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9 12, 2024

XAU/USD rebounds on geopolitical risks, will it last?

By |2024-12-09T12:47:11+02:00December 9, 2024|Forex News, News|0 Comments


  • Gold price holds rebound from weekly lows early Monday, $2,650 retested.      
  • The US Dollar clings to NFP-led recovery amid muted Treasury yields, Middle East geopolitical risks.
  • Daily RSI prods 50 level again as Gold buyers regain 21-day SMA. Where next?

Gold’s price continues to face sellers at $2,650 early Monday, capping the latest uptick sponsored by fresh Middle East geopolitical tensions. Meanwhile, traders resort to repositioning heading into the US inflation week, lending some support to Gold price.

Gold price returns to the range amid a quiet start to a big week

Asian traders hit their desks on Monday, reacting to the weekend’s news of Syrian rebels seizing the capital, Damascus, ousting President Bashar al-Assad, who fled to Russia with his family seeking asylum. The toppling of Assad’s government ended a 13-year civil war and more than 50 years of his family’s brutal rule.

In response, the United Nations (UN) will likely convene for an emergency closed-door meeting on Monday to discuss the situation in Syria. Investors remain wary amid multiple risks emanating from the Middle East even as Israel struck a ceasefire deal with the Lebanese militant group Hezbollah a week ago.

They also remain cautious ahead of this week’s US Consumer Price Index (CPI) data, especially after Friday’s US labor data showed that the Nonfarm Payrolls rebounded by 227K in November, beating the estimated 200K increase. The Unemployment Rate ticked higher to 4.2% in the same period, as expected.

Despite the big beat on the headline NFP number, markets ramped up bets for a US Federal Reserve (Fed) interest rate cut this month to above 80%, according to the CME Group’s FedWatch Tool. This helped Gold price shake off the knee-jerk drop to the weekly low of $2,613 following the US labor data release.  

Looking ahead, geopolitical developments will continue playing a pivotal role in influencing risk sentiment, significantly impacting safe-haven assets such as Gold price, the US Dollar (USD) and the US Treasuries.

Besides Syria’s political upheaval, South Korea faces the same problem, with President Yoon Suk Yeol having survived the impeachment vote on Saturday. Yoon’s People Power Party boycotted the Saturday impeachment vote brought by opposition parties.

Markets also remain hopeful of more stimulus from China after the country’s consumer inflation data signalled continued demand weakness in the world’s biggest consumer. China’s stimulus optimism bodes well for the non-yielding Gold price. China’s CPI missed expectations in November, rising by 0.2% year on year (YoY), down from a 0.3% increase in October.

Gold price technical analysis: Daily chart

The daily chart shows that Gold’s price failed to chart a range breakdown on a daily closing basis on Friday and regained the critical short-term 21-day Simple Moving Average (SMA) at $2,630 after briefly breaching it during the day.

The 14-day Relative Strength Index (RSI) has turned higher to test the 50 level, backing the renewed uptick in Gold price.

However, it remains to be seen if Gold price extends the rebound from the weekly low as the $2,650 level emerges as the immediate upside hurdle.

Meanwhile, the 50-day SMA at $2,668 remains a tough nut to crack for the optimists. The next relevant resistance is seen at $2,700.

On the flip side, a daily candlestick closing below the 21-day SMA at $2,630 will likely revive the downside.

The next support aligns at the previous week’s low of $2,613, below which the 100-day SMA at $2,586 will be the line in the sand for Gold buyers.



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9 12, 2024

Pound Sterling closes in on next key resistance

By |2024-12-09T11:29:03+02:00December 9, 2024|Forex News, News|0 Comments

  • GBP/USD trades slightly above 1.2750 in the European morning on Monday.
  • 1.2780 aligns as next key resistance level for the pair.
  • A positive shift in risk mood could help GBP/USD stretch higher.

After spiking to its highest level since November 12 above 1.2800 on Friday, GBP/USD reversed its direction in the American session and closed in the red, snapping a three-day winning streak. In the European morning on Monday, the pair holds its ground and looks to test 1.2780 resistance.

