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5 12, 2024

Natural Gas Price Forecast: Demand Improves Following 2.98 Low

By |2024-12-05T01:41:51+02:00December 5, 2024|Forex News, News|0 Comments


Confluence Identifies Support Zone

Given the confluence of indicators pointing to potential support around 3.04 to 3.02 and the intraday recovery, there is a chance that today’s low ends the short-term correction. A return to the breakout level of 3.02 is typical as prior resistance levels are tested as support. The decisive rally above 3.02, a prior swing high, on November 20 triggered a bullish breakout of a symmetrical triangle pattern.

Once triggered the price of natural gas reclaimed the next two higher swings that construct the top of the triangle formation at 3.16 and 3.39, before peaking at a new trend high of 3.56. The 2023 peak is a little further up at 3.64. That was the highest traded price since January 2023.

Top Boundary Line of Triangle May Yet be Tested

Regardless of the potential for the 3.02 support zone to hold, there is also the top boundary line of the triangle a little lower, around 2.92, depending on when it might be reached. The line also defined resistance at the top of the triangle. It could still be tested as support. The line is joined by 2.90 and 2.88, the 127.2% extended target for the falling ABCD pattern and the 78.6% retracement level, respectively.

Daily Close Above 3.02 Wound Show Strength

A daily close above 3.02 would provide a small indication of strength that would need follow-through, and further still on a close above 3.04. Nonetheless, a bullish reversal would not be indicated until there was an advance above today’s low of 3.08, assuming there is not a new low for the current bearish retracement beforehand.

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



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5 12, 2024

The 7 Best Zinc Supplements of 2024

By |2024-12-05T00:26:29+02:00December 5, 2024|Dietary Supplements News, News|0 Comments


While zinc is perhaps best known as the mineral that can help support your immune system, it’s also responsible for many other important functions in the body. Zinc promotes wound healing, it plays a role in growth and development and even our sense of taste. Even with all these body-spanning benefits, zinc is one of the most under-consumed nutrients. In other words, many of us aren’t meeting the daily zinc recommendations—and that’s where supplementation can help, says Christopher Mohr, Ph.D., RD.

If you only take zinc when you feel a cold coming on (spoiler: zinc actually can help shorten the number of days you’re sick) you may want to also consider taking the mineral year-round, in lower doses, to maintain optimal zinc levels. Before starting a zinc supplement you’ll want to pay your doctor a visit for a blood test to gain insight into your current zinc levels and potential supplement needs.

We spoke to Mohr about what to look for in a quality zinc supplement as well as his go-to recommendations, whether you’re shopping for a lozenge to fight a cold or a liquid or tablet to help reverse a deficiency. Using his insights and our own research and testing, we compiled a list of the best zinc supplements on the market.

PHOTO: Amazon

Zinc per serving: 30 mg | Serving size: 1 capsule | Number of servings: 60 | Independently verified: Yes | In-house tested: Yes

What we like: You’ll take just one capsule per day, and this supplement contains a highly absorbable form of zinc that doesn’t cause an upset stomach. 

What to know: It provides almost triple your daily value of zinc, so you might be able to get away with taking one capsule every other day.

This zinc supplement from Thorne comes recommended by Mohr because he trusts the brand for producing high-quality supplements. “This zinc picolinate supplement offers a highly absorbable form of zinc for those who are looking for a higher dose of the mineral,” Mohr says. 

Each capsule contains 30 milligrams of zinc, which provides 273% of your daily value of the mineral. The upper limit for zinc is 40 mg per day, so this Thorne supplement is safe to take daily. Plus, this form of zinc—picolinate—doesn’t cause stomach upset and is easy to take, considering the serving size is a single small capsule. What’s more, Thorne’s zinc supplement is NSF Certified for Sport, which means it’s been independently verified for more than 200 banned substances, such as steroids, stimulants, diuretics and more. 

Klean Athlete Klean Zinc

PHOTO: Amazon

Zinc per serving: 10 mg | Serving size: 1 chewable tablet | Number of servings: 100 | Independently verified: Yes | In-house tested: Yes

What we like: It’s NSF-certified and has a tasty orange flavor that’s easy to take, especially if you’re not a fan of swallowing pills. 

What to know: You’ll have to take three tablets for a higher dose of zinc. 

Mohr recommends Klean Athlete’s vegan zinc supplement because it’s NSF-certified and tastes better than most chewable zinc tablets. “This chewable (and tasty!) zinc supplement makes it easy to take for those who might have a tough time remembering their supplements or for those who have difficulty swallowing capsules,” Mohr says. 

Each tablet contains 10 mg of zinc citrate, which is a form of zinc that’s well absorbed by the body, even when taken on an empty stomach. Because of its lower dosage, you can take up to three tablets a day for a total of 30 mg of zinc. We also love that this tablet has a pleasant orange flavor and doesn’t contain any added sugar. Instead of sugar or artificial sweeteners, Klean Athlete sweetens its zinc chewables with xylitol—a natural sugar alcohol that research shows helps prevent cavities.

