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18 11, 2024

SOL and BNB Price Prediction for November 18

By |2024-11-18T20:10:17+02:00November 18, 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.

A new week has started with ongoing bulls’ dominance, according to CoinMarketCap.

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Top coins by CoinMarketCap

SOL/USD

The rate of Solana (SOL) has risen by 3.82% over the last 24 hours.

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Image by TradingView

Despite today’s growth, the price of SOL has not yet fixed above yesterday’s peak. Thus, if today’s bar closes with a long wick, bears may seize the initiative, which may lead to a correction to the $225-$230 range.

SOL is trading at $243.32 at press time.

BNB/USD

Unlike SOL, the price of Binance Coin (BNB) has dropped by 0.67% since yesterday.

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Image by TradingView

On the daily chart, the rate of BNB keeps accumulating energy for a further move. The absence of buyers and sellers’ energy is confirmed by the declining volume. 

Related

DOGE Price Prediction for November 17

In this case, sideways trading in the area of $610-$650 is the more likely scenario.

BNB is trading at $620.77 at press time.

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18 11, 2024

PharmassêtX Files Patent Application on New Form of Drug Substance from Green Tea

By |2024-11-18T18:30:32+02:00November 18, 2024|Dietary Supplements News, News|0 Comments


Novel polymorph now patent-pending

LOUISVILLE, Ky., Nov. 18, 2024 /PRNewswire/ — PharmassêtX Inc., a late-preclinical stage pharmaceutical development company, today announced that the US Patent and Trademark Office has acknowledged receipt of the Company’s patent application entitled “CRYSTALLINE FORM OF EPIGALLOCATECHIN-3-GALLATE.” PharmassêtX is developing the novel form of epigallocatechin gallate (EGCG) as a prescription drug for the treatment of inflammatory bowel disease (IBD).

A groundbreaking study published last year by the Crohn’s and Colitis Foundation found that 2.4 million Americans suffer from IBD. “The two most common forms of IBD are Crohn’s disease and ulcerative colitis. There are currently no cures for IBD.” See the Crohn’s and Colitis Foundation website, https://www.crohnscolitisfoundation.org/groundbreaking-study-led-the-crohns-colitis-foundation-estimates-nearly-1-100-americans-has.

The patent-pending EGCG polymorph (solid-state form), under development by PharmassêtX as PSX-514, is initially targeted as a treatment for pouchitis, a rare IBD condition experienced by certain patients who have undergone surgery to remove their large intestine. There are currently no drugs approved in the US for the treatment of pouchitis. Earlier this year the US Food and Drug Administration granted Orphan designation to PharmassêtX for EGCG as a drug for the treatment of pouchitis, providing important financial and regulatory incentives for complete development of a safe and effective treatment.

“The filing of this patent application constitutes a significant milestone along the critical development path for PSX-514,” said Terry Minton, Co-Founder and CEO of PharmassêtX. “Our mission as an organization is to improve outcomes and enhance quality of life for IBD patients. With the PSX-514 active pharmaceutical ingredient having attained patent-pending status, we continue to advance more rapidly than expected toward accomplishing that mission.”

Novel polymorphs of active pharmaceutical ingredients (also referred to as “drug substances”) are highly valued by the pharmaceutical industry, which is facing a precipitous loss of revenue by the end of this decade due to the expiration of patents on current best-selling medications. The reallocation of resources that will be needed to develop additional therapeutics to fill the gap has been described as “tectonic.” See “Big pharma’s looming threat: a patent cliff of ‘tectonic magnitude’,” https://www.biopharmadive.com/news/pharma-patent-cliff-biologic-drugs-humira-keytruda/642660/.

Polymorphs that meet the fundamental criteria for patentability – including utility, novelty, nonobviousness, and adequacy of written description – are presumptively patentable under US law. Polymorphs are so difficult to discover that the Court of the Appeals for the Federal Circuit, the highest US appellate court specializing in patent matters, has stated that a person of ordinary skill in the art “could alter any number of variables and still fail to find a polymorph of a particular compound.” See GRUNENTHAL GMBH v. ALKEM LABORATORIES LIMITED, https://cafc.uscourts.gov/sites/default/files/opinions-orders/17-1153.Opinion.3-28-2019.pdf.

“Because of the critical importance of this polymorph to the PSX-514 development program, which is designed to provide relief to IBD patients as soon as possible,” said David McClure, PhD, JD, RAC, a biochemist, registered patent attorney, and Co-Founder of PharmassêtX, “we placed this application in the hands of the world’s leading experts on polymorph patents – the best of the best among pharmaceutical patent attorneys. For this reason, we are hopeful that prosecution of the patent application will be efficient, enabling PharmassêtX to proceed as quickly as possible with PSX-514 development for the benefit of IBD patients.”

