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23 11, 2024

Ripple (XRP) Price Prediction: XRP to $14 Remains a Possibility, But Spotlight Shines Brighter on Token Targeting a 13650% Climb in the Next 8 Weeks

By |2024-11-23T15:26:20+02:00November 23, 2024|Crypto News, News|0 Comments

With its price at $1.09 as of writing and a stunning 101.84% growth in the previous 30 days, Ripple has been creating waves in the cryptocurrency market. Another ETH-based coin is taking the front stage as conversations about XRP approaching $14 heat up because of its enormous development potential.  Targeting a startling 13,650% gain that could see its value rocket to $10.92 within the next 8 weeks, Rexas Finance (RXS) now priced at just $0.080 as of writing in its presale is aiming for higher heights. Rexas Finance offers a special chance for those seeking the next great thing in the crypto realm. RXS is not just another token; it’s a game-changer having raised over $10 million as of writing in its presale with an ambitious vision to transform real-world asset tokenization.

XRP’s Price Momentum: A Catalyst for Broader Market Optimism

The spike in XRP has sparked investor interest in big cryptocurrencies, especially those with strong use cases once more. Rising with a current market capitalization of about $61 billion as of writing and a circulating quantity of almost 57 billion coins, Ripple is a major actor. Though there is a buzz about XRP perhaps reaching $14, the focus is now on initiatives like Rexas Finance, which provide not only market speculation but actual answers to practical issues. The positive momentum of XRP makes a rich environment for creative ideas like Rexas Finance to flourish. Although Ripple wants to completely change cross-border payments, Rexas Finance is likely to change our view and handling of actual blockchain assets.

Why Rexas Finance Outshines XRP in Growth Potential

Leading a fresh wave of blockchain innovation at $0.080 per token is Rexas Finance. Leveraging rich sectors such as the $379.7 trillion real estate market, the $121.2 trillion commodities market, and the $65 billion yearly art and collectibles market, the initiative helps to tokenize actual assets.

RXS is creating such great interest for the following reasons:

  1. Unmatched Potential for Return on Investment: Although XRP’s road to $14 shows a good return is clear-cut, RXS’s possible climb to $10.92 shows an amazing 13,650% ROI after just 8 weeks. In the crypto market, such exponential expansion is rare, hence Rexas Finance is a very interesting investment.
  2. Community-Centered Methodologies: Rexas Finance has followed a community-driven path, unlike initiatives depending on venture capital financing. Including personal investors in its presale guarantees diversity and strengthens a devoted community of supporters for the project.
  3. Certik Audited and CoinMarketCap Listed: Investor confidence depends mostly on openness and security. The Certik audit and listings on CoinMarketCap and CoinGecko from Rexas Finance offer real-time tracking and premium project data.
  4. $1 Million Giveaway Incentive: With 20 lucky winners slated to get $50,000 worth of RXS each, Rexas Finance’s continuous giveaway has already drawn over 242,000 submissions as of writing. Along with honoring early adopters, this program raises awareness and acceptance. Participants can boost their winning chances by completing tasks on the Rexas Finance website and sharing the giveaway with friends. 

The Rexas Launchpad of the platform enables users to fund their tokenized initiatives, therefore empowering them. The opportunities are unlimited for real estate, precious metals, rare art, or anything else. Rexas Finance is positioned to spearhead this change given the expected worldwide real-world asset market target of $30 billion from a current market cap of $14 billion.

Strong Presale Performance and Future Prospects

The presale from Rexas Finance has been very outstanding. Beginning at $0.030 in its initial stage, the token rose 165% to reach its present value of $0.080 in stage six. Planned to be launched at $0.20 in early 2025, RXS shows potential to rise by 280% from its current price. Still, the actual promise transcends its release. Driven by its creative platform and strategic launch on three of the top 10 tier-1 cryptocurrency exchanges, analysts estimate that RXS might reach $10.92 within 8 weeks. This listing approach will increase visibility and liquidity, so enabling great adoption. With access to a trillion-dollar total accessible market, Rexas Finance offers the crypto industry unmatched prospects. The platform guarantees long-term scalability and adaptability by using many token standards (ERC-20, ERC-721, and ERC-1155), so supporting different use cases.

