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2 12, 2024

XAU/USD holds below $2,650 on US Dollar rebound

By |2024-12-02T02:59:53+02:00December 2, 2024|Forex News, News|0 Comments


  • Gold price trades in negative territory near $2,645 in Monday’s early Asian session. 
  • Trump trades and the Fed’s cautious stance undermine the yellow metal price. 
  • The geopolitical risks might help limit Gold’s losses. 

Gold price (XAU/USD) edges lower to around $2,645 during the early Asian session on Monday. A recovery in the US Dollar broadly weighs on the precious metal. However, persistent geopolitical tensions could cap the downside for XAU/USD. 

The yellow metal declined 3% in November, its worst monthly loss since September 2023. A victory of Donald Trump in the US Presidential election in November fuelled expectations that the Federal Reserve (Fed) would adopt a cautious approach to further rate cuts, which boost the Greenback and drag the USD-denominated Gold lower. 

Nonetheless, the escalating geopolitical tensions could boost the Gold price, a traditional safe-haven asset. Russian and Syrian jets have carried out air strikes on Syrian rebels who are advancing through the country after seizing its second-largest city, per Reuters. “Persistent global uncertainties continue to drive demand for gold as a safe-haven asset,” Ole Hansen, head of commodity strategy at Saxo Bank, said in a note.

Traders brace for the US ISM Manufacturing Purchasing Managers’ Index (PMI) on Monday for fresh impetus. The Manufacturing PMI is projected to rise to 47.5 in November from 46.5 in the previous reading. On Friday, the attention will shift to the US Nonfarm Payrolls (NFP) for November. 

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

 



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2 12, 2024

Japanese Yen Weekly Forecast: Will USD/JPY Break 145 on December BoJ Rate Bets?

By |2024-12-02T01:47:11+02:00December 2, 2024|Forex News, News|0 Comments

FX Empire – US Jobs Report

Softer wage growth, a sub-100k increase in nonfarm payrolls, and a higher unemployment rate could raise bets on a December rate cut. On the other hand, strong data could temper expectations for a December Fed rate cut.

In summary, rising bets on a December Fed rate cut on weak labor market data could drag the USD/JPY pair below 147.5. Conversely, upbeat labor market data may drive the pair toward 155.

Other US data include finalized private sector PMI and consumer sentiment numbers. However, barring marked revisions, they will likely play second fiddle to the labor market reports.

Short-term Forecast:

Near-term USD/JPY trends will hinge on upcoming Japanese and US data. Monetary policy divergence favoring the Japanese Yen could drive the USD/JPY below 147.5, while falling bets on a Fed rate cut or BoJ rate hike may push the pair toward 155.

Investors should stay alert, monitoring real-time data, central bank views, and expert commentary to adjust trading strategies accordingly. Don’t miss crucial market movements. Follow our real-time FX updates and stay ahead in the markets here!

USD/JPY Price Action

Daily Chart

The USD/JPY sits below the 50-day and 200-day EMAs, sending bearish price signals.

A USD/JPY break above the 200-day EMA could signal a move toward the 50-day EMA and the 151.685 resistance level. A breakout from the 151.685 resistance level may enable the bulls to target the trend line.

Investors should consider the economic indicators and central bank commentary, potentially affecting USD/JPY price trends.

Conversely, a drop below the 148.529 support level could bring the 147.5 level into play. A fall through 147.5 may give the bears a run at the 145.891 support level.

The 14-day RSI at 38.45 suggests a USD/JPY drop below the 148.529 support level before entering oversold territory (RSI< 30).

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2 12, 2024

Cardano Breaks Through $1.05: What’s Next for ADA?

By |2024-12-02T01:44:29+02:00December 2, 2024|Crypto News, News|0 Comments

Amid what has been a legendary bull rally for the crypto market, Cardano has broken through the $1.05 mark as trades ponder what could be next for ADA. The token has been one of the greatest beneficiaries of the market’s sentiment, as it has been surging throughout the month of November.

