About Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.
19 12, 2024

XAU/USD sees a dead cat bounce following Fed’s hawkish cut

By |2024-12-19T04:54:04+02:00December 19, 2024|Forex News, News|0 Comments


  • Gold price off monthly lows, remains below $2,600 amid the Fed’s hawkish rate cut.        
  • The US Dollar consolidates at multi-month highs alongside the US Treasury bond yields. 
  • Gold price remains a ‘sell-on-bounce’ trade on the daily time frame.

With the full final week of 2024 almost drawing to a close, Gold price remains vulnerable near one-month lows below $2,600, licking the hawkish US Federal Reserve (Fed) policy decision-inflicted wounds.

Gold price loses $2,600 as Fed signals fewer rate cuts in 2025

Gold price extended its corrective decline from five-week highs of $2,726 and hit the lowest level in a month near $2,580 before rebounding toward $2,600, where it now wavers.

The primary reason behind the Gold price downside is the Fed’s cautious outlook on interest rate cuts in the face of US President-elect Donald Trump’s protectionist world, which is likely to be inflationary.

The US central bank lowered policy rate by 25 basis points (bps) to 4.25%-4.50% range, as widely expected. However, the Fed’s Statement of Economic Projections (SEP), the so-called Dot plot chart, forecast two quarter-percentage-point rate reductions by the end of 2025. That is half a percentage point less in policy easing next year than officials anticipated as of September.

The Fed policymakers project inflation jumping to 2.5% from 2.1% in their prior projections for the first year under the new Trump administration.

The hawkish Fed shift triggered a sharp rally in the US Treasury bond yields, which drove the US Dollar (USD) to over two-year highs against its major rivals. The US Dollar Index (DXY) surged to 108.27, its highest since November 2022.

Looking ahead, traders will react to the Fed’s hawkish cut outcome while awaiting the policy verdicts from the Bank of Japan (BoJ) and the Bank of England (BoE). Both central banks are expected to stand pat on interest rates, but their outlooks on the policy course next year will hold the key to market sentiment.

The US Dollar could take the lead from the USD/JPY price action following the BoJ policy announcements, impacting the USD-sensitive Gold price. However, any move is likely to be temporary, as the focus will remain on the latest Fed projections.

Gold traders will also look forward to the US data releases, including the third-quarter growth revision, Jobless Claims and Existing Home Sales data, for fresh trading impetus ahead of Friday’s US November PCE inflation report.

Gold price technical analysis: Daily chart

The daily chart shows that Gold price is testing the key 100-day Simple Moving Average (SMA) at $2,605 on its tepid recovery attempt early Thursday.

Recapturing that level on a daily closing basis is critical to unleashing additional recovery.

The next topside barrier is at the December 17 low of $2,633, followed by the 21-day Simple Moving Average (SMA) of $2,650.

The 14-day Relative Strength Index (RSI) has ticked up but remains below the 50 level, suggesting that Gold price remains a good selling opportunity on rebounds.

If the turnaround fizzles out, Gold sellers will again challenge the monthly low of $2,583.

The November 15 and 14 lows at $2,555 and $2,537, respectively, could come into play.

 



Source link

19 12, 2024

Analysts Predicts ‘Major Boom’ For Dogecoin Price, Here’s The Target

By |2024-12-19T03:30:24+02:00December 19, 2024|Crypto News, News|0 Comments

Crypto analyst Lebicahlz has predicted that the Dogecoin price is set to witness a major explosion, which would send it to new all-time highs (ATHs). The analyst also provided price targets that Dogecoin could reach as it rallies to new highs. 

Dogecoin Price Set To Reach New ATHs

In a TradingView post, Lebicahlz said he believes the Dogecoin price is ready to blast off into new record highs. The analyst warned that the growth may not be as much as previous bull runs. However, he added that Dogecoin does look like a very good coin for 2025, as it has more room to run to the upside. 

Source: TradingView

The analyst’s accompanying chart showed that Dogecoin could rally to as high as $20 by next year. Such a parabolic rally would represent a price gain of around 4.900% from its current level. Based on the chart, this price surge could happen sometime between early January 2025 and July. 

Crypto analyst Javon Marks also recently echoed a similar bullish sentiment for the Dogecoin price, stating that historical data shows that the Dogecoin price will experience a surge of over 75% to reach a new ATH. Marks predicted that the foremost meme coin could rally above $3 and reach $15 on a “high end.”

Crypto analysts like Trader Tardigrade have also previously predicted that the Dogecoin price could reach double digits in this market cycle. Trader Tardigrade predicted that Dogecoin could reach as high as $30 if it mirrors the 2021 bull run. In line with this, the analyst advised that investors should start looking to secure profits when Dogecoin hits $10 and possibly continue to do so as the meme coin rallies to $30. 

DOGE Investors Are Growing Impatient

In an X post, crypto analyst Ali Martinez revealed that DOGE investors might be growing impatient with the Dogecoin price action. This came as the analyst revealed that the market sentiment for Dogecoin has turned negative. Based on this, the analyst remarked that traders are getting impatient during this ongoing price consolidation. 

Analysts Predicts ‘Major Boom’ For Dogecoin Price, Here’s The Target
Source: TradingView

The Dogecoin price has continued to consolidate around the $0.4 range for about a month now since its parabolic rally between October and November. However, crypto analyst Kevin Capital provided some optimism for those who might be bearish at the moment. 

