Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP, after witnessing price volatility in the past couple of days, with its value dropping to $2.137, has made a rebound. Data from CoinMarketCap shows the coin has reclaimed the $2.20 price level, representing a 1.75% increase in the past 24 hours.
Market confidence and trading volume surge
This mild rally signals the asset’s resilience in the ongoing cycle. XRP appears to have rediscovered its bullish momentum, as figures show increased investor confidence. Trading volume has soared significantly by 19.58% to $5.59 billion. This comes as traders and investors have rekindled interest in the asset.
XRP had hit $2.2303 during trading in the last 24 hours before settling at the current price level. Analysts suggest that with the asset finding support at this point, its ability to sustain momentum could determine price growth.
Projections of further climbing depend on XRP’s ability to overcome key resistance levels. The $2.30 mark is a significant resistance wall for the coin as investors anticipate higher price levels. However, the XRP chart reveals the asset is still battling bears and is not fully in a consolidation phase that could serve as a base for higher levels.
With market volume on an upward trajectory, this could support the crypto to new heights. A sustained momentum from market participants might push XRP to flip the $2.30 point as it seeks to continue its impressive performance in this bullish market cycle.
Challenges and opportunities ahead for XRP
XRP has a local high of $2.90, which means the community needs to provide support for its value to rise by an additional $0.70 to attain it. With Ripple’s RLUSD gaining traction in less than 10 days since its launch, it might help fuel the anticipated XRP price growth.
Related
Ripple must expand its availability on some of the biggest crypto exchange platforms to achieve this. For instance, Coinbase, Binance and Bybit are yet to list the stablecoin. Once it reaches these platforms, it might fuel faster adoption and drive interest in XRP, which is the ultimate goal.
If this happens, coupled with the positive sentiment surrounding the incoming administration in the U.S., XRP might attempt to test the $3 level.
Did you know it’s possible to get dehydrated during the winter? Though dehydration is usually associated with the hot weather of summer, its symptoms can still occur during the winter, including muscle cramps, headaches, fatigue and dry skin. In fact, since cold weather can reduce our sense of thirst, it’s particularly important that you pay attention to your hydration levels during colder months.
Most people will tell you to drink more water to stay hydrated. While that’s the best way, what do you do if you don’t enjoy it? Fortunately, according to an expert, there are hydrating foods full of electrolytes that can help you replenish your body’s minerals while satisfying your thirst. These are the top foods to focus on in the new year.
How to tell if you’re hydrated
From talking fridges to iPhones, our experts are here to help make the world a little less complicated.
Hydration needs vary based on your size, activity level and how much you sweat. Gabriela Barreto, a registered dietitian and sports nutritionist says there are two indicators of hydration level: your thirst and the color of your urine. “Drinking to thirst can be appropriate for most individuals to maintain their hydration levels and as for urine, you’re looking for a pale yellow color,” says Barreto. She says the only times you shouldn’t be concerned about the color of your urine are during your first pee of the morning because it tends to be dark, or if you are taking vitamin B supplements, which make urine more likely to appear bright yellow.
Barreto recommends that besides food and water, a hydration supplement such as Skratch can benefit individuals with active jobs and people who work out or spend a lot of time in the heat outdoors. “Utilizing a hydration product can be useful to increase your body’s water stores,” she says. “I recommend a hydration product with 300 to 500 milligrams of sodium and preferably about 20 grams of carbohydrates.” Keep in mind an electrolyte drink without carbohydrates will help with rehydration, too, just not as efficiently. So make sure to read the labels first to choose the best option for your needs.
A glass is water is not the only option if you are thirsty.
Stefania Pelfini/Getty Images
From talking fridges to iPhones, our experts are here to help make the world a little less complicated.
Which foods are most hydrating?
Most foods contain some amount of water, but it probably won’t surprise you to learn that fruits and vegetables are at the top of the list.
To get the most out of these hydrating fruits and vegetables, make sure you follow standard dietary guidelines. Barreto says, “Dietary guidelines recommend two to three servings of fruit and three to four servings of vegetables for most adults.” There are no specific guidelines for hydrating fruits and veggies, but by eating the daily recommended amount of produce you will be adding to your hydration, she says.