It is certainly not alone, as Ripple (XRP) has reached its highest price of the year, trading at the $1.75 mark. With Bitcoin also on the doorstep of a $100,000 all-time high, there is a growing belief that a host of cryptocurrencies could be quickly behind. Among the most promising tokens entering December is Cardano.

Cardano Breaks Through .05: What’s Next for ADA?
Source: Cryptonomics

Also Read: Cardano Founder Makes Bold Bitcoin Prediction for 2025…

Cardano Price Prediction: ADA Hits $1 as Market Ponders What Could be Next

The month of November has been one to remember for the cryptocurrency market. With Donald Trump winning the 2024 US presidential election, pro-crypto policies are expected to take hold. Moreover, that has created some immensely positive sentiments regarding top tokens.

Leading the charge, like always, is Bitcoin. The top crypto by market cap reached a $99,000 all-time high last week, while it’s sitting on the doorstep of a six-figure record price. Moreover, XRP has followed suit. The asset has decoupled from BTC while reaching its highest price of the year.

Joining the surging assets is Cardano, with ADA surpassing the $1.05 psychological level. Now the market is anticipating what could be next. However, before theorizing, it is important to break down how the asset reached the vital price point.

CardanoCardano
Source – Binance

Also Read: Cardano to $2? Why Some Think it Could Happen Before 2025

Over the last 30 days, the token is up a remarkable 196%, according to CoinMarketCap. Moreover, those gains extend over the last week, where it has increased more than 8% to reach its current price point. With its trading volume up over 40%, there are high hopes for where the asset could be headed.

The next key landmark price to keep an eye out for is $1.50, which is certainly possible. In order to verify a trip to that price point, ADA would first have to surpass the $1.20 level it has proven unable to break through. However, the next several months could be huge for the long-term success of Cardano.

By 2025’s arrival, there are expectations that it could offer a 50% return and set the stage for big things over the next 12 months. Specifically, many predict that the token could challenge its all-time high above the $3 mark. Set in 2021, the record would mean huge things for ADA and the greater crypto market.

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2 12, 2024

This Week in Crypto Games: ‘FIFA Rivals’ Announced, ‘MemeFi’ Airdrop, and ‘Pac-Man’ NFTs

By |2024-12-02T01:17:26+02:00December 2, 2024|News, NFT News|0 Comments


The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!

Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games.

Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few of our original stories from the week.

Biggest news

FIFA Rivals: Mythical Games, a blockchain gaming studio, is teaming up with sports organization FIFA to create a new mobile arcade-style soccer game called FIFA Rivals. Set for launch in summer 2025 on iOS and Android, the free-to-play title will allow players to build and manage their own soccer clubs while competing against others in real-time matches. 

Mythical Games is the studio behind NFL Rivals, another licensed free-to-play mobile sports game that is built around optional NFTs. FIFA Rivals will similarly utilize the Mythos chain and let players collect and trade professional soccer stars, both past and present.

MemeFi airdrop: Telegram tap-to-earn game MemeFi launched its token on Friday via the Sui network. Alongside the token launch, the project airdropped tokens to eligible players, both through centralized exchange OKX and on-chain claims with funds going directly into self-custodial wallets.

Like most Telegram game airdrops so far, the MEMEFI token is already down substantially from its opening price, with CoinGecko showing a nearly 50% dip at a current price of $0.0057. Whether it can rebound may depend on the future plans for the game and ecosystem.

Pac-Man NFTs: Flickplay, an NFT interactive character platform, has teamed with Bandai Namco Entertainment—one of its investors—to launch a Pokémon Go-style scavenger hunt to celebrate the 45th anniversary of classic arcade game, Pac-Man.

Set to debut in February 2025, the partnership will begin with the release of two series of exclusive Pac-Man digital collectible “toys.” The first of which will only be available to those within Shibuya, the Japanese neighborhood where Pac-Man was first seen in the 1980s, in a Pokémon Go-style scavenger hunt. The second collection will be available globally via the Flickplay store.

ICYMI

GG spotlight

Here are a few of our original stories from this past week that we think are well worth a weekend read:

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





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1 12, 2024

XRP Price Hits $2 in Epic Bullish Move

By |2024-12-01T23:44:04+02:00December 1, 2024|Crypto News, News|0 Comments

On Dec. 1, XRP price reached $2 for the first time in 6 years. 

