Clay, a virtual asset (cryptocurrency) issued by the Kakao blockchain subsidiary Ground X, ranked 13th in the world rankings in terms of market capitalization.
According to CoinMarketCap, a site that provides cryptocurrency information, Clay is currently 13th in terms of market capitalization, ahead of Bitcoin Cash, Stellar, Terra, and Dogecoin. The market capitalization is over 10 billion dollars (113 trillion won).
Clayton also posted the information on Twitter.
As of 9:40 am on the 31st at 9:40 am on the 31st, clay is being traded at around 4800 won at cryptocurrency exchange Gdak and other exchanges listing Clay. Considering that the price was around 100 won when it was listed on some domestic exchanges in early June of last year, it is a huge increase.
The rise in clay prices is the emergence of a clay-based decentralized finance (De-Fi) service, an overall rise in cryptocurrency prices due to overheating, and the fact that Ground X is also actively engaged in the non-replaceable token (NFT) business, which is growing in interest recently. It is interpreted as a result of the interlocking of the possibility of synergy.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.