It is estimated that 20% to 30% of fluid needs can come from food, including fruits and veggies. By combining certain foods, you can boost your hydration. “When looking to adequately rehydrate, carbohydrates, fluid and sodium are key,” says Barreto, adding, “Carbohydrates are important for optimizing water and sodium absorption in the body.”
Watermelon and other melons
Watermelon isn’t just a fruit that is synonymous with summer, it’s also highly hydrating. It’s made up of 92% water and has antioxidants, important nutrients like vitamins A and C, magnesium, fiber and lycopene (a pigment found in red, yellow or orange-colored fruits and vegetables). Other melons such as cantaloupe are also made up of 90% water and are a good source of potassium, folate, as well as vitamins A and C.
Barreto says one hydrating recipe to try is a cucumber and watermelon salad with lime, mint and salty feta. As previously mentioned, the sodium and carbohydrates will help the body easily absorb the water from the fruit. Barreto points out that for this reason, you’ll also notice some sports dietitians recommend sprinkling some salt on your watermelon.
Cucumbers
Cucumbers are made up of 95% water and consist of vitamins like vitamin K, magnesium and potassium. This refreshing veggie can be easily added to salads, sandwiches, water or eaten on its own. Its high water content also makes it a low-calorie vegetable and is an ideal food to add to your diet if you’re looking to lose weight and feel full longer.
Squash
This versatile vegetable does well as an addition to soups, stir-fries, salads and as a side. Popular summer squashes like zucchini are a good source of vitamin C, potassium and fiber and are made up of 94% water. The high water and fiber content will keep you full and hydrated for an extended period.
Strawberries
This popular summer fruit is full of antioxidants, vitamins and minerals like vitamin C, manganese and folate. It’s an easy fruit to add into smoothies, yogurt, salads or eat on its own. Strawberries are made up of 91% water, making them the perfect fruit to quench your thirst and satisfy your sweet tooth.
Many seasonal fruits and vegetables can help keep you hydrated.
Getty Images
Lettuce and other leafy greens
Make a salad out of lettuce and other greens like lettuce, watercress, spinach or bok choy, which have high water content and provide lots of vitamins and minerals. Lettuce consists of 96% water and has folate, fiber and vitamins K and A. Spinach is high in iron, folic acid, calcium and vitamins C and A. Watercress, meanwhile, provides 100% of the recommended dietary intake for vitamin K, which is an essential nutrient for blood clotting and maintaining healthy bones. Bok choy is abundant in vitamins K and C, which means any combination of these greens is guaranteed to provide you with a salad full of nutrients.
Citrus fruits
If you enjoy oranges, grapefruits, limes and other citrus fruits, then eat up. Citrus fruits tend to be made up of about 80% water, making them good options for hydration. They are also high in vitamin C and fiber and are good for supporting your immune system. They’re even versatile enough to add to fruit salads, eat on their own, add to water or salads and even as a marinade for proteins, such as chicken or fish.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market remains mainly red, however, there are some exceptions to the rule, according to CoinStats.
On the hourly chart, the price of SOL is breaking the local support of $185.58. If the daily candle closes below that mark, the decline is likely to continue to the $180 area soon.
On the weekly chart, the picture is more bearish than bullish. If the price reaches the nearest support level of $175.26, there is a chance to see its breakout, followed by a further correction to the $160 area.
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dogecoin (DOGE) has less than four days to make history in 2024. Cryptorank data has DOGE price pegged to a monthly growth average of 22.2% in December. In the last 10 years, DOGE has registered these monthly average growth figures as it charts its growth as a top 10 coin.
Historical patterns and current challenges
However, DOGE is currently down by a significant 23% this December. To square up with its December monthly figures, Dogecoin must witness a massive rally. That is, it should have a growth rate of about 50% to align with history.
In 2017, when DOGE posted the highest growth rate of 337.5% in December, it preceded this performance with a significant 81.9% rise in November.
Analysts project that with DOGE registering growth of 161.5% in November, Dogecoin might pull a last-minute surprise on the market. They maintain that for this to happen within the remaining four days, the ecosystem has to rally support.
Although a 50% rally appears to be a huge challenge, market observers hope the ongoing bullish cycle could lend support. Additionally, DOGE’s historic record fuels anticipation for a repeat of its previous achievements amid heightened adoption.
