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25 11, 2024

BTC, ETH and XRP Price Prediction for November 25

By |2024-11-25T16:04:34+02:00November 25, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Most of the coins have come back to the green zone after a slight correction, according to CoinMarketCap.

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Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has risen by 1% over the last 24 hours.

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Image by TradingView

On the daily chart, the rate of BTC is looking bullish again. If the candle closes near the resistance of $99,100 or above, traders may witness a test of the new all-time high by the end of the week.

Bitcoin (BTC) is trading at $98,274 at press time.

ETH/USD

Ethereum (ETH) is more of a gainer than BTC, going up by 4.12% since yesterday.

Article image
Image by TradingView

From the technical point of view, one should pay attention to the daily bar closure in terms of the nearest level of $3,497. 

Related

DOGE Price Prediction for November 24

If the candle closes far from it, there is a possibility to see a correction to the $3,400 range soon.

Ethereum is trading at $3,472 at press time.

XRP/USD

XRP is not an exception to the rule, growing by 6.41%.

Article image
Image by TradingView

On the daily time frame, the rate of XRP is again testing the nearest level of $1.50. If it breaks out, the accumulated energy might be enough for an ongoing upward move to the $1.60 area.

XRP is trading at $1.478 at press time.

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25 11, 2024

The Platforms Becoming the AWS of Web3

By |2024-11-25T15:35:34+02:00November 25, 2024|News, NFT News|0 Comments


The convergence of decentralized finance (DeFi) and traditional finance (TradFi) we are witnessing today was not a foregone conclusion. Initially, traditional financial institutions viewed decentralized upstarts with frosty skepticism, as much of the formative DeFi narrative focused on disrupting legacy players. But over time relations warmed and the two explored greater opportunities for cooperation.

Today both financial sectors are hyper-focused on the practicalities of bridging centralized and decentralized systems and a robust infrastructure layer is emerging, opening the door to greater institutional participation onchain. A number of web3-native companies are driving this trend, creating the AWS-like infrastructure for institutional adoption to accelerate.

The success story of Amazon’s retail empire is commonly known, but the tale of AWS is less familiar despite being arguably even more transformative.

How AWS Changed Everything

In the early noughties, Amazon CEO Jeff Bezos noted his software engineers were continually facing the same sticking points in each development cycle as Amazon’s retail empire scaled and new features rolled out. Engineers’ time and effort were wasted developing the infrastructure layers and storage systems rather than the feature itself.

The solution was to build a common infrastructure layer. From 2003 to 2006 Amazon set about creating its web services business, and cloud computing was thrust into the mainstream.

For its clients, AWS and its cloud computing services ushered in a new era of on-demand scalability and cost efficiency. Before AWS, each online business or service would need excess (and often redundant) computing capacity to meet peak demand. Now, that same operational requirement could be outsourced. AWS proved highly scalable and reliable, supporting clients with a comprehensive and powerful suite of service tools.

Applying the AWS Model to Web3

Trading protocol Orderly Network is among the projects making inroads in TradFi. Built on NEAR initially before going omnichain, it operates as a backend service across decentralized platforms, with deep liquidity and powerful trading tools. Its key features include Orderly Omnichain, an institutional-grade order book supporting all major EVM chains, and Orderly Omnichain SDK, a toolkit empowering developers to access Orderly’s APIs, account management capabilities, and smart contracts.

Fireblocks is another leader in the space, providing applications and tools for developing crypto payment solutions. Its treasury management system employs a direct custody model so users retain control. It also streamlines settlement and automates workflows, eliminating the need for repetitive manual approvals.

Elsewhere, the trading infrastructure built by Talos enables the safe, secure, and seamless trading of digital assets, while Copper offers prime brokerage, collateral management, and custody services.

Empowering Institutional Investors to Do DeFi

DeFi now offers institutional investors the same high-tier functionality available in traditional finance. For instance, security is woven into Fireblocks’ infrastructure. Transactions can be screened in real-time according to adaptable compliance policy rules, allowing each Fireblocks client granular compliance control. AML is served by Know Your Transaction (KYT) protocols preventing interactions with risky wallets.

