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12 11, 2024

Ripple (XRP) Price Prediction for This Week

By |2024-11-12T16:35:12+02:00November 12, 2024|Crypto News, News|0 Comments

XRP’s price action turned bullish this week.

Key Support levels: $0.54

Key Resistance levels: $0.68, $0.93

1. Key Resistance Under Pressure

Ever since Bitcoin moved above $74К, the altcoin market has started to rally in double digits. XRP is no different and registered a 14% increase in the past seven days. This pushed the price right under the key resistance at 68 cents which may fall at any moment.

Chart by TradingView

2. Buyers are Back, but Volume Lags

Even if buyers dominate right now, the volume has failed to make a higher high. A clear breakout above the current resistance may bring more attention to XRP, which will aim for 93 cents as the next major target.

XRPUSDT_2024-11-12_16-14-51
Chart by TradingView

3. MACD Turns Bullish

The momentum indicators, such as the weekly MACD, give a clear bullish bias. After some weeks of relatively low volatility, this could be the start of a major rally for XRP. Once the current resistance is broken, buyers will have a clear path towards $1.

XRPUSDT_2024-11-12_16-16-54
Chart by TradingView
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12 11, 2024

XAG/USD slides further to $30.00 as US Dollar extends rally

By |2024-11-12T16:30:05+02:00November 12, 2024|Forex News, News|0 Comments


  • Silver price weakens as Trump’s victory is expected to boost US growth and consumer spending.
  • The US Dollar rallies on expectations that the Fed could follow a slower policy-easing approach.
  • Investors expect the Fed to cut interest rates by 25 bps in December.

Silver price (XAG/USD) falls further to near $30.20 in European trading hours on Tuesday. The white metal weakens as the US Dollar (USD) strengthens on expectations that President-elected Donald Trump’s policies will boost the United States (US) economic growth and inflationary pressures.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, inches close to the key resistance of 106.00. The higher US Dollar makes the Silver price an expensive bet for investors. Meanwhile, 10-year US Treasury yields jump to near 4.37%. Higher yields on interest-bearing assets reduce the opportunity cost of holding an investment in non-yielding assets, such as Silver.

Trump vowed to raise import tariffs by 10% and lower corporate taxes in his election campaign, a move that will increase demand for domestic goods, boost labor demand and business investment, which will eventually prompt inflationary pressures and allow the Federal Reserve (Fed) to follow a more gradual rate-cut cycle.

In the December meeting, there is a 65% chance that the Fed will cut interest rates by 25 basis points (bps) to 4.25%-4.50%, according to the CME FedWatch tool.

Going forward, investors will focus on the US Consumer Price Index (CPI) data for October, which will be released on Wednesday for fresh interest rate guidance. Also, a slew of Fed officials, including Chair Jerome Powell, are set to speak this week.

Apart from the US Dollar’s strength, an absence of direct stimulus in the Chinese economic package to revive the economy has also weighed on the Silver price. Silver, as a metal, has applications in various industries associated with renewable energy and mining. A scenario of bleak growth in China weighs on the Silver price.

Silver technical analysis

Silver price declines toward the upward-sloping trendline around $29.00, plotted from the February 28 low of $22.30. The white metal weakened after breaking below the horizontal support plotted from the May 21 high of $32.50.

The near-term trend of the Silver price has weakened as the 20-day Exponential Moving Average (EMA) starts declining, which trades around $30.26.

The 14-day Relative Strength Index (RSI) slides below 40.00. A bearish momentum will trigger if the RSI (14) sustains below the same.

Silver daily chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

 



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12 11, 2024

Broadening Formation unfolding, probably bearish: Analytics and Market news from 12 November 2024 11:34

By |2024-11-12T14:41:24+02:00November 12, 2024|Forex News, News|0 Comments

  • USD/JPY is probably forming a bearish Broadening Formation price pattern. 
  • These often occur during periods of market volatility and end with a breakout lower.

USD/JPY is probably forming a Broadening Formation price pattern which began in the last week of September. 

