cryptonews

Majuro, Marshall Islands, 25th February, 2022, Chainwire

Gate.io and Legend Trading’s new partnership now adds support for 6 new fiat currencies including EUR, GBP, CHF, AUD, CAD, and JPY other than USD. This will allow its users to seamlessly and directly move funds from their bank accounts into their crypto trading accounts on the exchange to purchase crypto. 

The respected trading firms have launched a powerful partnership to offer an institutional-grade trading service that provides users with compliant access to the most competitive fiat-to-crypto pricing. Customers can make a deposit through Swift, ACH, SEPA, Faster Payments, and more.

About Gate.io

Gate.io allows blockchain enthusiasts to trade and store assets in over 1,300 of the leading cryptocurrencies for over 10 million users from over 190 countries. The exchange offers spot, margin, futures, and contract trading in addition to DeFi products through Hipo DeFi, custodial services through Wallet.io, investments through Gate Labs, and its dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT M ...

The world’s biggest Ethereum whale ‘Light’ has purchased 49,998,916,299 SHIB in one day. Experts claim that the purchase forms part of the highest and most remarkable SHIB tokens accumulated by ETH whales.

Of note, the whale’s purchase was discovered based on a tweet shared by WhaleStats, an on-chain analyst of the top 1000 ETH wallets. Aside from how the transaction forms part of the highest amount of SHIB bought by whales, it also ranks first on WhaleStats’ transaction tracking statistics.

The mentioned 49,998,916,299 SHIB is roughly estimated to be around $1,211,473. In fact, the whale’s purchase seems to be sparking an altcoin buzz and sentiments that SHIB and its overall market could experience a new, unseen high in the market.

After seeing the news, many of the more than 172.5K Twitter followers of WhaleStats echoed their excitement towards Shiba Inu. Moreover, they were quick to react to how SHIB has massively shaken Twitter and the mainstream media since its launch. Fans are expecting and looking forward to seeing SHIB smash more milestones.

The majority of the netizens have diverse opinions that the purchase will elevate SHIB and its performance to a different level.

Meanwhile, the purchase has not spiked any significant price uptrend for Shiba Inu to a bullish mode so far. At the time of writing, the price of SHIB is $0.00002397. It ranks as the 14th largest cryptocurrency with over $13.1 billion market capitalization on coin and token information website CoinMarketCap.

El Salvador inaugurated its first public veterinary hospital, funded by Bitcoin. To officially open on February 26, the facility will boast “never before used” equipment.

On February 23, President Nayib Bukele launched Chivo Pets, the region’s first public animal veterinary hospital, using funds from Bitcoin gains. This was announced on the president’s Twitter and was live-streamed through various social media platforms. The opening was also witnessed by El Salvadorans on cable television.

Through its official Twitter page, Chivo Pets gave the public a sneak peek into what they can expect from the hospital:

The facility provides ample spaces that include a wide pet play area, pharmacy, rehabilitation center, and medical staff quarters, among other amenities. The new veterinary hospital employs a team of staff “trained in the area” and has expertise in “never before used in the country” high-tech medical equipment.

The services from the facility will only cost citizens “$0.25 paid through any digital wallet”.  The public hospital promises to charge the same price to save costs for people “who do not have the financial capacity to pay for a private veterinarian.”

Bukele first announced the plan last year in a series of tweets, saying that the project will be built using $4 million excess of the crypto fund since adopting Bitcoin as a legal tender. The tweet came with a video of the facility’s 3D model.

Construction went underway thereafter, but the initial plan to inaugurate the facility on February 19th was halted without clarification.

Nevertheless, friends of the furry ones will expect more of what the public veterinary hospital can offer once it opens on Saturday.

This Golem (GLM) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our price analysis and prediction.

The cryptocurrency market has started to surge again. In fact, there are many crypto assets that increased to a new all-time high during the recent 2021 bull run. Golem was among the cryptocurrencies that did not attain a new all-time high having sustained its previous all-time of $1.25 that was attained on January 4^th, 2018 according to CoinMarketCap.

Nevertheless, the crypto market is recovering slowly, and most cryptos are losing their previous gains. Is the scenario the same as the GLM price? We’ll find out shortly in this Golem price analysis 2022 article. But first, let’s have a look at what GLM is.

What is Golem (GLM)?

On April 28th, 2016 the Golem Project was announced, led by Golem Factory. The network launched on mainnet on April 10, 2018. The Golem Network is a decentralized computation network, a new way of distributing redundant computing power to those who are in need of it, on-demand. It creates a peer-to-peer network where users join on an equal basis to buy and sell computation, splitting up complicated tasks into smaller subtasks in the network. In Golem there’s no central authority and no user is more or less important than another.

GNT or Golem Network Token is needed to pay for computations on the network and is the currency that drives our marketplace. As a Requestor, you set a bid for an amount of GNT you are willing to pay to have your task completed. As a Provider, you earn GNT by computing tasks for Requestors. You can set your minimum and maximum price thresholds in your settings.