XRP’s market dynamics highlight its strong position in the cryptocurrency space, with a market cap of $113.17 billion, reflecting a 4.24% growth. 

Over the past 24 hours, trading volume reached $11.18 billion, a notable increase of 32.93%, demonstrating increased liquidity and investor activity. XRP’s fully diluted valuation (FDV) stands at $198.37 billion, emphasizing its long-term potential. 

The volume-to-market cap ratio of 9.65% underlines the high level of trading activity relative to its market cap. With a total supply of 99.99 billion XRP and a capped maximum supply of 100 billion XRP, its near-full issuance indicates a stable supply structure supporting its robust market performance.

Ripple’s stablecoin to get greenlight? 

During this weekend, the XRP price has reacted to speculations to RLUSD adoption.

The New York Department of Financial Services (NYDFS) is reportedly close to approving a new stablecoin issued by Ripple, known as RLUSD, according to FOX Business. 

Related

Ripple’s XRP surged 20% during the Thanksgiving weekend, building on a 200% rise since October and solidifying its position as the fifth-largest cryptocurrency by market capitalization at $108 billion.

Ripple is preparing for a possible launch on December 4, pending approval. If granted, Ripple will be authorized to offer RLUSD to the public, marking a significant step into New York’s regulated digital finance market and strengthening its position within the stablecoin ecosystem.

With the case now in the appeals process, some speculate it could be dropped in 2025, potentially creating a clearer path forward for XRP. 

Ripple vs. SEC case

In a recent Fox Business interview, former CFTC Chairman Chris Giancarlo predicted that the SEC might drop its case against Ripple. 

When asked by reporter Charles Gasparino about the possibility, Giancarlo stated, “I would bet they would.” This follows the SEC’s notice of appeal in the ongoing case, alongside Ripple’s cross-appeal.

Related

SEC Predicted to Drop Ripple Case by Former CFTC Chair

Optimism is growing in the crypto sector as current SEC Chair Gary Gensler prepares to step down in January. Many anticipate his successor will adopt a more favorable stance toward digital assets. 

Prediction market Kalshi places former SEC Commissioner Paul Atkins as the frontrunner to lead the agency, with a 60% likelihood of appointment. Former Binance US CEO Brian Brooks is a distant second, with a 20% chance. 

If realized, this leadership change could signal a shift in regulatory approach, potentially benefiting the crypto industry.

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1 12, 2024

Dogecoin Price Prediction: Will DOGE Keep Rising or Pull Back When It Reaches $1 Psychological Level?

By |2024-12-01T21:42:42+02:00December 1, 2024|Crypto News, News|0 Comments

DOGE currently trades at $0.39, reflecting over a 170% increase in the past month. Although DOGE fell a bit after crossing $0.40, it’s still bullish. Analysts also believe its rally has just started, and Dogecoin’s price could reach $1 shortly.  However, if it reaches the $1 psychological level, will it keep rising or fall below the mark?

Dogecoin (DOGE) Price Rallies: Higher Highs Ahead

Dogecoin’s rally looks strong, and despite already gaining over 170% in the past month, analysts believe it’s yet to reach its max. According to popular analyst Alan Santana, this is the first strong bullish month for DOGE since the 2021 bull run.  In January 2021, DOGE saw a very strong bullish phase like this one. However, he believes DOGE is yet to be done, and this is simply the beginning of a bullish cycle; Dogecoin’s price will see more explosions. He also claims that Dogecoin just broke out of a three-year consolidation period. This will lead DOGE to a massive rally, but there will be short correction periods in between.  Another analyst, Kevin Capital, reiterated this stance in a post on X. He claimed that Dogecoin, the most explosive yet, is still ahead. According to him, if DOGE holds its price level and RSI, it will continue its rally with it going stronger. Yet, another notable trader has resounded this $1 optimism. If DOGE keeps surging per the predictions, it could soon rise to $1. However, it must break past the resistance at $0.43 and $0.49 before surging further. If DOGE touches $1, will it keep rising or see a strong pullback?