As of this writing, DOGE’s price was trading up 0.93% to $0.3202. However, trading volume remains down by 11.17% at $2.31 billion.
The lingering price fluctuation might have dampened investors’ confidence in the last 24 hours.
Can history repeat itself?
Nonetheless, DOGE appears to have rebounded well from its previous low of $0.3103 in earlier trading. As reported earlier by U.Today, DOGE’s downtrend might have ended as the meme coin looks to stabilize at the current price levels.
However, analysis shows the coin needs to breach the 50 EMA at $0.36 to revive optimism among traders and investors.
Related
Interestingly, December has historically been a notable month for Dogecoin as the asset first flipped $1 billion in market capitalization seven years ago.
Hence, there might be a slight chance it could repeat history to attain its average growth rate.
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EUR/USD trades in a tight channel at around 1.0400 on Friday.
The cautious market mood is likely to cap the pair’s upside.
The near-term technical outlook points to a lack of directional momentum.
EUR/USD registered marginal gains after returning from the Christmas break on Thursday but failed to gather bullish momentum. Early Friday, the pair trades in a narrow channel at around 1.0400.
Euro PRICE This week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.25%
0.38%
0.90%
0.30%
0.49%
0.42%
0.95%
EUR
-0.25%
0.09%
0.56%
0.02%
0.30%
0.15%
0.68%
GBP
-0.38%
-0.09%
0.45%
-0.07%
0.21%
0.06%
0.60%
JPY
-0.90%
-0.56%
-0.45%
-0.58%
-0.34%
-0.45%
-0.04%
CAD
-0.30%
-0.02%
0.07%
0.58%
0.23%
0.12%
0.64%
AUD
-0.49%
-0.30%
-0.21%
0.34%
-0.23%
-0.15%
0.37%
NZD
-0.42%
-0.15%
-0.06%
0.45%
-0.12%
0.15%
0.50%
CHF
-0.95%
-0.68%
-0.60%
0.04%
-0.64%
-0.37%
-0.50%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The data published by the US Census Bureau showed on Thursday that Initial Jobless Claims edged lower to 219,000 in the week ending December 21 from 220,000 in the previous week. This reading came in better than the market expectation of 224,000 but failed to influence the US Dollar’s (USD) valuation. In the second half of the day, the mixed action seen in Wall Street’s main indexes limited the pair’s upside.
The economic calendar will not offer any high-tier data releases on Friday. Meanwhile, US stock index futures trade in negative territory, reflecting a cautious market stance in the European session. Unless there is a noticeable improvement in risk mood in the American session, the pair could stay on the back foot.
Nevertheless, trading conditions are likely to remain thin, not allowing EUR/USD to make a decisive move in either direction.
EUR/USD Technical Analysis
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, highlighting EUR/USD’s indecisiveness.
First resistance for EUR/USD could be spotted at 1.0430-1.0440 (50-period Simple Moving Average (SMA), static level) before 1.0475, (100-period SMA) and 1.0500 (200-period SMA). On the downside, 1.0350 (static level) and 1.0300 (static level, round level) could be seen as next support levels if the pair flips 1.0400 (static level, round level) into resistance.
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Americans tend to drink double their usual amount of alcohol during the holidays — that’s a lot of egg nog that goes straight to the noggin. Hangover symptoms, which usually start a few hours after last call, include fatigue, headaches, muscle aches, nausea, anxiety, irritability and depression.
Drinking plenty of water, taking a pain reliever like ibuprofen, eating bland foods like crackers and getting adequate rest can help speed up recovery.
There are several hangover remedies you can try, including an amino acid that’s found in food and supplements. KMPZZZ – stock.adobe.com
Research out of Finland found that L-cysteine can also prevent or ease hangover-related nausea, headaches, stress and anxiety.
L-cysteine is an amino acid, meaning that it contributes to the synthesis of new proteins within the body.
L-cysteine also increases levels of glutathione, an antioxidant that helps repair damaged cells and supports liver detoxification. Most alcohol is metabolized in the liver.
Our bodies produce cysteine from the amino acid methionine — many high-protein foods contain cysteine as well. L-cysteine can also be found in nutritional supplements in the form of N-acetyl cysteine.
