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11 12, 2024

Qubetics Presale Soars: $5.4M Raised & 703.5% ROI Potential | Cardano Challenges | Immutable X’s Web3 Gaming Revolution

By |2024-12-11T01:32:27+02:00December 11, 2024|News, NFT News|0 Comments


Qubetics Presale Hits $5.4M with 703.5% ROI Opportunity | Cardano Struggles | Immutable X Revolutionizes Web3 Gaming

The blockchain and crypto space is abuzz with transformative developments that promise to reshape industries and redefine investor opportunities. Qubetics, a groundbreaking blockchain ecosystem, is making headlines with innovative features like decentralised VPNs and staggering ROI potential from its presale. Meanwhile, Cardano is battling market headwinds, and Immutable X is redefining Web3 gaming with an innovative rewards system. Let’s dive deep into how these three players are leaving their mark on the blockchain landscape.

Qubetics: A New Era of Internet Privacy with Decentralized VPN

The Qubetics Network is making waves in the blockchain ecosystem with its bold vision for decentralised infrastructure. Among its standout features is the introduction of a decentralised VPN (dVPN), poised to transform internet privacy and security.

dVPN: Redefining Privacy and Freedom

Unlike traditional VPN services, which often suffer from centralisation and potential data vulnerabilities, Qubetics’ dVPN leverages blockchain technology to deliver unparalleled transparency, privacy, and censorship resistance. Key features include:

  • Decentralised Architecture: Operates on a peer-to-peer network with no central authority, ensuring no single point of control or failure.
  • Tokenised Incentives: Bandwidth providers are rewarded with TICS tokens, creating a robust bandwidth-sharing marketplace.
  • Enhanced Security: Multi-hop routing and end-to-end encryption ensure secure and anonymous access to the internet.

Presale Phase 12: Numbers That Excite Investors

Qubetics is currently in Presale Phase 12, offering a rare opportunity for early adopters. The presale comes with incredible benefits:

  • $TICS token price: $0.031 per token.
  • Funds raised: Over $5.4 million.
  • Tokens sold: 303 million, supported by a growing community of 8,300+ holders.
  • Post-presale target: $0.25 per token, offering a 703.5% ROI for investors in the current phase.

Astounding ROI Potential

Analysts predict Qubetics tokens could reach $10 to $15 post-mainnet launch. If these predictions hold, the potential returns for early investors are staggering:

  • At $10/token: An ROI of 32,028.61%.
  • At $15/token: An ROI of 48,092.91%.

For example, a $100 investment today at $0.031 per token would yield 3,212.86 $TICS tokens, potentially growing to over $48,000 if the token reaches $15.

Qubetics isn’t just offering a token; it’s creating a revolutionary ecosystem that merges privacy, blockchain, and financial opportunity.

Cardano: Battling Market Headwinds

Once celebrated as a robust blockchain network, Cardano faces market challenges. On Monday, it traded at $1.0589, marking a 10.07% drop in a single day—the largest one-day percentage loss since December 9.

Market Overview

  • Market Cap: Dropped to $37.903 billion, or 1.08% of the total cryptocurrency market cap. This sharply contrasts its peak market cap of $94.800 billion.
  • Trading Range: In the last 24 hours, Cardano traded between $1.0568 and $1.1933. Over the past seven days, it ranged between $1.0568 and $1.3251, reflecting a 10.65% decline in value.
  • Volume: Cardano’s 24-hour trading volume stood at $2.016 billion, accounting for 0.84% of the total cryptocurrency trading volume.

Cardano is still down 65.83% from its all-time high of $3.10 on September 2, 2021. While these numbers may concern short-term investors, Cardano’s long-term potential in scalability and smart contract development remains a significant factor in its recovery prospects.

