Klaytn (KLAY) recently saw an unexpected surge in price, rising to as high as $0.1985 amid higher retail euphoria.
Klaytn, a public blockchain project led by the South Korean telecom giant Kakao, recently saw a 25% surge in price. Market participants were baffled by the sudden gains.
Apart from retail interest, however, there were more factors at play behind the altcoin’s price surge.
Klaytn developers back price action
One reason behind the sudden раст цена could be the launch of a beta version of its decentralized governance portal, Klaytn Square. According to an update from Klaytn Foundation, the Klaytn Square portal launched in beta to advance on-chain governance.
Source: https://beincrypto.com/can-klaytn-developers-continue-prop-klay-price/