Nature Made Zinc 30 mg

PHOTO: Amazon

Zinc per serving: 30 mg | Serving size: 1 tablet | Number of servings: 100 | Independently verified: Yes | In-house tested: No

What we like: These come in at just 5 cents a serving and are independently verified by USP, guaranteeing quality and potency. 

What to know: Try to avoid taking this tablet on an empty stomach, as it might cause nausea and other GI issues.

Mohr recommends Nature Made’s zinc tablets because they bear the USP label (so they’re independently verified) and are cost effective (at about 5 cents per tablet). Each tablet contains 30 mg (or 273% of your daily value) of zinc gluconate, a well-absorbed form of zinc, to help correct deficiencies and support your immune system. It’s best to take these particular zinc tabs with a meal to help reduce the chance of getting an upset stomach. Timing your tablets around meals can also make it easier for you to remember to take them, Mohr says.

These Nature Made tablets are very small and easy to swallow, and you’ll only have to take one daily. You can further stretch out the bang for your buck with these by taking one tablet every other day, since a single pill provides more than double your recommended daily value of zinc. 

Life Extension Immune Packs With Vitamin C & D, Zinc and Probiotic

PHOTO: Life Extension

Zinc per serving: 50 mg | Serving size: 1 packet | Number of servings: 30 | Independently verified: No | In-house tested: Yes

What we like: It contains a mix of nutrients that are scientifically proven to support immunity in one convenient on-the-go packet. 

What to know: This supplement pack contains a zinc dosage that’s above the safe upper limit of 40 mg, so it’s not meant to be taken daily for an extended period of time.

We especially love the Immune Packs With Vitamin C & D, Zinc and Probiotic because they contain four research-backed nutrients that support immunity. 

Each portable packet comes with four pills, including 50 mg of zinc citrate (455% DV), 1,000 mg of vitamin C (1111% DV), 125 micrograms of vitamin D (625% DV), plus a probiotic pill (100 million CFUs). Supplementing with a combo of vitamin C, vitamin D and zinc was significantly linked to a lower risk of getting infected with COVID-19 in a 2022 study.

Also, Life Extension is a reputable brand that tests all of its supplements for purity and potency, and it goes that extra mile by providing a Certificate of Analysis (COA) for each of its products that attests to its supplements’ quality. 

Note that this supplement contains 50 mg of zinc, which exceeds the recommended upper intake limit (UL) of 40 mg for zinc, so this isn’t meant to be taken daily. Taking doses of zinc higher than the UL for an extended period of time can lead to lower immunity, low levels of good HDL cholesterol and low copper levels.

Pure Encapsulations Zinc Liquid

PHOTO: Vitacost

Zinc per serving: 15 mg for adults; 7.5 mg for kids | Serving size: 4 full droppers for adults; 2 full droppers for kids | Number of servings: 30 for adults; 60 for kids | Independently verified: Yes | In-house tested: Yes

What we like: You can easily tailor the serving to kids or adults, and it comes in a pleasantly fruity flavor.

What to know: Avoid taking this on an empty stomach as it can cause nausea.

If you or your kids find it difficult to swallow pills, this liquid zinc supplement from Pure Encapsulations is a solid option that’s easy to take. One serving size is four full droppers for adults (15 mg of zinc) or two full droppers for kids (7.5 mg of zinc). This supplement contains zinc gluconate, which is highly absorbable. 

This liquid zinc is formulated with apple and cranberry juice concentrates and sweetened with a bit of stevia, so it has a pleasant fruity flavor that both kids and adults will enjoy. You can take it directly from the bottle by dropping it on your tongue or you can mix it into water or another beverage. Either way, make sure to take this with a meal to avoid an upset stomach.

Life Extension Enhanced Zinc Lozenges

PHOTO: Amazon

Zinc per serving: 18.75 mg | Serving size: 1 lozenge | Number of servings: 30 | Independently verified: Yes | In-house tested: Yes

What we like: They don’t contain any ingredients that may interfere with zinc absorption.

What to know: Each lozenge contains 4 g of added sugar, which can add up, especially if you take the maximum recommended amount of eight lozenges per day.

Zinc lozenges, specifically, have been shown to help combat the common cold. The research found that zinc lozenge supplementation can reduce a cold’s duration by 2.25 days. These peppermint-flavored vegetarian lozenges from Life Extension provide 18.75 mg (or 170% of your daily value) of zinc, coming from well-absorbed zinc acetate. 

Do not exceed more than eight lozenges per day (for a total of 150 mg of zinc). Since these provide a high dose of zinc, you’ll only want to take them when you feel a cold coming on—so these aren’t meant to be taken every day. Plus, taking them at the onset of symptoms is when they’ll be most effective for shortening a cold.

We also love that Life Extension Enhanced Zinc Lozenges don’t contain any mannitol or sorbitol, which are common in other zinc lozenges. Mannitol and sorbitol are sugar alcohols that have been found to potentially cause zinc to become inactive in the presence of saliva. 