British Pound PRICE This week

The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.02% -0.19% 0.33% -0.03% -0.69% -0.23% 0.11%
EUR -0.02%   -0.20% 0.43% 0.04% -0.62% -0.16% 0.17%
GBP 0.19% 0.20%   0.46% 0.24% -0.42% 0.04% 0.38%
JPY -0.33% -0.43% -0.46%   -0.39% -0.93% -0.68% -0.14%
CAD 0.03% -0.04% -0.24% 0.39%   -0.62% -0.20% 0.14%
AUD 0.69% 0.62% 0.42% 0.93% 0.62%   0.46% 0.81%
NZD 0.23% 0.16% -0.04% 0.68% 0.20% -0.46%   0.33%
CHF -0.11% -0.17% -0.38% 0.14% -0.14% -0.81% -0.33%  

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).

The data published by the US Bureau of Labor Statistics (BLS) showed on Friday that Nonfarm Payrolls (NFP) in the US rose by 227,000 in November, beating the market expectation for an increase of 200,000. The Unemployment Rate edged higher to 4.2% from 4.1% in the same period, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, remained unchanged at 4%, coming in above analysts’ forecast of 3.9%. After suffering large losses against its major rivals on Thursday, the US Dollar (USD) benefited from the upbeat jobs report late Friday, causing GBP/USD to stretch lower.

The US economic calendar will not offer any high-tier data releases until the BLS publishes the Consumer Price Index (CPI) figures for November on Wednesday.

In the European morning on Monday, the UK’s FTSE 100 is up nearly 0.4% and US stock index futures trade marginally higher on the day. In case risk flows dominate the action in financial markets following a bullish opening in Wall Street, the USD could come under renewed selling pressure and help GBP/USD push higher.

GBP/USD Technical Analysis

GBP/USD holds above the ascending trend line and the Relative Strength Index (RSI) indicator on the 4-hour chart stays near 60, highlighting the bullish bias in the near term. On the upside, the 200-period Simple Moving Average (SMA) aligns as first resistance at 1.2780 ahead of 1.2810-1.2820 (Fibonacci 61.8% retracement of the latest downtrend, 200-day SMA) and 1.2870 (50-day SMA).

Looking south, immediate support could be spotted at 1.2750 (Fibonacci 50% retracement) before 1.2700 (Fibonacci 38.2% retracement) could be seen as next support before 1.2650 (100-period SMA).

Pound Sterling FAQs

The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).

The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.

Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.

Another significant data release for the Pound Sterling 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, its currency will benefit 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.

 

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9 12, 2024

Probiotics Dietary* Supplements Market Demand, Evolving

By |2024-12-09T11:27:11+02:00December 9, 2024|Dietary Supplements News, News|0 Comments


Probiotics Dietary* Supplements Market Demand

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According to The Business Research Company’s, The Probiotics Dietary* Supplements market size has grown strongly in recent years. It will grow from $6.94 billion in 2023 to $7.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in digestive diseases, growing number of health-conscious consumers and the covid-19 impact.

The Probiotics Dietary* Supplements market size is expected to see strong growth in the next few years. It will grow to $10.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing number of diseases, rising older population, rising penetration of organized retail, increased dietary consciousness and increasing demand for sports nutrition . Major trends in the forecast period include focusing on dairy-free probiotics, developing probiotic ingredients for sports nutrition, focusing on long-life probiotics, focusing on customized probiotic supplements, focusing on product innovations and leveraging partnerships and collaborations.

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The rising demand for sports nutrition products is expected to drive the growth of the probiotic dietary supplements market in the forecast period. Probiotic may provide support for athletes to counter the stresses of high physical activity levels by enhancing gut barrier function, immune function and others. Many athletes, including over 85% of elite track and field competitors, use dietary supplements as part of their regular training or competition routine. Vitamins, minerals, protein, creatine and various ergogenic chemicals are all regularly utilized supplements. For instance, in May 2021, according to the Australian Institute of Sport (AIS), a sports training institution in Australia, a total of 49 national and international fencers (18 men and 31 women) completed a questionnaire about sports supplements (SS) use and the potential effects on health and/or sports performance. The main incentive for 46.9% of fencers to use SSs was to increase their performance (34.2%). Medical doctors were the ones who were most likely to recommend that males take SSs. Women were the ones who were more inclined to get advice from their friends. Sports drinks (44.9%), vitamin C (43.4%), sports bars (38.8%) and caffeine were the most commonly consumed SS (28.6%). Therefore, the growing consumption of dietary *supplements for functional benefits amongst athletes across the globe is expected to drive the probiotic dietary *supplements market in the forecast period.