About PharmassêtX: With a mission to address the unmet medical needs of IBD patients, PharmassêtX Inc. (pronounced “Farm-a-SET-x”) is a privately held Delaware corporation founded in Kentucky and with a growing presence in the Greater Boston biotech and life science ecosystem at the Mansfield Bio-Incubator. The Company welcomes substantive inquiries from interested parties.

About EGCG: Epigallocatechin gallate (EGCG) is a natural substance obtained from the tea plant Camellia sinensis. As evidenced by over four thousand peer-reviewed publications just in the past decade, EGCG has become the object of extensive research into its health effects and other properties. See the National Institutes of Health National Center for Biotechnology Information PubChem website, https://pubchem.ncbi.nlm.nih.gov/compound/Epigallocatechin-Gallate.

Peer-reviewed evidence supporting EGCG’s safety and effectiveness for an IBD indication was first published in the journal Inflammatory Bowel Diseases, a publication of the Crohn’s and Colitis Foundation. A randomized, double-blinded, placebo-controlled, investigator-initiated clinical study of an EGCG-enriched green tea extract showed that patients suffering from mild to moderate ulcerative colitis, a common form of IBD, experienced clinical improvement, including endoscopic improvement, after treatment. No serious adverse events were reported.

Further peer-reviewed evidence of EGCG’s safety and effectiveness was gathered in the course of an investigator-initiated retrospective study of pouchitis patients published in International Journal of Colorectal Diseases, a Springer Nature publication. The majority of refractory pouchitis patients experienced complete relief from their symptoms, with no serious adverse events reported.

EGCG has been shown to target NF-κB, a key regulator of mucosal immunity, which promotes the expression of multiple pro-inflammatory genes dysregulated in IBD. Additional effects may include decreased activation of the NLRP3 inflammasome, decreased secretion of pro-inflammatory interleukins, and promotion of intestinal barrier integrity. Studies in relevant IBD models suggest that targeting NF-κB can be an effective strategy in disease management, whether alone or as an adjunct in combination with other therapeutics.

Contact: Terry Minton, CEO, PharmassêtX, [email protected] or (502) 324-5111.

Note: This press release contains forward-looking statements, including without limitation statements about future developments, which are subject to significant risks and uncertainties. Actual future developments may differ materially due to various factors. PharmassêtX Inc. undertakes no obligation to update or revise any forward-looking statement. No reliance should be placed on any forward-looking statement contained in this press release.

SOURCE PharmassêtX Inc.

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18 11, 2024

USD/JPY Analysis Today 18/11: Awaits US Policies (Chart)

By |2024-11-18T18:10:39+02:00November 18, 2024|Forex News, News|0 Comments

  • At the end of last week’s trading, the USD/JPY was subjected to selling, starting from the resistance level of 156.75, the highest for the currency pair in three months, with losses extending to the level of 153.86.
  • Obviously, this came amid profit-taking before trading closed stable around the level of 154.30.
  • Concurrently, the overall trend of the USD/JPY pair remains bullish and may remain so for some time.

US Dollar Stable Around Two-Year High

According to reliable trading platforms, the price of the US dollar index DXY, which measures the performance of the US currency against a basket of other major currencies, is stable around its highest in two years, and according to recent trading, the index has recorded seven consecutive weeks of gains. The US dollar’s gains came primarily in light of the strong US economic performance and hints from US Federal Reserve officials led by Jerome Powell that the bank will not accelerate the pace of reducing US interest rates as long as the economy is strong, especially compared to other global economies that are suffering. Recently, market expectations for a 25-basis point cut in US interest rates in December fell to 62%, down from 86% previously.

Strong US Economic Data

According to economic data, we have observed positive results for US economic sectors that confirm the view of the US Federal Reserve. Most notably, US retail sales exceeded expectations, indicating continued resilience in the consumer sector. Prior to that, the main and core US producer prices were announced as expected, but annual growth rates exceeded expectations, in contrast to the US consumer price index data, which met expectations.

In terms of the performance of US stock indices, over the past week, the S&P 500 lost 2.2%, the Dow Jones fell 2.3%, and the Nasdaq declined 2.9%, reflecting a reversal of the upward trend that followed the US presidential election and was driven by optimism surrounding President Trump’s policies.

USD/JPY Technical Analysis and Expectations Today:

Recently, the gap between expectations regarding the future of US and Japanese central bank policies has widened, which will be in favour of further strengthening the upward trend of the USD/JPY currency pair. Therefore expect to buy the currency pair back from every downward level, and currently, the closest support levels for the USD/JPY are 153.70, 152.20, and 150.00, respectively. Conversely, and according to the performance on the daily chart above, the psychological resistance of 160.00 will remain an important target for the upward trend and for the markets. Consequently, it will then increase talk of imminent Japanese intervention in the forex markets to prevent further decline in the yen. However, this time, there is Trump, who has often talked about countries that devalue their currencies.

