Klaytn Price Prediction: KLAY Soars 23% On LINE-Backed Merger As This New AI Platform Heads For Sellout

The Klaytn price has soared 23% in the last 24 hours to trade at $0.235 as of 5:42 a.m. EST on trading volume that surged 1,524% to $139 million.

This surge follows the recent merger announcement between Klaytn, a Layer 1 blockchain network backed by the South Korean internet giant Kakao, and Finschia, a blockchain platform in Japan created by the messaging conglomerate LINE.

We weren’t joking when we said 2024 is going to be wild – we’ve just submitted a governance proposal to merge the #Klaytn and @finschia blockchains to create Asia’s largest Web3 ecosystem! Details below ????https://t.co/rNsqxxjBsj pic.twitter.com/mvJHPGdYof

— Klaytn (@klaytn_official) January 16, 2024

The merger between Klaytn and LINE’s public chain project, Finschia, has been proposed to bring together the strengths of both platforms and create a powerful blockchain ecosystem. 

The goal is to offer a comprehensive suite of services and features that will cater to the growing demand for blockchain-based solutions in the region.

According to the announcement, the merger intends to establish a new blockchain that supports both the EVM and CosmWasm frameworks. 

The two highlighted in a statement that the upcoming mainnet will inherit Klaytn’s integration with KakaoTalk and Finschia’s integration with LINE, serving a massive user base of over 250 million digital wallets with more than 420 decentralized apps.

Klaytn Price Cup And Handle Pattern Signals Bullish Trend Continuation

KLAYUSD Chart Analysis. Source: Tradingview.com

The Klaytn price signals a continuation of a bullish trend as the price has formed a cup-and-handle pattern.

The support zone at $0.12 has given the bulls a springboard to recover the losses accrued during the price decline. Despite the pullback at the $0.27 resistance, the bulls have shown resilience, rebounding at the $0.16 support zone and aiming to drive the price up the distance x of the cup depth.

The technical indicators are still bullish as the price trades above the 50-day and 200-day simple moving averages (SMAs), affirming the bullish momentum with the occurrence of a golden cross at the pivotal level of $0.153

The Relative Strength Index (RSI) has rebounded on the 30-oversold level, surpassing the 50 midline level. If the momentum continues, the RSI could reach the overbought level of 70. 

Klaytn Price Prediction

The general trend for KLAY remains bullish. The presence of the cup and handle pattern provides better ground for the bulls to drive the price up, targeting the $0.43 mark.

As the Klaytn price continues to surge, investors are rapidly investing in Launchpad XYZ before it closes in a little over a week—or likely earlier when it sells out. Experts say that LXP has the potential to become the next 1,000X web3 crypto. 

Launchpad XYZ Enters Final Week of Presale with $2.5 Million Secured 

Launchpad XYZ has less than eight days remaining before the upcoming launch, which is scheduled to end on January 24. 

The presale has already secured over $2.5 million in funding, marking a successful initial phase as the project enters the final fundraising period. It aims to reach a funding target of $3 million.

The LPX tokens are still available at a discounted price of $0.0445 per token before the launch. Token claiming will start on January 29 followed by listings on decentralized exchanges (DEX). 

Time flies when you’re having fun, and we’re down to just 12 days left in the #LaunchpadXYZ Presale. ⏰

Join us now and secure your spot in the home of Web3! ???? #Crypto #Presale #Web3 #Alts pic.twitter.com/m7aukOeP9a

— Launchpad.xyz (@launchpadlpx) January 12, 2024

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???? On-chain analytics involves analysing blockchain data for investment insights.

Look at transaction volumes, active addresses, etc. #Crypto #Web3 #AltSeason pic.twitter.com/m6hFXl8Mb4

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Additionally, you get an NFT access card to exclusive VIP trading channels if you buy $LPX tokens worth $50 or more. 

You can engage in play-to-earn games to generate passive income. The platform is also developing a DEX, which allows you to enjoy low trading fees when holding a minimum of 10,000 LPX tokens. This will enhance the utility and value of LPX tokens.

???? On the hunt for the next big #Crypto opportunity? With #LaunchpadXYZ, unearth trades with the potential to 10x.

Dive into a sea of opportunities and find your next big win. ????#Presale #Blockchain #Web3 #Alts pic.twitter.com/KEgSwizCPK

— Launchpad.xyz (@launchpadlpx) January 12, 2024

Expert analyst and YouTuber Alessandro De Crypto explains the process of buying and using the LPX to access benefits and rewards. In the review, he explains the potential Launchpad XYZ promises and why you should buy now.

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