ChildLife Essentials Zinc Plus

PHOTO: iHerb

Zinc per serving: 1, 2, or 4 mg (depending on serving size) | Serving size: ½ to 2 teaspoons daily (depending on age) | Number of servings: 12/24/48 (depending on serving size) | Independently verified: Yes | In-house tested: Unknown

What we like: It’s free of common allergens including peanuts and gluten, and it’s suitable for kids 6 months old and up. 

What to know: You’ll need to adjust the dosage according to your child’s age. 

ChildLife Essentials’ Zinc Plus is suitable for every stage of childhood—you’ll just have to tinker with the dosage as your kids grow. It’s recommended that infants who are 6 to 12 months old take half a teaspoon daily (for 1 mg of zinc), children ages 1 to 3 years can take 1 teaspoon daily (for 2 mg of zinc), and children ages 4 and up can take 2 teaspoons daily (for 4 mg of zinc). Just make sure to clear it with your pediatrician before giving your child a supplement.

We love that this liquid zinc is made up of zinc gluconate while many kid-friendly zinc supplements on the market are made with zinc sulfate, which isn’t as easily absorbed by the body. And, it’s formulated with just a bit of natural fructose sugar and boasts a mango-strawberry flavor that’s tasty on its own as well as stirred into oatmeal, yogurt or your kid’s favorite juice. We also love that this supplement is NSF-certified, and is gluten-free, dairy-free, non-GMO and free of common allergens.

The Bottom Line: The Best Zinc Supplements 

We love Thorne Zinc Picolinate 30 mg (view at Amazon) because the once-daily tablet is easy to take and contains a highly absorbable form of zinc that doesn’t cause an upset stomach. Klean Athlete Klean Zinc (view at Amazon) is another great option as it’s independently verified and boasts a tasty orange flavor that’s easy to take.

Choosing a Zinc Supplement

Select a form that aligns with why you’re taking zinc.

While zinc supplements are most commonly found in pill or lozenge form, you can also score zinc in a liquid supplement or powdered drink mix. The type of zinc supplement you choose to take depends on your preferences. For example, if you find it difficult to swallow pills, you might look to a liquid or lozenge. 

But if you’re taking a zinc supplement specifically to help combat a cold, lozenges might be your best bet as research shows taking lozenges at the onset of symptoms can help shorten your cold duration.

Daily doses should be smaller while short-term supplementation can be a higher dose.

The recommended daily allowance (RDA) for zinc is 11 mg for males and 8 mg for female adults over the age of 19. Most zinc supplements offer about 15 mg, with some coming in at higher doses. The upper limit (UL) for zinc is 40 mg per day, so avoid taking more than that daily for an extended time.

 “The data is really mixed on the effective dosing, so it’s hard to suggest X amount for Y issue,” says Mohr, who recommends aiming for the RDA in a supplement. That said, if you plan to take a zinc supplement regularly, aiming for less than 40 mg a day is a safe bet. 

Check for independently-verified products. 

“The Dietary supplement industry can be like the wild, wild west, if not regulated,” Mohr says.  Fortunately, there are standards enforced by the FDA called Current Good Manufacturing Practice (CGMP), which ensure the safety and efficacy of all supplements. “Many companies adhere to those standards and go above and beyond by ensuring their products are independently tested as well,” Mohr says. “In other words, what’s on the label is in the product, and nothing more.”

Read the ingredients list. 

Many zinc supplements offer just that—zinc. But others come coupled with added ingredients for benefits such as immune support. “Including quality ingredients like vitamin D, vitamin C and even elderberry may all play a role in the overall potential benefits,” Mohr says. 

On the other hand, “zinc, copper and iron can all interact with one another, so they should not be (and usually aren’t) included together in the same products,” Mohr says.  

Some zinc supplements—namely gummies, liquids and lozenges—often contain added sugars to enhance the product’s flavor. Some products can even contain more than a quarter of your total daily added sugar limit (25 g for women and 36 g for men per the American Heart Association). Just because it comes from a nutritional supplement doesn’t mean those sugars don’t count towards your total daily intake. So, to help reduce the amount of sugar in your diet, opt for unflavored or zero-added-sugar supplements when you can.

Our Search for the Best Zinc Supplement 

We researched countless brands of zinc supplements and interviewed dietitian Christopher Mohr, Ph.D., RD, for the products he loves and what to look for in a quality zinc supplement. The products on our list are all produced in a cGMP facility and are independently verified by organizations such as USP and NSF to ensure that you’re getting exactly what’s on the label in terms of quality, potency, and purity. 

We Also Considered

Mary Ruth’s Ionic Zinc Organic Liquid Drops ($20 at Walmart): While we appreciate that this liquid supplement is independently verified, it didn’t make our final list because it is made up of zinc sulfate. This form of zinc is the least easily absorbed by the body and may cause an upset stomach. 

Common Questions

What is the best time of day to take a zinc supplement?

“The best time to take a zinc supplement is the time you’ll remember to take it,” Mohr says. “I’d suggest pairing your supplement with another daily, existing habit, so you remember to take it.” We suggest pairing your zinc supplement with a meal—to help prevent nausea and maybe even help you remember to take it.