Trading platform Talos offers advanced risk management across spot, perp, futures, and options markets. Orderly Network offers deep liquidity pools with support from professional market makers. Since launching in 2022, it’s supported $65 billion in transactions via its decentralized liquidity layer.

Meanwhile, Copper prioritizes security by adhering to international standards including NIST Cybersecurity Framework, ISO 27001, and SOC2. The protocol is further supported by a 24/7 operations center and the joy of regular penetration testing.

Bridging TradFi and DeFi

Thanks to the efforts of institutional-grade platforms such as Orderly Network, Fireblocks, Talos, and Copper, it is now increasingly possible to integrate decentralized and traditional financial systems.

Hybrid CeDeFi protocols, where CeDeFi means a blending of centralized and decentralized systems, make it possible to work with traditional and crypto assets simultaneously. And since DeFi now provides backend solutions incorporating comprehensive APIs and SDKs, the platforms built upon them can have granular customization options. 

Comprehensive DeFi Infrastructure

A comprehensive DeFi infrastructure is closer today than ever. Orderly Network’s shared order book technology incorporates liquidity from multiple sources, offering liquidity deep enough to support spot and perpetual future markets. This backend solution now supports at least 17 independent decentralized exchanges. 

While Orderly Network offers deep liquidity, multichain solutions such as Axelar and LayerZero solve decentralized fragmentation by enabling cross-chain transactions, and market-making tools including 0x Protocol offer powerful APIs to secure settlement of digital assets in web3. Combined these systems create a comprehensive DeFi infrastructure to usher in institutional adoption.

The success of these platforms can be measured by the institutions leveraging them. Talos is integrated with 60 service providers worldwide including CME, Cboe, Binance, Coinbase, and Cumberland. Fireblocks is used by Temenos, Avaloq, and FIS. Copper powers services for State Street Digital and the hedge fund Promontory Technologies.

While DeFi has entered the institutional fold and vice-versa, decentralized solutions still retain a unique flavor that sets them apart. DeFi remains highly accessible, borderless, cost-efficient, and transparent thanks to blockchain technology.

Challenges in Institutional DeFi Adoption

TradFi may be moving to embrace decentralized systems, but challenges still need to be met. Due to the decentralized nature of blockchain technology, questions about regulation and compliance have had to be answered. Traditional KYC and AML solutions are not so easily applied to DeFi, necessitating innovative new solutions.

The lack of intermediaries in blockchain also increases the risk profile. Banks and other centralized financial services have customer safety features, allowing them to query and reverse transactions, while DeFi transactions are permanent. Historically, DeFi has lacked these guardrails and oversight.

Lastly, decentralized systems introduce new complexities and fragment liquidity across blockchains. To truly integrate into the TradFi world these problems need solutions.

The Future of Institutional DeFi

Institutional involvement means DeFi is now a credible force in finance. As decentralized infrastructure’s integrity, reliability, and robustness have improved, it has become more trustworthy.

This encourages further institutional involvement, resulting in a positive feedback loop. With institutions now actively engaging in DeFi, further expansion into decentralized systems is inevitable.

There are still some regulatory hurdles for DeFi to leap, but there are promising signs here too. Thanks to significant lobbying efforts of the industry during the U.S. presidential election, a more favorable political climate is beginning to emerge in North America. If this leads to a lighter-touch regulatory environment as many expect, innovation and competition in the space will also increase. 

DeFi is now at a key stage in its evolution as decentralized protocols mature. A number of projects have emerged to provide AWS-style services that will elevate the onchain landscape to new heights and support greater institutional adoption.



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25 11, 2024

GBP/USD Forecast: Trump’s Treasury Choice Boosts Dollar

By |2024-11-25T14:06:17+02:00November 25, 2024|Forex News, News|0 Comments

  • Dollar bulls cheered Trump’s pick for US Treasury Secretary.
  • Market participants are awaiting the FOMC meeting minutes.
  • Data on Friday revealed a sharper-than-expected slowdown in the UK economy.

The GBP/USD forecast suggests further dollar strength after Trump picked Scott Bassent as the next US Treasury Secretary. Meanwhile, due to downbeat economic data, the pound remained fragile after reaching a six-month low on Friday. 

