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7 02, 2025

XRP Price Prediction for February 7

By |2025-02-07T17:05:49+02:00February 7, 2025|Crypto News, News|0 Comments

The rates of most of the coins remain in the red zone at the end of the week, according to CoinStats.

XRP chart by CoinStats

XRP/USD

The price of XRP has fallen by 1% over the last day.

Article image
Image by TradingView

Despite today’s drop, the rate of XRP is looking bullish on the hourly chart. If the breakout of the resistance of $2.433 happens, the upward move may continue to the $2.50 zone soon.

Article image
Image by TradingView

On the bigger time frame, neither bulls nor bears have seized the initiative yet. 

Related

Bitcoin (BTC) Price Prediction for February 6

Thus, the volume has dropped, which means that ongoing sideways trading around the current prices is the most likely scenario by the end of the week.

Article image
Image by TradingView

On the weekly chart, the rate of XRP has made a false breakout of the support of $1.9669. If the bar closes far from that mark, one can expect a local bounce back to the $2.50-$2.70 range.

XRP is trading at $2.4067 at press time.

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7 02, 2025

Brent oil price begins positively – Forecast today

By |2025-02-07T16:10:12+02:00February 7, 2025|Forex News, News|0 Comments


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7 02, 2025

Soc Gen Monthly Forecast Update

By |2025-02-07T15:08:42+02:00February 7, 2025|Forex News, News|0 Comments

Image: © Mohamed Yahya, Reproduced under CC licensing


Société Générale’s latest monthly FX market assessment sees the U.S. dollar increasingly fragile due to policy uncertainty, high valuation, and evolving trade risks.

The Japanese yen stands out as the top-performing G10 currency, benefitting from the Bank of Japan’s tightening cycle, while emerging market (EM) currencies appear positioned for a comeback after a turbulent 2024.

 

1. USD Outlook: Still Strong but More Fragile

Key Change: While the US dollar remains strong, it has become more volatile due to policy uncertainty and high valuation.

Drivers include growth and interest rate differentials that still support the USD, but not as strongly as in 2022-2024. U.S. trade and geopolitical risks (tariffs, negotiations) are now mostly priced in, limiting further upside.

That being said, Soc Gen sees no clear catalysts for a sharp USD reversal yet.

GBP/EUR investment bank consensus forecast for 2025. See the median, mean, highest and lowest point targets, giving a highly accurate forecasting resource. Request it Now.

 

2. JPY Forecast: Stronger Due to BoJ Tightening

The Japanese yen (JPY) is the only G10 currency with a clear positive shift. The Bank of Japan (BoJ) is tightening monetary policy while other central banks consider rate cuts, potentially allowing USD/JPY to fall into the 140-150 range in H1 2025, from recent highs near 159.

Longer-term, a return to USD/JPY 100 is possible but could take over a decade.

 

3. EUR/USD Volatility Rising

Key Change:

EUR/USD volatility is expected to stay high due to US protectionism and potential “currency war” escalation. Tariff risks impacting European exports and the ECB’s monetary response must also be considered says Soc Gen.

 

4. European Currencies: SEK and CHF Could Outperform

Key Changes:

SEK (Swedish krone) could outperform as a European equity recovery takes hold.

CHF (Swiss franc) weakening as risk appetite returns and the SNB intervenes to manage currency strength.

EUR/GBP expected to range between 0.83-0.87 in 2025 as GBP shorts increase.

 

5. EM Currencies: Turning Point for Recovery

A stronger EM FX performance is expected in 2025 after a difficult Q4 2024.

Peak uncertainty and market pain may be behind us, says Soc Gen, and as more tariff hurdles are resolved, market fears will ease. A more favorable US interest rate environment and improved growth outlook will also offer some support.

The Mexican peso is tipped to be the first to recover, followed by Brazilian real.

 

6. Tariff Impact on AUD, NZD, and CAD

The Australian, New Zealand, and Canadian dollars are under pressure due to US tariff threats. Soc Gen says US trade tensions are set to disproportionately affect these economies. CAD has broken above 1.45 against USD due to US-Canada tariff risks. AUD/USD will remain under pressure until geopolitical risks ease.

