Digital and Forex Currencies

GATE IO Exchange Review

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GATE IO Basic Information REVIEW AT A GLANCE

■ TYPE: SPOT EXCHANGE OFFERING P2P & LEVERAGED PRODUCTS

■ WALLET: COLD STORAGE & HOT WALLET

■ HEADQUARTERS: CAYMAN ISLANDS

■ ONLINE SINCE: 2013

■ CUSTOMER SERVICE: EMAIL | LIVE CHAT | TICKETING SYSTEM

■ WEBSITE LANGUAGES: 15

Introduction to GATE IO INTRODUCTION TO THE GATE IO EXCHANGE

GATE IO is a fully-featured crypto exchange covering the needs of every modern crypto trader. You can trade on spot or P2P, use complex leveraged products, stake cryptocurrencies, copy and trade the positions of others, and even buy NFTs. in addition, the exchange offers very interesting market analytics to all traders for free.

Forbes Crypto Report

The following crypto market report by Forbes involves 157 crypto exchanges and was released in 26th of August 2022.

Bitwise/ETF Trends 2022 Benchmark Survey

 

Key Points from the Forbes Report

  • Over 570 million people visit crypto exchange websites on a monthly basis
  • About 14% of all adult Americans (an estimated 46 million people) own BTC
  • Only half of all reported BTC trading volume is real. The real daily BTC volume is around $128 billion
  • Binance with a 27% market share and their stablecoin Tether (USDT) are leading the crypto market

The NASDAQ-100 is a capitalization-weight index that includes 102 of the largest non-financial companies listed on the Nasdaq stock exchange..The NASDAQ-100 is a capitalization-weight index that includes 102 of the largest non-financial companies listed on the Nasdaq stock exchange. Companies outside the US are included too.

Starting in 1985, the NASDAQ-100 incorporates multiple industries, except financials. For the financial industry, Nasdaq introduced another brother index called NASDAQ Financial-100.

  • Nasdaq was introduced in 1985 by the National Association of Securities Dealers (NASD)
  • On The beginning price of the Nasdaq-100 was set at 250 points
  • On December 31, 1993, the base of Nasdaq was reset from 800 points to 125 points
  • Historically, the NASDAQ-100 is considerably more volatile than the Dow Jones Industrial and the S&P500
  • NASDAQ-100 is mainly focused on dynamic industries like online technology, telecoms, biotechnology, and media
  • The dollar value of exchange-traded products tracking the Nasdaq-100 Index exceeded $300 billion at the end of 2021
  • As of mid-2022, NASDAQ-100 is made up of 102 equity securities

This is the yearly chart of NASDAQ-100, each candle in the chart reflects 12 months.

The Forex market is the largest and most liquid financial market in the world...

The Foreign Exchange Market, or Forex, or FX market, is a the largest and most liquid financial market in the world with daily volumes of $4 trillion. These are some basic facts and tips for those planning to trade Forex currencies.

The Short History of the Foreign Exchange Market

The Forex Market began during the 1970s after 30 years of government restrictions regarding foreign exchange transactions. The significant event that started the Forex market was the end of the Bretton Woods Agreement. The Bretton Woods Agreement became the global monetary system at the end of WW2 and for the next 30 years. Under the Bretton Woods System, all major currencies were pegged to the US dollar, and gold reserves were accepted as the basis for the US dollar. in the early 1970s, President Nixon announced that the United States would no longer exchange gold for US dollars. The floating-rate system became the new standard for the world.

The Forex market was born as major countries gradually switched from fixed currency rates (Bretton Woods) to floating exchange rates.

Today, there are three (3) exchange rate systems:

(1) Floating rate –Demand and supply determines the exchange rate {dominant system)

This is an improved version of the popular Relative Strength Index (RSI) specially designed for cryptocurrency and tech stocks trading. The new oscillator combines RSI readings and key technical analysis signals into a single tool.

 

RSI PRECISION PLUS MACD & SMA SIGNALS (FREE ON TRADINGVIEW)

RSI PRECISION is an oscillator that generates RSI readings by also taking into account price volatility and momentum. The great advantage is the accuracy of readings at high timeframes (monthly, weekly) and during market tops and bottoms. RSI PRECISION can analyze every volatile financial asset class in the world, such as the Nasdaq stocks and cryptocurrencies.

RSI Precision can be used for several tasks:

  • Recognize overbought/oversold market levels more accurately than the classic RSI
  • Recognize RSI support and resistance levels
  • Identify key divergences between RSI slope and price slope

3 Trading Signals:

  • RSI Precision Crossovers/Crossunders
  • MACD Crosses (over/under its signal line)
  • SMA Golden Cross & Death Cross (50/200)

■ You can add RSI PRECISION for free on TradingView: » https://www.tradingview.com/v/kBpWBCXU/

Crypto Trends 2022

The Bitwise/ETF Trends Survey is an annual survey for the crypto industry, published by ‘Bitwise’ and ‘ETF trends’ and released each January.

Bitwise/ETF Trends 2022 Benchmark Survey

Overall, the 2022 survey’s findings show a rise in crypto allocations among financial advisors. 47% of all advisors reported owning crypto assets in their personal portfolios. 72% of those invested in crypto had exposure to Bitcoin, 50% had exposure to Ethereum, 16% invested in other altcoins. Most of them are interested in investing more in the crypto industry, but 16% believe the crypto assets are in a bubble. Better regulation, better custodian solutions, and a spot-based ETF can significantly increase the appetite of advisors to buy more crypto.