The Klaytn Merger Announcement
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.
Klaytn and Finschia Merger Details
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.
Klaytn Price Bullish Movement
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.
Klaytn Token Sale at Launchpad XYZ
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.
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Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.