Want to trade our daily USD/JPY forex analysis and predictions? Here’s a list of forex brokers in Japan to check out. 

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18 11, 2024

Expert Hints Polygon to Rally 3050%

By |2024-11-18T18:09:09+02:00November 18, 2024|Crypto News, News|0 Comments

MATIC price recovery stalled at $0.4150 on Monday, November 18 as it continued to underperform its top peers like Cardano and Solana. It has rallied by just 45% from its lowest point this month as some analysts predict a potential Polygon breakout, with one expecting a 3,050% surge to $12.66.

MATIC Price Prediction: Analyst Sees A Big Surge Ahead

MATIC Price Chart Analyst Forecast by Crypto Town Hall

Polygon, one of the earliest names in the layer 2 industry, has underperformed other top cryptocurrencies and remains substantially lower than its record high of $2.91. 

It has also lost market share to other newer and faster-growing layer-2 blockchains like Base, Arbitrum, and Polygon. 

Still, Crypto Town Hall, an X post with over 86,000 followers, noted that the MATIC price had room to rise to $12.66 by 2030. Such a move would represent a 3,050% surge from the current level. 

These big moves are common in the cryptocurrency industry. For example, Mantra, a popular cryptocurrency in the Real World Asset (RWA) tokenization industry, has jumped by over 20,000% this year. 

The main catalyst for the bullish MATIC price prediction is the fact that Polygon still has strong fundamentals as one of the top players in the crypto industry. It will benefit from the recent zkEVM upgrades and partnerships with companies like Magic Labs and Nomura.

Further, Polygon’s adoption is still strong, as evidenced by the success of Polymarket, which predicted the US election results accurately.

Additionally, the analysts pointed to the positive policy change in the Trump administration, which is expected to be more friendly to the crypto industry.

Meanwhile, Polygon price is also reacting to the ongoing accumulation by crypto investors. One whale moved 4 million coins from Binance, a sign that he wanted to hold them for longer. Two more analysts moved coins worth almost $2 million from Coinbase, a leading crypto exchange.

MATIC Whale PurchaseExpert Hints Polygon to Rally 3050%
MATIC Whale Purchase

Polygon Price Needs To Flip Key Resistance Levels

This MATIC price prediction shows that it found a bottom at $0.2860 earlier this month and then made a bullish breakout. Before that, Polygon was forming a falling wedge pattern, a popular bullish reversal sign.

It has now soared above the 50-day moving average and the upper side of the wedge, meaning that a breakout has already happened. 

MATIC Price ChartMATIC Price Chart
MATIC Price Chart

However, it has formed a small double-top pattern at $0.4415. In price action analysis, this is one of the most popular bearish reversal signs. Therefore, more upside will be confirmed if it rallies above the double-top level and the 200-day moving average price at $0.3737. If that happens, it will point to more gains, with the next target being at $0.5820, its highest level on August 25.

A drop below the double-top’s neckline at $0.3533 will point to more downside, with the next target being at $0.2860.

Frequently Asked Questions (FAQs)

Such big gains are possible in the crypto industry. Besides, Bitcoin has soared from less than $1 in 2009 to over $92,000 today. Other coins like Mantra and Pepe have had similar strong gains.

The key catalyst for the MATIC price surge is its strong fundamentals, friendly policies by the US government, and the zkEVM upgrade.

Some of the most notable alternatives to the Polygon crypto are Arbitrum, Optimism, and Blast.

✓ Share:

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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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18 11, 2024

Colostrum Market Size to Surpass USD 2.40 Billion by 2031,

By |2024-11-18T16:28:11+02:00November 18, 2024|Dietary Supplements News, News|0 Comments


US & Canada, Nov. 18, 2024 (GLOBE NEWSWIRE) — According to a new comprehensive report from The Insight Partners, the Global Colostrum Market is witnessing significant growth owing to the increasing demand from the nutraceutical industry and rising awareness about its health benefits.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/sample/TIPRE00007349/

The report runs an in-depth analysis of market trends, key players, and future opportunities. The increasing health consciousness worldwide boosts the demand for nutrient-enriched products that enhance overall health. The increasing demand of colostrum for dietary supplements and health benefits of colostrum is driving the demand for colostrum-based products.