L-cysteine contributes to the synthesis of new proteins within the body. rosinka79 – stock.adobe.com
A writer for Metro in the UK said this week that she took two tablets of Myrkl, an “anti-hangover” supplement that boasts L-cysteine, vitamin B12 and probiotic bacteria, before downing five beers and two tequila shots.
“I feel pretty good,” Lydia Wheatley shared. “I’ve got the light wooziness of a night well done, but my nausea is pretty much non-existent and head is fairly clear. I do actually feel somewhat fresh.”
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L-cysteine is certainly no magic bullet. The 2020 Finnish study — the strongest evidence yet for L-cysteine improving hangovers — had several limitations.
There were only 19 study participants (all male), and the supplement contained many vitamins and nutrients, so it’s unclear if L-cysteine should get all the credit.
Plus, the research was funded by Catapult Cat, which manufactures the L-cysteine tablets consumed in the study.
Still, there’s no harm in adding L-cysteine to your diet, especially after a long night of drinking. Here are some foods that contain the amino acid.
L-cysteine can be found in pork and other meat products. fudio – stock.adobe.comOatmeal is also a good source of L-cysteine. ffphoto – stock.adobe.com
Cardano (ADA), the native cryptocurrency of the Cardano blockchain, is grappling with intense selling pressure as the broader cryptocurrency market faces a downturn. Today, December 27, 2024, major digital assets, including Bitcoin (BTC), Ethereum (ETH), and XRP, have also seen price declines, contributing to an overall bearish sentiment.
At the time of writing, ADA is trading at $0.864, reflecting a 6.9% drop in the past 24 hours. The token is teetering on a critical support level, and if it breaks below, a sharp decline of up to 15% could follow, potentially dragging the price to $0.75.
Technical Analysis: Bearish Patterns Emerging
Recent price movements suggest that ADA is navigating a precarious position. The token has broken down from a bearish head-and-shoulders pattern, a classic indicator of potential downward momentum. Over the past week, ADA has consolidated below the neckline of this pattern, further heightening concerns among traders.
Key Levels to Watch:
$0.85 (Lower Boundary): ADA’s bearish scenario hinges on whether it closes a daily candle below this level. A breach here could confirm the bearish outlook.
$0.77: If the lower boundary fails to hold, ADA could decline to this level, marking a 15% drop from its current price.
$0.90: A reversal above this level would invalidate the bearish thesis and signal a potential recovery.
Trading Volume and Momentum:
The altcoin’s trading volume has plummeted by 16% in the last 24 hours, reflecting growing hesitation among traders. Reduced trading activity often amplifies price volatility, making ADA’s next move even more unpredictable.
On-Chain Metrics: A Mixed Bag
Despite the bearish technical indicators, on-chain data reveals contrasting sentiments:
Exchange Outflows: According to Coinglass, exchanges recorded an outflow of $4.7 million worth of ADA over the past day. This suggests potential accumulation by long-term holders who view the current dip as a buying opportunity.
Open Interest Decline: Conversely, traders appear to be liquidating their positions, as evidenced by an 8.2% drop in open interest within the last 24 hours. This highlights uncertainty and fear in the market, particularly among short-term participants.
The Broader Market Impact
ADA’s price struggles are not occurring in isolation. The cryptocurrency market as a whole has been impacted by macroeconomic factors and investor caution. Major assets like Bitcoin and Ethereum have faced similar declines, creating a ripple effect that has dragged down altcoins, including Cardano.
However, ADA’s resilience in past market downturns has shown that it can rebound strongly when conditions stabilize. Whether this will hold true in the current scenario remains to be seen.
What’s Next for Cardano?
As ADA approaches its critical support at $0.85, the market is at a tipping point. A decisive move below this level could confirm a prolonged bearish trend, while a bounce could drives renewed optimism among investors.
For now, traders should monitor the following:
Daily Candle Closures: A close below $0.85 would likely trigger further declines.
Trading Volume: Increased volume could signal renewed interest and potentially stabilize prices.
Cardano (ADA) is at a critical juncture as it battles to hold its support level amid a broader market downtrend. While technical indicators point to further declines, on-chain data suggests that long-term holders may see this as an opportunity to accumulate.
The coming days will be crucial for ADA, with its next move potentially setting the tone for its performance heading into 2025. Traders and investors alike should proceed with caution, keeping an eye on key technical levels and market dynamics.
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” saidEmily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.