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The greenback regained strength on Monday as bulls cheered Trump’s pick for US Treasury Secretary. After Trump’s win, Scott made remarks supporting a stronger dollar and the proposed import tariffs. Therefore, traders believe he will be bullish for the dollar. 

Meanwhile, market participants are awaiting more clues for future Fed moves. On Tuesday, the US will release the FOMC meeting minutes, which might shed more light on the December meeting. The meeting came soon after Trump won the election and shifted the outlook for the US economy.

Consequently, policymakers might have assumed a more cautious tone, leading to a decline in Fed rate cut expectations. Currently, markets are pricing a 52% chance of a cut in December. Hawkish minutes might lower this likelihood below 50%, further boosting the dollar.

Meanwhile, the pound was frail after data on Friday revealed a sharper-than-expected slowdown in the UK economy. Notably, retail sales fell by 0.7%, more than the expected 0.3% decline, showing weak consumer spending.

Meanwhile, PMI data showed an unexpected decline in business activity in the manufacturing and services sectors. The manufacturing PMI came in at 48.6, compared to estimates of 50.0. The services PMI was 50.0, below forecasts of 51.9. The downbeat economic data might pressure the Bank of England to cut interest rates. 

GBP/USD key events today

Market participants do not expect any key reports from the UK or the US today. Therefore, they will continue to absorb US political developments.

GBP/USD technical forecast: Bearish momentum surges after 30-SMA retest 

GBP/USD Forecast: Trump’s Treasury Choice Boosts Dollar
GBP/USD 4-hour chart

On the technical side, the GBP/USD price is collapsing after retesting the 30-SMA resistance. At the same time, the RSI is falling far below the 50 mark, indicating stronger bearish momentum. Initially, the downtrend paused at the 1.2500 support level, where the RSI made a bullish divergence. 

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The price gapped up as it revisited the 1.2600 resistance and the SMA. After that, bears took back control with a solid candle. Given the strong bearish bias, the price might soon retest the 1.2500 support level and likely break below.

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25 11, 2024

Air pollution: 7 healthy teas for lung health

By |2024-11-25T14:04:27+02:00November 25, 2024|Dietary Supplements News, News|0 Comments


With air pollution on the rise, it is more important than ever to take care of our lungs. Here are 7 healthy teas for lungs that can help support respiratory health naturally.

With air pollution levels in Delhi reaching a severe 400 AQI and beyond, its impact on health cannot be ignored. The toxic air, filled with harmful particles, affects everyone, triggering a range of respiratory issues such as coughing, wheezing, and shortness of breath. Breathing in this polluted air is especially difficult for people with asthma or other respiratory conditions. So, how can we protect our lungs from air pollution? While it is essential to minimise exposure to pollution whenever possible, one simple yet effective solution might be teas for lungs. Packed with antioxidants and anti-inflammatory properties, many teas can ease the strain on your lungs, soothe clear congestion, and promote better respiratory health amid pollution.

Teas for lungs: How is it good for respiratory health?

Drinking teas for lung health can be beneficial as they can help in reducing inflammation, clearing mucus, and promoting overall respiratory health. Many teas, such as green tea, ginger tea, and eucalyptus tea, contain compounds that act as natural expectorants, helping to expel mucus and improve airflow. They also possess anti-inflammatory and antioxidant properties, which protect lung tissue from damage caused by pollution and oxidative stress. What’s more? Drinking teas for lungs regularly can relax your respiratory muscles, reduce congestion, and provide relief from symptoms of asthma or bronchitis.

7 healthy teas for lungs

Here are 7 healthy teas for lungs that can support your overall respiratory health:

1. Black tea

Black tea is one of most popular morning teas for lung health and well being. As per a study published in the journal Nutrition, it contains polyphenols, such as theaflavins and catechins, which are potent antioxidants. These compounds help protect lung cells from oxidative damage caused by environmental toxins. Apart from its rich flavour and antioxidant properties, black tea also possesses anti-inflammatory properties that can help improve lung function and reduce inflammation in the respiratory system. Drinking a cup of black tea can also provide a boost of caffeine that may also provide a mild stimulant effect, supporting lung health.