The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, colostrum manufacturers, distributors/suppliers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Read full market research report, “Colostrum Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Dry and Liquid), Category (Conventional and Organic), Application (Pharmaceuticals and Dietary Supplements, Food and Beverages, Animal Nutrition, and Personal Care), and Geography“, published by The Insight Partners.

Overview of Report Findings

      1.   Market Growth: The colostrum market is expected to reach US$ 2.40 billion by 2031 from US$ 1.48 billion in 2023; it is anticipated to record a CAGR of 6.3% from 2023 to 2031. Colostrum is rich in nutrients and antibodies and has immune-boosting substances. It also contains essential proteins, vitamins, minerals, and antibodies, attracting more consumers. Colostrum is recognized for its high concentration of antibodies, primarily immunoglobulins, which are pivotal in enhancing the immune system. As consumers are becoming more health-conscious and are seeking ways to improve their immune systems, there is a growing demand for colostrum-based products as a natural source of immune support. The importance of colostrum in the nutrition of babies is becoming more apparent as it fights against infections and helps overall development. This is likely to support the colostrum market’s expansion over the next few years.

Colostrum is rich in proteins and has low fat and sugar content. It also includes proteins such as lactoferrin (which protects against infections) and epidermal growth factor (which promotes cell growth). It also contains several essential vitamins, such as vitamin A, and minerals, such as copper, magnesium, and zinc. Colostrum has the potential to support gastrointestinal health and promote gut barrier function, making it an attractive option for individuals seeking relief from digestive issues. Per the data from the US National Health and Nutrition Examination Survey (NHANES), published in June 2023, 1% of the US adult population (two million people) may have been diagnosed with inflammatory bowel disease (IBD). With the prevalence of such diseases, the demand for colostrum-based products is increasing among consumers across the globe. With such an increase in the demand for colostrum-based products, there is a surge in the application of colostrum in the various end-use industries.

      2.   Increasing Demand for Colostrum from Nutraceutical Industry: The growing health awareness among the general population has surged the consumption of various nutraceuticals such as functional food and beverages, dietary supplements, and sports nutrition products. Hence, nutraceutical manufacturers prefer the ingredients and nutrients that are beneficial for human health and can enhance the overall well-being of consumers. Ingredients such as colostrum improve gut health, enhance immunity, and help fight infections. Colostrum is widely incorporated in dietary supplements, such as capsules, tablets, powders, and liquid formulations, catering to various consumer preferences. Chewable tablets offer a pleasant and convenient way to consume colostrum, enhancing the overall palatability of the supplement. For instance, Kirkman Labs offers colostrum chewable tablets that contain pure colostrum sourced from bovine colostrum. These tablets provide immune support and digestive health benefits in a convenient and tasty format, meeting the demand for high-quality colostrum supplements. Owing to the growing demand for colostrum-based supplements, dietary supplement manufacturers are launching products with colostrum. For instance, in November 2022, PanTheryx—an integrative digestive and immune health company—introduced its new Life’s First Naturals PRO bovine colostrum supplements, which are available exclusively through healthcare practitioner offices.

      3.   Rising Demand for Colostrum-Based Cosmetics and Personal Care Products: Colostrum is utilized as a major ingredient in a few high-quality cosmeceutical products that helps protect against external factors. Growth factors present in colostrum help in cell growth and regeneration. Additionally, colostrum reduces skin irritation and aids in the healing of skin defects. With the rising popularity and demand, advanced skincare products infused with colostrum are being introduced by manufacturers constantly improving their compositions. For example, in July 2023, Royal Family Farms—a Pacific Northwest dairy farm known for its national award-winning sustainability efforts, especially with vermiculture—launched a skincare line called “Nurst,” which is made from excess colostrum from dairy cows. Increasing product launches and the growing cosmetic industry across the globe are expected to drive the demand for colostrum-based cosmetics.

      4.   Geographical Insights: In 2023, Europe led the market with a substantial revenue share, followed by Asia Pacific and North America. Further, Asia Pacific is expected to register the highest CAGR during the forecast period.

Get Sample Pages of Research analysis: https://www.theinsightpartners.com/sample/TIPRE00007349/

Market Segmentation

  • Based on form, the colostrum market is bifurcated into dry and liquid. The dry segment held a larger share of the market in 2023.
  • In terms of category, the market is segmented into organic and conventional. The conventional segment held a larger share in 2023.
  • By application, the colostrum market is segmented into pharmaceuticals and dietary supplements, food and beverages, animal nutrition, and personal care. The pharmaceuticals and dietary supplements segment accounted for the largest share of the market in 2023.
  • The colostrum market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

Competitive Strategy and Development

  • Key Players: Major companies operating in the colostrum market include Pantheryx, Colostrum BioTec GmbH, Titan Biotech Ltd, Biodane, Pharma A/S, and INGREDIA s.r.o.
  • Trending Topics: Bovine colostrum, organic colostrum, bovine and goat colostrum, casein and caseinates, dairy proteins