DOGE at $1: Will It Hold or Pull Back?

Dogecoin’s current rally can see it reach the $1 psychological mark. However, it’s hard to predict if it will stay strong above $1 or see a retracement, as many factors could work for or against it. The major factors fueling DOGE’s rise are the fear of missing out (FOMO), Elon Musk’s influence, whale activities, and BTC’s surge. If FOMO remains and whales keep buying, it will fuel bullish sentiment. Similarly, Elon Musk’s recent posts have led to a two-digit surge for DOGE. His continuous influence can also spark a frenzy, leading to more gains. Also, BTC will have to maintain its uptrend with the market remaining positive for Dogecoin to stay above $1 and surge further. If these fail, DOGE could lose the support at $1 and fall below, retracting its gains. Investors must remain cautious as DOGE relies on hype and speculation. Thus, it could fall sharply.

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Rexas Finance: A Real-World Value Asset, Not a Speculative Coin

Rexas Finance (RXS) stands out as a cryptocurrency with true value, breaking away from the trend of speculative assets. Unlike meme coins like Dogecoin, which rely heavily on hype, Rexas Finance focuses on tokenizing real-world assets like real estate, commodities, artwork, and collectibles. This unique approach gives everyday investors access to assets that are typically hard to trade because of their high cost. These assets are converted into digital tokens through tokenization, making them available in smaller fractions. Also, Rexas Finance can solve other problems associated with traditional assets. These include accessibility, liquidity, transparency, and fraud. Blockchain technology makes them more liquid and globally accessible and increases security. Rexas Finance’s utility extends to its ecosystem, which features state-of-the-art asset tokenization, trading, and management tools. These include the Rexas Token Builder, which simplifies asset tokenization; Rexas Launchpad, a platform for raising and managing startup fundraising; and Rexas GenAI, which creates high-quality digital artworks.    

RXS to $10: Higher Gains Than DOGE

RXS started at just $0.03 in its first presale stage, and now the token has grown quickly to $0.10 in its eighth stage, with an anticipated listing price of $0.20. This means early investors could see a return of up to 566%. Even those joining now can benefit significantly as the project gains momentum. Upon its launch, experts have predicted it could surge explosively, going as high as $10 in 2025. Dogecoin, on the other hand, depends on hype, making it more volatile. Rexas Finance sets itself apart by offering real-world value and a clear roadmap for growth. It recently completed its Certik audit, which has assured investors of the project’s security, leading to the potential for long-term success.   Rexas Finance has gained reputation and investors’ confidence after raising more than $17 million during its presale and listings on major tracking sites such as CoinMarketCap and CoinGecko. Three main exchanges will also list the coin once it launches, therefore extending its reach and establishing it as a prominent player in the market.

Conclusion

Dogecoin’s strong rally indicates that it might soon skyrocket to $1. However, factors like whale activities, FOMO, Elon Musk’s influence, the BTC surge, and the general market momentum will determine whether it will stay above $1 or retrace its steps. Meanwhile, Rexas Finance has a stronger potential to book higher gains in 2025 and beyond. RXS’s price will go from $0.03 to $0.20 when it goes live, leading to a 566% gain. Experts also think it will go up to $10 or more in 2025. Rexas Finance is giving away a million dollars right now. Twenty lucky winners will each get fifty thousand dollars, so you can enter to win if you sign up now.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

 

 

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1 12, 2024

Pound to Dollar December Forecast: Trump Trade but Upside Still Expected

By |2024-12-01T19:43:11+02:00December 1, 2024|Forex News, News|0 Comments

December 1, 2024 – Written by James Fuller

After an initial retreat to below 1.25, Bank of America (BoA) expects the Pound to Dollar exchange rate (GBP/USD) to strengthen to 1.38 at the end of 2025 with a further surge to 1.49 at the end of 2026.

ING, however, expects dollar strength to dominate and has a 12-month GBP/USD forecast of 1.24.

After posting gains for 8 successive weeks, the dollar succumbed to profit taking during the week.

In this context, position adjustment ahead of the Thanksgiving Holiday was a key factor.

