KLAY among top 5 weekly performing crypto class assets after Binance listing
It is once again time to update the market capitalization rankings, with the top five assets ranked by the weekly performance. We have updated the market cap rankings for the last week, on January 9, 2019. Also, we have added another asset to the ranks, and its name is KLAY.
With the recent listing of KLAY on Binance, we can finally say that the asset has made it into the top 5 of the weekly performing crypto class assets list. The ranking system on Binance is based on the price change in the last 24 hours, with the lowest-priced asset in the Top 10 listing receiving a 0.1% dividend. The following screenshot indicates that all the 5 tokens in the Top 10 list are from China.
KLAY is one of five cryptocurrencies newly listed on Binance, a blockchain-based cryptocurrency exchange. The Binance listing came after a long wait due to regulatory issues and a slow market. Upon listing, the price of a Binance token increased by $1.2 million in a single day, and it’s continued growth since then is a testament to the raging interest in the cryptocurrency market.
Summary of the situation
After listing on the Binance exchange, the price of KLAY increased in volume.
The value of the currency is still well below the $4.35 peak reached in April.
During the listing, the coin reached a value of over $1.
Clay price analysis: Price Overview
Binance newcomer KLAY has made great strides since its listing on the leading exchange. The currency, which was only offered on major South Korean exchanges, reached a two-month high of $1,356. This was accompanied by a sharp increase in transaction volume, which reached $28.68 million, up from $13.05 million. Still, the increase in trading volume did not help KLAY recover from its April decline, where the price fell 83.45% to a 6-month low of $0.72.
In mid-April, the currency was trading above the important trend line around $4.35. In trading, the coin hit levels above $1 as traders and analysts rushed to anticipate a price rally following the announcement of a partnership with Binance; most noted a death cross on the daily chart, but dismissed the possibility of a downward trend.
The 24th. In June, Kaytn’s 50-day simple moving average broke through the 200-day simple moving average, suggesting that a medium-term breakout is very likely. KLAY is currently trading around $0.97 with a 20-day exponential moving average of $1.02. The positive indicators are the RSI and the MACD, which are both in overbought territory. Perhaps the selling pressure will subside and the bulls will regain the upper hand.
KLAY Price movement in the last 24 hours
Klaytn (KLAY) has recovered from the bearish momentum created at yesterday’s close and has maintained bullish momentum since the market opened on the 24-hour chart.
The opening price is $0.93.
While the bears are hesitant to let the Klay price get out of control, the bulls have been busy breaking through $1 resistance for most of the day.
The daily range is quite wide and the Bollinger Bands are moderately wide, indicating high volatility. Buyers should come in droves to counter any pressure around $1.24 – $1.29, where bears are likely to show up due to break-even traders. The highest price of the day is $1.01.
The 4-hour chart of KLAY/BUSD is drifting in a downward channel. The bulls are trying to consolidate their exit from the downtrend below the intermediate Bollinger line. Weakness seems to be keeping the price below higher levels and there is concern that the price could close below the 200-day simple moving average. Buyers are in favor of a retest of the 20-day exponential moving average and are now targeting the next leg of the uptrend to $1.62.
KLAY Price Analysis Lock
Klaytn is an enterprise blockchain that uses a user-friendly public-private blockchain. Blockchain is a product of Korea’s largest exchange, Kakao, and will allow companies and enterprises to unlock the value of decentralization through a hybrid design. KLAY is Klaytn’s own blockchain token.
Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.When a new exchange is added to the marketplace, users of the platform have to wait until the trading starts to see the real performance of the token. However, for the first time this week, we can see the actual performance of the KLAY token on the Binance exchange. The token was listed at $60 before Binance listing and it is now trading at around $65 after the listing.. Read more about klaytn binance and let us know what you think.