Black tea is healthier than tea with milk. Image courtesy: Freepik

2. Green tea

Green tea is well-known for its wide range of health benefits, including its ability to support and protect lung health. Rich in catechins, a powerful antioxidant, green tea helps reduce inflammation and protects lungs from oxidative damage. A 2018 study published in the Journal of Nutrition found that over 1,000 adults in Korea, who drank at least two cups of green tea daily, experienced better lung function compared to those who consumed none. Additionally, research suggests that the anti-inflammatory properties of green tea can help alleviate symptoms of asthma, chronic bronchitis, and other respiratory conditions, such as chronic obstructive pulmonary disease (COPD). Green tea is undoubtedly one of the best teas for lungs, offering a natural way to enhance respiratory health.

3. Peppermint tea

Peppermint tea, made from the leaves of the peppermint plant, is not only refreshing but also offers various benefits for the respiratory system. The active compound in peppermint, menthol, has bronchodilator properties, which means it can help relax the muscles around the airways, making it easier to breathe. Research published in the Frontiers in Immunology highlighted that menthol has anti-inflammatory and analgesic effects, helping to reduce throat irritation and inflammation in the respiratory tract. For those living in polluted cities, peppermint tea can help clear nasal passages, reduce congestion, and improve airflow, reducing symptoms of wheezing or shortness of breath.

4. Ginger tea

Ginger is known for its anti-inflammatory and antioxidant properties. It is particularly beneficial for lung health, as it can help reduce inflammation in the airways and prevent oxidative stress. A study published in the Turkish Journal of Medical Sciences found that ginger extract could reduce inflammation in the lungs and protect against damage caused by air pollution. The active compounds in ginger, particularly gingerol, are known to inhibit inflammatory cytokines, which play a role in respiratory conditions such as asthma and COPD. Ginger tea for lungs can also help to loosen mucus and clear congestion, making it easier to breathe.

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5. Licorice root tea

Licorice root has been used for centuries in traditional medicine to treat respiratory conditions, including coughs, sore throats, and bronchial infections. It has anti-inflammatory and expectorant properties, making it an excellent choice for improving lung health and combating the effects of air pollution. A study published in Current Therapeutic Research, Clinical, and Experimental found that licorice root extract contains the compound glycyrrhizin, which is known to relieve symptoms of asthma, suppress inflammation, and protect the lungs from oxidative damage caused by pollutants. However, it is important to use licorice root in moderation and after consulting the doctor, as excessive consumption can lead to high blood pressure or potassium imbalances.

6. Eucalyptus tea

Eucalyptus tea is an effective herbal tea that improves respiratory health. The leaves of the eucalyptus tree contain a compound called eucalyptol, which has powerful antimicrobial and anti-inflammatory properties. A study published in Frontiers in Immunology found that eucalyptus oil can help open the airways, improve lung function, and reduce the severity of asthma symptoms. Drinking eucalyptus tea for lungs regularly can help clear congestion, soothe irritated lungs, and reduce inflammation in the airways caused by exposure to air pollution. It can also ease symptoms of respiratory conditions like bronchitis and the common cold.

7. Mullein tea

Mullein tea, made from the flowers and leaves of the mullein plant, has been used for centuries to treat ailments such as chronic cough and cold, and even asthma. A study published in Toxicology and Applied Pharmacology found that mullein can help alleviate asthma symptoms by reducing airway inflammation, which leads to coughing, wheezing, and shortness of breath. Known for its natural expectorant properties, mullein tea for lungs helps loosen and expel mucus from the lungs, making it especially beneficial for those suffering from chronic coughs or difficulty in breathing due to pollution. It can also reduce irritation in the respiratory system and help clear out accumulated mucus.

Mullein tea
It is great for soothing irritated lungs and supporting respiratory health. Image courtesy: Adobe Stock

Frequently Asked Questions (FAQs)

1. Can teas cure respiratory diseases like asthma or COPD?

While consuming teas for lungs cannot cure conditions such as asthma or COPD, they can provide relief by easing symptoms, reducing inflammation, and improving breathing. They should be used as a complement to prescribed medical treatments, not as a substitute.

Also read: Having breathing issues? Air pollution might be triggering your asthma

2. How often should I drink tea for lung health?

Drinking one to two cups of tea for lungs in a day can be beneficial. However, it is important to listen to your body and consult a doctor.