Technological advancement is the key trend gaining popularity in the dietary *supplements market. Major companies operating in the probiotic dietary* supplements market are focused on developing advanced technology to sustain their market position. For instance, in June 2022, COSMAX NBT, a US-based company that delivers dietary* supplement products, launched Zeta probiotics. Zeta probiotics are a technology to improve the intestinal survival rate and adhesion ability of probiotics. Zeta probiotic technology uses a lysine-based mixture to rehydrate freeze-dried probiotics. This improves their viability during in vitro simulated gastric and duodenum stress conditions.

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This release was published on openPR.





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9 12, 2024

Dogecoin (Doge) & Pepe Price Prediction For Mid-December 2024

By |2024-12-09T11:23:11+02:00December 9, 2024|Crypto News, News|0 Comments

Lately, the cryptocurrency market has been experiencing some transformative coin phases. For instance, Bitcoin has evolved considerably and hit the $100K mark while showing signs of a possible surge to $114K, as predicted by many cryptocurrency analytics portals. At the same time, coins like Pepe and Dogecoin (Doge) also show signs of progression, making them compelling for investors to explore. But the real question is, how high can they both surge this mid-December 2024?

Also Read: Cardano ADA: Whales Buying in as Analysts Predict 165% Surge

Dogecoin Price Forecast (Mid-December)

Dogecoin (Doge) & Pepe Price Prediction For Mid-December 2024
Source – CNBC

Dogecoin is currently one of the most trending coin tokens to invest in. Doge is rallying high primarily due to its close association with Musk and the fact that the token has inspired the name of Musk’s official Department Of Government Efficiency, or DOGE. At the same time, the rumor mill is hinting at Musk announcing Doge payments for X very soon, which is yet to be officially confirmed but has bolstered the token’s progress up a notch.

Dogecoin is also gaining incredible strength due to the current bullish prospects of the market. At press time, the token is sitting at $0.45 and is up by 124% in the last one month.

Per CoinCodex, Dogecoin may note a slight price dip around December 20, helping the token stabilize around the $0.42 price mark.

Image: CoinCodex

Per CC, the token will continue to hover around the $0.42 price level and may end the month while sitting at this very stable price spot.

Image: CoinCodex

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -5.41% and reach $ 0.42746 by January 8, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 79 (extreme greed). Dogecoin recorded 20/30 (67%) green days with 13.91% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”

Also Read: Ripple (XRP) May Be Bound for $4 in 2025, But When?

Pepe Price Prediction

PEPEPEPE
Source -CoinGape

Pepe is another promising cryptocurrency meme coin that has been gaining significant price upticks as of late. The token has noted price surges worth 149% in the last month, pushing the token to sit at the $0.00002656 price level.

Per Santiment, Pepe has lately been receiving significant attention from investors keen on exploring the token alongside popular meme coins like Dogecoin, DogWifHat, and BONK.

“Meme coins are quietly having more mini breakouts this weekend. For coins like Dogecoin, Pepe, Dogwifhat, and Bonk, the larger wallets could continue to pump market caps longer until retail FOMO returns. Once the crowd catches the wind and gets greedy, the larger wallets sell, and prices generally retrace shortly after.”

https://twitter.com/santimentfeed/status/1865621956399153273

Per CoinCodex, Pepe may note a significant price surge of $0.00003977 by 20th December 2024.

Image: CoinCodex

At the same time, the token may note a significant price surge of 223% by the end of December 2024.

