FA Global attends ICE Gaming 2022 London — Key factors affecting the value of cryptocurrencies — Stablecoins UK Government update.
The FA team attended ICE gaming 2022, one of the largest gaming events Bringing together Gaming Professionals and Gaming Solutions Providers from around the globe. If you are in gaming, this is your event
All Blockchain! an excellent selection of crypto payment, gaming, and compliance solution providers it was good to interact with the main gaming operators and see further the adoption of crypto.
The aim of this event, Fantastic leads network meetings with FA Global clients and prospects for 2023.
Partnerships that will integrate XGP solutions.
Co-branded Marketing efforts with blockchain protocols.
M&A meetings also took place and will be announced very soon.
Liquidity, Staking solution providers, and Compliance services.
The FA global CEO is a regular attendee and speaker at the event.
Key factors affecting the value of cryptocurrencies
The year 2021 was particularly beneficial for cryptocurrencies. The crypto market managed to cross the $3 trillion mark back in November 2021 with Bitcoin leading the way and closely followed by ether. Even meme-inspired cryptocurrencies such as dogecoin had their fair share of this prosperity last year, and this lead many people to rethink the factors affecting the value of cryptocurrencies.
Contrary to the views held by people strongly placing their faith in fiat currencies, all this opulence didn’t happen overnight. There were numerous factors at play that caused the value of cryptocurrencies to surge in 2021.
Bitcoin first surpassed the $1 trillion mark in the market in February 2021. This milestone was achieved when prominent financial firms and institutional investors including MicroStrategy, Square, Twitter, and Tesla started investing in Bitcoin.
The interest was reinforced with the emergence and rapid acceptance of digital assets (NFTs) that were sold for millions of dollars in major auction houses such as Christie’s and Sotheby’s. While the auctions were held in favor of modern art, NFTs managed to gain increased popularity as in-game assets. People also started shifting their attention to virtual real estate that was being sold via cryptocurrencies and then major celebrities also joined in with substantial investments in NFT art projects such as Bored Ape.
With all this frenzy in a single year, the tech companies shifted their attention toward developing blockchain-based applications in a bid to facilitate the increasing number of people investing in the market. Decentralized finance (DeFi) garnered commendable interest from institutional and retail investors which consequently spurred the growth of Web 3.0.
But why are we discussing everything that happened last year? It’s because while many people are jumping into the crypto market, they are completely unaware of the factors affecting the prices of cryptocurrencies. People need to value their investments and use their savings on blockchain-based projects that will prove to be beneficial for them in the future. So without further ado, let’s get into the factors increasing or decreasing the value of cryptocurrencies and why GP coin will be best positioned for utility and crypto-investments in the future.
What determines the value of cryptocurrencies?
To answer that question, we need to understand how cryptocurrencies are different from fiat currencies such as the US Dollar, Euro, Pound sterling, etc. The major difference here is that fiat currencies are declared as legal tender as they are backed by governments. This makes them derive value from numerous factors such as supply and demand, the amount of gold backing them, the creditability of the governments, and the happiness index of the countries they are from. These currencies are centralized and monetary reserves control the supply of money hence dictating the power over inflation.
Thankfully people have had enough of fiats already and are shifting their attention to cryptocurrencies. Why? Because cryptocurrencies are decentralized and not regulated by the governments. Many countries are readily accepting them as legal tender and some are also launching their own digital versions of fiat currencies as competition. Another feather in the hat of cryptocurrencies is that they have a fixed supply which means their devaluation through inflation is highly unlikely.
So what causes the turbulence in the value of cryptocurrencies? There are three major factors and then there are some branching factors around them. The three crucial elements determining the value of cryptocurrencies are:
1. The credibility of the tech development
2. The sentiment of the people
3. The usability of the cryptocurrency
The branching factors include scarcity of cryptocurrencies, the perceived value of the project, market capitalization, cost of production, adoption by the masses, node count, and regulations around them.
With all this understanding and education out of the way, let us look at the major factors affecting the value of cryptocurrencies and how well placed is the GP coin to handle your investments and offer you profitable returns in the future.
The reputation of the developer
It is a popular belief that anyone with substantial knowledge of blockchain technology can develop a blockchain and create fungible tokens on it that can later be converted into cryptocurrencies. While this can be true in some situations, in the case of most popular cryptocurrencies, there are credible organizations behind it.
Today when seasoned investor plans on investing in a cryptocurrency, they see where the currency is coming from. They consider the reputation of the developer behind a cryptocurrency and also the blockchain on which it is deployed.