Why Now is the Time to Invest in Rexas Finance

Rexas Finance is already generating waves with its innovative approach to asset tokenization as XRP sets its course toward $14. Investors have a rare opportunity to get RXS at $0.080 before it launches at $0.20 thanks to the current presale stage of the coin. A projected market cap of $27 billion by 2025 and a clear road map for success make RXS more than simply a speculative investment; it’s a ticket to the future of blockchain innovation. Don’t miss your opportunity to help us to start this revolution. To get your tokens and join a community of forward-looking investors, visit the Rexas Finance website 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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23 11, 2024

XRP Price Prediction for November 23

By |2024-11-23T13:23:11+02:00November 23, 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.

Bears have not accumulated enough energy yet to seize the initiative, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

XRP has gained a lot of value today, rocketing by more than 10%.

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Image by TradingView

Despite the sharp rise, the price of XRP is going down after a false breakout of the local resistance of $1.62. If bulls cannot seize the initiative, one can expect a test of the support of $1.4692 by the end of the day.

Article image
Image by TradingView

A more positive picture is on the daily time frame.

Related

DOGE Price Prediction for November 21

However, if today’s candle closes with a long wick and far from its peak, there is a possibility of a correction to the $1.30-$1.40 zone.

Article image
Image by TradingView

From the midterm point of view, one should wait until the weekly bar closes. If it happens near $1.60, the growth may continue to the $1.80 area.

XRP is trading at $1.5363 at press time.

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23 11, 2024

Cardano Price Prediction: Analyst Provides Timeline For When ADA Will Hit $6

By |2024-11-23T11:21:52+02:00November 23, 2024|Crypto News, News|0 Comments

An analyst has forecasted that the Cardano price will hit $6 by 2025, but the emerging WallitIQ (WLTQ) altcoin is seeing significant growth in the first stage of its ongoing presale.

With an analyst forecasting the Cardano price to hit $6, many investors are taking a closer look at what could be the next big move for Cardano (ADA). But while the Cardano price continues to perform well, an under-the-radar altcoin, WallitIQ (WLTQ), is also gaining momentum as a potentially lucrative investment.

Analyst Predicts $6 Milestone For The Cardano Price – Here’s The Timeline

Crypto analyst Ali Martinez has projected a significant surge in the Cardano price, predicting it will reach $6 within this market cycle. The Cardano (ADA) forecast, supported by historical trends, offers a timeline and insights into the factors driving this anticipated rally.

In a recent X (formerly Twitter) post, the analyst pinpointed a potential timeline for the Cardano price ascent to $6, suggesting this milestone could be achieved between July and September 2025. The crypto analyst’s prediction parallels the Cardano price past performance, particularly the massive bull run that began in November 2020.

According to the analyst, in the last significant rally, Cardano (ADA) saw a gain of over 4,000%, culminating in the Cardano price All-Time High (ATH) of $3.10 by September 2021. The analyst expects a similar trajectory for Cardano (ADA) in the current market cycle, albeit at a more modest growth rate of approximately 2,200%, pushing the Cardano price to around $6.2.

While this analyst prediction makes Cardano (ADA) an attractive investment, the coin’s established position means its potential for exponential growth is somewhat limited. This opens the door for emerging projects like WallitIQ (WLTQ) to capture the attention of investors seeking higher returns away from Cardano (ADA)

WallitIQ (WLTQ): The Hidden Gem For Exponential Gains

The demand for a functional crypto wallet has been rising. Using AI and machine learning algorithms, WallitIQ (WLTQ) offers a decentralized crypto wallet that tackles the main issues with current wallets.

By integrating cutting-edge features like biometric and facial authentication, WallitIQ (WLTQ) goes above and beyond a typical wallet, providing users with unmatched asset protection that prevents unwanted access. These strong security measures make WallitIQ (WLTQ) a safe and dependable platform for novice and experienced investors.

The WallitIQ (WLTQ) platform is further strengthened by AI-powered suggestions, enabling users to make knowledgeable financial decisions. The AI analysis tools from WallitIQ (WLTQ) monitor market trends and recommend wise investments, enabling investors to stay ahead of market changes.

WLTQ is a native token of WallitIQ, built on the ERC-20 blockchain, which facilitates dependable transaction fee payments and effective transactions. WallitIQ (WLTQ) lowers friction and boosts the platform’s usability and affordability by enabling users to pay transaction fees within its ecosystem with the WLTQ token.