Qubetics Presale Soars: .4M Raised & 703.5% ROI Potential | Cardano Challenges | Immutable X’s Web3 Gaming Revolution

Immutable X: Redefining Web3 Gaming with Gems

Immutable X (IMX) is at the forefront of Web3 gaming, and its latest initiative, Gems, is creating waves in the gaming community. Immutable X is introducing continuous rewards to enhance player engagement and sustain vibrant gaming ecosystems as part of its Main Quest program.

Gems: A New Reward Paradigm

Gems are at the heart of Immutable’s gaming ecosystem, offering players dynamic and perpetual rewards:

  • Daily Quests: Players earn Gems by completing daily tasks and participating in events across key titles like Pool Masters, Space Nation, Blade of God, and more.
  • Global Launch of RavenQuest Phase 3: This anticipated release will introduce deeper quests and more opportunities for players to earn and exchange Gems for weekly rewards.

Evolving Rewards System

  • No More Daily Bonus Gems: Immutable X moves towards dynamic and variable daily rewards, encouraging genuine game engagement.
  • Perpetual Rewards: Launching early next year, perpetual rewards will allow players to exchange Gems for weekly rewards, adding long-term value to player contributions.

This initiative underscores Immutable X’s commitment to creating a sustainable and engaging gaming ecosystem, making it a standout in the Web3 gaming space.

Conclusion: The Blockchain Future is Here

From Qubetics’ groundbreaking dVPN and presale frenzy to Cardano’s market struggles and Immutable X’s gaming innovations, these developments highlight the transformative power of blockchain technology. Whether you’re an investor, developer, or gaming enthusiast, staying informed about these trends is key to thriving in the fast-evolving world of crypto.

As Qubetics pushes the boundaries of privacy, Immutable X redefines gaming, and Cardano continues its journey, the blockchain industry is poised for a future filled with innovation, growth, and opportunity.

For More Information:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.



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11 12, 2024

Natural Gas Price Forecast: Targets Higher Levels Amid Signs of Bottoming

By |2024-12-11T01:09:12+02:00December 11, 2024|Forex News, News|0 Comments


Another Retest of 20-Day Support

Four out of the past last five days tested support around the 20-Day and each time natural gas fell below the line earlier in the session it traded back above the line by the close. That should be the same situation today. If dynamic support is retained at or above the 20-Day line, natural gas is primed to continue higher. It has been attempting to establish a bottom for the current pullback. But it has not yet made a clear break off that bottom that should engender confidence in the bullish reversal with signs of more aggressive buying.

Weekly Bullish Reversal Triggered

A bullish reversal was triggered yesterday on the weekly chart (not shown). The trigger indicates strengthening in demand for natural gas and it provides another piece of evidence supporting a bullish continuation of the rising trend and the likelihood that the bearish correction may have bottomed out.

The uptrend that begins from the February 2024 trend low triggered a breakout recently on a rally above the 3.02 swing high on November 20. That was concurrent to a symmetrical triangle breakout. Each would be a valid signal on its own but when they occur together the assumption is that upside follow-through should occur with improved momentum.

Bullish Hammer Breakout Above 3.19

After today, strength will be indicated on a rally above today’s high of 3.19 and further still on a move above Monday’s high of 3.32. The internal uptrend that is nearby can be used as a guide as it was previously representing support during the way up. It was specifically tested as resistance last Thursday before the gap up opening on Monday.

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



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10 12, 2024

USD/JPY Recovery at Trend Resistance

By |2024-12-10T23:49:36+02:00December 10, 2024|Forex News, News|0 Comments

Japanese Yen Technical Forecast: USD/JPY Daily / 240min Trade Levels

  • USD/JPY rebounds off key support into December- Monthly opening-range taking shape
  • USD/JPY rally now testing confluent downtrend resistance- risk for exhaustion / price inflection ahead
  • Resistance 151.74/99 (key), 153.02/40, 154.34- Support 148.73-149.60 (key), 146.14/65, 144.17/63

The US Dollar is up more than 2.1% off the monthly low against the Japanese Yen with USD/JPY rebounding off key testing support into the December open. The recovery has now extended into technical resistance at the November downtrend with major US inflation data on tap tomorrow. Battle lines drawn on the USD/JPY short-term technical charts.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen setup and more. Join live on Monday’s at 8:30am EST.