3. While drinking tea for lung health is beneficial, are there any side effects?

Most teas are safe, but some herbs, like licorice root, should be consumed in moderation. Excessive consumption can lead to side effects such as high blood pressure. Always consult a healthcare provider if you are uncertain, especially if you have underlying health conditions. It is essential to choose the right teas for lungs based on your specific health needs.



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25 11, 2024

Bitcoin, Ethereum and Solana Price Predictions Are Being Outshone By What Experts Are Forecasting For This Altcoin

By |2024-11-25T14:03:20+02:00November 25, 2024|Crypto News, News|0 Comments

SPONSORED POST*

The recent rallies for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) may be making the biggest headlines, but seasoned crypto investors know that top altcoins are where the real gains are made. That is why the latest forecasts for crypto casino Rollblock (RBLK) are drawing so much attention. This rapidly expanding bull cycle has experts forecasting at least 100x growth for RBLK tokens when the crypto presale ends.

Crypto Flagship Bitcoin Drags Industry Higher on Trump Win 

The Bitcoin price had been stuck in range-bound trading for months before Trump’s election win sent it soaring higher. Bitcoin is now up more than 40% this month after breaking through its previous upper range.

Bitcoin is considered the flagship for the entire industry. Therefore, Trump’s pro-crypto policies are expected to benefit the Bitcoin price. This Bitcoin rally shows no sign of stopping and will continue to drag the whole industry higher.

Ethereum Rally Only Brief Respite From Layer 2 Blockchain Issue 

The most recent crypto rally has been the only relief for the Ethereum price in the second half of 2024. However, Ethereum is still lagging the overall market with only 25% growth this month.

The Ethereum price has been sliding as it struggles with Layer 2 blockchains taking most of the revenue from its ecosystem. Ethereum relies on Layer 2 blockchains to solve its scaling problem. However, this reliance has grown to become a drag on Ethereum’s growth.

Solana On Track for Largest Layer 1 Blockchain Ecosystem

The Solana price was already roaring higher in 2024 before this recent rally sent it even higher. This month’s 60% rally brings Solana’s 2024 growth to over 150%.

The impressive growth in the Solana price has been the product of its unique architecture, allowing it to scale without outside support. Solana is now the top-performing Layer 1 blockchain by many metrics. Solana’s growth is expected to continue as it eyes the largest Layer 1 blockchain ecosystem spot.

Rollblock’s Tokenomics Drives Staggering Growth Forecasts

The price predictions for Bitcoin, Ethereum and Solana have all been outshone by the growth that experts have forecasted for Rollblock. This top altcoin is taking aim at the $545 billion gambling industry with a revolutionary take on tokenomics.

Rollblock’s tokenomics has an aggressive growth focus that is driven by buybacks. Rollblock uses its own revenue to perform these buybacks, which it then either uses as staking rewards or burns. The result of this process is a unique gambling token that pays the holder regardless of their luck at the tables.

Rollblock’s GambleFi platform is already an established success with 7,000 provably fair casino games and hundreds of fresh registrations each day. The launch of Rollblock’s gambling token is forecasted to supercharge its rate of player growth and send its tokens more than 100x higher when its crypto presale ends. 

RBLK tokens are currently selling for $0.036 in the presale’s eighth stage. With tokens selling out fast, $RBLK is not expected to stay this low much longer. 

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 *This article was paid for. Cryptonomist did not write the article or test the platform.

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25 11, 2024

Euro struggles to turn bullish despite opening higher

By |2024-11-25T12:05:50+02:00November 25, 2024|Forex News, News|0 Comments

  • EUR/USD opened higher after closing the previous week deep in the red.
  • The technical outlook is yet to point to a buildup of bullish momentum.
  • Improving risk mood could help the pair stretch higher.