Golem tools include:

• Golem SDKs which includes Requestors and Providers tutorials
• Execution Environments (eg. Wasm, VM, SGX stack)
• Python, JavaScript and Rust API
• Awesome Golem, a community-curated list of resources, links, projects, tools and applications on Golem!

Golem (GLM)) Current Market Status

Golem (GLM) is one of the most aggressive cryptocurrency assets in the crypto market today. In fact, crypto was able to record a growth rate of over 15.4% in the past month. For this reason, GLM has become one of the most talked-about digital assets in the crypto world due to its recent surge.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies in CoinMarketCap, since it is in the 138^th position.. As a result, the GLM price trades at $0.3586 with a 24-hour trading volume of $69,448,371 and a 24-hour increase of 27.88%. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what Golem cryptocurrency is, do you think GLM is a good investment this year? If you are already excited to know, come, and together let us check this Golem (GLM) price prediction and price analysis article.

Golem (GLM)) Price Analysis 2022

Currently, GOLEM holds 138^th place on CoinMarketCap. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GLM price prediction article.

From the 1Day chart of GLM/USDT above that shows the William Alligator, we can see that since the jaw (blue curve) is above in recent trend. This means that there is a high probability that the price of Golem will be bearish soon.

The relative strength index of GLM is 50.18, which means that the present uptrend is strong since it lies between 50 and 70, though it is could get to the overbought region soon.

Since the 90-MA of Golem (GLM) is above the 30-MA, investors should be hopeful that the price of GLM will be bullish in the future.

Golem (GLM) Price Prediction

From the chart below, if the bears have their way, the price of Golem might break the $0.2790 at suppport1 level and plummet to $0.1689 at support2 level, which is the bearish price signal for 2022.

Conversely, the market might run with the crypto, thereby making its recent uptrend position to be sustained, so that the price of GLM will break the $0.4201 at resistance1 and even move higher to $0.8005 price at the resistance3 level, the bullish signal for 2022.

Golem (GLM) Price Prediction 2022

If GLMs bullish trend continues, GLM will reach $0.8005 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.5578. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Golem (GLM) Price Prediction 2023

The price of GLM can move even great heights, however reaching $2. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Golem breaks past the psychological resistance level.

Golem (GLM) Price Prediction 2024

As per the latest upgrades, developments, GLM price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of Golem in the crypto market, and it will be the best investment as the price can spike and reach around $4.

Golem (GLM) Price Prediction 2025

In the next four years, Golem (GLM) prices could rise up to $5. However, reaching this level could not be so difficult for GLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Golem (GLM) Price Prediction 2026

In the next five years, GLM prices could rise up to $10. However, reaching this level could not be so difficult for Golem as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

Golem has a great future ahead of it in 2022. With ongoing developments happening within the Golem Network, as well as in the overall crypto market, we may see API3 reach new heights. The bullish price prediction of GLM is $0.8005.

Meanwhile, our long-term Golem price prediction for 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $1.25 according to CoinMarketCap this year. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that Golem is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

China’s crackdown on cryptocurrency took another turn on Thursday as the country’s Supreme Court declared it illegal to use Bitcoin or any other cryptocurrency as a means for fundraising.

This revision to the country’s judicial interpretation for illegal fundraising is the first time that China has included virtual currency transactions. With this being the case, all activity and behavior related to the absorption of funds through virtual currency will be punished.

The aim of this new policy change is to mitigate the risks associated with digital currency fundraising and the absorption of funds from the public. The new law will come into effect on March 1, 2022.

According to local media, the revision also improved upon the conviction and punishment of all illegal fundraising crimes. Appended to the four existing characteristics of the law, it added online lending, digital currency transactions, crime, financial leasing, as well as a few others to the revised list.

China’s strict policy on cryptocurrency is nothing new, as the country has already announced over a dozen bans relating to a variety of cryptocurrency activities in the past several years. The most recent being in 2021, when a committee of top regulators issued a blanket ban on all activities related to cryptocurrencies.

These new guidelines have declared all cryptocurrency transactions illegal in mainland China and have prohibited foreign cryptocurrency exchanges from offering any of the services available on their platform. State regulators have continued to implement more policies since then to completely eradicate the majority of cryptocurrency mining and trading from the country.

ByRaymond Hsu, Cabital’s Co-Founder and Chief Executive Officer

One of the reasons that crypto markets can be so volatile is because of FOMO and FUD. Investors should take advantage of these low prices, stick to a DCA strategy, and earn high-interest income from your idle digital assets.

It has been a tough start to the year for everyone holding crypto.

The Federal Reserve’s indirect hints of future rate hikes in addition to reports claiming that India and Russia would completely ban cryptocurrency trading and mining threw the emerging digital asset industry into a spiral.

Bitcoin dropped below $45,000 for the first time since last August and Ether lost over half its value from it’s all-time high at one point earlier in the year. With all coins considered, $500 billion left the cryptocurrency space in January according to CoinGecko data.