 

7. Emerging Market Currencies:

Latin America:

The Mexican peso is positioned for a recovery, as tariff fears ease.

The Brazilian real is rebounding due to reduced concerns over fiscal policy credibility.

Asia:

The Chinese yuan remains weak due to US tariff escalation and moderate Chinese retaliation.

The Indian rupee is one of the weakest EM performers, facing structural slowdowns and portfolio outflows.

CEEMEA:

The Turkish lira will see controlled depreciation, but total returns remain attractive.

The South African rand faces risks from Trump’s social media threats and potential removal from AGOA trade deal.

 

8. FX Forecast Adjustments

EUR/USD: Expected to remain between 1.01 and 1.07 in H1 2025.

USD/JPY: Forecasted to drop into the 140-150 range in H1.

USD/CAD: Trading above 1.45, reflecting trade risks.

EUR/GBP: Expected to stabilize between 0.83-0.87.

MXN, BRL, TRY: Emerging markets currencies expected to rebound.

 

9. Summary of Major Forecast Changes

USD remains strong but faces more volatility and fragility.

JPY is the most positively revised G10 currency due to BoJ tightening.

Emerging Market FX (especially MXN, BRL) expected to recover.

EUR/USD volatility to increase due to tariff risks and US monetary policy.

Tariffs are weighing on AUD, NZD, CAD.

SEK could outperform in Europe, while CHF weakens.

TRY depreciation will be gradual, while ZAR faces downside risks.

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7 02, 2025

Swapping coffee for this hot drink may prevent dementia and boost brain health

By |2025-02-07T15:06:46+02:00February 7, 2025|Dietary Supplements News, News|0 Comments


A new Japanese study has found that switching out your coffee for a green tea in your older years can help with dementia – among other benefits.

Coffee, which tends to have 102-200mg of caffeine per 230ml, has been shown to have anti-inflammatory effects. But it doesn’t compare to the long-term positive effects of green tea, which has a gentler 30-50mg per cup, and is known to have ingredients that promote the breakdown of fat cells, the Telegraph reported.

The protective effects of green tea help your brain avoid something called “amyloid β” build up. Amyloid β is the main component of plaque found in the brains of people with Alzheimer’s disease.

READ MORE: Alarming study finds entire spoons-worth of microplastics in human brains as levels may be increasing

READ MORE: ‘I’m a health expert – be warned of a common but little known dementia that isn’t Alzheimer’s’

“In addition to brain changes, green tea has a potential to lower blood pressure that could contribute to its protective effects, as this is a key risk factor for cerebral white matter lesions,” Rob Hobson, an award-winning nutritionist and author, said. “Overall this makes it a better option for your morning brew.”

But one cup a day won’t cut it, the study suggest that the benefits are gained through drinking green tea three to eight times a day. And there’s more benefits than simply supporting cognition, green tea can help with weight loss, cancer, and heart disease.

According to Hobson, the EGCG antioxidant found in green tea can lower the risk of breast, prostate, and colorectal cancers. “It’s thought to reduce the risk of abnormal cell division. It works by encouraging healthy cell death, and preventing the formation of new blood vessels that can support the growth of tumours,” he said.

A 2022 review of studies also found evidence that green tea can help prevent heart disease. Regularly drinking green tea can lower many of the risk factors associated with heart disease, including blood pressure and lipids.

“Green tea contains catechins and some other ‘polyphenol’ antioxidants that we think may improve blood vessel function. They are thought to keep veins, arteries and capillaries flexible and that keeps blood flow efficient and prevents blockages, all of which contribute to better heart health,” Hobson said.

Hobson also notes that the reduced amount of white matter lesions from the recent Japanese study, are linked to vascular issues like poor blood flow or high blood pressure, but more clinical evidence is needed to confirm the findings.

And finally green tea can help with weight loss, which can help people avoid certain diseases. It is well known that carrying extra fat leads to serious health consequences such as cardiovascular disease, type 2 diabetes, and some cancers, that can all cause premature death and substantial disability.

But there is evidence suggesting that green tea contains substances that boost metabolism, helping to break down fat cells, including the antioxidant EGCG that increases the levels of norepinephrine which promotes the breakdown of fat cells. The catechins green tea contain, as well as the caffeine, also help break down fats in a process called fat oxidation.