It’s also worth noting that zinc interacts with calcium, iron and copper, and taking them together can reduce their individual absorption. If you’re taking supplements that contain calcium, iron or copper, try to take them separately from your zinc supplement to boost each nutrient’s uptake.

How much zinc should I take? 

The RDA for zinc is 11 mg for men and 8 mg for women ages 19 and up, while the upper limit is 40 mg per day. Most zinc supplements contain around 15 mg, which is a safe and effective dose. 

What are the benefits of zinc supplements? 

If you’re chronically low on zinc (which you can confirm with a blood test), you should consider taking a zinc supplement. Increasing your zinc levels will help support your immune system, hormone balance, wound healing and healthy growth and development.

Taking higher doses of zinc at the onset of a cold has been found to shorten the duration of a cold by about two days.  

What are the side effects of zinc supplements? 

Taking zinc supplements (even in small doses) on an empty stomach can cause nausea as well as indigestion, diarrhea, headache and vomiting. Taking doses higher than the upper limit of 40 mg per day (from supplements, not food) for longer periods of time has been shown to lower immunity, lower your levels of good HDL cholesterol and lower your copper and magnesium levels. 

Our Trusted Expertise

April Benshosan, M.S., has been reporting on nutrition, health, and expert-recommended products from the start of her journalism career. For this article, she interviewed dietitian Christopher Mohr, Ph.D., RD, for his insights on zinc supplements.

This article was edited and reviewed by Brierley Horton, M.S., RD, an EatingWell senior editor who has 15 years of experience reporting, writing, and editing nutrition and health content.



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5 12, 2024

Cardano Price Prediction as Trump’s New SEC Pick Could Be ADA Supporter

By |2024-12-05T00:23:00+02:00December 5, 2024|Crypto News, News|0 Comments

Cardano (ADA) price has experienced a notable rise over the past 30 days, in line with the broader market surge. This positive movement comes as investor interest grows, fueled by the cryptocurrency market’s overall rally. ADA’s upward trajectory is part of a larger trend seen across many altcoins, which have also shown impressive gains recently. The altcoin’s surge coincides with speculation that Donald Trump’s newly appointed SEC chairman could be a supporter of Cardano, potentially adding further momentum

Cardano Price Forecast Could ADA Soar With Trump’s Supportive SEC Nominee

The Cardano price has recently captured the attention of investors. This comes after Donald Trump’s endorsement of a potential new SEC (Securities and Exchange Commission) nominee who strongly supports cryptocurrencies. This surprising political alignment could have significant implications for the price of ADA, which has increased in recent months.

The prospect of a more crypto-friendly SEC leader has fueled optimism within the crypto market. Investors hope the new nominee will take a more lenient stance on crypto regulation. This could allow projects like Cardano, often seen as a technically superior yet undervalued blockchain, to gain more traction.

ADA Price Bulls Eyes $3 Resistance Level

The latest ADA price is trading at $0.7522, marking a 14% increase over the past week. During this time, the cryptocurrency has experienced notable price fluctuations, ranging between $1.17 and $1.24. 

The volatility reflects strong market movements and heightened investor activity. ADA’s impressive price surge of 260% in the last seven days signals bullish sentiment and growing market interest.

At this stage, investors are keenly watching the $1.25 resistance level, hoping that a breach of this price point could trigger further upward momentum. If the Cardano price prediction surpasses this level, it may aim for the next significant resistance at $2. If buying pressure continues, the best altcoin could reach as high as $3.

Cardano Price Prediction as Trump’s New SEC Pick Could Be ADA Supporter
Cardano Price Chart: TradingView

Currently, the overwhelming majority of contracts, 88.57%, are IntotheMoney, representing a value of $37 billion ADA. In contrast, only 3.62% of contracts, or $1.53 billion ADA, are OutThe Money, while a minor 7.81%, totaling $3.29 billion ADA, are ATM. The data, aligned with a current ADA price, provides investors with a comprehensive overview of the market’s potential movement and sentiment.

Source- IntoTheBlock

Cardano’s price surge and potential support from a crypto-friendly SEC leader present a promising outlook. ADA could see significant gains if momentum persists, targeting higher resistance levels.

Frequently Asked Questions (FAQs)

If the nominee supports cryptocurrencies, Cardano could benefit from more favorable regulation, potentially boosting its price.

ADA is currently testing the $1.25 resistance level, with potential to rise further if it surpasses this point.

Yes, if buying pressure continues, ADA could potentially hit $3, according to recent price movements and market sentiment.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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4 12, 2024

GBP/USD Rallies After U.S. Services Sector Unexpectedly Slows

By |2024-12-04T22:27:53+02:00December 4, 2024|Forex News, News|0 Comments

Image © Adobe Images


The Dollar fell after an unexpected slowdown in the mighty U.S. services sector was reported by the Institute for Supply Management (ISM).

The ISM Services PMI read at 52.1% in November, well below October’s 56% and the consensus estimate of 55.5%.