He stated that a dovish Fed outlook for 2025 and the Bank of Japan’s decision not to hike rates could nullify any bearish indicator. In line with this, the analyst remarked that now is not the time to overanalyze charts but instead to focus on macroeconomic factors. 

At the time of writing, the Dogecoin price is trading at around $0.38, down over 4% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price pushing higher | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Source link

19 12, 2024

Best Mounjaro Alternative Over the Counter: Cheaper, Safer Alternatives to Tirzepatide OTC

By |2024-12-19T01:30:31+02:00December 19, 2024|Dietary Supplements News, News|0 Comments


If you are considering a natural over the counter Mounjaro alternative for 2025 – we have the top 3 options for you.

SAN FRANCISCO, CA / ACCESSWIRE / December 18, 2024 / If you’ve been following recent advancements in weight loss injections, chances are you’ve come across Mounjaro (also known as Tirzepatide). This prescription medication has made headlines-and gone viral on social media-for its remarkable ability to aid in weight loss while improving blood sugar levels in individuals with type 2 diabetes.

However, Mounjaro isn’t the right fit for everyone. Since it’s a prescription medication, getting access to it can be a hassle, often requiring multiple doctor visits and a significant financial commitment. Additionally, like any medication, Mounjaro comes with potential side effects-some of which can be uncomfortable or even serious.

That’s where over-the-counter (OTC) alternatives step in. These supplements offer a safer, more affordable, and easily accessible option compared to prescription weight loss drugs. The best part? Many OTC options can be just as effective in helping you tackle stubborn weight and maintain your progress over time.

So, which over-the-counter weight loss supplements can truly rival Mounjaro’s results? After thorough research and careful evaluation, we’ve narrowed the list down to the top three contenders that stand out for their effectiveness and safety. Let’s take a closer look!

Top Mounjaro Over the Counter Alternatives

Here are the best over the counter Alternatives ti Mounjaro – starting with the market leader – PhenQ.

1. PhenQ – Best Mounjaro Alternative

  • Strong appetite suppressant and fat burner

  • $69.99 single – $41.80 per bottle qty 5

  • Where to buy: Official PHENQ website

Why PhenQ is the Best Natural Mounjaro Alternative

What is PhenQ and How Does it Work?

PhenQ is a natural weight management supplement designed to support healthy weight loss by targeting multiple aspects of fat reduction. Unlike many single-purpose weight loss products, PhenQ works through a five-in-one formula to:

  • Burn stored fat by boosting your metabolism and thermogenesis.

  • Suppress your appetite, helping you control calorie intake.

  • Block fat production, preventing new fat cells from forming.

  • Improve energy levels, keeping you active and motivated even during calorie deficits.

  • Enhance mood to avoid emotional eating or diet-related frustration.

Its unique formula combines natural, science-backed ingredients like α-Lacys Reset®, Capsimax Powder, Chromium Picolinate, and Caffeine, making it a powerful yet safe alternative to prescription drugs like Mounjaro.

Why Use PhenQ Instead of Mounjaro?

PhenQ offers several advantages over Mounjaro, especially if you’re looking for a more accessible, cost-effective, and side-effect-free solution.

  1. No Prescription Needed: While Mounjaro requires a doctor’s prescription and costly appointments, PhenQ is available over-the-counter, making it easier to purchase and use without jumping through hoops.

  2. Affordability: Mounjaro can cost thousands of dollars annually, even with insurance. In contrast, PhenQ is a fraction of the cost, offering long-term weight management without breaking the bank.

  3. Fewer Risks: Prescription medications like Mounjaro often come with side effects, such as nausea, diarrhea, and abdominal discomfort. PhenQ uses natural ingredients, reducing the chance of unpleasant or harmful side effects.

  4. Holistic Benefits: While Mounjaro focuses on weight loss and blood sugar control for diabetes, PhenQ addresses multiple weight loss challenges-fat burning, appetite suppression, and mood enhancement-all in one formula.

Testimonials: Real People, Real Results

PhenQ has transformed the lives of thousands of users who struggled with weight loss. Here are a few testimonials from satisfied customers:

  • Sarah T.: “PhenQ has been a game-changer for me. I’ve lost 20 pounds in three months without any side effects. It helped me control my cravings and stay energized throughout the day!”

  • James L.: “I was hesitant about trying a supplement, but PhenQ exceeded my expectations. It suppressed my appetite and gave me the boost I needed to stay active. Highly recommend it!”

  • Emily R.: “After struggling with weight gain, PhenQ helped me lose 15 pounds in two months. I feel confident and healthier than ever!”

These success stories demonstrate how PhenQ delivers a good level of average weight loss results without the complications often associated with prescription drugs.

PhenQ Price and Ease of Purchase Compared to Mounjaro

PhenQ is not only more affordable than Mounjaro, but it’s also incredibly easy to purchase. A one-month supply of PhenQ costs $69.95, with discounts available for bulk purchases (e.g., buy two, get one free). This is a significant saving compared to Mounjaro, which can cost up to $1,000 or more per month without insurance coverage.