EUR/USD lost more than 1% for the third consecutive week but opened with a bullish gap on Monday. The pair, however, retreats slightly after testing 1.0500 and the technical outlook shows a lack of bullish momentum.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.30% -0.36% 0.29% 0.08% -0.05% 0.17% -0.05%
EUR 0.30%   -0.23% -0.02% -0.21% 0.17% -0.12% -0.33%
GBP 0.36% 0.23%   0.21% 0.02% 0.42% 0.12% -0.10%
JPY -0.29% 0.02% -0.21%   -0.20% 0.09% -0.05% -0.15%
CAD -0.08% 0.21% -0.02% 0.20%   0.02% 0.10% -0.16%
AUD 0.05% -0.17% -0.42% -0.09% -0.02%   -0.28% -0.50%
NZD -0.17% 0.12% -0.12% 0.05% -0.10% 0.28%   -0.22%
CHF 0.05% 0.33% 0.10% 0.15% 0.16% 0.50% 0.22%  

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

News of president-elect Donald Trump nominating fund manager Scott Bessent as the US Treasury Secretary caused US Treasury bond yields to decline sharply at the weekly opening, making it difficult for the USD to find demand.

Assessing Bessent’s nomination, “Bessent, a hedge fund CEO, is known to be a fiscal hawk, so this should ease some of the more extreme deficit fears as he has advocated a 3% deficit by 2028,” said Deutsche Bank analysts. “In practise that will be extremely tough but for now the market can be a bit relieved. He is also thought to be less extreme on trade policy than some of his rivals for the job.”

In the meantime, US stock index futures are up about 0.5% in the European morning on Monday, highlighting a positive shift in risk mood. In case risk flows continue to dominate the action in financial markets after Wall Street’s opening bell, the USD could come under renewed selling pressure and help EUR/USD extend its recovery.

The European economic docket will feature IFO – Current Assessment and IFO – Business Climate figures for November. A significant decline in these business sentiment data could limit the Euro’s gains with the immediate reaction.

EUR/USD Technical Analysis

EUR/USD remains within a descending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart stays below 50 despite the bullish opening to the week. On the downside, 1.0450 (mid-point of the descending channel) aligns as immediate support before 1.0400 (round level) and 1.0360 (lower limit of the descending channel).

Looking north, first resistance could be spotted at 1.0500 (round level, static level) ahead of 1.0535 (50-period Simple Moving Average (SMA), upper limit of the ascending channel) and 1.0600 (round level, static level).

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro 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 then its currency will gain in value 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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25 11, 2024

David Beckham’s new supplement brand and other news from across the Nutraverse

By |2024-11-25T12:03:59+02:00November 25, 2024|Dietary Supplements News, News|0 Comments


USA: David Beckham co-launches supplement brand

Soccer legend David Beckham has partnered with health sciences company Prenetics to launch health and wellness brand IM8.

IM8’s products are reportedly formulated with the guidance of scientists from the Mayo Clinic, NASA, Yale University, Cedars-Sinai Medical Center, the University of Florida and the University of Connecticut.

“We wanted to create something that helps people to feel their best every day—and with IM8, we’ve done that,” stated Beckham in a press release. “We’ve brought together a world-leading team of scientists to create something unique and effective, and I’m excited to be able to share it with the world.”

IM8 unveiled two premium products last week, including Daily Ultimate Longevity to support healthy aging and cellular renewal for long-term vitality, and Daily Ultimate Essentials, an all-in-one powder engineered to replace 16 separate daily supplements.

To read the full story, click HERE.

Europe: Under 25s demand for collagen

Mintel’s data shows that beauty supplement usage is skewed towards younger consumers, which the firm said is most likely driven by the heightened pressures of wanting to look good in the age of social media, leading them to seek comprehensive inside-out beauty solutions.

According to Mintel consumer data, 34% of beauty supplement users look for collagen in beauty supplements, making it one of the most sought-after ingredients.

Mintel’s data also showed that 22% of adults who research ingredients that are used in the beauty/grooming products they buy associated collagen with giving long-lasting results, higher than other ingredients included in the research.

“This association likely translates into consumer interest in collagen ingredients in beauty supplements,” said beauty and personal care research analyst Shiyan Zering.

Click HERE to read the full article.

China: Botanical extract suppliers look to mitigate economic impact of potential US tariffs

According to a report in NutraIngredients-Asia, there are plans among China botanical extracts suppliers to build operations in Southeast Asia in a bid to bypass potential tariffs hikes under the new Trump administration.

Yinjun Hou, vice chairman of Shaanxi Plant Extract Association, said that some of their member companies have been adopting a wait-and-see approach since last year.

The election of Donald Trump as the new US president on November 5, however, is likely to send these plans into action.

