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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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GYEN

GYEN

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Stablecoins

‘Stablecoin‘ (e.g. , ) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks

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Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.

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Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.

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Collateral risk: There’s a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).

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FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate

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Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there’s a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.

About GYEN

GYEN is a stablecoin running on Ethereum that’s intended to maintain a value of one Japanese Yen. The company behind GYEN, GMO-Z.com Trust Company, claims to hold reserves that fully back each GYEN.

Resources

Whitepaper
Official website

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£10.6M

Volume (24h)

£8,203.15

Circulating supply

2.1B GYEN

Typical hold time

29 days

Popularity

#1011

All time high

£0.0056

Price change (1h)

-0.08%

Price change (24h)

+0.25%

Price change (7d)

-0.65%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about GYEN

The Block • Apr 29, 24

May preview: $1.25 billion Pyth unlock leads major token unlocks from Avalanche, Aptos, Arbitrum, and more

Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.

Read more

News Article Image

CoinDesk • Apr 28, 24

Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.

Read more

News Article Image

BeInCrypto • Apr 28, 24

Ethereum Prices Soar as Transaction Fees Hit Six-Month Low

Ethereum emerged as the top-performing digital asset of the week, with its price increasing by over 6%, coinciding with a significant drop in gas fees.The post Ethereum Prices Soar as Transaction Fees Hit Six-Month Low appeared first on BeInCrypto.

Read more

News Article Image

The Block • Apr 28, 24

BlackRock’s $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund’s board

Haswell has years of crypto experience at Blockchain.com, MoonPay, and as a founding team member of the Core blockchain.

Read more

News Article Image

BeInCrypto • Apr 28, 24

Four Reasons Why Ethereum Is Not a Security: Consensys

Amidst SEC scrutiny, Consensys defends Ethereum's non-security status, citing historical views, regulatory consistency, and its decentralized, open protocol nature.The post Four Reasons Why Ethereum Is Not a Security: Consensys appeared first on BeInCrypto.

Read more

News Article Image

BeInCrypto • Apr 28, 24

Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React?

Shibarium's forthcoming upgrade on May 2 aims to enhance transaction efficiency and stability, promising a bullish outlook for SHIB's market performance.The post Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React? appeared first on BeInCrypto.

Read more

News Article Image

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Social

Some highlights about GYEN on social media

17 unique individuals are talking about GYEN and it is ranked #885 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, GYEN has an average sentiment score of 3.2 out of 5. Finally, GYEN is becoming more newsworthy, with 0 news articles published about GYEN. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about GYEN. There were 78.57% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about GYEN. 21.43% of tweets were neutral about GYEN. These sentiments are based on 14 tweets.

On Reddit, GYEN was mentioned in 0 Reddit posts and there were 0 comments about GYEN. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

17 people

Volume rank

#885

Average Sentiment

3.2 out of 5

Twitter

GYEN is on the decline this week.

The price of GYEN has decreased by 0.08% in the last hour and increased by 0.25% in the past 24 hours. GYEN’s price has also fallen by 0.65% in the past week. The current price is £0.0051 per GYEN with a 24-hour trading volume of £8.20K. Currently, GYEN is valued at 9.51% below its all time high of £0.0056. This all-time high was the highest price paid for GYEN since its launch.

The current circulating supply of GYEN is 2,098,780,833 GYEN which means that GYEN has as total market cap of 2,098,780,833.

FAQ

What is the current price of GYEN?

We update our GYEN to GBP currency in real-time. Get the live price of GYEN on Coinbase.

What is the market cap of GYEN?

The current market cap of GYEN is £10.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of GYEN?

The all-time high of GYEN is £0.0056. This all-time high is highest price paid for GYEN since it was launched.

What is the 24 hour trading volume of GYEN?

Over the last 24 hours, the trading volume of GYEN is £8.20K.

How many GYEN are there?

The current circulating supply of GYEN is 2.1 billion.

What is the typical holding time of GYEN?

The median time that Coinbase customers hold GYEN before selling it or sending it to another account or address is 29 days.

What is the relative popularity of GYEN?

GYEN ranks 115 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of GYEN?

Currently, 100% of Coinbase users are buying GYEN. In other words, 100% of Coinbase customers have increased their net position in GYEN over the past 24 hours through trading.

Can I buy GYEN on Coinbase?

Yes, GYEN is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy GYEN guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024