Additionally, PhenQ is available directly from its official website, ensuring you receive genuine products with free worldwide shipping and a 60-day money-back guarantee. There’s no need for a doctor’s prescription, insurance approvals, or pharmacy visits-PhenQ is delivered straight to your door.

Why PhenQ is the Best Natural Alternative to Mounjaro

PhenQ stands out as the best natural alternative to Mounjaro because it offers effective weight loss results without the high cost, side effects, or hassle of prescription medications. Its multi-action formula, affordability, and ease of purchase make it a practical and reliable solution for anyone looking to shed stubborn weight and improve their overall health.

With thousands of positive testimonials and a risk-free purchase guarantee, PhenQ is your go-to option for achieving long-lasting weight loss-safely and naturally.

2. Capsiplex – Thermogenic Fat Burner

Capsiplex is an excellent natural over-the-counter (OTC) alternative to Mounjaro injections. Its formula harnesses the power of capsaicin, a compound found in chili peppers, to boost metabolism, enhance fat burning, and suppress appetite. By naturally stimulating thermogenesis, Capsiplex helps the body burn more calories, even at rest, without the side effects often associated with prescription medications like Mounjaro.

Unlike prescription drugs, Capsiplex is affordable, easily accessible without a doctor’s approval, and enriched with additional ingredients like caffeine and niacin to improve energy and focus. It’s a safe, effective, and convenient solution for sustainable weight loss.

3. Keto Charge – Keto Supplement

Keto Charge is a powerful over-the-counter (OTC) option for weight management that serves as a natural alternative to Mounjaro injections. It works by helping the body achieve and maintain a state of ketosis, a metabolic process where the body burns fat for energy instead of carbohydrates. This makes it an excellent choice for those seeking significant fat loss without relying on prescription medications.

Unlike Mounjaro, which requires injections and may cause unpleasant side effects, Keto Charge is taken in pill form and uses natural ingredients to support weight loss. It boosts ketone production, reduces cravings, and provides sustained energy, making it easier to stick to a low-carb or ketogenic diet.

Additionally, Keto Charge is far more affordable and accessible than Mounjaro. There’s no need for a prescription, and it’s free from the risks and discomfort of injections. For those looking to lose weight naturally and effectively, Keto Charge offers a safe, user-friendly, and cost-effective solution.

Understanding Mounjaro and Weight Loss

What is Mounjaro?

Mounjaro is a prescription-only once weekly injection that has been making waves in the world of weight loss and diabetes management. Its active ingredient, tirzepatide, is a groundbreaking medication designed to help people achieve and maintain a healthier weight while also effectively managing blood sugar levels for those with type 2 diabetes.

What makes Mounjaro unique is how it works. Tirzepatide is a GLP-1 and GIP receptor agonist, meaning it mimics the hormones in your body that regulate appetite, digestion, and blood sugar. By targeting these pathways, Mounjaro helps you feel fuller for longer, reduces cravings, and slows the digestion of food, which can lead to fewer spikes in blood sugar after meals.

Originally developed as a treatment for type 2 diabetes, Mounjaro has shown remarkable weight loss benefits during clinical trials, even for individuals who don’t have diabetes. This dual-action effect-helping with both weight loss and blood sugar control-has made it a popular choice for doctors and patients alike.

Mounjaro is not a magic solution, but it can be a powerful part of a weight-loss journey when combined with healthy lifestyle changes like a nutritious diet and regular physical activity. It’s specifically designed for people with obesity or those struggling to lose weight due to metabolic challenges, and it requires close supervision from a healthcare provider to ensure safe and effective use.

If you’re looking for a tool to help you take control of your weight and overall health, the Mounjaro pen represents a promising option that addresses both the physical and hormonal factors that make weight loss difficult for many people. Always consult your doctor to see if it’s the right choice for your personal health goals.

How Does Mounjaro Work for Weight Loss?

Mounjaro works by targeting two key receptors in your body, GLP-1 (glucagon-like peptide-1) and GIP (glucose-dependent insulinotropic polypeptide). These receptors play critical roles in regulating appetite, digestion, and control blood sugar levels. By activating both receptors, Mounjaro triggers a powerful, dual-action effect that supports weight loss and improves metabolic health.

Here’s how it works:

  1. Enhances Feelings of Fullness: By increasing the levels of hormones that signal satiety, Mounjaro helps you feel fuller for longer after eating. This reduces the urge to snack or overeat, making it easier to maintain a calorie deficit-a key factor in weight loss.

  2. Slows Digestion: Mounjaro slows the emptying of food from your stomach, which further contributes to prolonged feelings of fullness and steadier energy levels throughout the day.

  3. Regulates Blood Sugar Levels: For those with type 2 diabetes or insulin resistance, Mounjaro helps balance blood sugar by stimulating insulin release from the pancreas when blood sugar levels are elevated. At the same time, it reduces the production of glucagon, a hormone that raises blood sugar. This dual mechanism not only improves blood sugar control but also reduces the storage of excess fat.

By addressing both appetite regulation and blood sugar management, Mounjaro tackles the root causes of weight gain for many individuals, particularly those with metabolic challenges. This comprehensive approach makes it a highly effective option for sustainable weight loss.