Global Headlines on Colostrum

  • Colostrum is a ‘Liquid Gold’ for Newborns.
  • Colostrum’s critical role in fighting undernutrition
  • Colostrum is the latest wellness craze

Purchase Premium Copy of Global Colostrum Market Growth Report at: https://www.theinsightpartners.com/buy/TIPRE00007349/

Conclusion 

Colostrum promotes gut health and development and supports the immune system. The colostrum market is witnessing rapid growth globally due to increased demand for colostrum-based dietary supplements and health products. The global colostrum market is segmented into form, category, and application. The application segment is divided into pharmaceuticals & dietary supplements, food & beverages, animal nutrition, and personal care. The growing demand for colostrum products in pharmaceuticals and dietary applications is driving the colostrum market. Moreover, the rising awareness about health and nutrition among consumers is boosting the demand for colostrum.

Check out more related reports by The Insight Partners:

Dietary Supplements Market Forecast and Growth 2031

Pet Dietary Supplements Market Size and Forecasts 2021 – 2031

Child and Maternal Dietary Supplements Market Size and Forecasts 2021 – 2031

Vitamins For Dietary Supplements Market Size and Forecasts 2021 – 2031

Liquid Dietary Supplements Market Size and Forecasts 2021 – 2031

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person:

Ankit Mathur

E-mail: ankit.mathur@theinsightpartners.com

Phone: +1-646-491-9876

Press Release: https://www.theinsightpartners.com/pr/colostrum-market

Browse more The Insight Partners Food and Beverages Industry Reports



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18 11, 2024

EUR/USD Analysis Today 18/11: Headed for Parity (Chart)

By |2024-11-18T16:09:05+02:00November 18, 2024|Forex News, News|0 Comments

  • The US Federal Reserve’s affirmation of not rushing to cut interest rates, coupled with Trump’s election victory, has extended the US dollar’s gains.
  • This has increased selling pressure on the EUR/USD currency pair, driving it down to 1.0496, its lowest level in a year.
  • Last Friday, the euro attempted to rebound but gains were capped at 1.0592, and amidst stronger bearish control, the pair closed the week lower around the support level of 1.0538.

 

Trump Could Drive Euro/Dollar to Parity

According to Forex trading, the sharp losses that followed the announcement of Trump’s victory, which was followed by strong gains for the US dollar, its highest in two years, increased talk about the possibility of the euro/US dollar moving to the parity price of 1:1 in light of Trump’s trade policies. Especially, if the trade wars between the Eurozone and the United States expand. With the euro dollar breaking the 1.0440 level, these expectations may increase. Specifically, since they coincide with devastating economic and political issues that threaten the future of the single European currency area.

Concerns about Germany Will End Euro Gains

Given the increasingly gloomy outlook for the recovery of the German economy, coupled with the continued easing of European Central Bank policy, you should consider that any gains for the euro in the forex market may be subject to a rapid collapse. According to reliable trading platforms, the EUR/USD is around 1.0538, the EUR/JPY is around 162.64, the EUR/AUD is around 1.6300, and the EUR/GBP is around 0.8350, according to the latest trading price updates.

Will Germany See New Leadership?

The economic recession could hit the current German leadership. Markets are watching the agenda of the Christian Democratic Union leader who is vying to succeed Olaf Scholz. Dear reader, beware that the return of Donald Trump means that the next German government may have to deal with a global trade war, complicated relations with Beijing, and possibly difficult choices regarding the conflict in Ukraine – with extremist parties ready to capitalize on any misstep. Amid this tension, the Council of Economic Experts, which advises the German government, has scrapped its economic growth forecast for 2024 to predict a second year of contraction, followed by a small economic growth rate of 0.4% in 2025.

European Central Bank Policies

The US Federal Reserve’s recent affirmation that it will not rush to cut interest rates if the US economy is strong is widening the gap between it and the European Central Bank’s policies, which are following a rate-cutting path and will not change its direction in the face of current European political and economic concerns. Obviously, this would be a significant downward pressure factor for the EUR/USD in the coming months. Recently, the European Central Bank has cut interest rates three times since last June due to declining inflation and a slowdown in the eurozone economy. Currently, It is widely expected that interest rates will be cut again in December 2024, when policymakers receive updated forecasts that will help them assess the outlook for the eurozone.

