to assist the Klaytn blockchain in its global expansion efforts. Among its other goals is the maturation of the Klaytn ecosystem.

To accomplish this the Klaytn Foundation manages the Klaytn Growth Fund, which is funded by a portion of transaction fees from the Klaytn blockchain. It operates alongside Trust, another subsidiary of the Kakao corporation, that invests in project building on the Klaytn blockchain.

Klaytn Homepage

Klaytn Governance Structure and Transaction Validation

Klaytn is governed by a Governance Council that is made up of leading global enterprises and DAOs from various industries and geographical areas. This Governance Council currently has 35 members and members must stake 5 million or more KLAY and undergo a review process to become a member (similar to the XRP Ledger). Members must adhere to stringent hardware and network resource requirements to remain a part of the council.

These Governance Council members form a validator network of 35 Consensus Nodes, which are used to create a pseudo-decentralized public blockchain that offers the performance of a permissioned blockchain in a permissionless environment.

Transactions are validated using a modified version of the Istanbul Byzantine fault-tolerance (IBFT) consensus algorithm. When validating transactions, 1 Consensus Node is chosen at random to be the Block proposer in a “round”. A Committee of other Consensus Nodes is then also randomly selected for that round, and two-thirds or more of these need to sign a block to finalize it. This can then be validated by the rest of the network’s lower-ranked nodes, run by developers for their Klaytn dApps, who check the signers’ signature keys against a publicly available list of the Consensus Nodes’ public keys.

Klaytn Scalability

The Klaytn blockchain scales using layer 2 solutions called Service Chains. These operate like rollups on blockchains like Ethereum, where they inherit the security of the main, layer 1 chain but can offer alternative execution environments.

These Service Chains are aimed at enterprise solutions, offer exceptional scalability, can be customized for specific dApp or user requirements, and can even have their own governance protocols or support nested Service Chains (i.e. layer 3s) for exponential scalability.

KLAY Use Cases, Tokenomics, and Distribution

KLAY is the native asset of the Klaytn blockchain and is required by users of the chain to pay transaction fees.

Consensus Node owners, i.e. Governance Council members, are required to stake 5 million or more KLAY tokens to be able to validate blocks and this stake then also represents that Governance Council member’s voting power when it comes to voting on governance proposals.

10 billion KLAY were issued at the Genesis of the KLAY token. Since then 5.281 billion unused tokens were burned in April 2023, and another 2 billion (the remains in Klaytn’s reserves) have been earmarked for burning should they not be used in the next 3 years. There are currently 3.5 billion KLAY in circulation. There is no cap on the maximum supply of KLAY, and 6.4 KLAY are minted with each new block—resulting in a ~2% annual inflation rate.

With each new block, the block rewards and transaction fees are combined and distributed to the following entities in the Klaytn ecosystem:

  • Block Proposing Governance Council Member – 10%
  • Token Staking Governance Council Members – 40%
  • Klaytn Community Fund – 30%
  • Klaytn Foundation Fund – 20%

The Klaytn Community Fund is designed to enable greater transparency and verifiability, and rewards projects that have made “significant on-chain contributions to the Klaytn ecosystem”, help to grow the Klaytn developer community, and support ecosystem services and infrastructure, and to invest, indirectly, in other projects. Ultimately the Klaytn Community Fund is overseen by the Governance Council.

The Klaytn Foundation Fund is also ultimately overseen by the Governance Council, provides financial support to ecosystem entities, and covers the operating expenses of the Klaytn Foundation.

Klaytn Sustainable Banner

Klaytn (KLAY) Overview?

Cryptocurrency Klaytn
Ticker Symbol KLAY
Rank #89
Price $0.2329
Price Change 24H -2.06%
Market Cap $813m
Circulating Supply 3.49 Billion
Trading Volume 24H $35.69 million
All Time High $4.34
All Time Low $0.06044

What Influences the Price of KLAY

With the future direction of the Klaytn blockchain currently in limbo, there are a more limited range of factors that we can look at as having an influence on the KLAY token price. We’ve listed those here:

  • Crypto Markets: Klaytn, like all altcoins, is susceptible to increases and decreases in the price of Bitcoin, and as the price of the biggest and most popular cryptocurrency ebbs and flows expect the price of Klaytn to loosely track it.
  • Finschia Merger: The outcome of the proposed merger between Klaytn and Finschia, and the popularity of the new chain (if there is one) with the community will affect the Klaytn price. Which direction it will go in is unknown.
  • Token Burn of 2026: If the Finschia merger doesn’t happen Klaytn plans to conduct a token burn of up to 2 billion unused tokens in 2026, a move that can often have a positive impact on the price. That said, the 5 billion KLAY burn of April 2023 had a relatively negligible impact on the KLAY token price.
  • Blockchain Regulations: As a fringe layer 1 blockchain that focuses on providing enterprise solutions Klaytn will welcome positive blockchain regulations that are likely to spur more companies into using blockchain technology and, therefore, their offerings. Negative regulations, however, are likely to have a hugely detrimental effect on the KLAY crypto price.
  • Institutional Adoption: Klaytn offers blockchain as a service, with businesses able to contribute to supporting the blockchain if they wish. If institutions begin adopting blockchain technology, Klaytn’s focus on enterprise and institutional solutions could mean that demand increases for the KLAY token, putting upward pressure on its price.

Is Klaytn (KLAY) a Buy?

The uncertainty surrounding the Finschia x Klaytn blockchain merger will drive speculation around the price of KLAY for most of 2024, and the outcome will help to provide a more secure footing for analyzing the future. Until this merger is decided, there is no roadmap for the blockchain or the KLAY token, making it difficult to say that is a buy.

However, those who are optimistic about a positive outcome for blockchain regulations, particularly in South Korea, and the enterprise adoption of blockchain technology might say that KLAY is a buy. Especially considering that Klaytn is slated to host a pilot CBDC project with the Bank of Korea by the end of 2024.

Best Place to Buy Klaytn (KLAY) in 2024

Our top pick for where to buy the KLAY token in 2024 is PrimeXBT, which supports trading for cryptocurrencies, forex pairs, major stock market indices, and a variety of commodities, along with crypto CFDs with up to 200x leverage.

Klay Price Page PrimeXBT

PrimeXBT offers users a highly responsive mobile app, for expecting and monitoring trades on the go. A feature-rich dashboard provides users with all the tools they need to conduct a technical analysis, while regular market reports help users to stay atop of market trends and upcoming events that can affect the assets they’re invested in.

For the novice investor, PrimeXTB offers a video Academy of trading materials, featuring dozens of videos for all levels of trading.

KLAY Futures Dashboard

In addition to all these features, PrimeXBT offers copy trading services (via a third party), 24/7 customer support, and a substantial referral system. However, PrimeXBT does not offer the staking service offered by some of its competitors.

Conclusion

The future of KLAY is very much up in the air with the upcoming potential of a blockchain merger. However, its focus on enterprise solutions is a tantalizing idea for some investors, especially when already combined with its partnership with the Bank of Korea to run a CBDC pilot program.

However, these positives do not have KLAY making it onto our list of the top altcoins to buy today. Follow the below link to find the hottest altcoins of today.

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Ben Beddow
Editor

Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. Since then he has produced both technical and promotional content for layer 2 protocols (Milkomeda), blockchain development companies (dcSpark and Emurgo), and written content for his own ecosystem mapping website.