Combined with a healthy diet, regular exercise, and guidance from a healthcare provider, Mounjaro provides a powerful tool to help individuals achieve their weight and health goals. While it’s not a standalone solution, its ability to work in harmony with your body’s natural processes sets it apart as a game-changing treatment for weight management.

FDA Approved Alternatives to Mounjaro

When it comes to FDA approved medications for weight loss and diabetes management there are several alternatives to Mounjaro that have gotten a lot of attention for their effectiveness. These medications like Mounjaro work by targeting the same pathways to help regulate appetite, control blood sugar and promote weight loss. Here’s a look at some of the most popular ones:

Wegovy: A Popular Weight Loss Alternative

Wegovy is the brand name for semaglutide an injectable GLP-1 receptor agonist approved by the FDA for weight management. It’s for people who are overweight or obese and can’t lose weight through diet and exercise alone.

Wegovy works by mimicking the effects of the natural GLP-1 hormone which helps regulate appetite and food intake. By slowing down digestion and telling the brain you’re full Wegovy helps you eat fewer calories without feeling deprived.

In clinical trials Wegovy showed impressive results with participants losing an average of 15% of their body weight over 68 weeks when combined with lifestyle changes. That’s the most effective weight loss medication out there.

Wegovy is for people who don’t have type 2 diabetes but want to manage obesity or weight related conditions like hypertension or high cholesterol.

Ozempic: A GLP-1 Receptor Agonist for Type 2 Diabetes

Ozempic is another medication that contains semaglutide as the active ingredient and was originally developed and FDA approved for type 2 diabetes. Like Wegovy it works as a GLP-1 receptor agonist to lower blood sugar levels by stimulating insulin production and slowing the release of sugar into the bloodstream.

While marketed as a diabetes medication Ozempic has been prescribed off label for weight loss especially for people looking for cosmetic weight loss. It works the same way as Wegovy to control appetite and promote steady sustainable weight loss. But Ozempic is not FDA approved for weight management so that may impact how it’s prescribed and used.

For people with type 2 diabetes and weight loss goals Ozempic offers a double benefit: better glycemic control and gradual weight loss.

ZepBound: A New Weight Management Option

ZepBound is the newest addition to the list of FDA approved weight loss medications another option for people looking for solutions. It works the same way as Wegovy and Ozempic targeting the GLP-1 pathways to regulate appetite and slow digestion. Details about its clinical results are still emerging but ZepBound looks like another tool to manage obesity and related health conditions.

Bottom Line

All of these medications-Mounjaro, Wegovy, Ozempic and ZepBound-are part of a growing class of medications that address the biological and hormonal factors that make weight loss hard for many people. They work best when combined with a balanced diet, regular exercise and a healthcare provider.

Which one to choose? Depends on your health needs, do you need diabetes management or just weight loss? Talk to a healthcare provider to figure out which one is right for you to achieve long term health and weight management.

Over-the-Counter (OTC) Alternatives

Budget-Friendly OTC Options for Weight Loss

  • There are plenty of over-the-counter weight loss options available.

  • Some popular OTC weight loss products include PhenQ, a natural weight loss supplement that contains capsimax powder, a blend of capsicum, caffeine, niacin, and piperine.

Medications Prescribed Off-Label for Weight Loss

In some cases, doctors prescribe medications for purposes beyond their official FDA-approved uses, a practice known as off-label prescribing. This approach is common in weight management, where certain medications designed for other conditions are found to aid in weight loss effectively.

For example, Ozempic, originally approved to manage type 2 diabetes, has been widely prescribed off-label for cosmetic weight loss due to its appetite-suppressing and metabolism-regulating effects. Off-label use allows healthcare providers to leverage proven benefits of medications for additional therapeutic purposes, but it requires careful monitoring to ensure safety and effectiveness.

Nutrition and Lifestyle Changes for Weight Loss

A balanced diet is key to successful weight management and not just weight loss, it helps you maintain a healthy BMI over time. Making better food choices – whole, unprocessed foods, lean proteins, healthy fats and fiber rich fruits and vegetables – can improve your overall health.

By eating nutrient dense meals and managing your portions you can create a calorie deficit which is essential for losing body mass. A healthy diet also reduces your risk of chronic diseases like type 2 diabetes, heart disease and hypertension, its a long term investment in your well being. Small changes like reducing added sugars and high calorie snacks can make a big difference over time.

Physical Activity for Weight Loss

Physical activity is equally important for weight loss and overall health. Exercise increases your energy expenditure, helps you burn calories and improves your body’s metabolic efficiency. It also reduces the risk of obesity related complications like cardiovascular disease and insulin resistance.

For weight loss and overall health aim for at least 150 minutes of moderate intensity aerobic exercise (like brisk walking, cycling or swimming) or 75 minutes of vigorous intensity exercise (like running or high intensity interval training) per week. Combining aerobic exercise with strength training two or more times a week can help you build lean muscle which further boosts your metabolism.

By pairing consistent exercise with healthy eating habits, you create a powerful combination that supports long-term weight loss and better physical and mental health.

Mounjaro Warnings and Side Effects to Watch Out For

Weight loss meds can work, but they often come with common side effects that will affect your daily life. These are nausea, vomiting, diarrhea, loss of appetite, constipation, upper abdominal discomfort and abdominal pain. These are usually mild and will go away as your body adjusts to the medication.