Image: CoinCodex

“According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 223.19% and reach $0.00008424 by January 7, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 79 (extreme greed). Pepe Coin recorded 16/30 (53%) green days with 18.15% price volatility over the last 30 days. Based on the Pepe Coin forecast, it’s now a good time to buy Pepe Coin.”

Also Read: VeChain: 200% Rally Has VET Eyeing Yearly High in December



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9 12, 2024

Teas to try in a brand new year

By |2024-12-09T09:26:46+02:00December 9, 2024|Dietary Supplements News, News|0 Comments


I am making a wishlist of teas to try this year. Next to books—or rather, along with a book—it’s the easiest escape I can think of. And there are so many choices, so many teas that I expect to have a bit of an adventure with, and hope there are a few here that pique your curiosity too.

When green tea arrived in India, many that were made and sold here were bitter, but people took to them because they were marketed as a healthy drink. In these past years, I have given in and tried these teas. To my happy surprise, many have been simply delicious. I am leaning towards steamed Japanese greens this year, seeing how quickly and eagerly I am going through a gift of the exquisite dark green Japanese gyokuro. On some days, I catch myself desiring its umami flavours and the aroma of the cooked greens. I am eager to sample more spring green tea from Japan, although it’s not too easy to source.

Also from Japan are black teas that are emerging as a force to reckon with. About half a century ago, Japan’s black teas were famous but they lost out to South Asian black as the tea industry that developed in India and Sri Lanka could sustain large-scale production. There’s been a resurgence in black tea or wakocha production in Japan in the last two decades. The terroir in Japan and the choice of tea varietals have resulted in a range of spectacular black teas that are said to be milder and less astringent than their South Asian counterparts.

A couple of years ago, I began exploring oolongs. I savoured every last bit of the Duckshit Snowflake from Seattle-based Serene Tea—it one of the most aromatic teas I have had. This year, I am seeking the spring Tie Guan Yin or the Iron Goddess of Mercy from Anxi in Fujian province—it’s a tea prized for its craftsmanship because a good oolong not only depends on the cultivar and terroir but quite considerably on the tea maker.

There’s one name I have been seeing show up on tea groups—tea stuffed in tangerine. It seems to be a popular vehicle to age pu-erh and white tea, in Chinese tea-making tradition. The pulp is removed and the tea is stuffed in the hollow and aged. Known as Chen-pi, it’s thought to add more benefits to the property of the tea but I am intrigued by the flavour notes. And if you are wondering, both tea and the citrus peel are steeped together. Another stuffed tea offered by the website Yunnan Sourcing is a Tie Guan Yin stuffed in roasted bitter gourd, that is said to have sweet—not bitter—notes.

I am also looking eastwards, at Indochina, home to some ancient tea trees thanks to its proximity to Yunnan, considered the birthplace of tea. And of course, within India, I am looking forward to more green and oolong this time, two teas that have been getting better by the year.

For Chinese tea, try Yunnan Sourcing (yunnansourcing.com), Serene Tea (serenetea-cha.com) and MyTeaPal (myteapal.com), and Kettl (kettl.co) for Japanese teas.

Tea Nanny is a fortnightly series steeped in the world of tea. Aravinda Anantharaman is a Bengaluru-based tea blogger and writer who reports on the tea industry. She posts @AravindaAnanth1 on Twitter.



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9 12, 2024

Key Highlights from Ripple CEO’s “60 Minutes” Interview

By |2024-12-09T09:22:17+02:00December 9, 2024|Crypto News, News|0 Comments

During his much-anticipated appearance on the “60 Minutes” program, Ripple CEO Brad Garlinghouse stated that the cryptocurrency industry was not seeking to get deregulated. 

“We haven’t been asking to be deregulated. We’ve been asking to be regulated,” Garlinghouse told host Margaret Brennan.

According to the Ripple boss, the cryptocurrency industry was simply asking for “clear rules of the road.”

Garlinghouse recalled the FIT 21 bill, which aims to create a new regulatory framework for digital assets. The legislation was passed by the US House of Representatives back in May. 

The “60 Minutes” episode also featured former SEC official John Reed Stark. During the interview, the famous critic of the industry described crypto as a “scourge.”

