Inside the Crypto Market: Industry Formation Using the CoinsPaid Example
The crypto market evolved exceptionally in the years 2014 to 2021, and the question of whether this industry will survive no longer exists. Instead, we are questioning where it’s heading and how quickly it will reach new heights. In January 2021, the cryptocurrency market capitalization achieved the first trillion USD, and in April 2021, it […]
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The leading cryptocurrency payment gateway CoinsPaid has demonstrated record growth in 2022. The company’s overall processed volume reached €12 billion and keeps growing by almost €1 billion each month, making CoinsPaid the largest crypto processor by monthly volume. In 2022, the number of processed transactions hit 6.5 mln and the operations volume approached the €4.5 billion mark. These figures are several times higher than those for the same period in 2021. Outstanding results 4th year in a row Since 2018, CoinsPaid’s metrics have been doubling each year. In 2018, the company processed....
— Conversation with CoinsPaid CEO Max Krupyshev. Last year, the CEO of one of the largest payment systems in the world, PayPal, Dan Shulman, said that crypto payments would go mainstream. And it looks like the expert’s predictions are coming true. Recent research by Wirex and the Stellar Development Foundation proves that cryptocurrency payments represent […]
The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias. Bitcoin's (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern.Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among investors. As a result, the price forms higher interim peaks and lower interim....
Bitcoin price is still staying inside the consolidation pattern for now but could be ready to break out as it approaches the peak of the formation. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle formation as illustrated in an earlier article. Price just bounced off the triangle support after a number of tests and is now making its way to the top. Technical indicators seem to be suggesting that a downside breakout is due. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA, which means that the path of....
A survey from CoinsPaid saw respondents from Argentina, Brazil and Colombia positively view bitcoin as the future of money amid high inflation levels.