While Klaytn Price Explodes, These Low Cap Gems Might 10x This Year
KLAY, the ticker for the Klaytn cryptocurrency that powers Klaytn’s metaverse-focused layer-1 blockchain protocol, has been pumping over the course of the last four days. Since last Thursday, the cryptocurrency has pumped an impressive more than 55% from the low $0.20s to current levels just above $0.34.
The latest pump is technically significant because 1) it marks a clean break above all of KLAY’s major moving averages for the first time since 2021 and 2) KLAY has been able to break to the north of major resistance in the form of H2 2022 highs in the $0.33 area. This means the door is open to a continued run higher towards $0.50, assuming the upbeat mode in crypto remains and major coin prices keep advancing.
A break above $0.50 would open the door to a quick run higher towards the next major resistance area around $0.72 and potentially a melt-up towards resistance in the $1.0 area. KLAY’s recent pump could have legs, as it is seemingly being helped along by an announcement of major tokenomics and governance changes by the Klaytn Foundation.
The explosion in interest in promising altcoins like Klaytn bodes well for the tokens of lesser-known, up-and-coming crypto projects. Indeed, investing in the token presale of a great crypto project is one of the best ways to generate a return in crypto. Here is a list of a few presales vetted by the Industry Talk team at Cryptonews.com that observers think could take off later this year.
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023.
Fight Out is a
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