Japanese Yen Price Chart – USD/JPY Daily

Chart Prepared by Michael Boutros, Sr. Technical Strategist; USD/JPY on TradingView

Technical Outlook: In last month’s Japanese Yen Technical Forecast we noted that USD/JPY was testing the median-line support and that, “the immediate focus is on a breakout of the weekly opening-range for guidance with the near-term threat lower while below 155.” Price broke lower the following week with USD/JPY plunging nearly 5.2% off the November high.

The decline rebounded off confluent support last week at the 2022 weekly high-close / 2023 high-week close (HWC) at 148.73-149.60. The immediate focus is on this recovery with the bulls testing confluent resistance today at 151.74/99– a region defined by the 38.2% retracement of the November decline, the 2022/2023 highs and the 200-day moving average. Looking for a possible reaction off this mark over the next few days.

Japanese Yen Price Chart – USD/JPY 240min

Japanese Yen Price ChartUSDJPY 240minUS Dollar v Yen Trade OutlookUSD JPY Technical Forecast12102024

Chart Prepared by Michael Boutros, Sr. Technical Strategist; USD/JPY on TradingView

A closer look at Japanese Yen price action shows USD/JPY trading within the confines of a descending pitchfork extending off the November highs with the upper parallel further highlighting resistance here at 151.74/99. A topside breach would expose the May low-day close (LDC) / 61.8% retracement at 153.02/40 backed by the November high-day reversal close at 154.34– a breach / close above this threshold would be needed to suggest a more significant low was registered last week / a larger trend reversal is underway.

A break below this key support zone would threaten resumption of the November downtrend towards the median-line (currently ~148), with subsequent objectives seen at 146.13/65 and the August low-day close (LDC) / January low-week close (LWC) at 144.17/63– both levels of interest for possible exhaustion / price inflection IF reached.

Get our exclusive guide to USD/JPY trading in Q4 2024

Bottom line: USD/JPY is rebounding off technical support into the start of the month with the advance now testing the first major resistance hurdle- looking for possible inflection here. From a trading standpoint, the focus is on a breakout of the weekly opening range (149.60-151.99) for guidance with the near-term recovery vulnerable while below the 200-day moving average.

Keep in mind we get the release of key US inflation data tomorrow with the November Consumer Price Index (CPI) on tap. Stay nimble into the release and watch the weekly close here for guidance. Review my latest Japanese Yen Weekly Forecast for a closer look at the longer-term USD/JPY technical trade levels.

USD/JPY Key Economic Data Releases

 US Japan Economic Calendar- USDJPY Key Data Releases- USDJPY Outlook 12-10-2024

Economic Calendar – latest economic developments and upcoming event risk.

Active Short-term Technical Charts

— Written by Michael Boutros, Sr Technical Strategist

Follow Michael on X @MBForex



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10 12, 2024

Bitcoin (BTC) Price Prediction for December 10

By |2024-12-10T23:42:14+02:00December 10, 2024|Crypto News, News|0 Comments

Cover image via U.Today

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.

Bulls may have seized the initiative, from the midterm point of view, according to CoinStats.

Article image
BTC chart by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.39% over the last day.

Article image
Image by TradingView

On the hourly chart, the price of BTC is going down after a false breakout of the local resistance of $98,159. If the drop continues, one can expect a test of the $96,000 zone by tomorrow.

Article image
Image by TradingView

On the bigger time frame, the rate of the main crypto is trading within yesterday’s bar, which means neither buyers nor sellers are dominating. 

Related

DOGE and SHIB Price Prediction for December 9

In this case, sideways trading in the narrow range of $95,000-$99,000 is the most likely scenario.

