Kakao's Klaytn Coin Surges: Is It Okay to Buy Now?
3 min read · · Korean original
Hello, this is Bitpunk. Today I'd like to talk about Kakao's Klaytn. With recent news of an Upbit listing, Klaytn, which had been sitting in the KRW 200 range, more than doubled to over KRW 400 in about a week.
What Is Kakao Klaytn?
Kakao Klaytn is the token used on the blockchain platform currently being developed by Ground X, a subsidiary of Kakao. The goal of Klaytn's governance is to build a blockchain for the mainstream. While the token's use cases are still not entirely clear, Klaytn has been on the rise thanks to the Kakao brand name and the recent early-bull-market mood in the crypto market. For more details, please refer to the following post.
- Introduction to Kakao's Blockchain Klaytn
Should You Buy Klaytn Now?
Honestly, this is an extremely difficult question. When the price has gone up, it's hard to decide whether to chase the rally or wait to buy when the price comes back down. "If I don't buy now, Klaytn is going to the moon," and "If I buy, it'll drop" — that's probably the shared feeling of every investor.
I can't presume to give investment advice, but what I can say is this: because the crypto market is often extremely volatile, whenever you invest you should always manage your funds within a range you can afford to lose, and be sure to have a risk management strategy ready.
In particular, Klaytn is still just a small altcoin with a small listing footprint and not especially deep liquidity, so you should trade it carefully. For a post on the circulating supply and total supply of Kakao's KLAY coin, please see the link below.
Kakao Klay Coin Analysis: What Are Its Circulating Supply and Total Supply? And Its Market Cap?4 min read
How to Buy Kakao Klaytn
Klaytn is currently listed on several exchanges, but among them, it may be a good idea to buy it on Coinone, which makes signing up easy and is one of the top 3 exchanges. It is not yet listed on Upbit or Bithumb. If you sign up through the link below, you'll get a 10% discount on trading fees.
Sign up for Coinone and buy Kakao Klaytn
You're invited to Coinone.Sign up now and check out your own special rewards.coinone.co.kr ↗