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7 02, 2025

Can SOL Destroy $500 As JetBolt Blows Away Competition

By |2025-02-07T15:04:53+02:00February 7, 2025|Crypto News, News|0 Comments

Alongside Solana’s attempt at recovery, the exciting new altcoin comes hot with the compelling combination of state-of-the-art technologies and new Web3 utilities. Reeling in buyers and altcoin enthusiasts with its futuristic platform, JetBolt’s presale has incredibly sold nearly 320 million tokens since its debut. 

Leveraging the sophisticated Skale blockchain, JetBolt provides lightning-fast and zero-gas transactions. With the trailblazing zero-gas technology, JetBolt puts an end to users’ worry about paying expensive gas fees, allowing them to enjoy their blockchain journey. For developers, zero-gas transactions could mean building potentially gas cost-saving innovations across dApps, gaming, and Web3.

JetBolt also integrates AI technology into its ecosystem, offering an AI-powered crypto tool that aggregates blockchain news and snippets of market data categorized into bearish, neutral, or bullish sentiment. 

On the staking section, JetBolt has introduced an interactive design wherein users are given the chance to earn reward tokens for connecting with others on the platform while staking JetBolt tokens. Additionally, JetBolt comes with a user-friendly Web3 wallet that enables crypto users to seamlessly conduct transactions, thanks to its WebAuthN and face recognition features. 

On top of all these, JetBolt offers irresistible presale perks for early purchasers, including exclusive Alpha Box bundles, which grant for batch purchases. Interestingly, JetBolt’s ecosystem is live from day one, and readily available for token holders to explore. 

With its cutting-edge innovations, array of practical utilities, and attractive presale, JetBolt radiates with a next-gen altcoin strength that makes it one of the new challengers that could blow away the altcoin competition. 

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7 02, 2025

Kickstarter Backs Web3 RWA Game ‘What is This Sorcery’ In Advance of Launch on SKALE

By |2025-02-07T14:24:46+02:00February 7, 2025|News, NFT News|0 Comments


San Francisco, CA, United States, February 4th, 2025, Chainwire

SKALE Labs Set to Play Host to the Novel, Dual-Format Trading Card Game Developed by What is This Studios, Launching on Epic Games Store.

SKALE Labs, the team behind the gas-free invisible blockchain network, today announced that What Is This Sorcery (WITS), a game that will shortly begin its season 0 on SKALE, has become the first Web3 gaming project supported by Kickstarter. The industry-defining trading card game was chosen for its unique approach to merging physical collectibles with the interactive dynamism of digital gameplay.

WITS sets itself apart with its innovative use of Near Field Communication (NFC), a technology that allows for contactless communication between NFC-enabled devices. WITS’ NFC-enabled physical cards allow players to authenticate ownership, trade cards with a tap, and enhance the collectibility of their decks. The physical cards are embedded with NFC chips, which not only hold value as collectibles but also allow for seamless integration into digital battles. The Kickstarter campaign will focus on funding the production of WITS’ first physical card set while helping to grow the game’s vibrant community. 

SKALE Chief Marketing and Growth Officer, Andrew Saunders, commented on today’s news: “This is a revolutionary moment for both Web3 and the trading card game genre, and we’re incredibly excited to see Kickstarter directly supporting and embracing this new, immersive experience as we prepare for its launch on SKALE. WITS represents the next step in the evolution of Web3 gaming and we’re thrilled to be a part of its continued development.”

Kickstarter backers will enjoy exclusive perks, including:  

  • Exclusive Cards and Accessories: Backers will receive limited-edition WITS collectibles tied directly to the game’s ecosystem.
  • Stretch Goals: Unlock full art rare cards, holo variants, and more.
  • Early Access and Rewards: Early supporters will gain access to gameplay, plus unique rewards and exclusive items.

Nick Grossi, CEO and Co-Founder of WITS added, “Blending digital and physical gameplay allows users to connect, create, and compete in ways never before possible. We are excited to join SKALE’s growing roster of games in the near future, and today’s launch of the Kickstarter campaign is just the beginning. We can’t wait to build this magical world together with our community.”