The Broadening Formation occurs when price starts to go sideways but forms higher highs and lower lows with each leg of its unfolding. When the highs and lows of the range are connected with trendlines this creates a widening range, or price pattern. 

USD/JPY 4-hour Chart 

Broadening Formations usually occur during periods of high market volatility as has been the case during the formation of the one on USD/JPY which coincides with the US presidential election. 

When it forms at a price top the pattern is bearish as is the case with the one on USD/JPY. Eventually price is likely to break below the lower boundary line and decline rapidly lower. The distance it is likely to go depends on how wide the pattern becomes at its broadest point.

It is difficult to determine when these patterns have concluded, however, it is worth keeping USD/JPY on a watchlist and assessing its maturity as it evolves. 

The Moving Average Convergence Divergence (MACD) momentum indicator is a useful indicator for trading the up and down legs of the pattern. The blue MACD tends to be a useful indicator of turning points in price as it turns above or below its red signal line.

 



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12 11, 2024

BTC, ETH and XRP Price Prediction for November 11

By |2024-11-12T14:34:22+02:00November 12, 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 positively for most of the coins, according to CoinMarketCap.

Article image
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 3.09% since yesterday, having set a new all-time high.

Article image
Image by TradingView

On the daily chart, the price of BTC keeps growing after yesterday’s bullish closure. As there are no vital levels nearby, one should pay attention to the nearest bar peak of $81,482. If the candle closes far from it, the upward move is likely to continue.

Bitcoin is trading at $82,063 at press time.

ETH/USD

Unlike other coins, the price of Ethereum (ETH) has dropped by 0.44% over the last 24 hours.

Article image
Image by TradingView

From the technical point of view, one should pay attention to yesterday’s bar’s peak of $3,248. If buyers’ pressure continues, there is a possibility of seeing a level breakout, followed by a move to the $3,300-$3,400 zone soon.

Ethereum is trading at $3,186 at press time.

XRP/USD

The rate of XRP has increased by 0.21% over the last day.

Article image
Image by TradingView

On the daily chart, the price of XRP has made a false breakout of the resistance level of $0.6069. However, if the rate gets back to it, one can expect a blast to the $0.64 area by the end of the week.

XRP is trading at $0.5855 at press time.

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12 11, 2024

Will we benefit from the increase in world coffee prices?

By |2024-11-12T14:28:52+02:00November 12, 2024|Forex News, News|0 Comments


Experts predict that coffee prices on November 9, 2024 may increase depending on the region and supply.

Experts say that with unfavorable weather conditions in major production areas and high demand from major markets, domestic coffee prices are likely to continue to benefit from the rise in international coffee prices.

November 9, 2024 Coffee Price Forecast: Continue to benefit from the rising momentum of world coffee prices

Recorded in the trading session on November 8, 2024, today’s coffee price decreased by 1.000 VND/kg, ranging from 105.500-106.000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 105.800 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak, Gia Lai, Kon Tum 106.000 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 106.000 VND, down 1.000 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 105.900 VND/kg; In Kon Tum province, the price is 106.000 VND/kg, down 1.000 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 106.000 VND/kg, down 1.000 VND/kg compared to yesterday.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee was purchased at 105.500 VND/kg, down 1.000 VND/kg compared to yesterday.

Domestic coffee price on 8/11 in Dak Lak province; in Cu M’gar district, coffee was purchased at about 106.000 VND/kg, down 1.000 VND/kg compared to yesterday, and in Ea H’leo district, Buon Ho town, coffee was purchased at the same price of 106.900 VND/kg.

Coffee price update world At 20:00 on November 8, 2024, Vietnam time on the London exchange, the price of Robusta coffee futures contract for monthly delivery January 2025 on the London exchange was at 4.425 USD/ton, down 61 USD compared to the beginning of the trading session.

Coffee price forecast on June 9, 11:
Coffee price today November 8, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

The monthly delivery term March 2025 is 4.364 USD/ton, down 60 USD; the monthly delivery term May 2025 is 4.310 USD/ton, down 55 USD and the monthly delivery term July 2025 is 4.229 USD/ton, down 53 USD.