Article image
Image by TradingView

From the midterm point of view, one should pay attention to the weekly bar’s closure in terms of the previous candle low. If it happens below $92,000, the drop may continue to the $88,000 zone.

Bitcoin is trading $96,963 at press time.

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10 12, 2024

Getting Through the Holidays After the Loss of a Loved One

By |2024-12-10T23:38:58+02:00December 10, 2024|Fitness News, News|0 Comments

The holidays probably don’t feel like the most wonderful time of year if you’ve recently lost a loved one. Grief is complicated and unpredictable, and staples of the season that used to bring you joy, such as holiday gatherings and family traditions, can suddenly feel painful and overwhelming.

“All we have to do in grief is the next best step,” said Gina Moffa, LCSW, a trauma-informed grief therapist and author of “Moving On Doesn’t Mean Letting Go: A Modern Guide to Navigating Loss.” “It may feel confused and clumsy. And, in some ways, it’s supposed to be. We’ve been transported to a whole new landscape where we have no map, so navigating life — and the holidays — will take time, patience, endurance and loving support.”

Prioritizing your well-being and giving yourself grace are key to getting through the holiday season without a loved one. Here are Moffa’s tips.

Practice self-compassion

You may have a lot of different emotions that come up — some expected and some by surprise — so, be kind to yourself. You’re not going to be able to rush yourself through grief. When self-critical thoughts arise, practice self-compassion by responding with gentle understanding. Try phrases like “It’s okay to feel this way” and “I’m allowed to grieve in my own time” to help anchor you.

Read: How to Get Through the Holidays When Dealing with Grief >>

Reassess your traditions

Remember that you have the freedom to decide how or if you want to engage with traditions and make space for new ways of celebrating if that feels right for you.

Take a moment to consider which holiday traditions feel meaningful to you this year and which ones may be more difficult. It’s OK if certain activities like decorating or attending gatherings feel too heavy. Allow yourself to prioritize the traditions that bring a sense of comfort and let go of the ones that feel overwhelming.

Check in with your body

Grief is a full body experience and it can affect all parts of your body. Check in and follow what your body needs over obligation. For example, is making that casserole going to energize or exhaust you? Will making holiday cards recharge you or drain you? You can feel different from day to day so that’s why checking in with yourself, your emotions and your physical needs is important.

Try adding a new tradition

Adding a new activity or tradition can offer a positive way to cope with your loss. Consider doing something in honor of your loved one, such as volunteering in a way that connects with their memory or creating a quiet moment during a holiday meal to share a story about them or raise a toast to them. This can give you room to experience the season in a way that feels right for you right now.

Make a backup plan

With some traditions, activities and plans, you know you want to push through and be part of them. Sometimes, though, things change as the plans approach. For example, you said you’d still attend the big family dinner, but as it gets closer, you’re feeling more exhausted.

Create a series of backup plans for these situations. Plan A is your best-case scenario — you’re having a good day and have the capacity to move forward. Plan B turns down the volume a bit and Plan C is often an exit strategy.

Identify your priorities

Understanding what matters most to you during this time can help you figure out what your needs are and help you feel more confident in trying to meet them. Ask yourself: Is spending time with family a priority? Having friends around you that feel safe? Having quiet time alone?

Set boundaries at social events

When grieving, holiday gatherings can feel emotionally intense. It’s important to set boundaries around the events you choose to attend and the time you spend at each one.

It may be helpful to:

  • Plan a “graceful exit” by letting important people know ahead of time that you might need to leave early.
  • Choose to attend only the gatherings that feel supportive and skip the ones that feel draining — and if that means skipping all of them, that’s ok.
  • Give yourself permission to say “no” to invitations without guilt or adapt plans as needed. Remind yourself that taking time to care for your emotional well-being is a priority and not something you need to apologize for.