“Crypto is a scourge. It’s not something that you want in your society. It’s just pure speculation. There’s no balance sheet to crypto. There’s no financial statements,” Stark said.  

The ex-SEC official also cryptocurrencies were securities. “I’ve read every case. I’ve read every motion. And judges have said over and over again that they are securities,” he said.     

In turn, the Ripple CEO reiterated that existing securities laws are not suitable for the novel technology. 

While commenting on his interview, Garlinghouse claimed that “60 Minutes” “shockingly left out” the part about XRP not being a security. The Ripple head also slammed Stark as a Genser “shill” in response to the latter’s anti-crypto comments. 

The price of the XRP token is down nearly 3% over the past 24 hours. Earlier this month, it reached a multi-year peak of $2.82. 

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9 12, 2024

Keto Diet Supplement May Help Kill Cancer: Study

By |2024-12-09T07:24:55+02:00December 9, 2024|Dietary Supplements News, News|0 Comments


New York: A simple dietary supplement in ketogenic diet can boost ‘CAR T’ cell function — a personalised treatment that reprogrammes patients’ own immune cells to kill cancer, according to a new study.  While the approach needs to be assessed in clinical trials, the early research, hints at a potentially cost-effective strategy to improve CAR T cell function and cancer-fighting abilities, according to a study from researchers in the Perelman School of Medicine at the University of Pennsylvania and Penn Medicine’s Abramson Cancer Center in the US.

“Thousands of patients with blood cancers have been successfully treated with CAR T cell therapy, but it still doesn’t work for everyone,” said co-lead author Shan Liu, a postdoctoral fellow.

Liu co-led the study with Puneeth Guruprasad, a medical student in the Perelman School of Medicine.

The research team tested the effect of several different diets, including ketogenic, high-fibre, high-fat, high-protein, high cholesterol, and a control diet, on CAR T cell’s tumour-fighting capabilities using a mouse model of diffuse-large B-cell lymphoma.

They found improved tumour control and survival in the mice receiving a ketogenic diet compared to all other diets.

In subsequent studies, they found higher levels of beta-hydroxybutyrate (BHB), a metabolite produced by the liver in response to a ketogenic diet, was a key mediator of this effect.

“Our theory is that CAR T cells prefer BHB as a fuel source rather than standard sugars in our body, such as glucose,” Guruprasad said. “So, increasing the levels of BHB in the body gives the CAR T cells more power to take out the cancer cells.”

The theory that BHB supplementation could improve response to CAR T cell therapy is being tested in a Phase I clinical trial at Penn Medicine’s Abramson Cancer Center.

“We’re talking about an intervention that is relatively cheap and has low toxicity potential,” said Maayan Levy, PhD, an assistant professor of Microbiology.

“If the clinical trial data pans out, I’m excited to think about how a fairly simple approach like this could be combined with dietary interventions or other, more traditional approaches, to enhance the anti-cancer effect,” Levy added. (IANS)

 Also Read: Study shows keto diet boosts fertility among women with PCOS



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9 12, 2024

Can DogeCoin Reach $1 By The End of 2024?

By |2024-12-09T07:20:46+02:00December 9, 2024|Crypto News, News|0 Comments

While everyone has an opinion about meme coins, there is no denying that meme coins are the hottest narrative in the crypto market. And the most popular meme coin of all time is DOGE. Can DOGE Reach $1 by the end of 2024?

One of the most popular meme coins right now is Dogecoin (DOGE). We know this from positive current metrics and the millions of Dogecoins fans all around the world.

The crypto bull run is in full swing, a huge alt season is just around the corner and meme coins are becoming the hottest commodity. That means one thing. DOGE is on target to reach $1 value by the end of this year. I think things look good for Dogecoin, but is this goal realistic? Can Dogecoin really hit $1? 

Let’s find out!

What’s so special about Doge?

In 2013, Dogecoin was born as a joke, a playful nod to the internet’s love of memes and Bitcoin’s soaring popularity. Created by software engineers Billy Markus and Jackson Palmer, Dogecoin embraced the famous “Doge” meme featuring a Shiba Inu dog with Comic Sans captions like “such wow” and “much currency.” While other cryptocurrencies aimed for revolution, Dogecoin leaned into fun, branding itself as the friendly and approachable meme coin.

