GYEN is a fiat-backed stablecoin built on the Ethereum blockchain. The code is open-source on GitHub. The price of Gyen digital assets is pegged to the value of the Japanese Yen (JPY).
GYEN is backed by JPY on a 1:1 ratio. The collateral JPY is held at FDIC-insured bank accounts. Audits on bank reserves are made monthly. GMO-Z.com, the company behind Gyen and ZUSD, is regulated by the New York State Department of financial services. It is the first company to offer a JPY-backed stablecoin.
The price of GYEN is currently trading around $0.006918, per Coinmarketcap. It has a market capitalization of $18,943,434, with a circulating supply of 2.73B GYEN tokens.
1. Price Prediction.net According to PricePrediction.net, the price of GYEN will continue to rise until it reaches $0.00807 by the end of the decade. The prognosis of an upswing to $0.010048 reflects TradingBeast’s price prediction for GYEN.
2. Wallet Investor GYEN investors could anticipate a price increase of $0.013705 in 2023, according to WalletInvestor, which sounds like a decent reason to think about GYEN as an investment choice. PricePrediction.net forecasts a rise to $0.01301.
3. Tech News Leader According to Tech News Leaders Gyen's price forecast, the price of GYEN will rise over the course of the next five years and reach $0.044 by the end of 2025. You never know, even when the price seems excessive. GYEN and other cryptocurrencies are extremely erratic and subject to sudden changes in value.
2022 Gyen’s price is predicted to reach a minimum of $0.007. The price can reach a maximum price of $0.008 with an average trading price of $0.008. 2025 GYEN is expected to reach a minimum of $0.027 in 2025. The GYEN price can reach a maximum level of $0.033 with an average price of $0.028 throughout 2025. 2030 GYEN is predicted to reach a minimum value of $0.18. The price could reach a maximum value of $0.21, with an average price of $0.18 throughout 2030.
After transferring your Bitcoin to an exchange such as Binance, you can purchase other cryptocurrencies, including GYEN.
GYEN produces its own wallet software available for download on its website, allowing you to store GYEN on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.