Manage expectations and ask for help

If you’re usually the go-to person during the holidays, but you’ve been too sad and drained to bake pies or wrap gifts, allow yourself to skip the celebration if that’s what works for you. Or, if you want to partake, be open to asking for and receiving help and support. Try calling a friend or relative in advance and letting them know you can’t contribute as you have in the past. Setting expectations in advance can save you a lot of pressure and added stress on the holiday.

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10 12, 2024

Stan to integrate Web3 benefits of Okto SDK in its esports and gaming fan engagement platform 

By |2024-12-10T23:31:16+02:00December 10, 2024|News, NFT News|0 Comments


Indian Web3 wallet app Okto will be collaborating with Indian esports and fan engagement platform Stan, enabling its users to experience the benefits of Web3. By integrating the Okto SDK, Stan has allowed users greater control over their in-game assets with new opportunities for participation and monetisation.

As the Web3 gaming industry is moving towards a projected US$100 billion valuation by 2030, Okto’s solutions let gamers and developers alike to open up new avenues for monetisation.

“Okto proved to be the perfect partner by providing Stan with the most efficient way to onboard users to Web3 seamlessly via Okto SDK. This was achieved without adding any additional development or infrastructure overheads for integrating Web3 features, making the transition both effortless and cost-effective. From a gamer’s perspective, managing assets across multiple platforms and dealing with constant redirects was a major hassle.” said Stan co-founder and CEO Parth Chadha. 

He further mentioned, “By integrating the Okto embedded wallet, we’ve simplified the entire process, allowing gamers to engage with decentralized applications seamlessly. This integration enables them to manage their digital assets across ecosystems with a single wallet, offering a smoother, more flexible experience and a significant improvement in user experience. With the Okto SDK, we aim to accelerate the widespread adoption of Web3 and ultimately reach a user base of one billion.”

“We’re thrilled to see how the Okto SDK has been successfully addressing our partners’ challenges. We congratulate Stan on taking this step toward a more engaging and empowering experience for their users.The Okto Web3 SDK streamlines the integration process for apps and internet companies, enabling seamless Web3 adoption in just days. This marks the beginning of a transition towards a more decentralized, interoperable, transparent, and self-custodial internet,” Okto DeFi (Decentralized Finance) initiatives head Rohit Jain.

The integration of the Okto Wallet via the SDK has made it easier for gamers to engage with Web3 features. Okto’s SDK simplifies Web3 onboarding by allowing gamers to sign up using a mobile number or email—making the process as easy as using any traditional app. This enables gamers to enjoy Web3 features effortlessly without the complexities of blockchain technology.

The Okto embedded wallet SDK streamlines Web3 integration for apps and internet companies, enabling seamless setup in minutes by a single developer—tasks that traditionally required weeks and a team. For developers and product builders, the SDK drastically reduces development time, enabling the creation of Web3 products up to 10 times faster than conventional methods. This blend of simplicity and efficiency is driving innovation and transforming the Web3 experience. It unlocks opportunities across finance, gaming, social media, and the creator economy. Users can create Web3 wallets within familiar apps, transact without redirection, securely self-custody assets, and access the interoperable Web3 ecosystem effortlessly.

The current evolution in this ongoing transformation is Web3 gaming, which leverages blockchain technology to create a new experience. Web3 gaming offers the gaming and esports industry enhanced ownership, transparency, and new economic opportunities for both players and developers.

Okto is a multi-chain DeFi app that offers a keyless, self-custody wallet. It focuses on simplifying the world of decentralized finance by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets. 



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10 12, 2024

XAG/USD pulls back from $32.00 near monthly highs

By |2024-12-10T23:08:14+02:00December 10, 2024|Forex News, News|0 Comments


  • Silver price retreats from Monday’s monthly high of $32.28.
  • The price of the grey metal found support following news of potential economic stimulus measures from China.
  • The stronger US Dollar weighs on demand for dollar-denominated Silver.