What began as an internet joke took a surprising turn in 2021, thanks to endorsements from high-profile figures like Elon Musk, who dubbed it “the people’s crypto.” Dogecoin skyrocketed to mainstream fame, hitting an all-time high market cap of over $85 billion.

Dogecoin is now a cultural icon and a symbol of crypto’s playful side. Powered by an enthusiastic community, it continues to remind us that even a meme can leave a lasting paw print on the world of finance.

Now, Dogecoin is seeing real-world adoption around the world with full support from the crypto industry and the world’s richest man, Elon Musk. Dogecoin is getting the much-needed utility that can will improve its chances in the crypto markets. But will these efforts be enough to push Dogecoin to $1 by the end of the year?

DOGE price prediction

According to some investors, Doge is past its prime and has already hit its value ceiling in 2024. However, others have a more positive outlook and predict DOGE may actually climb as high as $1 in 2025. That’s right, our Dogecoin price prediction is $1, maybe even by the end of this year.

Dogecoin Price is up 7.10% in the last 24 hours. Source: Brave New Coin Dogecoin Market Cap Data

The current price is $0.40. With the incredible surge in trading volume and attention in the last few months (24-hour trading volume of $8,333,837,559 USD), it might be realistic to expect the price to climb to at least $1 by the end of this year.

Can DogeCoin Reach  By The End of 2024?

DOGE community sentiment is strongly bullish according to CoinMarketCap

 

The CFGI Indicator is Neutral, Source CFGI

Dogecoin Outpaces Porsche in Market Capitalization Amid Musk Hype and ETP Buzz

Dogecoin has raced past luxury automaker Porsche in market capitalization, fueled by Elon Musk’s vocal support and speculation around a potential exchange-traded product (ETP) for the memecoin.

The price of Dogecoin DOGE is $0.4036 and has surged 175% in the past month, reaching a staggering $57.8 billion market cap. This leap puts Dogecoin ahead of Porsche, whose market valuation stands at $56.1 billion, according to Brave New Coin data.

The rise underscores Dogecoin’s enduring appeal as both a meme coin and a cultural icon, particularly with Elon Musk’s continued promotion of the token. The possibility of a dedicated Dogecoin ETP has further fueled investor enthusiasm, cementing its position as a heavyweight in the cryptocurrency world.

Musk’s Role in the New “DOGE” Agency Sparks Dogecoin Buzz

Elon Musk’s involvement in launching the Department of Government Efficiency (DOGE), a new agency focused on reducing government spending and simplifying regulations, has ignited fresh excitement among Dogecoin enthusiasts.

The agency’s acronym, which matches the ticker symbol for Dogecoin (DOGE), has led retail investors to speculate that this signals an upcoming Dogecoin rally. The alignment of branding and Musk’s history of championing Dogecoin has fueled renewed enthusiasm in the memecoin’s potential. Doge to a $1 seems more realistic than ever.

Did Elon really name a government department DOGE so he has an excuse to keep talking and tweeting about Doge? It sure looks that way. 

Source: X

Dogecoin to a $1

Meme coins are here to stay. Doge is the Bitcoin of meme coins. Dogecoin is the biggest meme coin. Dogecoin has global brand recognition and the world’s richest man, Elon Musk tweets about Doge every single day.

Doge will hit $1. Dogecoin might reach $1 this year or might be in early 2025. But Doge is going to a dollar. Woof!

Technical analyst and Doge Trader Bluntz wrote that “Doge has been in an upwards sideways running flat correction for two weeks now and plenty of people have gotten bored and moved on to chase the next shiny thing. in reality, the Doge parabola has only just started, no profit taking until Dogecoin hits $1 minimum imo.”

