GYEN price prediction: Can the cryptocurrency reach $0.10?
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GYEN has surged in trading as it got exposure to a major crypto exchange - with some wondering if these types of gains will continue in the future.
In the past 24 hours, GYEN has skyrocketed by 247% to $0.0369, according to Coinbase.
Furthermore, the cryptocurrency has climbed 257% and 322% in the past week and month respectively.
The big gains from GYEN come as Coinbase has allowed its pro members to start adding the token to its accounts.
But before you look further – make sure you understand the risks.
For one, know that there is extreme volatility in the industry. And although bullish trends can happen – you could lose a lot of money quickly if you’re not careful.
And know that GYEN is a newer cryptocurrency, whose coin just launched in March.
This means GYEN is much riskier when compared with larger and more established cryptocurrencies like Bitcoin.
Plus, the crypto space in general can come with a fair share of complexity. In other words, make sure you understand what you’re investing in before buying.
What is GYEN?
When GYEN launched in March, the cryptocurrency claimed it was the “world’s first” regulated JPY-pegged stablecoin.
Meanwhile, expects GYEN to gain to around $0.022 in 2021.
Furthermore, Goldman Sachs expert Andrew Lokenauth is even more bullish on GYEN.
"From my prior experience, I feel it will be included on other exchanges due to demand," he told The Sun.
"Also, due to current hype and mentions of GYEN on reddit and twitter, this can easily reach 10 cents."
But keep in mind, price predictions could change should more bullish or bearish trends come GYEN’s way.
We’ve done price predictions for Bitcoin, Ethereum, Dogecoin, Shiba Inu, dYdX, EOS, Saitama, Loopring, Decentraland, Ethereum Name Service, DogeZilla, and Aave.
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