Seasonal factors could play a significant short-term role.

Danske notes the risk of near-term dollar losses; “December has historically been the most bearish month for the broad USD, with an average monthly decline of 0.8%.”

There were no major US data releases during the week, but policy expectations surrounding a Trump Administration remained a key talking point.

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Trump threatened to impose tariffs of 25% on imports from Mexico and Canada on day one of the new Administration which rattled markets.

According to ING; “Investors and corporate treasurers think they know what Donald Trump will mean for the dollar, having seen this film before in 2018-2019. European FX in particular looks the most vulnerable.”

Nordea expects upward pressure on yields; “We think strong economic activity and inflation above 2% inflation combined with an increasing budget deficit could move the US 10-year government rate back up toward 5% from its current level at 4.40%.”

The bank added; “It is hard to know how much the currency will offset the next iteration of tariffs, but we think that it could lead to a substantial appreciation of the dollar. This makes us more comfortable with our bullish dollar forecast.”

It sees a risk of GBP/USD trading below 1.20 next year.

Rhetoric from Bank of England officials maintained expectations of a very cautious stance and only slow interest rate cuts.

BoA expects the dollar will fail to hold initial gains and is bullish on the Pound.

On Sterling, it commented; “Heading into the new year, we have made some adjustments to our GBP profile to highlight our conviction that further upside is likely over the medium-term.”

As far as the dollar is concerned it noted; “Our baseline assumes that the USD will remain strong in the first half of next year, on the back of US tariffs, resilient US economy, and Fed stopping rate cuts early.”

The bank, however, expects that the dollar will retreat later in the year. It added; “This assumes that the US economy eventually resumes its landing, with some of the negative implications of trade protectionism also taking hold.”

HSBC maintains a bullish medium-term dollar stance; “In our opinion, the case for USD strength through 2025 is robust. It is based on expectations of fiscal stimulus and heightened import tariffs that together may slow the pace of Fed easing and keep interest rates elevated.

It added; “If the rest of the world is still languishing, at least in relative terms, then the USD is likely to remain strong.”

HSBC is, however, cautious over near-term trends; “Despite our belief in a strong USD through next year, we are a little wary of just how quickly it has strengthened.”

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1 12, 2024

XRP Price Prediction: Can XRP Reclaim Its ATH as New Cryptos Fuel Whale Activity?

By |2024-12-01T19:40:35+02:00December 1, 2024|Crypto News, News|0 Comments

Many analysts suggest altcoin season is upon us, and some of the top beneficiaries of this sentiment include Ripple (XRP). This is despite struggling for an extended part of the year due to its ongoing lawsuit against the US Securities and Exchange Commission (SEC). 

Recent developments have turned around its fortunes, causing an optimistic XRP price prediction that looks to surpass its all-time high (ATH) price of $3.84 this year. Interestingly, new crypto Rollblock has been giving XRP a run for its money, too. Its revolutionary platform has raised over $6.3 million in its presale. Let’s find out if Rollblock is a viable alternative for XRP investors. 

XRP rallies as collaborations intensify 

XRP is one of the top-performing altcoins of the month. The token is on the run, surging by over 230% in the past month alone. Not many coins can boast such an increase despite broader bullish movements in the crypto market. 

The increased XRP interest and whale accumulation are largely due to other altcoins picking momentum after its strategic partnerships, including one with the Reserve Bank of India to test the Digital Rupee using XRP Ledger.  

Moreover, there’s news of a potential launch of Ripple exchange-traded funds (ETFs) in 2025, which will cause more institutional interest in the altcoin. 

Ripple poised for bigger gains after SEC resolution 

One of the setbacks to Ripple this year is its SEC lawsuit. With investors uncertain how that would pan out, the XRP token experienced massive selling pressure. However, following Donald Trump’s election and SEC Chair Gary Gensler’s decision to resign, there are rumours that the Ripple case can finally be resolved. 

These speculative conversations have turned around investor sentiment, causing massive whale accumulation of XRP. The Ripple price is now around $1.84, and the positive XRP price prediction suggests it’s on course to set a new ATH soon. 

