Is Klever A Good Investment?

Introduction

Klever is a crypto wallet ecosystem that aims to provide a simply usable interface for everyone with low rates and fees. People can start trading on Klever with only $5. 

Klever's blockchain platform provides users with access to many necessary products and services such as crypto wallet, currency swap, web browser, exchange, staking, and payment channels. Klever coin (KLV) is a utility token that powers all products and services on the Klever ecosystem, ie., users pay the cost of products or services on Klever by Klever coin (KLV).

The team members developed Klever to address two main issues in the crypto world; crypto security problems and the user experience problem.

How Does Klever Work?

According to its whitepaper, Klever consists of four elements:

• Klever OS
• Klever App
• Klever Exchange
• Klever Labs

Klever OS is a wallet operating system that allows the developers of all platforms to run a smart and secure wallet inside their apps, cloud, servers, hardware, smartphones, pen drives, mobile devices, and wearables.

Klever App is the first app developed on Klever OS. The aim of developing this app is to allow users to have access to different kinds of services and products on a single app. These services and products include trading crypto, playing games, utilizing decentralized finance solutions, making travel bookings, and shopping online.

Swap is one of the most important use cases of Klever and its ecosystem, which enables users to directly swap one coin or token to another from one blockchain to another (e.g., BTC to TRX or ETH). By using the latest gRPC technology, Klever is one of the world's most advanced cryptocurrency exchanges, capable of supporting more than one million transactions per second.

Finally, Klever Labs is a place that projects will be crowdfunded with KLV token using a predefined structure:

1. The projects accept KLV token inside the application as a valid currency.
2. During each crowdfunding session, people can participate in projects by purchasing KLV.
3. Participating in crowdfunding can be done using BTC, ETH, TRX, USDT, and KLV tokens.
4. At the end of each crowdfunding event, tokens other than KLV will be converted to KLV and distributed to projects.
5. Each project may decide to offer rewards to VIP members.

This structure will allow users to participate in developing new projects in the ecosystem.

Financial Analysis

Based on our report, KLV's Return On Investment (ROI) over the past year was 708%, while its similar projects provided an average ROI of 11,850% for their investors. Moreover, KLV underperformed compared to the top 1500 projects of the market, which saw an average ROI of 11,850% over the same period.

Talking about market capitalization, at the date of writing this post (10/11/2021), KLV is ranked 268 among all crypto projects in the market, with an approximately $219 million market cap. Over the last five months, its rank peaked at 134 on July 1, 2021, and it started to decrease, leading to its current rank.

Also, KLV's price followed a similar trend to its market cap rank during the last five months, peaking at $0.097 on May 17, 2021, and then following an overall decreasing trend, reaching $0.039 by the time of writing this post. Moreover, KLV's liquidity score is 31% below the market's average score, making it more challenging to sell KLV if the market is falling.

Another critical factor in determining the success of a project is gaining public attention. Our data indicate that KVL's Twitter account saw a growth of 20% over the last five months, increasing from 209k followers on May 14, 2021, to 252k followers at the time of writing this post. However, KLV's popularity on Telegram decreased over the same period by 17%.

You are saying that Klever is the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.