Coffee price forecast on June 9, 11:
Arabica coffee price on New York floor on November 8, 2024. (Photo: Screenshot of giacaphe.com)

Of which, the price of Arabica coffee on the New York floor at 20:00 on November 8, 2024 decreased in all terms, fluctuating at 249.80 – 254.20 cents/lb.

Specifically, the monthly delivery term December 2024 is 254.20 cents/lb; down 6.20 cents/lb compared to the beginning of the session. The monthly delivery term March 2025 is 253.65 cents/lb, down 6.10 cents/lb; the monthly delivery term May 2025 is 252.35 cents/lb, down 6 cents/lb and the monthly delivery term July 2025 is 249.80 cents/lb, down 5.95 cents/lb.

Coffee price forecast on June 9, 11:
Brazilian Arabica coffee price on November 8, 2024.(Photo: Screenshot of giacaphe.com)

Brazilian Arabica coffee prices today at 21:00 p.m. November 8, 2024 increased and decreased in opposite directions. Specifically, the monthly delivery term December 2024 was 311.10 USD/ton, down 1.88%; the monthly delivery term March 2025 was 311.15 USD/ton, down 1.72%; the monthly delivery term May 2025 was 317.55 USD/ton, up 5.10% and the monthly delivery term July 2025 was 314.00 USD/ton, up 4.95%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

The end of the year is always the peak period for coffee consumption in many countries due to the demand for holidays and Tet. This puts pressure on supply, especially when major producing countries such as Brazil are reducing output due to adverse weather.

Low production in major producing countries: Unfavorable weather conditions in major coffee growing regions such as Brazil and Colombia have affected production, causing market concerns about global coffee supplies.

Information for reference only. Prices may vary depending on locality.

Sources: https://congthuong.vn/du-bao-gia-ca-phe-ngay-9112024-lieu-co-duoc-huong-loi-tu-da-tang-cua-gia-ca-phe-the-gioi-357729.html



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12 11, 2024

Gummy Vitamins Market Forecast to Reach USD 40.30 Billion by 2030

By |2024-11-12T13:06:29+02:00November 12, 2024|Dietary Supplements News, News|0 Comments


Gummy Vitamins Market

The Gummy Vitamins Market is expected to grow at a compound annual growth rate (CAGR) of 12% throughout the forecast period.

𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Gummy vitamins are chewable dietary supplements shaped like available in various flavors, shapes, and colors. Made from ingredients such as gelatin, corn starch, water, sugar, and food colorings, these vitamins are designed to offer a convenient and enjoyable alternative to traditional pills. They are especially favored by individuals who have difficulty swallowing pills, and they serve as an appealing option for those seeking to supplement their diet with essential nutrients. Gummy vitamins are growing in popularity, offering benefits for overall health and helping to address nutritional gaps in the diet.

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚𝐲! https://www.maximizemarketresearch.com/request-sample/112749/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The increasing health awareness among consumers, particularly those in aging populations, is one of the major factors driving the demand for gummy vitamins. With a greater focus on prevention and wellness, people are turning to gummy supplements for their ease of consumption, especially when it comes to individuals with hectic lifestyles or those who have difficulty swallowing pills. The growing trend toward healthier eating and the rise in chronic health conditions further fuel the demand for these convenient, nutrient-packed supplements.

𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

There is a growing trend toward the development of gummy vitamins in various unique flavors, including lime, orange, cherry, and strawberry, as consumers increasingly look for personalized and enjoyable supplements. Key manufacturers are investing in new formulations and flavors to cater to the expanding consumer base. Additionally, there is a shift towards organic and naturally sourced gummy vitamins, with brands launching new organic product lines to meet the demand for healthier, cleaner alternatives in the market.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/inquiry-before-buying/112749/

𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The gummy vitamins market presents significant growth opportunities, especially in emerging markets where consumers are becoming more health-conscious and are seeking convenient nutritional solutions. The growing preference for easy-to-consume supplements among children, elderly individuals, and millennials presents a valuable opportunity for manufacturers to expand their product lines. Additionally, the expansion of e-commerce platforms provides an opportunity for reaching a broader consumer base, further boosting the growth potential of the gummy vitamins market.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭?