One of the tokens’ main draws is the ability to stake WallitIQ (WLTQ) tokens in liquidity pools and earn up to 180% APY. Because of their high-yield strategy, WallitIQ (WLTQ) tokens are desirable for investors looking to maximize returns in a safe environment.

Real-time updates and forecasts provide insights for improving profits, and automated transaction features make trading easier for novice crypto users. Additionally, supported by AI, WallitIQ (WLTQ) can adjust to each user’s needs, offering a customized experience that fits each investor’s unique investment objectives.

Furthermore, the platform facilitates portfolio tracking and offers extensive risk management capabilities, giving users all the tools they require to monitor and maximize their investments in a safe environment.

With its listing on CoinMarketCap, WallitIQ’s (WLTQ) reputation and visibility have also increased. SolidProof’s successful audit of the platform’s smart contract, which reassures investors of its security and operational transparency, supports this credibility.

WallitIQ’s (WLTQ) presale is gaining traction, which could be an opportunity for investors seeking growth opportunities. With its current presale price set at an alluring $0.0171, the WLTQ presale could continue attracting interest from investors hoping to profit from an early investment in a cutting-edge DeFi platform.

WallitIQ

Conclusion

While Cardano (ADA) is predicted to reach $6, WallitIQ’s (WLTQ) remarkable use case is set to bring new wallet solutions to the DeFi landscape. Before this chance passes, investors are urged to purchase the WLTQ token during its presale at a low price of $0.0171.

Join the WallitIQ (WLTQ) presale and community:

Join WallitIQ (WLTQ) Presale
Join the WallitIQ (WLTQ) Community


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

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23 11, 2024

Benefits, Uses, Side Effects, and More

By |2024-11-23T09:31:06+02:00November 23, 2024|Dietary Supplements News, News|0 Comments


Resveratrol is a naturally occurring compound in red wine, red grapes, purple grape juice, berries, peanuts, and dark chocolate. Plants produce resveratrol to help fight against fungal infection, ultraviolet radiation, stress, and injury.

Researchers believe that resveratrol has similar protective effects on the body. It has been shown to reduce inflammation, protect against cellular damage, and increase the activity of anti-aging genes. These effects may help prevent certain cancers, improve brain health, and promote weight loss, among other health benefits, though more research is needed. While resveratrol is commonly consumed in food and beverages, supplements are also available.

Design by Health / Getty Images


Researchers have found that resveratrol may support weight management in two key ways: It reduces the production of fat cells and prevents fat from being stored within fat cells. It has also been shown to activate an enzyme called AMPK that can increase metabolism.

While resveratrol has been shown to promote weight loss in numerous animal studies, the results in human studies are mixed.

One review of many studies examining resveratrol’s effect on weight loss found that it significantly decreased body weight. Other studies have found that while resveratrol supplementation has positive effects on certain metabolic markers—such as improved insulin sensitivity—it has little impact on body weight.

More research is needed to determine whether supplementing with resveratrol should be recommended as part of a weight loss program.

As the body ages, brain and nerve cells may begin to lose functionality. This process, called neurodegeneration, can lead to memory loss and other symptoms of cognitive decline, as well as conditions like Alzheimer’s disease and Parkinson’s disease.

While there’s no cure for these diseases, researchers are studying how antioxidants (including resveratrol) can help protect against neurodegeneration.

In animal and human studies, resveratrol appears to prevent oxidative damage to brain cells, increase blood flow to the brain, improve the use of glucose for energy, and slow age-related cognitive decline.

Resveratrol may reduce the risk of developing cancer and lower the chances of mortality (or death) due to certain cancers. It plays a role in blocking tumor growth, promoting cancer cell death, and delaying the spread (or metastasis) of cancer cells to other areas.

Examples of cancers and cancer cells that resveratrol is beneficial in include breast, colon, lung, pancreatic, and prostate cancers. Many studies have shown promise when taken with chemotherapy or radiotherapy.

Other studies on humans and human cells have shown that resveratrol has no effect or negative effects on cancer cells. More research is warranted to understand the role of resveratrol in cancer prevention and treatment.

In people with type 2 diabetes, resveratrol may lower blood sugar (or glucose) and A1C levels and improve insulin sensitivity (how body cells respond to insulin).