The ISM said election ramifications and tariffs were cited by respondents to the survey as being behind a more cautious sentiment.

The index’s Employment, Business Activity and New Orders components all receded versus the month prior.



In the wake of the release, the Pound to Dollar exchange rate (GBP/USD) is 0.32% higher on the day. The rise comes amidst a broader pullback by the Dollar.

The price action suggests markets have grown more confident that the Federal Reserve will cut interest rates in December after these softer data.

Several members of the Federal Reserve’s policy-setting committee have spoken recently, with most saying they are inclined to cut interest rates if incoming data turns softer.

“This week’s ISM reports have ticked that box and a soft jobs number on Friday would likely seal the deal even if next week’s inflation data remains sticky,” says James Knightley, Chief International Economist at ING Bank.


Above: GBP/USD is forming a base following a period of decline.


GBP/USD investment bank consensus forecasts: The end-2024 and 2025 guide from Corpay has been released. It shows a sizeable uplift was made to the consensus forecasts for GBP/USD. Please request a copy here.


“On balance, it is supportive of the rate cut narrative at the December FOMC meeting and suggests a cooling in economic growth in the fourth quarter,” he adds.

ING tells clients that if Friday’s U.S. job report indicates an approximate 100k net job creation, and the unemployment rate ticks up to 4.2%, then a 25bp rate cut on December 18 looks probable.

The Dollar has outperformed in October and November on the back of a run of above-consensus economic data releases that confirm the U.S. economy is in robust shape.

The data outcomes have prompted investors to slash expectations for the scale of rate cuts to come from the Fed, which has bolstered U.S. bond yields and the Dollar.

However, sentiment towards the USD is nearing stretched levels, leaving the currency at risk of a pullback in the event of data setbacks.

This PMI report is a perfect example of such a setback, and the Dollar’s response is, therefore, unsurprising.

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4 12, 2024

6 Best Vitamins & Supplements to Take for Your Immune System

By |2024-12-04T22:25:50+02:00December 4, 2024|Dietary Supplements News, News|0 Comments


Ridofranz/Getty Images

First, when we think about the best vitamins for your immune system, we typically think about pills and capsules. But nutrition doesn’t only come in pill form, Sharon Palmer, RDN, a nutritionist from Ojai, CA, tells The Healthy by Reader’s Digest. “These can be via diet—not only supplemental form,” Palmer says.

Simply put, you don’t have to get vitamins in a bottle if you have a healthfully diverse diet. Her personal faves for immune health: Vitamin C, E, D; zinc, probiotics, fiber, and mushrooms. That said, supplements in pill (or liquid) form can support your health and your immune system.

“It’s possible that taking supplements, if your diet does not contain adequate sources of nutrients that have a role in immunity, can help,” Palmer says.

Vitamins lying near dark glass jar with lemon slice and whole fruit on white wooden table

Olgaorly/Getty Images

Best vitamins for your immune system

1. Vitamin C

“I see people taking large doses of vitamin C—but the research is mixed on the benefits of this,” Palmer says.

A 2017 study published in Nutrients suggests that Vitamin C is essential for a strong immune system, but according to the National Center for Complementary and Integrative Health, it can’t prevent colds.

“I recommend getting enough of this high antioxidant vitamin through foods to support a healthy immune response,” Palmer adds.

9 Foods With More Vitamin C Than an Orange





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4 12, 2024

Cardano Eyes 66% Upswing in December If ADA Price Follows History

By |2024-12-04T22:21:53+02:00December 4, 2024|Crypto News, News|0 Comments

Cover image via www.freepik.com

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.

Cardano (ADA) can soar as high as 66% in December if the altcoin’s historical precedence is repeated. Based on Cryptorank data, ADA has an average growth rate of 66.8% for December, providing a generally bullish month for the coin. Picking up from the bullish outlook in November, ADA has the chance to pull off a more stunning rally this month.

Cardano’s historical December performance

Cardano’s price has the right setup to repeat its performance if the current momentum is sustained. ADA was trading at $1.14 as of this writing, having increased by 6.60% 24 hours earlier. Its market volume has also soared by 214.52% to $4.29 billion.

Related

Cardano (ADA) Journeying to $1.50 Mark Again

This bullish development has been a pattern with Cardano in the last month of the year. In December 2021, ADA peaked at $1.72, about three months after its all-time high of almost $3. The asset has maintained a steady uptick in price as it has overcome bearish sentiment.

Cardano has already commenced its climb, with analysts anticipating it could test $10. As earlier reported by U.Today, an analyst using the Fibonacci indicator suggests that the next target for ADA could be $2.453.

However, the Fibonacci sequence corresponding to the 2.618 Fibonacci level will see ADA hit $8.30 as its next key target. 

Article image
Cardano Historical Price Chart Via Cryptorank

Away from these projections, repeating the 58.1% rally scored in December 2023 will peg the price of ADA at a high of at least $1.70.

However, ADA skyrocketed by 216% in November, and repeating this might help it retest its ATH of $3.10.

