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25 10, 2024

Highlight: The Web3 Games of Solana Breakpoint 2024

By |2024-10-25T11:03:07+03:00October 25, 2024|News, NFT News|0 Comments


The recently concluded Solana Breakpoint 2024 has indeed reached its goal: to bring together enthusiasts to explore the latest developments in blockchain technology and web3 in the Solana ecosystem, including crypto games.

What’s the significance: This article seeks to show the games showcased during the Solana Breakpoint 2024, where readers can try to play. 

What is Solana Breakpoint? 

As stated above, the Solana Breakpoint is a multi-day event that enables attendees explore the latest developments in blockchain technology and web3 in the Solana ecosystem.

  • Organizer: It is organized solely by the Solana Foundation. For this year, the event was supported by 10 major sponsors, 32 other sponsors, 19 crypto games, and 27 dApps within the Solana Ecosystem. 
  • Event’s Main Features: According to the organizer, Solana Breakpoint offers insightful talks, interactive workshops, networking opportunities, and exclusive updates from the Solana community, which were done during the 2024 edition. 
  • Target Audience: Solana Breakpoint is designed for both newbies and veterans in the crypto space, including developers, industry experts, artists, students, creators, entrepreneurs, and community members from around the world. 
  • Side Event: For this year’s event, there was only one side event, which was presented by Cambrian.One and focuses more as a builder’s hub.
  • The Gamer Village: The Gamer Village is a game expo inside the event venue. Similar to the set-up of the Philippine Web3 Festival and Yield Guild Game Roadtrip, there are booths of web3 games so attendees can try to play and earn merchandise. 

The Games of Solana Breakpoint

Sonic 

  • What it is: It is not actually a game, but a gaming-focused sidechain built on top of the Solana Network, similar to Ronin sidechain on Ethereum. 
  • Gameplay or Main Feature: Sonic is the first atomic Solana Virtual Machine (SVM) that aims to enable sovereign game economies that rollup and settle on Solana.
  • Game Link: https://www.sonic.game/ 
  • Solana Breakpoint 2024 Role: Anchor Sponsor

Aurory

Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is a free-to-play adventure creature collection game.
  • Gameplay or Main Feature: Aurorians are in-game NFT characters that players should own to explore an ancient temple hidden in the wildlands of Tokane.
  • Game Link: https://store.epicgames.com/en-US/p/seekers-of-tokane-a5986d 
  • Solana Breakpoint 2024 Role: Anchor Sponsor

Star Atlas

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  • What it is: It is a high-fidelity, immersive space adventure, and grand strategy massive multiplayer online (MMO) game. 
  • Gameplay or Main Feature: Players can fly their spaceship, build their fortune, and join one of three factions.
  • Game Link: https://play.staratlas.com/ 
  • Solana Breakpoint 2024 Role: Anchor Sponsor

GameShift By Solana Labs 

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  • What it is: It is also not a game, but a solution that can be integrated by game studios to their games for true asset ownership. 
  • Gameplay or Main Feature: GameShift allows for the easier creation of user-friendly web2 experiences while enabling games for asset trading, immersive game economies, and user-generated content. 
  • Game Link: https://gameshift.solanalabs.com/ 
  • Solana Breakpoint 2024 Role: Anchor Sponsor

Moon Boi Universe

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  • What it is: It is a cyber-fantasy role-playing game with action-packed battles, missions, and puzzles that will test the player’s wit and skill.
  • Gameplay or Main Feature: By playing Moon Boi Universe, players can unlock in-game characters, which can be sold and traded. These characters can be designed and decorated. 
  • Game Link: https://moon-boi-studios.github.io/mbubonkfish/ 
  • Solana Breakpoint 2024 Role: Activator

Valannia 

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  • What it is: It is a large-scale strategy MMO game.  that lets you play as a medieval lord, explore a vast world, and compete with other players.
  • Gameplay or Main Feature: Players will play as a medieval lord, where they need to compete with other players (PvP) and other in-game characters for territory and resources. 
  • Game Link: https://valannia.com/ 
  • Solana Breakpoint 2024 Role: Activator

Nyan Heroes

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is a hero-shooter-themed blockchain. 
  • Gameplay or Main Feature: The game features cats piloting giant mechs where in-game items are minted on Solana.
  • Game Link: https://store.epicgames.com/en-US/p/nyan-heroes-aacbbd 
  • Solana Breakpoint 2024 Role: Activator