In one study of people who were overweight, half of the participants were given resveratrol and half a placebo (an inactive compound). Participants who took 150 milligrams of resveratrol once a day for six months had lowered A1C levels, whereas the placebo group was unaffected. Resveratrol did not significantly affect insulin sensitivity, fat mass, and fasting blood glucose.

Another study found that 500-3,000 milligrams daily were needed to lower blood sugar levels and improve insulin sensitivity.

More research is needed to determine the most beneficial dosage recommendations for blood glucose and diabetes treatment. Diabetes management is complex; many things can impact blood sugar, such as dietary habits, sleep, exercise, stress, and illness.

Resveratrol has been shown to improve cardiovascular health in numerous ways, including that it can help:

  • Decrease inflammation and overall oxidative stress
  • Reduce the pressure exerted on the heart and blood vessels, which helps to regulate blood pressure
  • Reduce platelet aggregation or clumping in the blood
  • Lower blood fats and cholesterol by blocking the enzyme that helps to create cholesterol

These mechanisms help to protect the heart and blood vessels from damage and prevent the development of conditions like hypertension (high blood pressure), high cholesterol, and other cardiovascular diseases. Consistent use of resveratrol may also improve cell function in your heart muscle.

Resveratrol has properties that help to decrease inflammation and oxidative stress throughout the body. The compound blocks numerous inflammatory markers, including cyclooxygenase (COX) enzymes, which play a role in pain and inflammation.

Resveratrol may be beneficial in treating and preventing pain and discomfort caused by inflammatory conditions like arthritis. Evidence suggests that resveratrol may decrease inflammation and pain similarly to nonsteroidal anti-inflammatory drugs (NSAIDs) like aspirin and ibuprofen.

Resveratrol can be found naturally in red wine, red grape skins, purple grape juice, berries, and peanuts.

The resveratrol found in food and natural products is insufficient to obtain the recommended dose for certain health conditions. This doesn’t mean these foods are not nutritious; they offer various other health benefits and can still provide antioxidative properties.

Resveratrol supplements can be taken by mouth, applied topically (to the skin), and intranasally (inhaled through the nose). The amount of resveratrol found in these products is not regulated and may not be consistent across all products.

Caution should be taken if taking oral resveratrol with a high-fat meal, as this may affect how the supplement is absorbed in your body.

Dosage

There are no established recommended daily doses for resveratrol. Your dosage and how long you should take it depend on your health conditions and diet.

Oral resveratrol dosing has included 250-1,000 milligrams taken daily for up to three months. Doses of 500 milligrams once a day for at least three months have been shown to have the greatest impact on body weight and BMI. More studies are needed to determine optimal resveratrol dosing recommendations.

Resveratrol appears to be safe overall. Resveratrol supplements of 1,500-3,000 milligrams taken by mouth once daily for 3-6 months have been considered safe, but these higher doses will likely cause gastrointestinal side effects. Topical resveratrol has been used for up to 30 days, and intranasal resveratrol spray has safely been used for up to four weeks.

Potential Drug and Disease Interactions

There are very few reported drug or disease interactions reported with resveratrol. Potential interactions include:

  • Blood thinners (anticoagulants) and anti-platelet medications: Resveratrol increases the risk of bleeding by blocking platelets from clumping together. Be careful about combining blood thinners, anti-platelets, and NSAIDs with resveratrol.
  • Hormone-sensitive cancers and conditions: Due to its estrogenic effects, people with hormone-sensitive cancers and conditions should avoid taking resveratrol. Hormone-sensitive cancers and conditions include uterine, breast, and ovarian cancer and endometriosis.

Resveratrol also blocks enzymes that help to remove medications and products from the body, leading some to build up in the body to unsafe levels. This includes medications used to treat blood pressure, anxiety and depression, and cardiovascular disease.

Can You Take Too Much Resveratrol?

There is no official upper recommended limit established for resveratrol. Higher doses of resveratrol may cause abdominal discomfort and symptoms like nausea, vomiting, and diarrhea.

There are no major risks or side effects associated with resveratrol. Reported side effects of resveratrol include gastrointestinal discomfort, nausea, vomiting, and diarrhea. These side effects are most commonly reported in doses over two grams daily.