Monitor these side effects closely and keep track of how often and how bad they are. If they persist, worsen or interfere with your life, call your doctor. Your doctor can adjust your dosage, recommend supportive treatments or explore other options for you.

Serious Health Risks and Precautions

While many weight loss meds are safe when prescribed and monitored by a doctor, there are serious health risks especially with over-the-counter or unregulated alternatives. These risks include heart problems, intestinal blockages, gallbladder issues and severe allergic reactions.

To minimize these risks, only use FDA approved meds under medical supervision. Tell your doctor your full medical history including any existing conditions or meds you’re taking to avoid interactions. If you experience chest pain, shortness of breath or severe abdominal pain, seek medical help.

Mounjaro Cost and Insurance

Insurance and Prescription Cost

Mounjaro prescription medications are more expensive than over the counter (OTC) options because of the special formulation and research that goes into them. Without insurance the out of pocket cost of Mounjaro can be high and not accessible to everyone.

Many insurance plans cover Mounjaro if prescribed for type 2 diabetes or specific weight management needs but coverage depends on your provider and policy. To make it more affordable you can look into manufacturer savings programs, copay cards or third party resources like a SingleCare prescription discount card which can help reduce cost at participating pharmacies.

When thinking about Mounjaro or any other obesity medication make sure to consider your budget, insurance and discounts so it’s affordable. Talk to your doctor to find options that work for you.

Choosing the Best Mounjaro Alternative Summary

Selecting the right Mounjaro alternative depends on your unique needs, health status, and weight loss goals. Factors such as body mass index (BMI), current lifestyle, and underlying health conditions should guide your choice. If you’re seeking an effective and natural alternative, options like PhenQ and Capsiplex stand out.

PhenQ offers a comprehensive, multi-action approach to weight loss by burning fat, suppressing appetite, and boosting energy, making it a great choice for those targeting stubborn fat. Capsiplex is ideal for individuals focusing on metabolism enhancement and calorie burning. Both are safer, more affordable, and accessible compared to prescription medications like Mounjaro.

Contact Information

Tony Stevens
Labmeeting
info@labmeeting.com
4152229090

SOURCE: Labmeeting

View the original press release on accesswire.com



Source link

19 12, 2024

Cardano Price Prediction: Is 3X Realistic for ADA by the End of 2025?

By |2024-12-19T01:29:05+02:00December 19, 2024|Crypto News, News|0 Comments

There are many reasons why Cardano (ADA) gained popularity over the years – eco-friendly blockchain, smart tools for developers, and real-world use cases that keep growing. 

Now, some Binance analysts think ADA could triple in value by 2025, thanks to upgrades in scalability and a bigger ecosystem of dApps and partnerships. 

But competition and regulations could make the path tricky. 

PlutoChain ($PLUTO) could also step in and get attention with its Layer-2 solution for Bitcoin, which adds speed and advanced features like DeFi and NFTs while keeping Bitcoin’s core intact. 

It might also help developers create Ethereum-level applications on Bitcoin’s secure infrastructure.  

Let’s get into the details below.

Technical Data Answers the Question – Can Cardano (ADA) Realistically Deliver a 3X Return by 2025? 

Cardano’s ability to triple its value by 2025 depends on several factors that could shape its growth and adoption. 

Its focus on scalability innovations, like the Hydra protocol, could significantly enhance the network’s ability to handle high transaction volumes with minimal delays. 

Hydra aims to make decentralized applications (dApps) on Cardano faster and more efficient, which might attract developers looking for a reliable and scalable blockchain.

The ecosystem’s growth is another major driver. Metrics like Total Value Locked (TVL) in DeFi projects and staking adoption are on the rise. Over 70% of ADA’s supply is currently staked, which shows strong confidence from the community. 

Currently, Cardano’s price stands at around $1, with a short dip in the last 24 hours. 

Cardano Price Prediction: Is 3X Realistic for ADA by the End of 2025?

Partnerships remain a cornerstone of Cardano’s strategy. Collaborations with governments, enterprises, and educational institutions, show the network’s practical applications. 

As demand for greener blockchain solutions grows, Cardano’s eco-friendly proof-of-stake (PoS) model makes it more popular. 

Binance analysts’ predictions and technical indicators also offer insights into Cardano’s price trajectory. Many see ADA as undervalued given its expanding ecosystem and scalability upgrades. 

Key technical indicators like the Relative Strength Index (RSI) and support/resistance levels suggest bullish momentum, especially if the market remains favorable.

If Hydra lives up to its promise and partnerships continue to expand, Cardano has a realistic chance to deliver a 3X return by 2025. Its eco-conscious design, growing ecosystem, and technological advancements position it well for the next bull run.

How PlutoChain Could Expand Bitcoin’s Role Beyond a Store of Value

PlutoChain ($PLUTO) could change how we think about Bitcoin. Instead of just being digital gold, Bitcoin might get a whole new level of usefulness with this project.

It may add features like DeFi, NFTs, and even AI-powered projects, which could make Bitcoin more versatile and practical for developers and users alike.

One of PlutoChain’s main features is its Ethereum Virtual Machine (EVM) compatibility. 

