Wrapped KLAY (WKLAY) FAQ

Question 1

What determines the price movement of Wrapped KLAY (WKLAY)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Wrapped KLAY.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Wrapped KLAY, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Wrapped KLAY. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Wrapped KLAY on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Wrapped KLAY. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Wrapped KLAY and the broader cryptocurrency market.

Question 2

What is the highest price of Wrapped KLAY price in history?

Accepted Answer

Wrapped KLAY achieved the all-time high of 22.82 in 2023-01-01, and is currently trading at 0.06749.

Question 3

What is the lowest price of Wrapped KLAY price in history?

Accepted Answer

Wrapped KLAY reached its all-time low of  0.01088633 on 2023-01-01.

Question 4

What is the current market cap of Wrapped KLAY?

Accepted Answer

The current market cap of Wrapped KLAY is  3586667.029565189, as 53143680.98333367 WKLAY is trading at the price of 0.06749.

Question 5

How many Wrapped KLAY are there in the market?

Accepted Answer

There are currently 53143680.98333367 WKLAY circulating in the market. These Wrapped KLAY can be actively traded or used in the open market.

Question 6

What is the maximum supply of Wrapped KLAY?

Accepted Answer

The maximum supply of WKLAY is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Wrapped KLAY?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Wrapped KLAY is 3586667.0295651893883. The FDV is calculated taking the assumption that all supply of Wrapped KLAY is circulation, multiplied by its current price of  0.06749.

Question 8

What is the price prediction of Wrapped KLAY ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Wrapped KLAY price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Wrapped KLAY a good investment?

Accepted Answer

Wrapped KLAY offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Wrapped KLAY and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Wrapped KLAY.

Question 10

How to buy Wrapped KLAY?

Accepted Answer

You can buy Wrapped KLAY via Gate by following the steps on <0>how to buy WKLAY once you have funded your account.

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