Fundamental backing

Beyond its historical precedence, Cardano also has a series of fundamental backings that might help it sustain a positive growth trend for the rest of the year. The hype around ADA is currently high, from the Quantum Hosky innovation to the Chang hard fork update.

Related

Cardano Light Wallet Lace Gets Game-Changing Update: Details

Also, Bitcoin is making moves to retest the $100,000 price mark. Despite the headwinds and corrections, the sentiment remains bullish. ADA can lean on its correlation with BTC to claim new highs this month.

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4 12, 2024

Ethereum price crosses $3.7K as Tron and Avalanche lead DeFi Market rally

By |2024-12-04T22:04:06+02:00December 4, 2024|News, NFT News|0 Comments


  • The total cryptocurrency market valuation hit $3.54 trillion on Tuesday, a new all-time high.
  • The crypto market is now on course for its sixth consecutive positive daily trading session. 
  • Bull seized control in the derivatives markets as bears booked 51% of the $343.14 million liquidations recorded on Tuesday.  

Altcoin market updates: Ethereum breaches $3.7K resistance, while Tron and Avalanche gain traction

Ethereum price crossed the $3,700 mark as it outperformed Bitcoin on Wednesday amid positive tailwinds from news reports that the Securities & Exchange Commission (SEC) could approve staking for crypto ETFs in the US.

  • Amid expectation of corporate participation in DeFi, the bullish sentiment spread toward prominent Proof-of-Stake networks including Tron (TRX) and Avalanche (AVAX).
  • Tron (TRX) price hit $0.40 as the rally continued with another 17% surge on Wednesday amid several bullish catalysts including founder Justin Sun’s $30 million investment in Trump World Liberty Financial (WLFI) token. 
  • Avalanche (AVAX) price also increased by 6.5%, mirroring Ethereum’s 6% surge on the day. 

Chart of the day: DeFi market cap hits $135 billion on Fed rate cut impact

The cryptocurrency sector’s positive reaction to Donald Trump’s re-election has dominated media discourse over the past month. However, a closer look at on-chain data trends reveal a pronounced impact of the macroeconomic policy shift from the US central bank, the Federal Reserve (Fed). 

On November 7, the Fed announced a 25-basis-point rate cut after an initial 50-basis-point cut in September, marking the first time in four years the regulator slashed rates in two consecutive months.

This also coincided with significant dovish action from the Bank of England (BoE) and the European Central Bank (ECB). 

Total DeFi Market Cap | TradingView

Amid the resulting decline in yield on government bonds and other risk-off securities, investors are increasingly shifting capital toward decentralized finance (DeFi) services to shore up gains. 

Confirming this narrative, the TradingView chart above shows the aggregate market capitalization of DeFi-focused crypto projects.

The Total DeFi market cap stood at $73.2 billion as of November 6. But since the Fed’s latest rate cut decision, the figure has increased by 88% to hit the $135 billion milestone on December 4. 

This suggests that the crypto market rally has not only been driven by speculative demand for key assets but also by inflows from fresh investments in core yield-bearish DeFi services and the dovish macro economic landscape.

Unsurprisingly, prominent DeFi-focused Layer-1 projects such as BinanceCoin (BNB), Solana (SOL), Tron (TRX) and Cardano (ADA) have recorded gains in excess of 100% during this period.  

The next Fed rate decision is slated for December 17.

With analysts pricing in a 66% chance of another rate cut, further influx of funds in the DeFi sector could see broader crypto markets hit new peaks in the weeks ahead. 

Crypto news updates: 

  • Bitcoin crashes to $62,000 on Upbit amid South Korea’s martial law declaration

Bitcoin’s price plunged over 30% to $62,000 on Upbit after South Korean President Yoon Suk Yeol declared emergency martial law on December 3, 2024, citing political turmoil and threats from North Korea. 

The announcement triggered widespread panic among crypto investors, triggering mass sell-offs in local markets. 

Although Bitcoin recovered above $89,000 on Upbit, the local market remains disconnected from global exchanges, where the asset trades around $93,600, creating a $4,000 arbitrage gap. 

  • Enron announces relaunch with a focus on energy and blockchain

Enron, infamous for its catastrophic bankruptcy and fraud scandal in 2001, has announced plans to relaunch with a bold new vision aimed at tackling global energy challenges. 

Notably, the company hinted at exploring blockchain and crypto technologies as part of its pivot toward “permissionless innovation,” sparking curiosity about its potential entry into the digital asset space.

This surprising announcement has reignited debates over the legacy of one of history’s most notorious corporate collapses.

 

  • Donald Trump nominates Paul Atkins as SEC Chair

President-elect Donald Trump has officially nominated Paul Atkins as the new Chair of the SEC. 

Announced via a Truth Social post, Trump praised Atkins for his leadership in capital markets and regulatory expertise, emphasizing his commitment to fostering innovation and addressing digital asset challenges. 

Atkins, a former SEC Commissioner and CEO of Patomak Global Partners, is expected to play a pivotal role in shaping policies for emerging financial technologies, particularly blockchain and cryptocurrencies.