EUR/USD Technical Analysis and Forecast:

Technically, the downward trend of the EUR/USD currency pair is getting stronger by breaking the support at 1.0500 consolidates the bears’ control. According to the direction of the technical indicators, the next most important support levels will be 1.0440 and 1.0390, which in turn will move the technical indicators towards strong oversold levels and increase expectations for the EUR/USD price to move towards the parity price. Conversely, and on the same time frame, the daily chart for a break of the downward trend on the bulls will push the EUR/USD price towards the resistance levels of 1.0750 and 1.0840, respectively.

We advise you to sell the EUR/USD pair from each upward level.

Ready to trade our daily EUR/USD Forex analysis? We’ve made a list of the best forex demo accounts worth trading with. 

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18 11, 2024

Cardano Price Gets Massive 705% Prediction to Hit $5, Here’s the Roadmap

By |2024-11-18T16:07:18+02:00November 18, 2024|Crypto News, News|0 Comments

SPONSORED POST*

The crypto market is buzzing with excitement over the Cardano price, drawing fresh attention from both analysts and investors. Crypto analyst Babenski’s recent prediction on TradingView indicates a major upward trend for the Cardano price, with the potential for the altcoin to reach or even surpass $5. As the cryptocurrency market warms up, WallitlQ (WLTQ) also emerges as a promising asset, aiming to provide secure and efficient wallet solutions during its ongoing presale phase. 

Cardano Price Could Reach $5 Amid Bullish Momentum

Recent movements in the Cardano price have reignited optimism about a potential rally, with Babenski, a respected crypto analyst, projecting a parabolic increase to $5 by late 2025 or early 2026. If this prediction comes true, it would mean a 705% increase from current Cardano price, setting a new all-time high (ATH) for the cryptocurrency. Babenski based his forecast on technical analysis, highlighting a “falling wedge” pattern on the weekly chart. 

Cardano price has already broken out from this formation, with an initial price target of $1. According to Babenski, if Cardano can sustain its position above $1, it could enter a bullish phase that mimics its 2021 rally, ultimately pushing the Cardano price to $5 or higher.

The recent performance of ADA whales also supports this optimistic outlook. Data from IntoTheBlock shows a significant uptick in high-value transactions involving ADA, suggesting that major investors are regaining confidence in Cardano. 

The analytics platform Santiment also reported a surge in whale transactions, with 697 transactions involving amounts of $100,000 or more, a level not seen since the Cardano price hit a low in early September. This uptick in whale activity, coupled with a rise in unique ADA addresses engaging in daily transfers, indicates growing interest and potential retail FOMO (fear of missing out) in the near term.

WallitlQ (WLTQ) – Redefining Crypto Wallet Solutions with Security and Ease

As the Cardano price sees renewed momentum, WallitlQ (WLTQ) is also drawing attention during its ongoing presale. WallitIQ (WLTQ) provides a secure, easy-to-use crypto wallet, allowing users to safely store, manage, and interact with their digital assets—all in one place. 

Built to meet the needs of today’s crypto users, WallitIQ (WLTQ) combines practical features with advanced AI and machine learning for enhanced security and functionality. Key features include a Scan & Pay QR code for swift payments, a 24/7 AI chatbot for user assistance, and more, each aimed at simplifying crypto asset management.

With AES and ECC encryption technology, WallitIQ (WLTQ) secures users’ seed phrases and strengthens wallet protection. The Escrow Connect feature, powered by AI-Einstein, allows the platform to check external dApps before letting users connect, adding an extra layer of protection against scams and harmful links. 

WallitIQ (WLTQ) further incorporates biometric and facial recognition for an additional layer of security. After a detailed audit by SolidProof, WallitIQ’s infrastructure was confirmed as secure, with no vulnerabilities identified, providing users a reliable and well-protected platform.

The WLTQ token has raised over $954,300 in the first stage of its presale. As Cardano rallies with a potential target of $5, WallitIQ’s WLTQ token, already listed on CoinMarketCap, is making progress of its own, establishing itself as an appealing AI-powered crypto wallet solution in today’s market.

Conclusion

With the Cardano price forecasted to approach $5, the cryptoverse is full of potential. Meanwhile, WallitlQ (WLTQ) brings a feature-rich wallet solution, offering secure storage and advanced tools. By purchasing the WLTQ at a modest price of $0.0171 during its ongoing presale, early adopters stand to gain staking rewards up to 180% APY, earn unlimited referral bonuses, participate in governance decisions and lots more. 

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

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

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18 11, 2024

WeFi To Enter New Phase Of DeFi Following November $WFI Token Generation Event

By |2024-11-18T15:59:48+02:00November 18, 2024|News, NFT News|0 Comments


WeFi to Enter New Phase of DeFi Following November $WFI Token Generation Event h3>

Charlestown, Saint Kitts and Nevis, November 18th, 2024, Chainwire

WeFi, the next-generation financial platform dedicated to reimagining access to global financial tools, successfully holded the highly anticipated Token Generation Event for its native $WFI token on Friday, November 15th. Following the TGE, $WFI debuted on Bitmart on November 18th, opening up new avenues for participation and interaction within the WeFi ecosystem.