The Asia-Pacific (APAC) region dominates the global gummy vitamins market, accounting for 25% of the market share in 2023. The region’s rapid urbanization, growing health awareness post-COVID-19, and increasing prevalence of chronic diseases are all contributing factors to the rising demand for gummy vitamins. As one of the most densely populated regions with some of the fastest-growing economies, APAC presents a promising market for gummy vitamin manufacturers, with significant growth expected in the coming years.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/112749/ 

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

by Packaging Type

Bottles and Jars

Stand-up Pouches

Other Packaging Types

by Distribution Channel

Store-based

Non-store-based

by End-User

Adult

Kids

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐆𝐮𝐦𝐦𝐲 𝐕𝐢𝐭𝐚𝐦𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

• Nutra Solutions (US)

• Herbaland Naturals Inc. (Canada)

• The Nature’s Bounty Co. (US)

• ZanonVitamec Inc. (US)

• Life Science Nutritionals (Canada)

• Bettera Brands LLC (US), Softigel (US)

• Nature’s Way Products, LLC (US)

• Olly Public Benefit Corporation (US)

• Hero Nutritionals, LLC (US)

• SmartyPants Inc. (US)

• IM Healthcare (India)

• Makers Nutrition, LLC (US)

𝐆𝐞𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.maximizemarketresearch.com/market-report/global-gummy-vitamins-market/112749/ 

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Gummy Vitamins Market Size and Competitive Landscape

Gummy Vitamins Market Size, Share, Size & Forecast by different segment

Gummy Vitamins Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

Gummy Vitamins Market Segmentation – A detailed analysis by Product

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Gummy Vitamins Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐨𝐮𝐫 𝐭𝐨𝐩-𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐭𝐫𝐞𝐧𝐝𝐬:

♦ Rice Seeds Market https://www.maximizemarketresearch.com/market-report/global-rice-seeds-market/27572/

♦ Vinyl Records Market https://www.maximizemarketresearch.com/market-report/global-vinyl-records-market/108517/

♦ Global Golf Shoes Market https://www.maximizemarketresearch.com/market-report/global-golf-shoes-market/81868/

♦ Yerba Mate Market https://www.maximizemarketresearch.com/market-report/global-yerba-mate-market/23486/

♦ Medical clothing Market https://www.maximizemarketresearch.com/market-report/medical-clothing-market/147694/

♦ Healthcare Information System Market https://www.maximizemarketresearch.com/market-report/healthcare-information-system-market/124949/

♦ Contrast Media Market https://www.maximizemarketresearch.com/market-report/global-contrast-media-market/54969/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

MAXIMIZE MARKET RESEARCH PVT. LTD.

⮝ 3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

✆ +91 9607365656

🖂 sales@maximizemarketresearch.com

🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.



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12 11, 2024

EUR/USD Outlook: Looming Trump’s Trade Policy Sinks Eur

By |2024-11-12T12:40:12+02:00November 12, 2024|Forex News, News|0 Comments

  • The euro wallowed near a seven-month low on Tuesday.
  • Trump will likely impose higher tariffs on goods imported from the Eurozone.
  • Market participants await the October US inflation figures.

The EUR/USD outlook shows a steep decline as the euro suffers at the prospect of higher import tariffs in the US. Meanwhile, the dollar soared as Trump’s win painted a bright outlook for the US economy, reducing Fed rate cut expectations. 

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The euro wallowed near a seven-month low as investors sold the currency after Trump’s presidential win. Trump will likely impose higher tariffs on goods imported from the Eurozone. Such an outcome will significantly hurt the Eurozone economy.