Silver price (XAG/USD) retreats from $32.00 per troy ounce during the European session on Tuesday. However, the price of the grey metal received support from news of potential economic stimulus from China.

Chinese policymakers, through the Politburo, outlined plans for a “moderately loose” monetary policy and a “more proactive” fiscal stimulus for the coming year. This marks a shift from the cautious approach of the past decade and has boosted the demand outlook for metals in the world’s largest consumer of raw materials.

Chinese President Xi Jinping stated on Tuesday, “China has full confidence in achieving this year’s economic target.” He emphasized that China will continue to serve as the largest engine of global economic growth and asserted that there would be no winners in tariff wars, trade wars, or tech wars.

Silver prices also benefited from growing expectations that the US Federal Reserve (Fed) will cut interest rates again this month. Traders are now pricing in nearly an 89.5% chance of Fed rate reductions by 25 basis points on December 18, according to the CME FedWatch Tool.

However, the strengthening of the US Dollar (USD) is making dollar-denominated Silver less affordable for buyers with foreign currencies, dampening its demand. Trades adopt caution ahead of the US Consumer Price Index (CPI) data scheduled to be released on Wednesday.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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10 12, 2024

Currency Pair of the Week – December 9, 2024

By |2024-12-10T21:48:09+02:00December 10, 2024|Forex News, News|0 Comments

The EUR/USD is our featured currency pair this week, owing to the fact we have the European Central Bank’s key rate decision and important inflation data from the US coming in a week before the Federal Reserve’s own decision on interest rates. Ahead of these macro events, the EUR/USD forecast remains modestly bearish, although the currency pair has found some love today thanks to optimism about more stimulus measures being introduced in China, one of the Eurozone’s major exports destinations.

 

What is driving the markets today?

 

China’s government announced they will embrace a “moderately loose” strategy next year, in a sign of greater easing ahead that has been hailed by investors hungry for more stimulus today. The news caused Chinese equities and nearly all Chinese-linked assets rally, from copper to commodity stocks in the FTSE. The euro also found some mild support on the view that a stimulus-driven recovery in China will help support eurozone exports into that region. But most of the gains were evidenced in currencies that have even closer trade ties with China, such as the AUD. All eyes are now on the Central Economic Work Conference due to start on Wednesday, for signals of more fiscal support from China.

 

How big of a cut should we expect from the ECB?

 

Well, analysts are expecting a standard 25 basis point rate cut at Thursday’s meeting of the Governing Council of the European Central Bank. There were talks of perhaps 50 basis points, which may still be under consideration. However, the ECB is more likely, in our view, to deliver a 25bp cut to take the deposit rate down to 3.15% from the current 3.40% and use the press conference to open the door to several further rate cuts in 2025. Today’s release of the latest Sentix Investor Confidence reading will certainly make the ECB’s doves more vocal. It is not just data that calls for looser policy: Governments in Paris and Berlin both collapsed over budget talks recently and this uncertainty is likely to weigh on growth further. The EUR/USD forecast could turn more bearish if the ECB turns out to be even more dovish than the market is expecting them to be right now.

 

EUR/USD forecast: CPI is this week’s key US data

 

US inflation data will be released this week, with CPI coming on Wednesday and PPI a day later. CPI is expected to rise to 2.7% y/y from 2.6% y/y previously. This will be the last set of key data before the Federal Reserve meets next week. Following Trump’s victory in the presidential election race, investors have sharply reduced their expectations about further US interest rate cuts in 2025. The upcoming December rate decision is unlikely to be impacted by this CPI report, unless we see a super-hot print. But whether the Fed will go ahead with a cut at its initial 2025 meetings will be influenced, among other key data highlights, by this CPI report, although it is employment that the Fed is now more focused on.

 

But after Friday’s somewhat of a softish NFP report, a 25-bps rate cut is now more likely than not. Indeed, market pricing of a December rate cut has risen to around 87% from 70% last week, although this has not yet had any further influence on the EUR/USD’s direction.