Portals

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  • What it is: It is also not a game, but a game creation platform. 
  • Gameplay or Main Feature: The platform offers a drag-and-drop interface and a collection of customizable assets so creators can build immersive worlds, craft engaging storylines, and design captivating gameplay.
  • Game Link: https://theportal.to/ 
  • Solana Breakpoint 2024 Role: Activator

Earth From Another Sun 

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is an open-galaxy MMO looter-shooter game. 
  • Gameplay or Main Feature: Players have to command massive armies to fight alongside them, look for hidden treasures, craft legendary gear, and team up with other players.
  • Game Link: https://www.earthfromanothersun.com/ 
  • Solana Breakpoint 2024 Role: Activator

KiND KNIGHT

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  • What it is: A soon-to-launch game that claims to be the web3 Farmville on Solana.
  • Gameplay or Main Feature: Soon, players can literally farm and earn tokens. 
  • Game Link: https://kindknight.games/ 
  • Solana Breakpoint 2024 Role: Activator

UNKJD Soccer

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: The genesis game of UNKJD Studio, which is a free-to-play, soccer-themed game. 
  • Gameplay or Main Feature: It is an inventive mobile game that combines the sports, RPGs, and the fun of board games.
  • Game Link: https://www.unkjd.com/soccer 
  • Solana Breakpoint 2024 Role: Activator

ChillChat

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: A crypto gaming studio that [resented two games—Tearfallen and SOL Arena.
    • Tearfallen is an upcoming 3D action goguelike MMO game. 
    • SOL Arena is a Slither-like snake royale with real Stakes, PvP, and token versus token action.
  • Game Link:
  • Solana Breakpoint 2024 Role: Activator

Sleepagotchi

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: With a tagline, “Turn Your Sleep Into a Game,” this game allows players to track their sleep and get rewarded for it.
  • Gameplay or Main Feature: This game convinces players to build healthy sleep habits, earn rewards, and wake up with newfound energy.
  • Game Link: https://www.sleepagotchi.com/ 
  • Solana Breakpoint 2024 Role: Activator

Geno Pets

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is another app that promotes a healthy lifestyle, which adopts a move-to-earn model. 
  • Gameplay or Main Feature: This game convinces players to play digital pet by their side, where they need to explore and battle,  so they can evolve their pets. According to the developers, their pets are the players’ personalities.
  • Game Link: https://www.genopets.me/ 
  • Solana Breakpoint 2024 Role: Activator

The BackWoods

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is an exhilarating rogue-lite and slash and shoot ’em up game.
  • Gameplay or Main Feature: Players need to battle against demonic creatures using the in-game weapons minted as NFTs. 
  • Game Link: https://app.backwoods.gg/ 
  • Solana Breakpoint 2024 Role: Activator

Elixir

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is not a game but an ecosystem of games
  • Game Link: https://elixir.games/
  • Solana Breakpoint 2024 Role: Activator

Photo Finish 

Photo for the Article - Highlight: The Web3 Games of Solana Breakpoint 2024
  • What it is: It is a virutal horse racing game. 
  • Gameplay or Main Feature: Each player will own a digital horse, where they can compete with other digital horses owned by other players. 
  • Game Link: https://photofinish.live/ 
  • Solana Breakpoint 2024 Role: Activator

Echoes of Eldoria

  • What it is: It is a turn-based multiplayer role-playing game where two players compete to destroy each other’s rival teams
  • Gameplay or Main Feature: Each player’s team consists of 5 characters with unique attributes. Characters must engage in battles to earn XPs, which can be used to enhance each character’s attributes and properties.
  • Game Link: https://github.com/SolanaJam/EchoesOfEldoria 
  • Solana Breakpoint 2024 Role: Activator

This article is published on BitPinas: Highlight: The Web3 Games of Solana Breakpoint 2024

What else is happening in Crypto Philippines and beyond?



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25 10, 2024

How Supplement Regulation Revolutionized Wellness

By |2024-10-25T09:41:20+03:00October 25, 2024|Dietary Supplements News, News|0 Comments


The 1994 passage of the Dietary Supplement Health and Education Act (DSHEA) marked a turning point for the dietary supplement industry. Before this, the industry lacked proper regulation and faced a significant threat from the 1990 Nutrition Labeling and Education Act, which sought to classify supplements like herbs and amino acids as drugs. DSHEA emerged from a hard-fought battle, ensuring consumers could access natural, affordable resources to support their wellness journeys. 