On the other hand, it will boost the US economy as local businesses will flourish. At the same time, Trump’s proposal for more significant tax cuts will improve business conditions. A more robust economy will translate to higher inflation. The Federal Reserve recently pivoted from rate hikes to rate cuts. 

The US Central Bank increased interest rates to bring down sky-high inflation. Although price pressures have eased significantly from the peaks, the journey is not yet over. Inflation remains above the Fed’s 2% target. Nevertheless, policymakers voted to start slashing rates because all indicators showed that inflation was in a downtrend and would soon hit the target. 

Unfortunately, that outlook might have changed with Trump’s win. Now, there is a chance that inflation will start increasing before it reaches the target. Consequently, the Fed might become more cautious about rate cuts. 

Meanwhile, market participants await the October US inflation figures for more clues on whether the Fed will cut in December. Traders currently price a lower 69% chance of a December rate cut.

EUR/USD key events today

Neither the US nor the Eurozone will release high-impact economic reports. Therefore, markets will keep digesting Trump’s win.

EUR/USD technical outlook: Bears eye 1.0600 support in new downtrend

EUR/USD Outlook: Looming Trump’s Trade Policy Sinks Eur
EUR/USD 4-hour chart

On the technical side, the EUR/USD price has collapsed below the 1.0700 support to make a new low in the downtrend. Consequently, the bearish bias has strengthened since there is a lower high and low. At the same time, the price respects the 30-SMA as resistance, and the RSI is in the oversold region, suggesting solid bearish momentum. 

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The trend shifted when the price made a strong evening star candlestick pattern. If the new trend continues, EUR/USD will soon break below the 1.0600 support level.

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12 11, 2024

Here’s How Much 1 Dogecoin Will Be Worth If DOGE Market Cap Hits $100B

By |2024-11-12T12:33:12+02:00November 12, 2024|Crypto News, News|0 Comments

Dogecoin could move close to setting a new all-time high (ATH) if its market cap surges to $100 billion amid the ongoing bull run. 

Dogecoin (DOGE) has remained one of the top gainers in the second phase of the bull run. Amid the recent rally, the dog-themed token has achieved jaw-dropping milestones, including hitting a 52-week high of $0.3032 and ranking as the sixth most valuable cryptocurrency on CoinMarketCap. 

At the current price of $0.4048, Dogecoin is up 45.6% over the past 24 hours and 141.04% in the past seven days. Interestingly, Dogecoin’s market cap has also increased by 45.6% in the past day to $59.42 billion. 

Here’s How Much 1 Dogecoin Will Be Worth If DOGE Market Cap Hits 0B
DOGEUSDT 2024 11 12 07 59 37

Dogecoin Solidifies Its Dominance in Memecoin Market 

To put this into perspective, Dogecoin accounts for 52.92% of the total memecoin market cap of 112.28 billion, cementing its position as the number one meme-based cryptocurrency. 

Shiba Inu closely follows Dogecoin in the ranking with a market cap of $17.1 billion, representing 15.28% of the total memecoin valuation. Pepe and Dogwifhat are trailing SHIB, with their valuations worth $6.08 billion and $3.22 billion, respectively. 

Dogecoin Could Hit $100B Market Cap Soon 

Following Dogecoin’s impressive run in the past few days, there are speculations that the asset could hit a market cap of $100 billion in the 2024/2025 bull run. Specifically, market observer Jake Gagain predicted that Dogecoin would be the first memecoin to hit a $100 billion valuation. 

Hitting this valuation requires an increase of 68.29% from the current market cap of $59.42 billion. This could further solidify Dogecoin’s dominance in the memecoin market and potentially elevate the cryptocurrency to the fifth spot in the global crypto ranking, overtaking BNB (BNB), which currently has a valuation of $93.78 billion. 

Here’s Dogecoin’s Price if it Hits a Market Cap of $100B

As the Dogecoin community anticipates DOGE’s surge to a $100 billion market cap, we analyzed how much a single DOGE could be worth if this projection materializes. 