This may allow developers to move Ethereum-based apps onto Bitcoin’s network without much hassle. It’s like combining Ethereum’s creativity with Bitcoin’s rock-solid security, which could open up exciting possibilities for cross-chain projects.

PlutoChain’s independent Layer-2 blockchain could speed things up. It processes blocks in just 2 seconds, which means fast, cheap transactions potentially without messing with Bitcoin’s core setup. 

The numbers back it up too—the testnet handles over 43,000 daily transactions, which might prove it’s ready for real-world use.

It’s passed audits by SolidProof, QuillAudits, and Assure DeFi, so developers know it’s trustworthy. On top of that, PlutoChain’s governance system could put the community in charge.

Members can vote on updates and new features, which could give everyone a say in how the network grows.

PlutoChain may push Bitcoin beyond its limits, which might turn it into a platform that can power the next wave of decentralized innovation.

The Bottom Line

Cardano has a strong shot at delivering a 3X return by 2025 and this is primarily driven by its focus on scalability through Hydra, a growing ecosystem of dApps, and real-world partnerships with governments and enterprises. 

PlutoChain ($PLUTO), meanwhile, could redefine Bitcoin’s potential. With its Layer-2 technology, PlutoChain might add advanced features like DeFi and NFTs while also maintaining Bitcoin’s robust security.

———————

Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.



Source link

19 12, 2024

Natural Gas Price Forecast: Targets New Highs, Resistance at 3.56 Looms

By |2024-12-19T00:52:09+02:00December 19, 2024|Forex News, News|0 Comments


Signs Correction Complete

The recent retracement low on December 4 was at 2.98. That decline completed a 61.8% Fibonacci retracement at 3.02 and returned to the breakout area of a large symmetrical triangle pattern. This is classic bullish behavior as a prior resistance zone was successfully tested as support and an advance followed. The 20-Day MA (purple) has done a good job of marking dynamic support for the uptrend since it was reclaimed on October 29.

Recently, it was tested as support on multiple days, including yesterday. Although natural gas fell through the 20-Day line on six days recently, beginning with the December 4 low, it managed to close above the line each day. So, there was a fast recovery, which points to underlying demand.

Strong Momentum Needed for Breakout

There is the potential for a continuation to new trend highs, but the attempt to break out to new trend highs was cut short last week as resistance was seen around 3.56. That is where resistance was seen following the initial bull breakout on November 20. Tuesday’s reversal day showed strength that now needs further follow-through. Momentum will need to be strong enough during this rally to break through 3.56. Otherwise, natural gas could consolidate a bit before it is ready to attempt a trend continuation breakout.

Near-Term Support at 3.09 Needs to Hold

On the downside, a drop through Tuesday’s low of 3.09 could lead to a retest of the 2.98 price zone and a decline below it. Also, a daily close below the 20-Day MA would be one sign of weakness. It is interesting to note that the rising 50-Day MA (orange), now at 2.88, is close to converging with the top trendline across the top of the triangle and it will likely be above in the coming days. That would improve the chance that support would be seen at or above the 50-Day line if a deeper correction develops.

For a look at all of today’s economic events, check out our economic calendar.



Source link

18 12, 2024

US Fed sends Pound into worrisome territory ahead of BoE

By |2024-12-18T23:30:59+02:00December 18, 2024|Forex News, News|0 Comments

  • The Federal Reserve delivered as expected, foresees two rate cuts in 2025.
  • The Bank of England will announce its decision on monetary policy early on Thursday.
  • GBP/USD approaches the 1.2600 mark after gaining near-term bearish traction.

The British Pound found near-term support earlier in the day, leading to GBP/USD reaching an intraday high of 1.2725. The trigger was the United Kingdom (UK) Consumer Price Index (CPI), which rose 2.6% on a yearly basis in November after printing at 2.3% growth in October, according to the data released by the Office for National Statistics (ONS) on Wednesday.

Core CPI (excluding volatile food and energy items) rose by 3.5% YoY in November, compared to a 3.3% increase in October while below the market consensus of 3.6%. Services inflation stayed unchanged at 5.0% YoY in November.

The pair held above 1.2700 afterwards, then collapsed after the United States (US) Federal Reserve (Fed) announced that it lowered the policy rate, federal funds rate, by 25 basis points to the range of 4.25%-4.5%.

The Fed made minor changes to its policy statement from the November meeting. Still, the dot-plot shows policymakers foresee now just two rate cuts in 2025, resulting in a hawkish cut that boosted demand for the US Dollar in a risk-averse environment.

Economic Indicator

BoE Interest Rate Decision

The Bank of England (BoE) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoE is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Pound Sterling (GBP). Likewise, if the BoE adopts a dovish view on the UK economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for GBP.

Read more.

Next release: Thu Dec 19, 2024 12:00

Frequency: Irregular

Consensus: 4.75%

Previous: 4.75%

Source: Bank of England

 

Source link

18 12, 2024

Dietary supplements don’t replace a healthy diet

By |2024-12-18T23:29:34+02:00December 18, 2024|Dietary Supplements News, News|0 Comments


Dietary supplements can seem like magic pills for good health, but are they as good as they seem?

Before starting on a regimen of supplements, Janice Hermann, Oklahoma State University Extension nutrition specialist, said consumers need to know the facts.