Malaysia, Thailand, Vietnam, and Indonesia are the hotspots that some of China botanical extract suppliers are interested in, given their lower operating costs.



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25 11, 2024

Raoul Pal Says Most Wild Thing is That Dogecoin is Harder Money than Bitcoin, Expects DOGE to Outperform BTC

By |2024-11-25T12:02:16+02:00November 25, 2024|Crypto News, News|0 Comments

Market veteran Raoul Pal insists Dogecoin is harder money than Bitcoin, predicting the meme coin will continue outperforming the industry’s firstborn asset.

Pal made this assertion during a recent market analysis, in which he compared Dogecoin’s historical price performance with Bitcoin. Notably, Pal confirmed that Dogecoin has performed better than Bitcoin since its launch in December 2013.

Dogecoin Has Outperformed Bitcoin Since Launch

For context, Dogecoin debuted with a market price of $0.00056 in December 2013. However, the meme coin soared to a new peak of $0.0187 in January 2018 before retracing and consolidating for over two years.

Amid Elon Musk’s comments, Dogecoin skyrocketed to a new all-time high of $0.7390 in May 2021 during the bull run at the time. Following a correction in 2020 and early 2023, DOGE has now recovered some of its losses, having skyrocketed to the current price of $0.4270.

At the current price, Dogecoin has increased 76,150% since its debut in December 2013. Meanwhile, at the time, Bitcoin traded for $1,206. With the pioneering crypto asset now changing hands at $98,070, it is up 8,031% since December 2013.

This confirms DOGE has outperformed BTC within the same timeframe. Citing this shocking reality, Pal argued that Dogecoin, despite its inflationary model and meme coin nature, is harder money than Bitcoin. The market veteran predicts that DOGE could continue to perform better than BTC.

Raoul Pal Says Most Wild Thing is That Dogecoin is Harder Money than Bitcoin, Expects DOGE to Outperform BTC
Dogecoin Against Bitcoin | CoinMarketCap

Pal Believes DOGE Could Continue Outperforming BTC

He shared a DOGEBTC chart showing that DOGE has increased from 0.00000066 BTC in December 2013 to the current figure of 0.00000437, marking a 562% gain against Bitcoin since launch. Most recently, DOGE has also outperformed BTC by 90% amid the ongoing rally this month.

While Pal expects this trend to continue, he failed to present any specific price targets. However, data from the chart shows Dogecoin has recently broken out of a descending channel structure on the BTC chart amid the recent November gains, suggesting further upside is on the horizon.

DOGEBTC 1M Chart Raoul PalDOGEBTC 1M Chart Raoul Pal
DOGEBTC 1M Chart | Raoul Pal

Also, in a previous report, Pal asserted that Dogecoin was one of the next crypto assets to rally in a phase he calls the “Great Banana Rotation.” Should this occur, the meme coin could witness a massive upsurge similar to the 2021 rally.

Meanwhile, Arthur Hayes, founder and former CEO of BitMEX, is also bullish on meme coins such as Dogecoin. In a recent episode of the Alpha First podcast, Hayes argued that a Dogecoin rally to $1 is feasible. This would mark a 134% increase from current prices. Hayes also expects BTC to reach $100K this year and $250K next year.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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25 11, 2024

Taryn Kloth: Beach Volleyball player Bronze Medalist 2023 World Championship Believes

By |2024-11-25T11:38:18+02:00November 25, 2024|Fitness News, News|0 Comments


Photo: Bryan Malloch

“Dreams should scare you and if they don’t they are not big enough”

Taryn Kloth is an American beach volleyball player. She played with Kristen Nuss at the 2024 Summer Olympics in Paris. She is born at Sioux Falls, South Dakota, and studied at Creighton University and Louisiana State University.

Kloth attended O’Gorman Catholic High School in Sioux Falls, South Dakota. In her senior season, she had 558 kills, 314 digs, 90 block, and 41 aces, concluding her high school career with 1,137 kills, 744 digs, and two state volleyball titles. She was named the South Dakota Gatorade Player of the Year in 2014. Played two years of beach volleyball at LSU and four years indoors at Creighton.