The $WFI token is the lifeblood of WeFi’s ecosystem, which seeks to empower users with a seamless blend of DeFi and traditional financial tools. Initially launched on Binance Smart Chain (BSC), $WFI will soon migrate to WeFi’s own WeChain blockchain, where it will power everything from liquidity pools and transaction fees to staking and advanced dApps. With a fixed supply of 1,000,000,000 tokens, $WFI was engineered to foster a unique ecosystem that values community participation and sustainable growth over quick gains.

The TGE for $WFI embodies WeFi’s commitment to a Fair Launch model, ensuring that all participants have equal access to the token from the outset, without the advantage of pre-sale allocations or VIP access. This Fair Launch approach aligns with WeFi’s mission to create a Financial ecosystem rooted in transparency and inclusivity, making $WFI accessible to a broad community of users.

A key feature that sets WeFi apart is its non-custodial account system, which seamlessly bridges Web3 and traditional banking. Users maintain full control of their digital assets while enjoying everyday banking convenience: their Web3 wallet connects directly to a non-custodial bank account linked to a credit card, enabling automatic spending from their crypto holdings without manual top-ups. This means users can spend their digital assets as easily as traditional currency while retaining complete custody of their funds.

This non-custodial design is expected to be a defining feature for WeFi, empowering users with secure, self-managed access to $WFI and positioning WeFi as a forward-thinking platform in the DeFi space.

A central pillar of WeFi’s approach is the Initial Technology Offering, or ITO platform, which facilitates community-driven token distribution through ITO nodes. These nodes allow early adopters to mine $WFI while also granting access to exclusive WeFi services, early listings, and additional rewards – creating a multi-faceted engagement model. Since its inception, the ITO platform has seen remarkable activity, with over 35 million $WFI tokens already minted, reflecting robust community support and interest in WeFi’s vision. Through ITO nodes, WeFi doesn’t just focus on mining but builds a network of committed users actively participating in the platform’s growth and evolution.

Maksym Sakharov, Co-Founder and Group CEO of WeFi shared his enthusiasm about the TGE and the ecosystem’s trajectory: “Our vision is rooted in the belief that access to the global economy is a fundamental right. We see a future where everyone, regardless of location or wealth, can claim their financial freedom through a secure, accessible, compliant, and fair financial system. We’re building a financial infrastructure that respects user autonomy and fosters inclusivity on a global scale. $WFI is the heartbeat of our platform; it facilitates everything from day-to-day transactions to secure staking, and it’s tailored for real use within our evolving ecosystem”. 

Sakharov added: “The TGE is a milestone that brings us closer to our vision of a new banking system where users truly own and benefit from the system they support. We’re thrilled to see $WFI go live on a major exchange, for more users to engage with WeFi and take control of their financial future.”

The $WFI listing on Bitmart at 11 AM UTC on November 18 kickstarted the journey. The deposits were opened on November 16 at 11:00 AM UTC, and withdrawals will be available starting November 19 at 11:00 AM UTC. This initial launch will boost liquidity and create new entry points for users globally, amplifying the reach of WeFi’s ecosystem.

As WeFi advances, the platform’s development roadmap includes further integration with the WeChain blockchain and the continued rollout of Neobank services. This TGE marks a significant chapter in WeFi’s journey to create a community-driven ecosystem that combines financial freedom with robust utility, thus signaling a new era of possibilities for decentralized finance.

About WeFi

WeFi is a pioneering global blockchain ecosystem and intelligent data platform dedicated to transforming finance through the integration of AI and blockchain technology. Focused on building a more inclusive and accessible financial system, WeFi leverages AI-driven nodes to analyze transactional patterns, proactively prevent financial crime, and deliver transparency, interoperability, and real-time insights to the global finance and fintech sectors. Through its Initial Technology Offering (ITO), WeFi invites early adopters to participate in the ecosystem, earning rewards while contributing to its mission of democratizing finance and setting new regulatory standards worldwide.

For more information, users can visit WeFi’s ITO website at wechain.ai or follow us on X for updates on $WFI and the WeFi ecosystem.

Contact

WeFi
press@wefi.co

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18 11, 2024

Cocoa, green tea can counteract junk food effects when stressed

By |2024-11-18T14:28:42+02:00November 18, 2024|Dietary Supplements News, News|0 Comments


Just in time for the holidays, some heart-warming news.