“Supplements are products marketed to consumers to supplement their diet,” she said. “They can help a person maintain or improve overall health. While supplements can be beneficial, there can be some risks in consuming them. And, they shouldn’t replace the foods in a healthy diet.”

The best way for a consumer to get needed nutrients is to eat a well-balanced diet, which can be challenging for some. Those who take medications that decrease their appetite, suffer from a disease that changes the way their body uses nutrients, or follow a very low-calorie diet may consider adding supplements.

“Individuals with mouth pain or issues swallowing may find it hard to consume enough foods to get the recommended amount of nutrients on a daily basis,” Hermann said. “In these cases, dietary supplements are a good thing.”

Consumers must keep in mind that more is not better. Taking supplements in large doses can be dangerous because the body stores minerals and fat-soluble vitamins. Over time, large amounts can build up in the body, which can lead to toxicity.

Unlike prescription medications, the Food and Drug Administration doesn’t have the authority to approve dietary supplements or their labeling before they are sold to the public. Under the Dietary Supplement Health and Education Act, supplement manufacturers are responsible for ensuring the products they sell are safe and properly labeled. The FDA’s role begins once the products enter the marketplace.

Hermann said there can be risks because dietary supplements may contain ingredients that can affect the human body.

“Always be alert to the possibility of side effects from supplements that range from less serious to life-threatening, including rash, fatigue, persistent vomiting and diarrhea, joint and muscle pain, chest pain or even stroke,” Hermann said.

Consumers who think they are experiencing a side effect from a supplement should stop taking it immediately, seek medical care and report the incident to the FDA via the online Safety Reporting Portal. Consumers may also contact their local Consumer Complaint Coordinator.  

It’s important to read product labels and be familiar with the ingredients. Also, talk to a healthcare professional before taking any dietary supplements.

“Simply because they’re not prescription medications doesn’t mean consumers shouldn’t read and follow the label instructions,” Hermann said. “Taking supplements can be beneficial, but they can’t take the place of a healthy, well-balanced diet.”



Source link

18 12, 2024

Fed’s Third Rate Cut of 2024, Will It Revive XRP and BTC Prices?

By |2024-12-18T23:28:12+02:00December 18, 2024|Crypto News, News|0 Comments

As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years. 

Fed Cuts Rates by 25 Basis Points

This decision has officially lowered the federal funds rate to 4.25% from 4.50%. While inflation remains slightly above the central bank’s target, it has significantly declined from the 40-year high reached during the pandemic peak.

Although the effects of this latest rate cut may not be immediately noticeable, it marks a critical step in what appears to be a broader effort by the Federal Reserve to continue reducing rates over time.

Despite this expectation of a rate cut, the overall cryptocurrency market remained declining ahead and following the FED announcement. Additionally, there is no sign of price recovery across the crypto market.

Will the Crypto Market Recover?

According to Coinmarketcap, the overall cryptocurrency market is down by 2.62%. In contrast, major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) witnessed a price decline of over 2.65%, 2.30%, 4.69%, and 5.15% respectively in the past 24 hours.

Source: Coinmarketcap

Based on the historical data, the rate cut is undoubtedly favorable for the financial market, including cryptocurrency. However, Min Jung, the research analyst at Presto Labs cited that the upcoming rate cut would create the least impact on Bitcoin’s BTC price.

However, during the meeting, Federal Reserve Chair Jerome Powell stated that the Fed is ‘not allowed to own Bitcoin.’ This statement by the Fed Chair could have a significant impact on the cryptocurrency market and may lead to a price decline in the coming days.

A few analysts further add that the recent rate cut may support the recent price decline to recover soon and gain losses.

Source link

18 12, 2024

XAU/USD near weekly lows ahead of Fed

By |2024-12-18T22:51:38+02:00December 18, 2024|Forex News, News|0 Comments


XAU/USD Current price: $2,637.81

  • Federal Reserve expected to trim benchmark rate by 25 bps, offer a glance into 2025.
  • The US Dollar holds near its recent weekly highs against most major rivals.
  • XAU/USD is technically bearish in the near term, aims to pierce the weekly low at $2,633.

Speculative interest holds its breath on Wednesday, resulting in little action across the FX board. Investors await the Federal Reserve’s (Fed) monetary policy announcement as the central bank ends its two-day meeting. United States (US) policymakers are expected to cut the main interest rate by 25 basis points (bps) and share their views on key macroeconomic indicators and the future of monetary policy through the Summary of Economic Projections (SEP) or dot-plot.

Finally, Chairman Jerome Powell will offer a press conference. Market players will be looking for clues on upcoming decisions, while Powell will do as usual and pour cold water on any speculation that can disrupt the market’s behaviour.

Generally speaking, the US Dollar (USD) is strong across the FX board, trading near its weekly highs against most major rivals. The basic idea of the market reaction following the aforementioned events is whether the outcome is dovish or hawkish. A hawkish central bank tends to translate into a stronger local currency, while the opposite scenario is also valid, with a dovish stance resulting in a weaker currency. Things, however, are never that straightforward.

The Fed is expected to cut rates (dovish) while delivering a hawkish message. The hawkish cut is priced in, and the market will react to 2025 expectations.

