Gate.ioบล็อกAugust 2022 | Gate.io Monthly Featured Articles and Market Highlights
August 2022 | Gate.io Monthly Featured Articles and Market Highlights
31 August 15:30
Gate.io monthly featured articles will include the most liked and the most viewed entries from our August blog posts. We will also integrate the release of macro global events in the following month. Because the market is changing rapidly, our updates will help you capture the latest valuable information and ensure your access to quality articles.
✨ August Highlights ✨
#Tesla sells Bitcoin; #Solana is attacked on a large scale; #Shiba Inu coin and Dogecoin rise#
🔷 How to avoid FOMO emotion in transaction “FOMO means acting on impulse, which often arises from perceived opportunity that a trader does not want to let pass, therefore, deviating from plans.”
🔷 Will NFT Overturn the Music Industry? “Based on NFT, artists can fully own the ownership of their music works without sharing the profits with music companies, lawyers and other intermediary institutions, which is the embodiment of the core value of NFT music.”
As of August 30, the crypto market Fear & Greed Index was [Fear-27], down 12 from [Fear-39] last month.
In August, Bitcoin broke through $25,000 for the first time since the collapse in June, but then returned to $20,000. Large institutions have retreated in the macro situation. Tenacious retail investors are the backbone of this bear market cycle. According to Chainalysis, the number of Bitcoins held for more than one year has increased by 54,300 on average in the past four weeks, which is approximately the largest increase in four months. Meanwhile, according to Arcane Research data, the cryptocurrency exchange had a net outflow for three consecutive months, and investors chose to put their tokens into cold wallets instead of selling them. As of August, the real rebound force has not yet appeared. We hope that the Ethereum upgrade in September can introduce new vitality into the market.
🟠 The BTC opening price in August was $23,776.05, and the current quotation was $20,466.10 at 12:00 on August 30, representing a decrease of 13.92%.
🔵 The ETH opening price in August was $1,071.60. At 12:00 on August 30, the current quotation was $1,582.23, representing a decrease of 7.58%.
🌍 Global Affairs in September 🌍
Author: Gate.io Observer: Jill Ma Translator: Joy Z.
* This article represents only the views of the observers and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.
This page is not intended for residents and citizens of Spain, Cuba, Bolivia, Venezuela and other Spanish-speaking jurisdictions listed in the Restricted Locations related terms of Gate.io's User Agreement.Español
This page is not intended for residents and citizens of France, Canada and other French-speaking jurisdictions listed in the Restricted Locations related terms of Gate.io's User Agreement.Français (Afrique)