Flavanol-rich cocoa and green tea can protect your cardiovascular system against stress even after you eat fatty junk food, a new study finds.

“We know that when people are stressed, they tend to gravitate towards high-fat foods,” said lead study author Catarina Rendeiro, an assistant professor in nutritional sciences at the University of Birmingham in the UK. “We have previously shown that fatty food can impair the body’s vascular recovery from stress.”

Flavanol-rich cocoa and green tea can protect your cardiovascular system against stress even after you eat fatty junk food, a new study finds. Syda Productions – stock.adobe.com

Rendeiro’s team wanted to see if adding a high-flavanol food to the fatty meal would alleviate the effects of stress. Recent studies found that flavanols can lower the risk of Type 2 diabetes and dementia.

For the new research, a group of young, healthy adults each consumed two croissants with salted butter, 1 ½ slices of cheddar cheese and a high-flavanol or low-flavanol cocoa drink for breakfast.

The drink was prepared by dissolving 12 grams of cocoa powder into a cup of whole milk. The low-flavanol powder had 5.6 milligrams of flavanols per serving, while the high-flavanol cocoa powder had 695 mg of flavanols.

The Academy of Nutrition and Dietetics recommends adults consume 400 to 600 mg of flavanols daily.

“Flavanols are a type of compound that occur in different fruits, vegetables, tea and nuts including berries and unprocessed cocoa,” explained Rosalind Baynham, first author of the new paper. “Flavanols are known to have health benefits, particularly for regulating blood pressure and protecting cardiovascular health.”

People often turn to junk food during stressful times, but it can hurt your body’s recovery from the stressful episode. fizkes – stock.adobe.com

The study participants were allowed to rest after their breakfast before embarking on a stressful math test.

As they answered as many questions as they could in eight minutes, the researchers measured their blood flow and brain oxygen levels and assessed their risk of heart disease.

“This stress task induced significant increases in heart rate and blood pressure, similar to the stress you may encounter in daily life,” Baynham said.

The team found that consuming fatty foods with low-flavanol drinks while mentally stressed reduced circulatory system function, with the effects lasting up to 90 minutes after the stressful episode.

Blood flow was significantly better with the high-flavanol cocoa compared to the low-flavanol cocoa half an hour and 90 minutes after the stressor.

However, cocoa flavanols did not improve oxygen delivery to the brain or affect mood.

Flavanols can be found in green tea (pictured here), black tea and berries. Serhiy Hipskyy – stock.adobe.com

The findings were published Monday in the journal Food & Function.

“This research shows that drinking or eating a food high in flavanols can be used as a strategy to mitigate some of the impact of poorer food choices on the vascular system,” Rendeiro said. “This can help us make more informed decisions about what we eat and drink during stressful periods.”

Rendeiro recommends minimally processed cocoa powder — and if cocoa isn’t your cup of tea, you can try consuming green tea, black tea or berries.



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18 11, 2024

EUR/JPY Signal Today – 18/11: EUR Tests 200 EMA (Chart)

By |2024-11-18T14:08:05+02:00November 18, 2024|Forex News, News|0 Comments

Potential signal:

I would be a buyer of this pair if we can recapture the ¥164 level. If we get above there, I would put a stop loss at the ¥163 level and aim for the ¥167 level.

  • Dear my daily analysis of the yen related pairs, it’s worth noting that the euro initially did try to rally, but then it plunged.
  • Because of this, we are now testing the 200 Day EMA, which of course is an important indicator that a lot of people will pay attention to for the longer-term, and therefore think you get a situation where if the buyers are going to return, it’s probably going to be fairly soon.
  • All things being equal, this is a fairly ugly candlestick, so it’ll be interesting to see if we can get some of that “mojo back” from the previous move higher.

All things being equal, this is a pair that continues to favor interest rate differentials for the euro, with this being the case, the market is likely to continue to see a lot of people getting involved, as they can get paid at the end of every day to hang on to this pair. Quite frankly, even though the euro itself isn’t necessarily a currency that I liked, it is going to probably fare better than the Japanese yen going forward.

Technical Analysis

The technical analysis for the EUR/JPY currency pair of course suggests that there is a lot of support in this area, as the ¥163 level is an area that we’ve seen a lot of action at previously. That being said, the market is likely to continue to see the area between they are in the ¥162 level as a major “squishy support level.” By doing so, the market is likely to continue to see a lot of value hunters out there trying to get involved, and therefore I think you’ve got a scenario where people will look for a value play to get long again.

If we were to break down below the ¥161 level, then it’s likely that the pair could drop down to the ¥158.50 level, which is an area that we have seen a lot of support at previously. That would be a target for short sellers, but at this point in time I think they will probably be repudiated long before we get to that area.

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