Resveratrol is a naturally occurring compound in foods like red grape skin and red wine. Resveratrol may be beneficial for cancer prevention, brain health, weight loss, and cardiovascular disease.

Reservatrol may provide certain health benefits when incorporated into a healthy lifestyle, but the dosing and duration of supplementation have not been well established.

More research is needed to fully understand the effects of resveratrol on various conditions. Talk with your healthcare provider about whether resveratrol supplementation would benefit you and your health.



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23 11, 2024

Analyst’s Elliot Wave Theory Shows XRP Price Can Hit $18

By |2024-11-23T09:19:56+02:00November 23, 2024|Crypto News, News|0 Comments

Crypto analyst Dark Defender has shared his Elliot Wave Theory analysis, which shows that the XRP price can rally to as high as $18. The analyst’s accompanying chart further showed when XRP can reach this double-digit price target.

XRP Price To Hit $18 Next Year

In a recent Elliot Wave Theory analysis, Dark Defender shared an accompanying chart showing that the XRP price can rally to $18 by mid-next year. The analyst affirmed that XRP has been and is still following this Elliot Wave structure.

Image

In his analysis, Dark Defender also revealed that XRP was currently in the third wave. The chart showed that this impulsive move to the upside will take the crypto to the $5.8 price level. Based on the chart, this rally to $5 could happen before this year runs out.

Once the rally to $5 happens, the next move will likely be a corrective one, causing the XRP price to retrace to around $4. This corrective wave 4 move will set the stage for the crypto to rally to this $18 price target by mid-2025.

XRP is enjoying massive bullish momentum, having rallied over 64% in the last seven days. This price rally has been partly because US SEC Chair Gary Gensler is set to step down. This development is bullish for the crypto since Gensler spearheaded the Ripple SEC lawsuit, which has, for the longest time, negatively impacted XRP.

Next Stop Is $2 Before Rally To New ATH

In an X post, crypto analyst Armando Pantoja said that the next stop for the XRP price is between $2 and $2.10. he made this prediction following his statement that XRP was smashing through resistance and heading for the 0.786 Fibonacci level at $1.61. Interestingly, Pantoja said that the rally to $2 will create an “easy path” to $8 for XRP.

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Crypto analysts Ali Martinez and CrediBULL Crypto also predicted that XRP will rally to $2 next as pro-crypto Paul Atkins leads the race to replace Gary Gensler as the next US SEC Chair. CrediBULL Crypto’s $2 prediction came as he revealed that the XRP monthly Relative Strength Index (RSI) is about to enter the overbought territory for the first time in three years.

He claimed that this is bullish, as the higher the RSI goes, the stronger the momentum and the more bullish a coin is. Based on this, the analyst said the next target is $2, and then XRP will go for a new ATH.

Crypto analyst Javon Marks also provided a bullish outlook for the XRP price. In an X post, he stated that the coin is now starting to show signs of major strength after breaking out of a lower timeframe pennant. Based on this, he remarked that a massive uptrend continuation above $3 might already be happening.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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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23 11, 2024

Bhutan govt sells $33M BTC, McDonald’s launches NFTs, as PEPE, SUI emerge top gainers

By |2024-11-23T09:04:00+02:00November 23, 2024|News, NFT News|0 Comments


Crypto market analysis today: 

  • The aggregate cryptocurrency market capitalization shrank by 1.45% on November 14, reflecting a $42.6 billion dip. 
  • In the last 24 hours, 170,878 traders were liquidated to the tune of $485.13 million, per Coinglass data
  • With $360 million long positions liquidated, bull traders have booked over 61% of the daily timeframe losses on Thursday. 

Altcoin market updates: XRP, PEPE, SUI emerge top gainers 

  • Ripple (XRP) rose by 16% on November 14, usurping Dogecoin (DOGE) as the the top performing asset in the top ten ranked crypto assets. 

XRP price action, November 14, 2024

XRP’s rally on Thursday was initially triggered by its recent listing on Robinhood.

However, Gary Gensler’s impending exit from the US SEC leadership further propelled the XRP price rally towards $0.80 by mid-day EST. 
With trading volumes on Binance approaching the $1 billion mark, bulls could set sights on another leg-up towards the next resistance at $0.85.

  • PEPE also delivered an eye-catching 22% price rally on Thursday, hitting new all time highs of $0.000026. 