Source: X

 



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9 12, 2024

Everything You Need to Know About the ‘Tomarket’ Telegram Game Airdrop

By |2024-12-09T07:06:59+02:00December 9, 2024|News, NFT News|0 Comments


Prominent Telegram crypto game Tomarket has started the process of rolling out its TOMA token on The Open Network (TON). It’s almost time for players to reap what they have sown in the tomato-themed game, as the token is set to start trading soon.

Tomarket has split its airdrop into at least three events. One already took place on October 31, but users could not withdraw or trade their tokens—this was more akin to revealing token allocations ahead of the airdrop. This is set to happen again ahead of the token listing date of December 20, and at least once more after the fact.

In total, 80% of the entire token allocation will be gifted to players during the airdrop. Of this, 30% was revealed on October 31, another 30% is set to be revealed before the listing, and 17% will be airdropped at another undefined time—with a final 3% for “Early Adopter Rewards.”

Those who have received tokens, will be able to transfer and trade their tokens once the token is listed on December 20.

However, not all of the 50 million players will get a share of the bounty. Here’s a primer on who is set to receive TOMA tokens on Tomarket, how you’ll claim the tokens, and what to expect in the future.

Who’s eligible for the airdrop?

Tomarket has set various tasks that players must complete before earning a share of the TOMA airdrop. These are the tasks that were finalized before the initial October 30 cutoff:

  1. Add a tomato emoji to your Telegram display name
  2. Reach the Bronze (L4) level in Tomarket
  3. Connect a TON wallet
  4. Buy the premium medal (optional)
  5. Join the Tomarket Announcement community channel

As of this writing, it appears that another step will be added to the list, but that’s all that Tomarket has revealed so far. Note that the airdrop-boosting premium medal, which costs approximately $5 worth of TON or Telegram Stars, is an optional step and not required to claim tokens.

Tomarket said that it will give out 80% of the entire token allocation during the airdrop, and by the token listing, 60% will have already been sent to players. It is unclear when the remaining 20% will be sent.

Equally, it has not been confirmed how many tokens have been generated. Decrypt also inquired about this detail and will update the story if we hear back.

What do I need to do to claim it?

Based on what’s been shared so far, it appears that eligible players will be able to claim the tokens within the Tomarket mini app on Telegram and then decide whether to withdraw them to a wallet. It should be pretty straightforward.

Note that while the premium medal is optional to take part in the airdrop, messaging around the feature suggests that only medal buyers will have their full TOMA allocation unlocked at launch.

Medal owners were promised to get “100% tokens when we list,” which means that non-buyers may only have a portion of tokens unlocked from the start, with a remaining portion set to vest over time.

Hamster Kombat, for example, let players claim and withdraw 88.75% of their allocation, with the remaining tokens vesting for 10 months—until July 2025, presumably. That game, however, which attracted some 300 million total players, did not sell an item that lets buyers claim the full share of tokens right from the outset.

What happens after the airdrop?

Tomarket has teased plans to evolve in some manner following the airdrop, though exactly what’s planned isn’t fully clear just yet.

What we do know is that Tomarket plans to launch a Farming Pool feature, and like other Telegram games like Notcoin and X Empire, Tomarket sees its future in part as providing exposure to upcoming games and projects while giving players special benefits.

The Farming Pool will let TOMA token holders “tap into exclusive projects, maximize your earnings, earn a share of tokens from your referrals, and enjoy hassle-free earning opportunities.” Players who refer new users will gain a 10% share of whatever tokens their referrals generate, according to the post.

Tomarket also teased that the premium medal would provide some kind of booster to an upcoming feature, though it’s currently unclear whether that’s tied to the Farming Pool or some other kind of new feature or service on the horizon.

Editor’s note: This story was originally published on October 31, 2024 and last updated with new details on December 6.

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9 12, 2024

Experts predict coffee prices will increase sharply

By |2024-12-09T06:40:55+02:00December 9, 2024|Forex News, News|0 Comments


Domestic and world coffee prices increased sharply on 7/12

Today’s coffee price December 7, 2024 on the world market, at 4:30 am, is updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). Today’s online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5 Cafe during the trading hours of the exchange, updated as follows:

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 7, 2024 continued to increase sharply, increasing from 233 – 258 USD/ton, fluctuating from 4.779 – 5193 USD/ton. Specifically, the monthly delivery term January 2025 was 5153 USD/ton (up 258 USD/ton); the monthly delivery term March 2025 was 5116 USD/ton (up 243 USD/ton); the monthly delivery term May 2025 was 5065 USD/ton (up 238 USD/ton) and the monthly delivery term July 2025 was 5000 USD/ton (up 233 USD/ton).