This appointment marks a potential shift in the SEC’s approach toward digital assets with Trump signaling a focus on “common sense regulations” and innovation as priorities.

The nomination has sparked optimism within the crypto sector, which anticipates more balanced oversight under Atkins’ leadership after intense scrutiny under the outgoing Gary Gensler-led regime. 
 

 




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4 12, 2024

XAG/USD experiences V-shape recovery from $30.50 after US ADP job data

By |2024-12-04T21:40:01+02:00December 4, 2024|Forex News, News|0 Comments


  • Silver price recovers strongly from $30.50 after US ADP Employment Change data misses estimates by a slight margin.
  • Investors await Fed Powell’s speech for fresh guidance about the likely interest rate path.
  • Traders expect the Fed to cut interest rates by 25 bps to 4.25%-4.50% on December 18.

Silver price (XAG/USD) recovers in a V-shape manner from the key support of $30.50 in Wednesday’s North American session and refreshes an intraday high near $31.20 after the release of the United States (US) ADP Employment Change data for November. The agency reported that the private sector hired fresh 146K workers, marginally missed estimates of 150K but was significantly lower from the former release of 184K, downwardly revised from 233K.

However, the private sector employment data has not weighed much on the US Dollar (USD). The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, surrenders nominal gains but holds the key support of 106.50. 10-year US Treasury yields hold onto gains near 4.27%.

Historically, higher yields on interest-bearing assets increase the opportunity cost of holding an investment in non-yielding assets, such as Silver. But it doesn’t appear in this case, suggesting that geopolitical tensions continue to maintain safe-haven demand.

According to Reuters, the Hamas internal statement has reported that the group has information that Israel intends to carry out a hostage rescue operation similar to Israel’s June nuseirat operation in Gaza, a move that could derail the ceasefire between Iran and Israel. The appeal of the Silver price strengthens in a heightened geopolitical environment.

Going forward, investors will focus on Federal Reserve (Fed) Chair Jerome Powell’s speech at the New York Times DealBook Summit for fresh guidance on interest rates. The probability for the Fed to cut interest rates by 25 basis points (bps) to 4.25%-4.50% is 74%, while the rest favors leaving them unchanged at their current levels, according to the CME FedWatch tool.

Silver technical analysis

Silver price strives to extend recovery above the 20-day Exponential Moving Average (EMA), which trades around $31.30.

The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend.

Looking down, the upward-sloping trendline around $29.50, which is plotted from the February 29 low of $22.30 on a daily timeframe, would act as key support for the Silver price. On the upside, the horizontal support plotted from the May 21 high of $32.50 would be the resistance zone.

Silver daily chart

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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4 12, 2024

Technical Tuesday – December 3, 2024

By |2024-12-04T20:27:01+02:00December 4, 2024|Forex News, News|0 Comments

The EUR/JPY is our featured technical chart, for not only a technical breakdown is looking increasingly likely, but the macro back backdrop makes for a bearish fundamental backdrop. In short, the euro is undermined because of Europe’s persistent economic and political challenges, while a potential rate hike from the Bank of Japan magnifies the yen’s appeal.  Against this backdrop, our short-term EUR/JPY forecast is bearish.

 

EUR/JPY forecast: Political and economic uncertainty risks loom for euro 

 

The euro rebounded slightly across the board amid a firmer risk tone with the DAX and S&P hitting new record highs this week. Still, FX traders are treading cautiously ahead of significant political developments in France and a packed week of US economic data, which could have indirect influence on the JPY through the bond market (i.e., should US data surprise to the upside, this should push US and global bond yields higher, which would be negative for the low-yielding assets like JPY).

 

Meanwhile, geopolitical tensions are still at the forefront. Donald Trump’s recent threat of trade tariffs, slated for implementation once he assumes office in January, adds an obvious layer of pressure on the euro. Over the weekend, Trump also warned of tariffs targeting BRIC nations not aligned with the US dollar as a reserve currency. In Europe, French Prime Minister Michel Barnier faces mounting pressure, with his coalition government on the verge of collapse. A no-confidence vote is scheduled for tomorrow, and analysts anticipate he will struggle to retain his position. This could usher in further political instability in the eurozone’s second-largest economy, potentially weighing on the EUR/JPY forecast and undermining other euro crosses.

 

Adding to the bearish sentiment for the euro are weak economic fundamentals. Yesterday’s release of updated Eurozone PMIs showed no improvement, underscoring the region’s deepening manufacturing recession, with little sign of recovery in sight. 

 

 

Yen gains momentum amid BoJ rate hike speculation

 

The yen has been strengthening as speculation grows that the Bank of Japan could raise interest rates this month. This anticipation is not only boosting the yen against the dollar but also pressuring other pairs like the GBP/JPY and AUD/JPY.

 

And it looks like speculators appear eager to capitalize on the yen’s rally, according to the latest CFTC positioning data. Last week, large speculative traders significantly increased their long positions on the yen, driven by renewed expectations of a 25 basis point rate hike by the Bank of Japan this month. Notably, these traders reduced their short positions while boosting long exposure by over 23%, adding nearly 15,000 contracts to their bullish wagers.