PEPE price action, November 14 2024 | TradingView

Over the last 48-hours, PEPE price increased by 46.5%, moving from its closing price of $0.000014 on November 12 to hit a new peak at $0.0000026 within the daily timeframe on November 14.

Why is PEPE price going up? 

Notably, PEPE was the only megacap memecoin listed by Robinhood on November 13,  alongside major altcoins like XRP, Solana (SOL) and Cardano (ADA). 

While Robinhood listing introduces PEPE’s to a broader US retail market, another Korean-based exchange Upbit also listed the memecoin on Thursday. 

As fresh liquidity trickles into the market, it could provide a buffer for PEPE to sustain relatively high levels as bulls seek to extend the price discovery phase. 

  • SUI is another token that reached a new all time high on Thursday, amid bullish tailwinds from VanEck’s SUI ETN filing.  

SUI price crossed the $3.5 milestone for the first time since its launch in May 2023, bringing its market capitalization to $9.5 billion.   

Chart of the day: NFTs flashing comeback signals as McDonald’s announces Doodle partnership 

Global fast food giant McDonald’s is collaborating with web-3 native brand, Doodles, to launch coffee-themed NFT collectibles as part of its holiday-season campaigns. 
After McDonald’s confirmed the partnership in an X post on November 14, the global NFT market witnessed a significant surge in demand. 

Global NFT sector performance | November 14 2024 | Source: Coingecko

The Coingecko chart above shows the cumulative trading performance of all listed NFT projects. The global NFT trading volume reached $17.6 million on Thursday, reflecting a 4.1% increase over the last 24 hours, while the sector valuation also grew by 1.1% to reach $5.3 billion. 

Notably, Doodle’s floor price instantly rose 12.3% following the McDonald’s NFT collectibles announcement. But as depicted above, the bullish tailwinds spread towards other prominent NFT projects, as the likes of LaserCat and Milady Maker also recorded 51.4% and 15% in gains, respectively. 

Crypto news updates: 

  • Recent statements from the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, have heightened his exit rumors. 

Speaking at the Practicing Law Institute’s 56th Annual on Securities Regulation, Gensler hinted at his imminent exit, expressing pride and gratitude for service in the outgoing Biden administration. 

“It’s been a great honor to serve with them, doing the people’s work, and ensuring that our capital markets remain the best in the world.

I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance,”

– US SEC Chairman, Gary Gensler, November 14, 2024 

President-elect Donald Trump is reportedly considering more crypto-friendly candidates to replace Gensler in the coming months.

This has triggered intense speculative demand for prominent altcoins like XRP, Cardano and Solana, which were labeled ‘unregistered securities’ in several SEC lawsuits over the last four years. 

 

  • The Royal Government of Bhutan was spotted depositing 365 BTC (worth $33.3 million) into a Binance wallet address, with Bitcoin price trading above $91,000 in the early hours of Thursday.  

According to Blockchain analytics provider Arkham, the transfer occurred at 12:06 a.m. UTC, just weeks after an initial move of 929 BTC (valued at $66.1 million) to Binance on October 29, indicating that Bhutan may have offloaded close to $100 million in Bitcoin during the recent price rally. 

While the exact purpose of the Bhutan government’s latest transactions remain unclear, such large deposits into exchanges during a price rally typically point toward strategic profit-taking. 

 

  • After 3 months of investigation, Indian authorities have officially detained a suspect linked to WazirX’s $230 million crypto hack, which occurred back in July 2024. 

According to local news sources, the arrested suspect had allegedly opened an account under a fake name, before selling it to an accomplice, who then proceeded to hack the exchange.




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23 11, 2024

Crude Oil Price Forecast: Crude Oil Continued to Creep Higher Within Consolidation

By |2024-11-23T08:50:57+02:00November 23, 2024|Forex News, News|0 Comments


Breakout Triggered Above Thursday’s High

A rally above today’s high will trigger a bullish breakout above the line before crude quickly encounters potential resistance around the 50-Day MA pivot, which is at 71.23. That is followed by the top of a declining consolidation pattern (red box) from around 73.15 to 73.27. Crude missed a chance to continue to fall following a bearish trigger on Monday.

Instead, it dropped below prior lows but then quickly reversed higher and ended the day with a bullish key reversal day. The bullish continuation of that one-day reversal has been struggling as crude is rising into a swath of potential resistance, given that it remains within a larger consolidation pattern.