With over 200 games in development and more than 50 Million active gaming wallets on the SKALE network, WITS will soon join a growing ecosystem of more than 1 Million daily active users who have leveraged SKALE technology to save gamers over $11 Billion in gas fees to date. Web3 games on SKALE have also recorded higher social activity than those on competitive chains, and adoption continues to accelerate as next-generation games continue to join the network. By combining cutting-edge blockchain technology with an immersive trading card experience, WITS is setting a new standard for what’s possible in the world of digital collectibles and Web3 gaming.

Users can visit the Kickstarter for more information: https://www.kickstarter.com/projects/whatisthisstudioltd/what-is-this-sorcery-trading-card-game

About SKALE Labs

SKALE Labs is the foundation behind SKALE, the gas-free invisible blockchain network designed to scale gaming, AI, social, and high-performance dApps to the masses. SKALE is BUILT DIFFERENT. Chains are gas-free, fast, modular, and fully EVM-Compatible, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. 

Harmonizing speed, security, and decentralization, SKALE Labs was born in Cali in 2018 by Jack O’Holleran and Stan Kladko, PhD. As of 2024, the network serves over 50 Million unique active wallets and has saved users $11 Billion in gas fees.

About WITS

What Is This Sorcery? (WITS) is a trading card game (TCG) that seamlessly blends physical and digital gameplay. Powered by blockchain technology, WITS integrates NFC-enabled cards to authenticate ownership, enable tap-to-trade functionality, and enhance collectibility. Set in the magical universe of Catena, players align with one of ten unique factions to compete, collect, and dominate in Season 0, shaping the evolving story of the WITS universe. WITS combines strategic depth, compelling lore, and cutting-edge technology to create an experience for gamers and collectors alike.

Contact

Senior Account Director
Dillon Arace
M Group Strategic Communications
darace@mgroupsc.com



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7 02, 2025

Platinum price tends to resume the rise – Forecast today – 7-2-2025

By |2025-02-07T14:08:53+02:00February 7, 2025|Forex News, News|0 Comments


Bitcoin price (BTCUSD) still stuck between the trend keys represented by 95195.00$ support and 100000.00$ resistance, which makes us continue with our neutrality until the price surpassed one of these levels followed by detecting its next destination clearly.

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7 02, 2025

The EURUSD price forecast update

By |2025-02-07T13:07:48+02:00February 7, 2025|Forex News, News|0 Comments

The EURJPY pair formed new negative wave this morning to surpass the first additional target at 157.25 by targeting 156.75 followed by forming temporary correctional rebound.

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7 02, 2025

Kerry identifies five GLP-1 consumer segments that are driving industry growth

By |2025-02-07T13:05:46+02:00February 7, 2025|Dietary Supplements News, News|0 Comments



Nutrition specialist Kerry’s consumer-focused research has revealed that there are five distinct consumer segments among those in the US taking GLP-1 medications. 


The study has also revealed that each group has unique preferences and needs — offering those in the food, beverage and supplement industries a range of novel opportunities. 


Through its proprietary research, Kerry has identified these five segments worth considering when approaching product development: 


  • Dads: This group, which makes up 27% of the GLP-1 population, is all the busy dads who are trying to keep healthy while balancing the challenges of family life. They are generally focused on finding portable, tasty and protein-rich products to support them.

     
  • Modern trendsetters: 25% of US GLP-1 medication takers are categorised as ‘trendsetters’ by Kerry. This group is focused on their immune system and cognition — specifically seeking out products that can support mental clarity and energy levels.

     
  • Future-focused Gen X-ers: This health-conscious group is tied with the dads as the most common consumer subset in the GLP-1 population at 27%. The Gen X women that reside in this category are strongly focused on long-term health and slowing the ageing process, and are looking for functional food/beverage and supplement options to support this goal.

     
  • Balanced maintainers: Comprising 16% of the population, this group mainly consists of Gen Z-ers looking to maintain their weight with little changes to their diet. They are focused on seeking out tasty, sustainable and healthy options that don’t require much change to their current routine.

     
  • Steady sticker: A smaller group of GLP-1 users, these practical midwestern women are focused on consuming familiar foods and sticking to known routines.