 

 

Technical EUR/USD forecast: Key levels to watch

 

EUR/USD forecast

Source: TradingView.com

 

The EUR/USD has now had a few attempts to break above the 1.06 resistance area (i.e., the 1.0595-1.0610 range). So far, it has failed to post a daily close above this range to tip the balance in the bulls’ favour. But will that change as we head deeper into the week remains to be seen. For now, at least, the bulls will need to remain patient as we don’t have a concrete reversal signal to work with. A daily close above this resistance area could potentially pave the way for a short-squeeze rally towards the 1.0700 area, possibly 1.0775/80.

 

But while the 1.06 resistance area holds, the risks remain skewed to the downside. As such a break below the 1.0500 area is still a scenario that looks more likely than a sharp rally. The 1.0500 level is the most important support to watch in so far as the short-term outlook is concerned. A daily close below the 1.0450-1.0500 area could see the EUR/USD resume its bearish trend that started back in September. If that happens, then the next downside target would be the liquidity resting below the recent lows of around 1.0333 area. Thereafter, you have the round handles like 1.0300 and 1.0200 as the subsequent targets en route to potentially parity.

 

All told, the EUR/USD forecast is modestly bearish, and we could see the selling resume unless US CPI is super soft, or the ECB is not as dovish as markets are expecting.

 

 

 

— Written by Fawad Razaqzada, Market Analyst

Follow Fawad on Twitter @Trader_F_R

 

 



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10 12, 2024

Dogecoin Price Prediction: Will DOGE Reach $2 in 2025?

By |2024-12-10T21:41:10+02:00December 10, 2024|Crypto News, News|0 Comments

Dogecoin’s price trajectory remains a hot topic as the cryptocurrency market heads towards the end of 2024.

There is less than a month left in 2024 and with current prices hovering around $0.45, many are wondering – could Dogecoin reach $2 by the end of the year?

Factors like Elon Musk’s support, new partnerships, and the overall crypto market performance are key to whether DOGE can reach the ambitious $2 mark.

On the other hand, projects like PlutoChain ($PLUTO) could be worth a look. The project might prove transformative with the first hybrid Layer 2 solution for Bitcoin on the market.

By enabling smart contracts directly on the Bitcoin network, it expands Bitcoin’s functionality – which could position PlutoChain as a key player in the evolution of blockchain technology.

Let’s check out the details!

Dogecoin’s Journey to $2: What Could Be Ahead in 2025

Dogecoin’s price outlook for 2024 remains highly speculative but increasingly optimistic.

Currently trading around $0.45, it could reach $0.65 by year-end under favorable market conditions.

This prediction hinges on broader crypto adoption, sustained community support, and its correlation with Bitcoin’s performance.

A technical “golden cross” recently formed, historically a bullish signal for price movement, boosting confidence among traders.

Despite this, skeptics argue Dogecoin’s inflationary tokenomics and reliance on social sentiment could hinder sustained growth. If Bitcoin rallies significantly, Dogecoin might follow, potentially testing $1 by the end of 2024, which would pave the way for $2 valuation in the next year.

Crypto enthusiasts should keep in mind that the world is shifting towards decentralized finances more than ever, which makes the $2 valuation very possible in 2025.

Especially, with the upcoming regulatory changes that Donald Trump plans to implement, which will have a positive impact on the complete market.

PlutoChain ($PLUTO) Is an Innovative Project That Could Expand Bitcoin’s Case Uses With Its Technology

PlutoChain’s ($PLUTO) introduction of the hybrid Layer 2 solution for Bitcoin might enhance Bitcoin’s role in DeFi and beyond.

This new technology could transform Bitcoin from a store of value into a versatile ecosystem, and possibly enable applications like DeFi, NFTs, AI, and the Metaverse.

