Klaytn Price Prediction 2025-2030: Will KLAY price reach $10 till 2025?

KEY TAKEAWAYS

• The Klaytn price closed the previous $6.80 with a market capitalization of $5.28 billion and a circulating supply of 762.20 million KLAY.
• The KLAY price maintained a stagnant trend from the past couple of months and attempted to rise notably to end the yearly trade on a bullish note.
• In the next 5 years, the KLAY price is expected to undergo a 10x rally to reach the specified target beyond $5.

KLAYTN PRICE PREDICTION TODAY

KLAYTN TECHNICAL ANALYSIS

Source: Tradingview

• The KLAY price has been on a significant downward trend for the past few months, which was recently broken due to a massive influx of buying volume.
• With a significant upswing, the price has now surpassed the critical levels around $0.2, aiming to surpass $0.3 in the coming days.
• The price appears to have formed a bull flag in both the hourly and daily time frames, indicating that the bullish trend may continue for some time.
• As a result, a breakout is expected to take the price above $0.31, and if the bears remain calm, the KLAY price may even reach levels above $0.35 in the coming days.

Read more: Bitcoin Technical Analysis

KLAYTN ON-CHAIN ANALYSIS

• The volatility of the asset has reached the skies by surging from levels around 0.49 to as high as 1.80

Source: Messari.io

• The social dominance of the token has dropped heavily but the development activity of the platform has raised ever since the beginning of the month

Source: Santiment

WILL KLAYTN PRICE REACH $0.28 TODAY?

After experiencing a significant rise in the previous few days, the Klaytn price has remained stable in recent days. The token attempted to surpass $0.28 multiple times but failed each time, resulting in significant bearish pressure and a significant drop in price. Because selling volume has increased since the early trading hours, the descending trend may continue for some time.

As the trade approaches the daily close, the KLAY price may increase volatility, which may intensify price movements in either direction. If the bulls tighten their grip, the price may rise above $0.28, otherwise, the consolidation below $0.25 may continue.

Therefore, the Klaytn price prediction for today is around $0.265 to $0.272.

WILL KLAYTN PRICE REACH $0.35 BY THE END OF OCTOBER 2022?

Since it was rejected in August, the popular crypto asset has been trading in a downward trend. The price rebound at $0.12 was caused by a massive influx of buying volume, which increased the price by more than 130%. The bears are currently attempting to keep the price below $0.27, but the token is expected to increase its volatility and rise significantly.

While the trade is approaching the monthly close, the KLAY price is expected to begin a significant upswing. In order to surpass $0.35, the token is expected to first cut through $0.25 and then at $0.3. As a result, the Klaytn price prediction for the week is around $0.32, while the monthly prediction is $0.37 to $0.38.

KLAYTN PRICE PREDICTION 2025-2030

The Klaytn price has been significantly undervalued for a long time, as it has maintained a steep descending trend. As a result, a significant upswing is expected in the coming days, which could increase the price by more than 70% to 80% in the next 6 to 8 months. The KLAY price is expected to rise above $0.5 and hit $1 in the next five years, before attempting to maintain a significant upswing in the coming years. 

Therefore, the Klaytn price prediction for 2025 is around $5 while the price prediction for 2030 may be a double-digit figure.

KLAYTN NEWS UPDATE:

• Klaytn rolls out a proposal to reduce the block rewards and the price raised heavily as the Klaytn Governance Council(GC) approved due to the current market situation.
• Klaytn partners with Zetachain, cross-chain smart contract platform to advance built-in omnichain interoperability. 

We're taking yet another step towards our vision of an open #metaverse 💪

Read more to find out about our partnership with @zetablockchain
https://t.co/9e1HsHZZOl

— Klaytn (@klaytn_official) October 3, 2022

Prices as on 31st October, 2022.