DSHEA created a legitimate framework that allows companies to discuss their products and share science-backed benefits. It also established the supplement industry’s place between food and drugs, a regulatory gray area where innovation flourished. Over the past 30 years, the industry has grown into a $67 billion powerhouse, with supplements and herbs lining the shelves of major retailers and social media amplifying the wellness conversation. 

However, with this growth comes new challenges: Counterfeit products are sold online; social media influencers, artificial intelligence and Wall Street are reshaping the industry. “Pixie dusting”—adding insignificant amounts of ingredients to products—is a major concern, and experts are working to balance the need for modernized regulations with stronger industry self-regulation. 

As the industry looks ahead, innovation is key. In the next 30 years, will the industry further democratize nutrition and normalize supplements? Will supplements become a core pillar of health care? Watch this documentary celebrating DSHEA’s 30th anniversary and explore how this pivotal law continues to shape the future of health and wellness. 





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25 10, 2024

XRP Price Prediction: Ripple-SEC Battle Nears Its End, Why You Should Buy XRP And ETFSwap (ETFS)

By |2024-10-25T09:14:30+03:00October 25, 2024|Crypto News, News|0 Comments

Discover why investing in both XRP and ETFSwap could be a smart move, especially with ETFSwap still in its presale stage.

As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) nears its end, many investors are optimistic as the outcome may have a positive impact on the XRP price. Simultaneously, ETFSwap (ETFS) has emerged with new opportunities for crypto investors looking to make outstanding returns before the end of this year.

ETFSwap (ETFS): Promising Returns And Innovative Features Set To Attract Investors

ETFSwap (ETFS) is still in its presale stage, but many are predicting big returns for early buyers. As a DeFi platform built on the ERC 20 standard, ETFSwap (ETFS) is known for hosting tokenized exchange-traded funds (ETFs), allowing both retail and institutional investors to spread their portfolios across a wide array of asset classes. These ETFs include commodity ETFs, real estate ETFs, fixed-income ETFs, market ETFs, etc.

Many factors contribute to why investors are rapidly buying ETFSwap (ETFS), one of which is its incentivizing and customizable trading features that allow investors to multiply gains. On the ETFSwap platform, all listed ETFs carry a 10x marginal trading capital feature that positions investors for gains of 1,000%. In addition, investors can adjust positions on the listed ETFs using the 50x feature, which makes them eligible for a 5,000% return on investment. In order to incentivize its users, ETFSwap (ETFS) offers 87% in annual percentage yields (APY) as rewards for staking their tokens, further supporting the growth of its overall ecosystem.

With listings on major exchanges like CoinMarketCap, ETFSwap (ETFS) has also launched its beta platform on the Testnet, and investors are eager for the first phase of the main launch coming up in a few days. This phase will allow users to participate in various liquidity pools, staking activities, and access to live prices on all ETF currencies. Meanwhile, the second phase will feature advanced AI-powered tools (ETF Screener,ETF Tracker, and ETF Filter) that will be responsible for highlighting the best funds and fidelity for investors based on past and present market conditions.

ETFSwap (ETFS) collaborates with MiCa-compliant institutions to provide secure trading of these ETFs. In order to boost user confidence, ETFSwap has completed its KYC verification process with SolidProof, a cybersecurity and blockchain audit firm specializing in using manual and automated tests to check vulnerabilities in blockchain projects and protect financial institutions from malicious activities.

XRP Price Prediction Attracts Investors

In recent news, Stuart Alderoty, Ripple’s Chief Legal Officer, delivered significant news to the XRP community that the U.S. Securities and Exchange Commission (SEC) decided not to appeal Judge Torres’ summary judgment declaring that XRP is not a security in the Ripple Labs case. This development has created a positive atmosphere within the XRP community, leading to hopes that the XRP price could reach new highs.

Notably, Ripple whales play a vital role in XRP price movements. When Ripple whales make large purchases, it can signal bullish sentiment, driving the XRP price up as more investors flock in. Recent data from various sources shows that Ripple whales are accumulating XRP tokens as they prepare for a potential XRP price rally.