Rebound from False Breakdown

Today’s advance showed strength by reclaiming the 20-Day MA (purple) above 69.97. Given where crude is trading at the time of this writing, it still has a chance to close the day above the line. If it does, that would be another minor sign of strength that needs follow-through. A breakout through a key price level in either direction that quickly reverses in a decisive fashion, is a failure of a breakout attempt. Typically, the reversal of the breakout can be accompanied by sharp moves in the opposite direction. That may still happen with crude if today’s high is exceeded. This does not mean that it will do so, it is only a possibility until further signs of strength are seen.

Watch Weekly High of 70.84

There is another price level representing a key pivot that also needs to be considered. Last week’s high was 70.84. Therefore, an advance above that high will trigger a bullish reversal on the weekly time frame. It would be reached shortly after a breakout above today’s high.

Near-term Support at 69.16

On the downside, a drop below today’s low of 69.16 may lead to a bearish pullback to test support around this week’s lows. Since resistance is being seen around where some signs of resistance would be expected, at the downtrend line, that scenario may yet play out.



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23 11, 2024

Cocoa and Green Tea: Stress Busting Allies Against Fat

By |2024-11-23T07:30:12+02:00November 23, 2024|Dietary Supplements News, News|0 Comments


New research suggests that cocoa or green tea might help counter the harmful effects of high-fat foods, particularly during stressful times. The study, conducted by the University of Birmingham, highlights the impact of stress-related food choices on cardiovascular health.

The research indicates that while high-fat foods can impair blood vessel function and reduce oxygen to the brain, consuming flavanol-rich cocoa or green tea could offer protective benefits. Participants consuming these drinks alongside a high-fat meal exhibited improved vascular function during stress.

Although cocoa flavanols did not enhance brain oxygen levels or mood, they were effective in preventing vascular decline post-stress. These findings could guide nutritional choices during stress, aiding heart health according to researcher Catarina Rendeiro.

(With inputs from agencies.)



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23 11, 2024

Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume

By |2024-11-23T07:18:43+02:00November 23, 2024|Crypto News, News|0 Comments

Dogecoin, the first meme coin, has repeatedly shown its capacity for explosive price movements, often coinciding with spikes in trading volume. 

Historical data reveals that each time Dogecoin (DOGE) sees a price surge, there is an accompanying rise in volume. As a result, understanding the relationship between volume and price could help in projecting what will happen if DOGE achieves a daily volume of $50 billion.

Historical Context Between DOGE’s Volume and Price

Dogecoin reached its all-time high above $0.73 in May 2021, fueled by a surge in daily trading volume, which peaked at about $46 billion, according to market data from CoinMarketCap.

This massive rise was influenced by retail enthusiasm, celebrity endorsements like Elon Musk’s tweets, and market-wide euphoria. At its peak, Dogecoin’s market cap exceeded $98 billion, making it one of the top crypto assets by valuation at the time.

However, as DOGE dropped from the $0.73 peak, investor participation reduced, leading to an equal slump in trade volume. In recent times, Dogecoin’s 24-hour volume averaged $3.5 billion.

Nonetheless, this figure surged massively amid the latest election-induced increase in price. For context, Dogecoin spiked 177% from $0.1582 on Nov. 5 to a three-year peak of $0.4385 on Nov. 12. Within this period, volume rose beyond $19 billion and particularly hit a peak of $39.9 billion on Nov. 12.

Dogecoin Potential Price at $50B Volume

Currently, Dogecoin trades at around $0.3945 with a 24-hour volume of $8.7 billion. This is in contrast to its 2021 heights, confirming the important role of volume in driving upward momentum. 

When trading volume spikes, it typically signifies heightened interest and liquidity, which can amplify price movements, especially in speculative assets like DOGE.

The relationship between trading volume and price is not straightforward, as price is determined by supply and demand. However, we can make a simplified estimate based on the proportional increase in trading volume and assume that higher volume leads to higher prices due to increased demand.

Using this as a benchmark, If trading volume increases to $50 billion per day and we assume proportionality, the price of Dogecoin could rise to approximately $1.23 per coin.