Rollblock is a worthy alternative for XRP investors 

While XRP is showing solid possibilities, a new crypto called Rollblock (RBLK)  has also been causing FOMO among investors. The hot token is experiencing massive whale interest, which is evident in its ongoing presale, having raised over $6.3 million in extremely short time. 

The heightened interest in Rollblock before its launch is partly due to its exciting features, including its online gaming platform set to revolutionize the industry. Another reason is its unique technology, infusing decentralized finance (DeFi) earning possibilities into its offerings. 

Crypto investors will also be interested to know that Rollblock is one of the few platforms with a verifiable and transparent revenue-sharing system. This allows players and RBLK holders to get a share of the operator’s weekly revenue as passive income. 

They can either play games with the extra tokens or lock them up for staking rewards up to 30% annual percentage yield (APY). On top of these, there’s a rakeback system for active players to earn daily, weekly, and monthly rakeback bonuses to get a cut of their losses back. 

Conclusion 

Rollblock has already surged by over 200% during its presale, proving itself a worthy contender as the new altcoin of the year. The Rollblock presale is still live, with each token valued at a discounted price of $0.037. Now is a good time to lock in some RBLK tokens before a price increase in the next stage. 

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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1 12, 2024

Five Common Drugs That May Increase Cancer Risk

By |2024-12-01T17:40:11+02:00December 1, 2024|Dietary Supplements News, News|0 Comments


Concerns have once again been raised about the potential health risks associated with common medications and supplements that many people use.

Psychiatrist Dr. Yalda Safai told DailyMail.com about five drugs that require careful consideration regarding their risks and benefits due to an increased risk of cancer.

1. Birth control pills

Hormonal birth control may increase the risk of breast cancer due to artificial hormone levels, although it may lower the risk of ovarian cancer by reducing ovulation. It’s crucial for anyone considering these pills to discuss their family history of cancer with a healthcare provider.

2. Generic cold medications

Another area of concern highlighted by Dr. Safai is generic versions of over-the-counter cold medications, which were found to contain benzene, a known carcinogen linked to blood cancers like leukemia.

Although the FDA has announced plans to eliminate benzene from pharmaceuticals by 2026, Dr. Safai warns that users should be cautious of their drug choices, as benzene exposure is also found in various everyday products, including some hand sanitizers.

3. Ranitidine, brand name Zantac

Dr. Safai also mentioned ranitidine, better known as Zantac. This over-the-counter heartburn medication was recalled in 2020 after investigations revealed high levels of a cancer-causing contaminant called N-Nitrosodimethylamine. Although Zantac is no longer available for sale, it could still be present in some people’s medicine cabinets. She suggests using alternatives like Pepsin instead, which do not carry the same risks.

4. Supplements

The lack of regulation in dietary supplements poses significant health risks.

Dr. Safai advised against taking supplements unless absolutely necessary, as they often contain untested and potentially harmful ingredients. She mentioned past incidents where contaminants, such as lead and arsenic, were found in supplements, underlining the importance of knowing what is truly in these products before consumption.

5. Hormone replacement therapy (HRT)

Dr. Safai included hormone replacement therapy (HRT) in her list of recommendations, commonly prescribed to millions of women to alleviate menopause symptoms like hot flashes, night sweats, and vaginal dryness by increasing estrogen and progesterone levels.

Similar to birth control pills, HRT can elevate the risk of certain cancers, particularly a slight increase in breast cancer risk, as noted by Dr. Ashwin Sharma from ZipHealth and MedExpress.

Dr. Sharma emphasized the dual nature of HRT, which also appears to lower the risk of other types of cancer, including esophageal cancer.

The takeaway

It is essential to weigh the risks and benefits of any treatment, as the way risks are communicated can often be misleading. Consult with your doctor before stopping any prescribed medication.



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1 12, 2024

Solana Price Prediction for December 2024: Buy, Sell, or Hold SOL This Month?