Domestic coffee prices on December 7, 2024 increased sharply. Photo: Hoang Thien Nga.

Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of December 7, 2024 also increased sharply, increasing from 13.05 – 16.75 cents/lb, fluctuating from 300.70 – 331.70 cents/lb. Specifically, the monthly delivery term March 2025 is 330.25 cents/lb (up 16.75 cents/lb); the monthly delivery term May 2025 is 327.60 cents/lb (up 16.30 cents/lb); the monthly delivery term July 2025 is 321.95 cents/lb (up 15.40 cents/lb) and the monthly delivery term September 2025 is 314.15 cents/lb (up 13.05 cents/lb).

At the end of the trading session, the price of Brazilian Arabica coffee in the morning of December 7, 2024 was dominated by green, the price increased sharply, the increase was from 14.90 – 21.55 USD/ton depending on the delivery terms. Specifically, the monthly delivery term December 2024 was 405.00 USD/ton (up 14.95 USD/ton); the monthly delivery term March 2025 was 408.95 USD/ton (down 0.35 USD/ton); the monthly delivery term May 2025 was 409.15 USD/ton (up 21.55 USD/ton) and the monthly delivery term July 2025 was 401.50 USD/ton (up 20.35 USD/ton).

Meanwhile, domestic coffee prices updated at 4:30 a.m. on December 7, 2024 also continued to increase sharply compared to the previous trading session, an increase of about VND5.600/kg. Currently, the average coffee purchase price in the Central Highlands provinces is VND120.100/kg.

Specifically, the coffee purchase price in Gia Lai province is at 120.000 VND/kg; the coffee purchase price in Dak Nong province is 120.200 VND/kg and Dak Lak has the highest price of 120.000 VND/kg; the price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 118.500 VND/kg.

Coffee price today (date 7/12) in Dak Lak province; in Cu M’gar district, coffee is purchased at the price of 120.100 VND/kg, and in Ea H’leo district, Buon Ho town, it is purchased at the price of 120.000 VND/kg.

Experts predict that tomorrow’s coffee price December 8, 2024 will continue to increase strongly.

According to statistics, today 7/12 is the 3 consecutive day that world coffee prices have increased strongly by 3 digits, the increase has regained what was lost in previous deep declines. Meanwhile, domestic coffee prices have also witnessed the 2 consecutive day of strong price increases.

Coffee price forecast for tomorrow, December 8, 12: Experts predict that coffee prices will increase sharply
Experts say that tomorrow December 8, 2024, domestic and world coffee prices will continue to increase strongly.

According to experts, the price of coffee in the Central Highlands increased faster than the world price due to many different reasons, including speculation when coffee prices decreased. Specifically, some businesses took advantage of the coffee price reduction at the beginning of the week to buy coffee to pay off contract debts and “hold on to goods” to make a profit.

In addition, experts also commented that the global coffee market trend is still low supply compared to the increasing consumer demand. Moreover, the current harvest in many places has not yet reached its peak, reaching only about 30% and farmers are not under economic pressure, so the recent price drop did not cause a sell-off. Therefore, when the world market recovered, domestic prices increased sharply again.

According to Reuters, despite the peak harvest season, domestic coffee prices in Vietnam are still rising due to high demand and limited supply. In the two months since the new harvest began, farmers in the Central Highlands have only harvested about 2% of the coffee output.

Experts say that farmers are not facing much financial pressure at present thanks to stable income from other crops such as durian and pepper, so they are not in a hurry to sell their products and continue to wait for coffee prices to increase. In addition, speculators are also “holding on to goods” to push up prices for profit.

Therefore, experts predict that tomorrow December 8, 2024, domestic and world coffee prices will continue to increase strongly.



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