The project managed behind GP coin is Blockshield.finance. It is an investment technology company focused on generating impressive yields for institute customers who are looking to scale their digital portfolios in a secure way. They also set to offer revolutionary ways of buying crypto by facilitating payment methods such as Apple Pay, card purchases, manual bank transfers, and various other local payment open banking options. The company opened a sales office located in Seoul, Korea, and has a strong focus on turning the investments of its clients into digital assets.
Usability of the cryptocurrency
The usability of a cryptocurrency is the other main factor that coaxes people into investing in crypto. After all, what use is a currency if you can’t use it to buy things? The developers behind GP coin have laid strong emphasis on the usability of this crypto and have supported it in numerous ways. GP Coin enables real-time payment and realization in all consumer’s life.
Back in 2019, the GP Coin completed partnerships with more than 40 major brands and achieved listings on the Korea Exchange. Today, the GP Coin can be used to withdraw, exchange, and shop freely 24 hours a day and 365 days a year.
By adding user convenience and differentiating it from the existing cryptocurrencies, the developers have maximized the value of GP Coin. Users can use GP Coin in a variety of consumer lifestyles, from eating out to movies and shopping through GP Pay.
You must be wondering about GP Pay. It is one of the solutions offered by the developers behind GP coin to make it more usable and to position it best for trading. Here are all the current solutions provided by the GP Coin platform:
● Pay Solution
● Mobile Coupon Solution
● ESC Solution
● CBR Solution
The sentiment of the people
The developers behind the GP Coin have taken an orthodox approach in devising the economic components of this project. Instead of only focusing on the monetary worth of the token, they have given due attention to the factors that influence the well-being of the entire system. This has become an instrumental element in garnering the sentiment of the people.
Furthermore, the GP Coin ICO set forward with a market cap of USD $100 million that was distributed into 50 billion coins. These coins were dispensed strategically into group sales (corporations, organizations, councils, etc.) and personal sales (individuals). The method of participation in the ICO was announced on the GP Coin’s official website and was advertised through an official PR channel. Here are some details on the initial launch of the GP Coin:
● Total number of issues: 50,000,000,000 EA
● Each price: USD / 0.017 GP Coin
Since its launch in 2019, XGP has enjoyed an accumulated supply of 50,000,000,000 mainnet. Until now, the company behind the GP Coin has experienced commendable growth in coin holders and buyers with an estimated improvement rate of 50% on the projects. The total number of GP accumulated wallets and new GP wallets created in just three months was a staggering 70,000 with an overall transaction volume of 2.7 million.
The GP Coin’s platform (the XGP platform) has facilitated its users with numerous economical-driven solutions such as crypto wallets and payment services. Holders of the GP Coin can benefit from the following:
● Maximize the value of coin trading
● Safest ROI solution ever
● Expand undertaking infrastructure
● Low risks and high returns
Also, why do people have a positive sentiment toward GP Coin it has been strategically designed using ESC, and CBR solutions to speed up blockchain transactions, the best part about the GP Coin is that after the successful launch of the ICO, the company managed to secure many pro supporters and some retail investors as well. The developers of the GP Coin remain positive on the fact that the main factor driving success during the ICO was the advanced technology powering the GP coin.
Recently, the UK government announced moves to see stablecoins recognized as a valid form of payment. The move came as part of wider plans of the UK government to make Britain a global hub for crypto asset investment. This is the first time, a prominent country such as the UK has made strong moves to bring stable coins within regulation and subsequently paving way for their use in the UK as a legal and recognized form of payment.
The UK government is already working on legislation that will help crypto firms innovate and further plans on working with the Royal Mint on an NFT project. We expect all global countries will eventually follow suit and adopt their own national currency.
Conclusion
These were the factors behind the futuristic success of the GP coin. The developers behind GP Coin and the GP platform have designed it in a way that will comply with the demands of the future. This is why the token lookup and release plan of XGP leverages market scalability and inflation rate to benefit the coin holders. So far, more than 40 million blocks have already been created and XGP is on an ambitious mission to become a leader in its sector.
Looking ahead and considering all the factors affecting the price of cryptocurrencies, we can safely say that the GP Coin future is positioned to be one of the best solutions. always remember never ever risk or invest in what you cannot afford to lose.
FA Global BK Finance is a Fintech company, founded in 2011 as a consultancy on one core simple belief: improving borderless technology by giving access to ID & financial inclusion. Our foundation consistently has grown from legacy 2.0 and merged 3.0 applications products and services.