 

 

Technical EUR/JPY forecast: Key levels and factors to watch

 

EUR/JPY forecast

Source: TradingView.com

 

As far as the technical EUR/JPY forecast is concerned, well this pair slid below the pivotal 160.00 level last week and is now hovering near the 158.00 old support level. Once support, this level could turn into resistance and potentially trigger another drop in this pair. The next level of support comes in around 156.50 to 157.00, which also marks the trend support in place since August. Should the EJ break below this area, then this could pave the way for a potential drop to take out liquidity resting below the lows of September and August at 155.15 and 154.41, respectively.

 

So, not only is the EUR/JPY under pressure because of a stronger yen, but the euro’s ongoing weakness, driven by Europe’s persistent economic and political challenges, further magnifies the yen’s appeal.  Against this backdrop, our short-term EUR/JPY forecast is bearish, and we expect to see a breakdown below the summer low of 154.41.

 

 

 

 

 

— Written by Fawad Razaqzada, Market Analyst

Follow Fawad on Twitter @Trader_F_R

 

 



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4 12, 2024

Solana Price Prediction: Can SOL Reach $1,000 by 2025?

By |2024-12-04T20:20:57+02:00December 4, 2024|Crypto News, News|0 Comments

Solana’s native token, SOL, climbed to a record high of $263.83 earlier in November, a 266.05% year-over-year gain. Last year, SOL couldn’t even break the $25 resistance level, which cast doubt on the network’s prospects. 

However, current technical indicators are bullish, and strong buying interest could push SOL to $330 by the start of 2025. The flourishing Solana dApp ecosystem is the main factor contributing to SOL’s price growth.

Unlike Solana, Bitcoin is currently confined to its reserve asset and payment method roles. The new Layer-2 network PlutoChain could expand Bitcoin’s functionalities. This may lead to innovative uses of Bitcoin and contribute to the expansion of its ecosystem.

Is $1,000 Realistic for SOL in 2025?

Solana’s flexibility and ability to handle a high volume of transactions have attracted millions of developers and users. 

This growth is reflected in the Total Value Locked (TVL) on Solana, which reached $6 billion in October. This figure increased by over 40% over November, reaching $8.90 billion. As a result, Solana now holds the position of the second-largest blockchain by TVL, surpassed only by Ethereum with its $71.516 billion TVL.

Solana Price Prediction: Can SOL Reach ,000 by 2025?

Interestingly, the number of SOL holders significantly exceeds the number of ETH and BTC wallet addresses.  

ETH, SOL’s primary competitor, experienced moderate growth of 71.80% this year. This can be attributed to Ethereum’s higher gas fees and slower transaction speeds. If Solana sustains its appeal to developers, it may soon surpass Ethereum in terms of TVL.

Both short-term and long-term technical indicators for SOL point to a strong uptrend. While SOL has experienced a pullback to $226.79 after reaching its new all-time high, it may soon surge again. Investors may view this correction as a favorable buying opportunity.

Under favorable conditions, SOL could potentially reach $400 by January and $1,000 by the end of 2025. This scenario is realistic considering that it represents a yearly growth of only 112%, significantly lower than the growth SOL witnessed in 2024.

PlutoChain: On a Mission to Empower Bitcoin Devs

Despite Bitcoin’s significantly larger market capitalization of $1.89 trillion, its TVL is only half that of Solana’s. This discrepancy arises from Bitcoin’s primary function as a store of value, while Solana serves as the backbone of a mature ecosystem. 

The newly introduced Layer-2 project PlutoChain could stimulate the Bitcoin network’s growth and expand its use cases.

PlutoChain enables smart contracts on Bitcoin, facilitating the development of sophisticated DeFi, NFT, and gaming applications.

PlutoChain’s cross-chain bridge also helps migrate Ethereum applications to Bitcoin. This way, developers could tap into Bitcoin’s extensive user base and boost the adoption of their projects.

To ensure the security of its Layer-2 solution, PlutoChain passed a comprehensive audit by SolidProof. The audit results confirmed there are no security flaws in its code.

PlutoChain could create a thriving ecosystem built on transparency and community involvement thanks to its decentralized governance model.

It empowers members to play a crucial role in shaping the project’s direction, making it more than just a blockchain—it’s a collaborative effort.

Through this model, community members can vote on key development proposals, ensuring that updates align with the collective vision and interests of its supporters. 

This democratic approach creates trust and inclusivity, encouraging developers and innovators to join the ecosystem and build what could be the next generation of Bitcoin’s widespread adoption.

Final Words

Solana’s growing ecosystem highlights the transformative power of blockchain innovation. At the same time, projects like PlutoChain showcase how Bitcoin could evolve beyond its traditional use case.

By introducing smart contracts and a hybrid Layer-2 network, this project could unlock new opportunities within Bitcoin’s network.

These advancements might lead to increased adoption, heightened security, and a stronger position for Bitcoin as the leader in decentralized technologies – making it a project worth taking a look at.

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/ 

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.



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