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Gate.io Blog September 2022 | Gate.io Monthly Featured Articles

September 2022 | Gate.io Monthly Featured Articles

30 September 08:59



Gate.io monthly featured articles will include the most liked and the most viewed entries from our September 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.



✨ September Highlights ✨

#LUNC tax burning; #Ethereum Merge; #The third interest rate increase by the Federal Reserve; #Queen Elizabeth NFTs

🔷 Bet On 1 USD‘s Future with Burning -- What Is the LUNC Tax Burning Proposal
“To soar in burning, or to perish in it.”

🔷 What Is the Future of Ethereum in Post-Merge Era
“The macro environment is challenging, the short-term price drop may not mean anything, and the Merge is not the end of Ethereum, but a new starting point.”

🔷 NFTs of Queen Elizabeth’s Art Flooded Into The OpenSea Market
“In the wake of the demise of the British Monarch, Queen Elizabeth II, the largest NFT marketplace, OpenSea, has been flooded with multiple NFTs to commemorate her life and death.”

🔷 High Possibility of a 75 Point Rise in Federal Fund Rate in September
“The Federal Reserve hiked the Federal funds rate five times, so far, in 2022. The 0.5% Federal Fund Rate hike in May 2022 was one reason for the lengthy crypto winter.”





💖 Netizens Favorites 💖

❤️ 106 netizens expressed their love for “How to Realize Zero-risk Arbitrage after Ethereum Merge
“The failure of ETHW may be inevitable? Maybe all this is just their elaborate "farce"? Let’s wait and see.”

❤️ 103 netizens expressed their love for “Fan Tokens vs Crypto Space
“The evolving gaming sector provides sports fans with a chance to interact with their teams in a more meaningful way than before, thanks to the introduction of fan tokens. Many popular teams around the world, especially in Europe, have their cryptocurrencies called fan tokens.”

❤️ 112 netizens expressed their love for “The Highway of the Top Blue Chip Doodles NFT to Rich
“Presently, a large amount of "hype" and popularity around Doodles have only increased, which also proves that it is one of the most iconic and well-known projects, and is widely considered a top blue chip project of NFT. It also has outstanding performance in different market environments, which also reflects the continuous demand for Doodles from outside.”

❤️ 98 netizens expressed their love for “What Is Behind MicroStrategy "All in BTC"
“The slogan of MicroStrategy is "HODL for a lifetime". Saylor also reiterated in the report, “if you do not intend to hold it for four years, then you are not a real investor at all. You are a trader. My advice to traders is not to trade it, but to invest in it.”



👀 Hot Spots in the Crypto Space 👀

🔷 Global Cryptocurrency Users exceed 320 million
“In terms of countries, the United States has the largest number of crypto users. Basically, 46 million people use cryptocurrency in the country. The second position is India with about 27 million users. Pakistan, Nigeria and Vietnam complete the top five countries with the highest numbers of cryptocurrency users.”

🔷 The Total Trading Volume of Bored Ape Yacht Club Exceeds 650000ETH
“Despite the crypto winter of 2022, BAYC transactions have not stalled, with three spikes in trading volume and trade count from February to May 2022”

🔷 Chilz(CHZ)Price Surged by 150%
“Chiliz, the cryptocurrency that backs the sporting and entertainment platform Socios rose by 150% within a month. This is in contrast to the poor performance of major cryptocurrencies such as ETH and bitcoin. This price resurgence resulted in the token positioning itself among the top 50 cryptocurrencies by market capitalization.”

🔷 The Way of Pudgy Penguins‘s Rebirth
“The success of Pudgy Penguins also tells us that the project leader is a key factor in the success of a project.”

🔷 Becoming a better trader using confluence trading
“Understanding and using technical confluence in analyzing the market is vital for having winning trades.”



🔍 Market Highlights in September 🔍



As of September 30, the crypto market Fear & Greed Index was [Extra Fear 21], down 2 from [Extra Fear 23] last month.

The Ethereum Merge that took place on September 15 failed to push up market prices as expected, and combined with the aggressive rate hike policy of the Federal Reserve, the macro environment further deteriorated, which made investors more cautious about the price trend in the coming period. Some analysts believe that if the US dollar continues to strengthen and the Federal Reserve wants to ensure that it continues to hike, bitcoin will fall below the level of $18,000 to $19,000, and the next stop will be $12,000 to $13,000.

According to the Glassnode report, The HODLer class remains resolute with a multitude of lifespan metrics fully resetting to historical lows, emphasizing the unwillingness to spend held coins. Network activity remains in a dire condition as network adoption levels slump to levels last seen during the COVID crisis. However, one constructive observation would be the expulsion of retail participants from the network leaving just the HODLers class, career traders and everyday bitcoin users remaining.

🟠 The BTC opening price in September was $20024.48, and the current quotation was $19430.81 at 12:00 on September 30, representing a decrease of 2.96%.

🔵 The ETH opening price in September was $1554.10. At 12:00 on September 30, the current quotation was $1328.71, representing a decrease of 14.50%.



🌍 Global Affairs in October 🌍




Author: Gate.io Researcher Jill Ma Translator: Joy Z.
This article represents only the researcher's views and does not constitute any investment advice.
Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced.
In all other cases, legal action will be taken due to copyright infringement.
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