She was named All-American, AVCA Pair of the Year and a perfect 36-0 in 2021 with Nuss at LSU. Won 2023 BPT La Paz Challenge – Gold with Kristen Nuss.

All-American Honorable Mention during final year at Creighton, led Blue Jays to NCAA Elite Eight as a junior Volleyball icon. Represented U.S. on Beach Collegiate National Team in 2020, and 2021. Indoor Collegiate National Team in 2017 and 2018.

Career podiums: Pro Beach Tour

12 medals – (7 gold, 3 silver, 2 bronze)

Honours
Women’s beach volleyball: Representing the United States

World Championships
Bronze medal – Third place: The 2023 Beach Volleyball World Championships was held in Tlaxcala, Apizaco, and Huamantla, Mexico from 6th to 15th October 2023.

Women Fitness President Ms. Namita Nayyar catches up with Taryn Kloth an exceptionally talented American Beach volleyball player, winner of 2023 BPT La Paz Challenge Beach Volleyball Championship Gold Medal; here she talks about her fitness routine, her diet, and her success story.

Taryn Kloth: Beach Volleyball player Bronze Medalist 2023 World Championship Believes

Namita Nayyar:

You were born in Sioux Falls, South Dakota in the US. You attended O’Gorman Catholic High School and then studied at Creighton University and Louisiana State University. You ended your high school career with 1,137 kills, 744 digs, and two state volleyball titles. This later propelled your career to the height where you have been at the top of the world as a beach volleyball player. Tell us more about your professional journey of exceptional hard work, tenacity, and endurance?

Taryn Kloth:

I started playing beach volleyball as a means to an end to get my MBA at LSU and fell in love with the game. I had never played or trained beach volleyball before coming down here. It has been a lot of hard work, dedication, and passion to get to this point but I wouldn’t have it any other way.

The hard work makes the good times better and makes the low times doable to keep pushing through to the next breakthrough. I love the challenge and I want to continue to challenge myself and my limits for a lifetime! I am so thankful for my coaches and teammates that have dumped so much time and energy into making me the player that I am.

Namita Nayyar:

It is a dream for a beach volleyball player to play in the Beach Volleyball World Championships. You won a bronze medal in the 2023 Beach Volleyball World Championships that was held in Tlaxcala, Apizaco, and Huamantla, Mexico from 6 to 15 October 2023. Tell us more about this spectacular achievement of yours?

Taryn Kloth:

This was the first and only World Championship event that we qualified for and that in itself was exciting and then to walk away with a medal from the event was so special. There was a lot on the line and we were down in the medal match – I will never forget working together with my best friend and teammate to find a way to win after a long 2 weeks of playing in Mexico.

Full Interview is Continued on Next Page

This interview is exclusive and taken by Namita Nayyar President of womenfitness.net and should not be reproduced, copied, or hosted in part or full anywhere without express permission.

All Written Content Copyright © 2024 Women Fitness

Disclaimer
The Content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition.



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25 11, 2024

US Dollar Forecast: Strong PMI Boosts DXY, FOMC Minutes Ahead – Gold, GBP/USD, EUR/USD Outlook

By |2024-11-25T10:04:37+02:00November 25, 2024|Forex News, News|0 Comments

GBP/USD Price Chart – Source: Tradingview

GBP/USD is trading at $1.25975, up 0.56%, as it tests the pivot point at $1.26072. Immediate resistance stands at $1.26617, with further levels at $1.27153 and $1.27714 if the pair gains bullish traction. On the downside, support is found at $1.25537, with additional cushions at $1.25061 and $1.24569.

The 50 EMA at $1.26106 aligns closely with the pivot, reinforcing its importance as a tipping point. A break above $1.26072 could drive further bullish momentum, while a failure to hold may signal a bearish reversal.

Euro Dips as PMI Data Misses Expectations

The Euro (EUR) struggled on weak economic data. German Final GDP q/q stagnated at 0.1%, while French and German PMI figures fell below forecasts.

French Manufacturing PMI hit 43.2, below the 44.6 projection, and German Services PMI dropped to 49.4, missing the 51.6 estimate.

Market focus shifts to Monday’s German Ifo Business Climate data at 86.1, down from 86.5, and ECB President Lagarde’s insights on future monetary policy.

EUR/USD Technical Forecast

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