First, we considered Dogecoin’s circulating supply, which currently stands at 146,757,136,384 (146.75 billion) DOGE. If Dogecoin hits the $100 billion market cap, DOGE will trade at $0.6813 per token, assuming its circulating supply remains stable. 

It is worth mentioning that the projected price of $0.6813 is still 7.63% below Dogecoin’s all-time high of $0.7376, registered on May 8, 2021. Meanwhile, the $0.68 target is close to other predictions issued by other crypto proponents. 

As reported in August, popular chartist Javon Marks projected that Dogecoin could surge to $0.6533 in the coming months, referencing key technical indicators like the asset’s Relative Strength Index (RSI). 

In the meantime, Dogecoin is still showing signs of upward momentum, with The Crypto Basic setting a potential target of $0.5408 based on Fibonacci projections. 

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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12 11, 2024

XAG/USD depreciates toward $30.50 due to risk-on sentiment

By |2024-11-12T12:27:45+02:00November 12, 2024|Forex News, News|0 Comments


  • Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory.
  • The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies.
  • The dollar-denominated Silver struggles due to a stronger US Dollar and rising Treasury yields.

Silver prices (XAG/USD) experiences a third consecutive day of declines, trading around $30.60 per troy ounce during the Asian session on Tuesday. The precious metals sector, including Silver, is facing pressure due to a reduced demand for safe-haven assets.

Traders are increasingly shifting toward riskier assets as markets assess the potential impacts of US President-Elect Trump’s potential fiscal policies and monetary strategies. The possibility of tariffs being implemented early in Trump’s presidency could lead to inflation, which in turn may cause the Federal Reserve (Fed) to delay its expected easing measures in the coming year.

As a result, the dollar-denominated Silver is also struggling amid a stronger Greenback and rising US Treasury yields. The US Dollar Index (DXY), which tracks the value of the US Dollar against six major currencies, is hovering near a four-month high at 105.70. Meanwhile, the yields on 2-year and 10-year US Treasury bonds are at 4.28% and 4.32%, respectively, at the time of writing.

China’s recent stimulus measures have fallen short of investor expectations, undermining earlier hopes for industrial support in the largest manufacturing hub and negatively impacting the outlook for industrial metals across the board. This has put additional pressure on Silver, which has significant usage in electrification, particularly in solar panels.

Last week, China announced a 10 trillion Yuan debt package aimed at easing local government financing pressures and boosting the economy. However, the package did not include direct economic stimulus measures, which many had hoped for.

Meanwhile, Chinese-owned solar panel manufacturers have begun scaling back production, partly due to concerns that Trump’s election victory in the US could lead to higher tariffs on the sector. Morgan Stanley has predicted that the Trump administration may impose immediate tariffs of 60% on imports from China.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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12 11, 2024

Botanical Supplements Market to Surpass USD 68.73 Billion

By |2024-11-12T11:05:20+02:00November 12, 2024|Dietary Supplements News, News|0 Comments


New York, USA, Nov. 12, 2024 (GLOBE NEWSWIRE) — Market Overview:

As per the latest analysis by Polaris Market Research, the botanical supplements market size was valued at USD 35.61 billion in 2023 and is anticipated to grow to USD 68.73 billion by 2032. Also, the study reveals that the market is projected to exhibit a robust CAGR of 7.6% from 2024 to 2032.

Market Introduction:

What Are Botanical Supplements?

Botanical supplements, also referred to as herbal or herbal dietary supplements, are products made from plant sources. They are derived from various parts of plants, including their leaves, roots, seeds, berries, or flowers. Botanical supplements find applications in both traditional and complementary medicine. Also, these supplements are available in various forms, including tablets, capsules, soft gels, liquids, and powders. Garlic, green tea extract, valerian, and evening primrose oil are some common examples of botanical supplements used for health.

Botanical supplements have several known benefits. Women use botanicals like red clover and black cohosh to relieve mood swings and other symptoms associated with menopause. Extracts of St John’s wort may be helpful for individuals with depression, anxiety, and insomnia. Depending on the supplement and the individual’s specific needs and preferences, botanical supplements may be consumed orally, applied to the skin, or added to bath water. The development and launch of new products by major players to meet the rising need for botanical supplements boost the botanical supplements market growth.