By |2024-12-01T17:38:56+02:00December 1, 2024|Crypto News, News|0 Comments

Solana has been producing significant disturbance in the cryptocurrency market, with its price reaching an all-time high of $265 on November 23, 2024. Key forces underpinning this spike in Bitcoin’s price toward the $100,000 mark and rising excitement for meme currencies have been changing dynamics. Right now, Solana is trading at $241; over 24 hours, this shows a 4.42% growth. One wonders whether Solana is a buy, sell, or hold this December, though, given so much of the crypto market still revolves around Bitcoin’s climb. Solana shows solid expectations, but investors should also pay attention to fresh opportunities with better short-term returns.

Solana’s Outstanding DEX Activity and Market Position

With daily trade volumes on its decentralized exchanges (DEXs) exceeding $6 billion, Solana has firmly established itself in the distributed finance (DeFi) ecosystem, having a 45% market share. This remarkable activity confirms Solana’s status as a main rival of Ethereum and other big platforms such as Polygon and Binance Coin (BNB). Its record-breaking $318 billion transfer volume shows how important low transaction costs and high throughput have been in this success. This has drawn the attention of analysts, who project an ongoing increase in Solana’s DeFi market share. Solana’s Total Value Locked (TVL) as of yet is $9.35 billion, higher than that of BNB Chain at $6.21 billion. Still, the coin is running against resistance levels that might affect future progress. While a breakout above these levels might drive Solana into new territory, analysts caution that the Relative Strength Index (RSI) indicates the coin may be approaching overbought conditions. Key resistance points are noted around $271 and $309. Before the next surge, there could be a phase of possible stabilization.

Although Solana’s performance right now is impressive, market risks still exist. The coin finds itself at a crossroads, its price almost reaching critical resistance levels that would guide its future action. Should Solana be able to transcend these tiers, she may experience more benefits, but a price adjustment is also feasible. The market is still erratic; hence, overbought circumstances could lead to some temporary declines. Notwithstanding this, experts have high expectations for Solana’s general course; by December 25, 2024, they project an 8.70% rise. For Solana holders, the next months could present considerable upside potential; yet, investors should exercise caution regarding possible market corrections and consolidation. If you are seeking a high-growth prospect, you could want to give some thought to other investments with more possibility for development.

Click Here To Buy Rexas Finance (RXS) Presale

Rexas Finance (RXS): An Attractive Substitute?

Solana shows potential for meager gains this December, but analysts think Rexas Finance might offer more significant profits. Launched in September 2024, Rexas Finance has already seen a startling 233% rise in its token price; analysts project more development. Rexas Finance distinguishes itself by offering a novel platform that lets users tokenize everything from real estate to intellectual property, with a heavy focus on actual asset tokenizing. Among investors seeking long-term value, this emphasis on practical use cases makes it preferred. The presale journey of Rexas Finance has been amazing, moving through eight phases free of venture capital participation. It is in stage 8, 88.29% complete as of writing. With a current token price of $0.10 and total money raised of more than $17 million, the platform shows great development possibilities. With over 320,000 entries as of yet, Rexas Finance’s $1 million RXS token giveaway has also attracted a lot of attention and increased the price of its native RXS token, therefore stimulating interest.

Rexas Finance appeals especially to me because of its emphasis on real-world asset tokenization—a sector with unrealized potential for exponential development. Rexas Finance is ready for its maiden bull run after the recent listing on CoinMarketCap and CoinGecko and the completion of its Certik audit. Rexas Finance presents a notable upside over Solana’s quite conservative projection for investors seeking a more aggressive investment possibility.

If you invest $100 in Solana at its current price of $241, you may expect a return of over $8.70 by the end of December 2024, depending on the projected 8.70% gain. Given the great development possibilities, buying $100 in Rexas Finance at $0.10 might yield returns of over 80%, or $180 by December.

Conclusion

Although Solana is still a strong competitor in the Bitcoin space, businesses like Rexas Finance have more promise for bigger rewards since they are positioned to seize unexplored markets. Rexas Finance’s creative approach to asset tokenization, together with its outstanding presale success and massive giveaway initiative, make it a more attractive investment for those wishing to profit from the explosive growth in the next months as Solana battles with resistance levels and possible consolidation. Rexas Finance might be the more profitable choice if you are thinking about investing this December.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

 

 

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