The Price of $1.23 would imply a new market cap of roughly $212 billion, which would place Dogecoin among the most valuable cryptocurrencies. This would require significant, sustained interest and investment.

However, this would depend on several factors. The first is a rise in demand. Notably, higher trading volume often translates to rising demand. With $50 billion in daily activity, massive capital inflows could push prices higher, especially if new buyers enter the market.

However, the second factor is speculative momentum. Crypto assets thrive on speculation, and Dogecoin, as a meme token, benefits from social media buzz and community-driven hype. A volume surge could attract traders aiming to capitalize on short-term price spikes.

Also, greater liquidity from high volume can lead to sharper price movements, particularly if large transactions occur. If most of the volume consists of buy orders, upward pressure on DOGE’s price would be substantial.

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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23 11, 2024

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

By |2024-11-23T07:02:28+02:00November 23, 2024|News, NFT News|0 Comments


Telegram tap-to-earn game MemeFi is preparing for its token launch, after the fighting game attracted millions of players vying for a chunk of its future airdrop.

On Friday, November 22 at 8am ET (1pm UTC), the MEMEFI token is set to launch on the Sui network. This comes after the project hopped to the network from Ethereum layer-2 Linea last month. The promised airdrop claim will take place once the token is generated.

Airdrop token allocations were revealed last Saturday, with 2.5 million suspected cheaters’ accounts receiving the ban hammer in the process. On Tuesday, allocations were adjusted after some accounts were incorrectly assigned too many tokens, with others benefiting as a result. Now with all of that cleared up, it appears, everyone is set for the big day.

But how can you claim your tokens, what is the token for, and what’s next for the project? Don’t worry we’ve done all the legwork for you. Here’s what you need to know about the MemeFi airdrop.

How can I claim the airdrop?

For those who can’t be bothered to deal with all the messy blockchain stuff, the only centralized exchange available to claim your airdrop is OKX. Most other Telegram games have offered a range of exchanges to send claims to, but MemeFi has a special team-up with OKX.

Unlike the vast majority of Telegram games, MemeFi will launch its token on Sui rather than The Open Network (TON). It appears that part of the deal was to exclusively launch the airdrop on a single centralized exchange, OKX. However, other exchanges such as Binance, Bybit, and KuCoin will be launching the token—they just won’t handle the airdrop.

Screenshots from MemeFi. Image: Decrypt

For those looking to claim on-chain with a self-custody wallet rather than using an exchange, users can start submitting their claims an hour before the token generation event (TGE). MemeFi says it will cover gas fees, but given that users’ airdrops mention a claim fee being deducted from allocations, it appears that you’ll actually be paying your own costs through a different method.

MemeFi has posted a complete guide to claiming here, including how to use the OKX Wallet app on Telegram to claim tokens if you can’t use OKX’s centralized exchange in your region—or simply prefer not to.

What can I do with the token?

Like any other standard, fungible crypto token, you can buy and sell MEMEFI once it has launched. But for how much has still yet to be determined.

However, traders are speculating on the price of the soon-to-launch token. On KuCoin’s pre-market platform, users predict that the token will be worth $0.012 on average at launch. As for Gate.io’s pre-market, traders see its price being closer to $0.016. That said, pre-market trading is extremely speculative and often wrong, so take these numbers with a pinch of salt.

Selling aside, according to the MemeFi whitepaper, the token will also be used as a governance token and will power in-game purchases. How exactly this will manifest has still yet to be announced.

What’s next for MemeFi?

As the game’s final snapshot was already taken on November 15, in-game progression over the last few days won’t count towards the upcoming airdrop.

But players are still earning “MemeFi Stars,” which the game calls a “valuable asset” that is set to become the “backbone” of the game’s economy. There is no mention of this asset in the project’s white paper, so this is all the information we have on Stars for now.

“This is NOT Season 2,” MemeFi said, in reference to earning Stars. “[It’s] something much more fun!”

While the purpose of Stars remains to be seen, it appears that the game is planning a second season of its game. This is in line with other tap-to-earn games like Hamster Kombat, which will overhaul its gameplay for the upcoming second season.

Unfortunately, MemeFi’s roadmap doesn’t reveal much more, as it only runs up to Q4 2024. However, it does say that the project was “built to expand in exciting new directions.” This could mean it has more planned than just a second season using the same mechanics as before.

Edited by Andrew Hayward

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