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What Are Key Report Findings?

  • The market for botanical supplements was valued at USD 35.61 billion in 2023 and is projected to grow to USD 68.73 billion by 2032.
  • The market is anticipated to register a robust CAGR of 7.6% from 2024 to 2032.
  • The botanical supplements market segmentation is primarily based on source, form, distribution channel, application, end use, and region.
  • The key regions covered in the research study are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Who Are Market Key Players?

The market for botanical supplements has the presence of both established players and new entrants. The top players focus on R&D and other strategic developments to improve their product offerings and expand their global presence. The botanical supplements market key players are:

  • Amway Corporation
  • BASF SE
  • Blackmores Limited
  • Botanicalife International of America, Inc.
  • Dabur
  • GNC Holdings Inc.
  • Himalaya Wellness
  • Nature’s Bounty Co
  • Nutraceutical International Company
  • P&G Health

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Market Dynamics:

Which Factors Are Driving Market Growth?

In recent years, consumers have become more health conscious and now prefer natural products due to their enhanced therapeutic properties as compared to traditional pharmaceuticals, which may have side effects. Besides, the R&D initiatives supporting the safety and efficacy of botanical supplements are driving consumers to shift towards wellness lifestyles and preventive healthcare, thereby boosting the botanical supplements market demand.

Botanical supplements may improve the training and overall performance of athletes. As such, the sports nutrition and health sectors are offering a diverse array of products that improve the various aspects of athletic performance, thereby driving the market revenue.

What Are Top Market Opportunities?

The increased funding for research and development initiatives is supporting improvements in formulation techniques and extraction methods. This, in turn, has led to the introduction of higher-quality products with standardized doses and improved bioavailability. 

Which Region Leads Market Demand?

  • North America: North America accounted for the largest botanical supplements market share in 2023. The region’s robust growth is primarily attributed to the increased awareness among consumers about the health and immunity-boosting properties of botanical supplements to manage health risks.
  • Asia Pacific: Asia Pacific is anticipated to grow at the fastest CAGR from 2024 to 2032. This is due to the strong preference for herbs and botanical products in Asian countries such as China, Japan, and India. Besides, the region is a major hub for herb production and exportation across the globe.

What Are Recent Market Progresses?

  • In May 2024, botanical supplements market key player Phytaphix announced the launch of Neuro Phix, a capsule containing ellagic acid, boswellic acid, silymarin, curcuminoids, and vitamins B12 and D3. The new capsule aims to address inflammation, fatigue, and other symptoms in individuals with multiple sclerosis (MS).
  • In December 2023, Garden of Life unveiled its six botanical supplement products to maintain or enhance health. These supplement products include Stress Relief Gummies, Liposomal Berberine, Menopause Hair Growth Softgels, Heart Health Capsules, Brain Health Capsules, and Eye Health Softgels.


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https://www.polarismarketresearch.com/industry-analysis/botanical-supplements-market/inquire-before-buying

How Is Market Segmentation Done?

By Source Outlook:

  • Herbs
  • Leaves
  • Spices
  • Flowers
  • Others

By Form Outlook:

  • Powder
  • Liquid
  • Tablets
  • Capsules
  • Gummies
  • Others

By Distribution Channel Outlook:

  • Hypermarket/ Supermarket
  • Online Retail Stores
  • Drug Stores/Pharmacies
  • Health Stores

By End-Use Outlook:

By Application Outlook:

  • Energy & Weight Management
  • General Health
  • Bone & Joint Health
  • Gastrointestinal Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Anti-cancer
  • Others

By Regional Outlook:

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Netherlands
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Malaysia
    • South Korea
    • Indonesia
    • Australia
    • Vietnam
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Browse More Research Reports:

Probiotics Market

Omega 3 Market

Eubiotics Market

Feed Acidifiers Market

Food Amino Acids Market

About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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