CoinGecko source

Sadly, many people feel like they were burned this year since 2021 will go down as the year of mass adoption and the beginning of institutional interest in crypto. But who can you blame? There are many actors and events that impact the crypto market, from interest rates to upcoming regulations, from new innovations and institutional adoption.

Ey.com source

There isn’t one single person that can take the blame, so what I prefer to do is ask myself how to play this market dip? The age-old question stands: Do you hold on for dear life (HOLD), buy the dip, or flee in panic and lick your wounds? Here’s what I believe are some of the best strategies to thrive in a bear crypto market, which we call in the industry, a crypto winter.

Dollar-cost averaging (DCA)

DCA is an investment technique that aims to reduce the impact of market volatility by investing a set amount on a regular schedule (for example, purchasing $100 of bitcoin every two weeks). And it’s not unique to digital assets — traditional investors in equity and debt markets have been using DCA for decades to endure stock market volatility.

The whole point is to avoid making the mistake of making one lump-sum investment that is poorly timed regarding asset pricing. When you buy the highs and the lows, you will acquire an overall good price over time.

On various cryptocurrency exchanges and crypto wealth management platforms, you can take advantage of the DCA investment strategy with an automatic recurring buy. All you must do is choose the digital asset you want to buy, specify an amount, and choose to purchase it daily, weekly, or monthly.

You may be worried that the market will continue to go down, and it just might. But if you use the DCA strategy, you will capture the very lows, making your average DCA lower than if you just bought towards the top in a one time buy.

A case study by a major American cryptocurrency exchange can show us the power of the DCA investment strategy over a long-term time period. Let’s look at Litecoin from October 2018 to May 2019. During those seven months, Litecoin experienced volatility, moving between $22.95 and $114.86 per coin.

Then imagine if you decided to set up a DCA recurring buy for $200 of Litecoin every month starting on October 15, 2018. By May 15, 2019, you would have bought $1,600 worth of Litecoin. If you sold all your Litecoin at that point, you would get $3,208.02, a profit of $1,608.02.

On the other hand, if you bought the same amount of Litecoin ($1,600 on a single day, October 15, 2018, and sold all of it on May 15, 2019, you would only earn $2,721.17, almost $500 less profit if you used the DCA strategy. The difference is clear, DCA works.

Generate high-yield passive income with stable coins

With inflation running rampant with the U.S. hitting a 39-year high of 7%, depositing stable coins into a cryptocurrency savings platform to earn up to around 12% a year is a great way to hedge your risk against inflation along with building your crypto portfolio while prices are cheap.

Stable coins were created to eliminate price volatility. A stable coin, if created properly, are effective units to store value and a great medium of exchange.

Stable coins are in high demand, as they are typically backed by real world assets, such as U.S. dollars, treasury notes and even real estate. With that in mind, you can use stable coins, such as USDT and USDC to deposit into cryptocurrency savings platforms and generate high-yield passive income.

Once we enter the next bull market, you will be very pleased that you staked your stable coins, as you will see your portfolio balloon to new highs.

Don’t be tricked into FOMO and FUD

Staying on top of the latest news and trends in the cryptocurrency space is important, as it is changing very quickly, but too much information cannot always be a great thing. This is true in bear markets, where it is easy to let your instincts take over and buy dips that one can not afford. Buying the dip can be fun, but those credit card fees add up. And let’s be honest, nobody knows when the dip will end.

The feeling “fear of missing out” (FOMO) and “fear, uncertainty and doubt” (FUD) are common terms in the crypto space, but those emotions need to stay in check. Powerful emotions such as FOMO and FUD can have strong influences on how you invest and throw you off track from achieving your financial long-term goals.

Remember: Nobody can predict the future with 100% accuracy. And nobody’s advice is perfect. Nobody knows everything. So, it’s best that you do your own research before you come to an investment decision and always stay calm, cool, and collected.

One of the reasons that crypto markets can be so volatile is because of FOMO and FUD. The good news is that institutional investors, who have long-term strategies, over time will help keep bottom lines propped up in bitcoin and ether, but that is just starting. So, for now, retail investors must learn to weather the storm and stick to their strategies that are tested and work.

Don’t let this bear market overwhelm you. They come and they go. Instead, take advantage of these low prices, stick to your DCA strategy, and earn high-interest income from your idle digital assets.

Most importantly, stay patient and positive – after winter always comes spring.

The price of Bitcoin has dropped to below $35,000. This is the first time the price has dropped to such a low since July 2021. And, this rapid fall can be attributed to Russia beginning its military operations in Ukraine. The price nose-dived after President Vladimir Putin announced a “special military operation” in Ukraine. Analysts had earlier predicted this decline when tensions between the two nations were on the rise.

According to data from CoinMarketCap, the total cryptocurrency market cap has also lost roughly 5% in the last 24 hours, bringing the total market cap down to below $1.6 trillion.

Bitcoin is the world’s most valuable cryptocurrency that was at $69,044 ATH in November 2021. But this very popular coin has declined almost ...