Dogecoin Price Prediction: Will DOGE Reach in 2025?

Additionally, this innovation may bridge the gap between Bitcoin’s security and Ethereum-like functionality. The project could create opportunities for smart contracts and seamless migration of Ethereum-based apps through its Ethereum Virtual Machine (EVM) compatibility.

PlutoChain also plans to enhance Bitcoin’s scalability with low transaction costs and high-speed processing.

This scalability could make Bitcoin competitive with networks like Ethereum, Solana, and Cardano while fostering a unique ecosystem solely within Bitcoin.

Another unique feature may be its governance token. This will allow users to shape the project direction through decisions and ensure a decentralized and community-driven future.

The project’s approach could reshape Bitcoin’s ecosystem by potentially reducing reliance on external networks like Ethereum and Solana. This might offer a self-sustaining environment for decentralized applications.

Security is at the forefront and PlutoChain is SolidProof audited which further reinforces trust among developers and users.

PlutoChain

Final Words

Dogecoin’s potential to reach $2 in 2024 faces significant challenges and sustained growth might require major market momentum and broader adoption.

While its current price and recent technical indicators suggest optimism, volatility and reliance on hype remain key hurdles.

Meanwhile, PlutoChain’s emergence and a plan to transform Bitcoin could shift focus toward a new frontier in blockchain technology. This project addresses scalability issues and enables decentralized applications, which could make it an interesting project to watch.

With its hybrid Layer 2 approach, flawless integration with Ethereum, and strong security measures it’s no wonder that whales are shifting their focus to this project.

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io
X/Twitter Page: https://x.com/plutochain/ 
Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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10 12, 2024

Retreats below 1.2750 amid strong US Dollar

By |2024-12-10T19:47:00+02:00December 10, 2024|Forex News, News|0 Comments

  • Cable slides 0.17%, unable to sustain gains against a strengthening US Dollar Index, now at 106.36.
  • GBP/USD’s failure to surpass the 200-day SMA at 1.2820 signals potential for further pullback.
  • Downward pressure increases, with possible support targets at 1.2600 and the November 22 low of 1.2486.

The Pound Sterling tumbled after failing to clear the 1.2800 figure for the third consecutive day, trading at 1.2720, down over 0.17% daily. Cable erased its earlier minuscule gains amid a session characterized by US Dollar strength, with the US Dollar Index (DXY) up over 0.19%, at 106.36.

GBP/USD Price Forecast: Technical outlook

The GBP/USD consolidates as it recovers from falling to multi-month lows at around 1.2480s. On its way north, the pair cleared the 1.2600 figure and November 29 peak of 1.2749 before aiming toward the December 6 high at 1.2811. The failure to extend its gains past the 200-day Simple Moving Average (SMA) of 1.2820 opened the door for a pullback to current spot prices.

On the other hand, sellers are moving in, as shown by the Relative Strength Index (RSI) punching below its neutral line, indicating that they’re gathering steam. If GBP/USD drops below 1.2700, the pair could slide towards 1.2600 before challenging the November 22 swing low of 1.2486.

GBP/USD Price Chart – Daily

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.46% 0.17% 0.55% 0.15% 1.03% 1.15% 0.44%
EUR -0.46%   -0.28% 0.08% -0.32% 0.57% 0.69% -0.01%
GBP -0.17% 0.28%   0.33% -0.03% 0.85% 0.97% 0.27%
JPY -0.55% -0.08% -0.33%   -0.39% 0.50% 0.60% -0.09%
CAD -0.15% 0.32% 0.03% 0.39%   0.89% 1.01% 0.31%
AUD -1.03% -0.57% -0.85% -0.50% -0.89%   0.12% -0.58%
NZD -1.15% -0.69% -0.97% -0.60% -1.01% -0.12%   -0.69%
CHF -0.44% 0.01% -0.27% 0.09% -0.31% 0.58% 0.69%  

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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

 

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