“Future-Focused Gen X-ers are making intentional lifestyle changes, while the balanced maintainers and steady stickers focus on practical, long-term health strategies,” notes Elizabeth Horvath, VP Marketing, North America at Kerry. 


“Understanding these distinct segments will allow us to work with our customers to tailor their products to meet the specific needs of these consumers.” 

 


Catering to the GLP-1 explosion


During the last four years, there has been a 700% increase in the use of GLP-1s amongst non-diabetic US consumers.


According to Kerry’s research, around 6% of these individuals are planning to use these drugs for life — meaning GLP-1 catered solutions could also focus on broader health goals to have long-term applications in these populations. 


By creating a more personalised approach, Kerry believes that brands can create effective supplements that promote long-term custom and encourage industry trust. 


Notably, Kerry found that high-protein options — particularly plant-based iterations — were particularly popular with consumers.


“Appetites are shifting towards a more holistic and personalized approach to nutrition. Consumers are increasingly focused on positive nutrition, seeking to reduce sodium and sugar intake while enhancing gut and immune health.”


“This research indicates a strong appetite for overall well-being beyond weight loss with its study showing that 90% of GLP-1 users incorporating vitamins, supplements and probiotics into their lifestyles.”


“By catering to the needs of distinct consumer groups, we can ensure that we deliver solutions that are both effective and trustworthy,” concluded Elizabeth. 


 


 


 


 



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7 02, 2025

Will XRP Price Surge To $8 Soon? Experts Predict a Major Rally Ahead

By |2025-02-07T13:03:48+02:00February 7, 2025|Crypto News, News|0 Comments

XRP price recent dip does not deter experts from forecasting positive growth directions for the cryptocurrency’s future.

They estimate XRP will undergo a substantial market surge that might push its value up to $8.

XRP experienced notable price declines exceeding 5% yet market indications show these short-term drops point to a long-term upward price movement.

Key Support Levels and Resistance Points

Analysts monitor short-term movements because the $3 resistance level stands as a vital price threshold.

Analyst Dark Defender along with other market experts recognizes that XRP maintains a pattern of consolidation below $3 as a preparation for an upcoming price movement if it sustains performance above multiple essential support points.

Additionally, Dark Defender’s technical analysis points to XRP completing a five-wave design that indicates the price will rise to approximately $5.85 during the third wave.

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It must first breach this significant threshold before it can head toward the next resistance point at $8 or higher.

Source: X

The projection relies on the Elliott Wave theory that technical analysts commonly employ for price forecasting.

Elliott Wave analysis interprets market sentiment through waves that predict upcoming price shifts.

Hence, if the XRP price maintains its current support levels, particularly the $2.36 to $2.55 range, the asset could be primed for a breakout, bringing the $5-$8 price range into play.

Maintaining stability in these levels is crucial for confirming the bullish outlook.

SEC Lawsuit and ETF Approval Could Propel XRP Price

One of the most significant factors influencing XRP price is the ongoing legal battle with the U.S. SEC.

The lawsuit has weighed heavily on investor sentiment, contributing to price volatility over the last few years.

However, recent developments in the case have sparked hope among investors.

A notable shift came when the SEC reassigned its top crypto litigator, Jorge Tenreiro, to a different department, a move that some see as an indication of potential changes in the regulatory environment.

If the Ripple vs. SEC case is resolved soon, it could alleviate some of the uncertainty surrounding XRP and help push its price higher.

Moreover, speculation about the outcome of the lawsuit has prompted some analysts to predict a more favorable environment for Ripple and its digital asset.

The possibility of a settlement or a dismissal of the case, alongside positive legal developments, could trigger a sharp rally for XRP, potentially pushing the price toward the $8 target.

In addition to the legal case, the potential approval of a XRP exchange-traded fund (ETF) could also significantly impact the XRP price.

An XRP ETF would allow traditional investors to gain exposure to XRP through a regulated financial product, which could increase demand and liquidity for the asset.

Further supporting the bullish, recent analysis highlights XRP’s weekly hammer candlestick pattern as a strong indicator of potential price surges.

Historically, similar patterns have triggered substantial rallies, such as a 2,000% rise in 2013 and over 110,000% in 2017-2018.

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