XAU/USD short-term technical outlook

Technically,  the daily chart for the XAU/USD pair shows the pair is down for a second consecutive day, although it is holding above the weekly low set at $2,633. In the same chart, a flat 20 Simple Moving Average (SMA) provides dynamic resistance at around $2,655. The 100 and 200 SMAs keep heading higher, well below the current level, limiting the long-term bearish potential. Finally, technical indicators are neutral-to-bearish, developing around their midlines and failing to provide clear directional clues.

The 4-hour chart shows that the risk skews to the downside. The XAU/USD pair trades below all its moving averages, while the 20 SMA is heading firmly lower after crossing below directionless 100 and 200 SMAs. At the same time, technical indicators gain downward traction within negative levels, supporting a fresh leg lower beyond the $2,633 weekly low.

 Support levels: 2,633.00 2,617.90 2,603.15

Resistance levels: 2,643.40 2,657.30, 2,672.70  



Source link

18 12, 2024

EUR/USD Analysis Today 18/12: Bearish Outlook Ahead (Chart)

By |2024-12-18T21:30:16+02:00December 18, 2024|Forex News, News|0 Comments

  • As previously anticipated, the EUR/USD pair has maintained a downward trend, stabilizing around and below the 1.05 support level, confirming the strong dominance of bears in the market.
  • At the beginning of today’s crucial Wednesday trading session, the Euro-Dollar pair is stabilizing around the 1.0485 support level.
  • Today, the primary focus will be on the release of Eurozone inflation figures and the US Federal Reserve’s policy announcement.

Uncertainty Surrounding France and Germany Weighs on the Euro

According to licensed trading platforms, the Euro continues to be negatively impacted against other major currencies due to the political and economic uncertainty of the Eurozone’s largest economies – Germany and France – at a time when the bloc’s economy is generally weak. The European Central Bank has been forced to ease its monetary policy. The latest setback for the Euro came from Germany, where German Chancellor Olaf Scholz lost a confidence vote, leading to elections likely to be held on February 23. In France, new French Prime Minister François Bayrou must quickly form a government and assemble a 2025 budget.

European Stocks Under Selling Pressure

During yesterday’s trading, according to stock trading platforms, European stock markets stumbled amid weak investor sentiment and anticipation of the release of Eurozone inflation figures and the US Federal Reserve’s policy decision. According to the trading, the Eurozone STOXX 50 index fell by 0.1% to 4943 and the STOXX 600 index for all European stocks fell by 0.4% to 514.

The most notable performance was the decline of financial company stocks, with shares of Santander, Intesa Sanpaolo, and BBVA losing between 4% and 1.5%. Meanwhile, low oil prices caused shares of TotalEnergies and Eni to decline by 1.2% and 2.4%, respectively. On the other hand, ASML shares closed with a sharp rise of 2%. Overall, European stock indices recorded lower performance in 2024 compared to US stock indices, which benefited from their high focus on technology stocks. The STOXX 600 index rose by only 7.2% in 2024 compared to gains of the S&P 500 index, which reached 27%.

Trading Tips:

The euro is under pressure and could continue for some time, so any bounce higher could be a chance to sell the euro again this week, which will be fateful for the euro’s closings in 2024.

The German economy is far from exiting the recession.

It is not surprising to see another gloomy economic reading from Germany, but better days are ahead, according to one economist. A leading sentiment survey in Germany shows that the Eurozone’s largest economy is no closer to exiting the recession, although 2025 brings hope as the new government has no choice but to invest. According to economic calendar data, the German Ifo business climate index fell to 84.7 points in December, down from 85.6 points in November. This was the lowest level since May 2020 and the decline was due to more pessimistic expectations, although German companies assessed the current situation as better.

Overall, the report confirms the chronic weakness of the German economy:

Manufacturing: The index declined significantly, with German companies expressing less satisfaction with their current business and significantly more pessimistic expectations. Also, Order books deteriorated, and production cuts were announced.

Services sector: The business climate index deteriorated due to more sceptical expectations, but the current situation was assessed as somewhat better. The restaurant sector reported positive Christmas business, while the transport and logistics sector are concerned about the coming months.

Understanding the IFO Survey: The German IFO business climate index is based on nearly 9,000 monthly responses from companies in manufacturing, services, trade and construction. Through it, companies provide assessments of their current business situation and their expectations for the next six months. Finally, the index is calculated using the balance of responses and normalized to the average of 2015.

EUR/USD Analysis Today:

We still emphasize the strength of the downward trend in the Euro against the US Dollar EUR/USD and that approaching around and below the support level of 1.05 continues to stimulate more bear control over the trend. Therefore, If the US economic releases and the Federal Reserve Bank announcement are in favour of the strength of the dollar. More selling pressures may collide with the support levels of 1.0420 and 1.0300 respectively. From there, technical indicators may start giving strong oversold signals, led by the Relative Strength Index (RSI) and the momentum indicator.

Conversely, if the data supports the Euro, the downward trend of the Euro-Dollar will not be broken without returning to the resistance levels of 1.0665 and 1.0800, respectively. Overall, we still adhere to the strategy of selling the Euro-Dollar but without taking risks and activating take-profit and stop-loss orders to ensure the safety of the trading account from any sudden price reversals.

Ready to trade our daily EUR/USD Forex analysis? We’ve made this forex brokers list for you to check out. 

Source link

Go to Top