Affected by the merger news, KLAY and FNSA both rose by more than 20% in 24 hours
According to market data, on January 16th, the Klaytn token KLAY was priced at $0.25, with a 24-hour increase of 31.8%. The Finschia token FNSA was priced at $34.74, with a 24-hour increase of 22.6%.
Earlier news reported that Korean internet giant Kakao's Layer 1 network Klaytn and Japanese communication giant Line's public chain project Finschia proposed a merger. Both parties plan to create a new blockchain that supports both the EVM and CosmWasm frameworks, creating the largest web3 ecosystem in Asia.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Market Turmoil Hits Pi Network: Investors Face Uncertain Future
In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.
1 in every 5 Americans hold Crypto: Ripple CLO
Trending news
MoreCrypto prices
More