Based on technical analysis, the XRP price is forming a bullish pattern, with support levels around $0.50 and resistance near the $0.75 mark. If the XRP price can break through key resistance levels with the help of Ripple whales, the momentum could push the XRP price toward the $1 mark. On CoinMarketCap today, the XRP price is at $0.5445 with a market cap of $30.8 billion. As of writing time, the XRP price is 83.79% lower than the all-time high price of $3.40.

Join The ETFSwap (ETFS) Presale

While XRP stands at a pivotal moment that could redefine its market trajectory, ETFSwap (ETFS) is in the third stage of its presale, offering investors an opportunity of a lifetime with its native token (ETFS) selling for a low price of $0.03846. With over 3.6 billion tokens sold already, investors are quite certain on earning enormous returns on their investment with ETFSwap (ETFS).

For more information about the ETFS Presale

Visit ETFSwap Presale
Join The ETFSwap 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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25 10, 2024

Bitget Wallet Integrates ApeChain for Enhanced DApp and Meme Coin Trading

By |2024-10-25T08:59:24+03:00October 25, 2024|News, NFT News|0 Comments


Bitget Wallet Integrates ApeChain for Enhanced DApp and Meme Coin Trading

VICTORIA, Seychelles, Oct. 25, 2024 (GLOBE NEWSWIRE) — Bitget Wallet is thrilled to announce its integration with the ApeChain mainnet, the native blockchain of the Bored Ape Yacht Club. This collaboration opens exciting opportunities for users to engage with the ApeChain ecosystem, enhancing DApp interactions and meme coin trading experiences.

With the Bitget Wallet browser extension and mobile app, users can effortlessly switch to the ApeChain network without complex manual setups. This simplifies coin additions, enables seamless transfers, and provides straightforward access to decentralized exchanges (DEXs) for trading. Looking ahead, Bitget Wallet plans to introduce popular meme coin swap functionality and real-time market data for ApeChain, further enriching the trading experience.

Integrating ApeChain lowers the barrier to entry for users eager to explore this vibrant ecosystem and discover trending meme coins. With the ability to quickly tap into market hotspots and seize breakout opportunities, Bitget Wallet becomes an essential tool for savvy traders. Additionally, a dedicated section for ApeChain DApps has been added to the Bitget Wallet’s “Discover” tab, allowing users to connect easily with various decentralized applications and access innovative projects within the ecosystem.

In just 12 hours since its launch, ApeChain has recorded over 360,000 transactions, generating 495.17 APE in transaction fees, demonstrating its significant market potential. As the ApeChain ecosystem evolves, Bitget Wallet remains committed to enhancing its platform with more functionalities and services related to ApeChain, ensuring users receive the best possible trading experience.

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“With BAYC’s launch of ApeChain, we’re witnessing a pivotal shift in the crypto landscape,” said Alvin Kan, COO of Bitget Wallet. “As the NFT market faces declining interest, meme coins are emerging as the new frontier of crypto trading, much like NFTs did in their prime. This surge in meme coin popularity is attracting new investors and reshaping market sentiment. Bitget Wallet is dedicated to supporting the ApeChain ecosystem by providing seamless access to its DApps and facilitating meme coin trading, ensuring our users remain at the forefront of this dynamic environment.”

About Bitget Wallet

Bitget Wallet is the home of Web3, where endless possibilities come together in one wallet. Uniting over 40 million users, this non-custodial wallet brings everything onchain in one place-asset management, quick swaps, rewards, staking, trading tools, live market data, a DApp browser, and an NFT marketplace. With wallet options like mnemonic, MPC, AA, and a Telegram bot, Bitget Wallet serves everyone from beginners to advanced traders. Supporting 100+ blockchains, 20,000+ DApps and 500,000+ tokens, it connects to hundreds of DEXs and cross-chain bridges for seamless multi-chain trading, and offers a $300 million protection fund to keep your digital assets safe.

Experience Bitget Wallet Lite to start your Web3 journey.

For more information, visit: Website | Twitter | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f4d2176-be8a-4317-9a36-5b0a823289e8

CONTACT: For media inquiries, please contact [email protected]



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25 10, 2024

XAU/USD needs acceptance above $2,740 to sustain the uptrend

By |2024-10-25T08:56:00+03:00October 25, 2024|Forex News, News|0 Comments


  • Gold price turns south after facing rejection once again above $2,740 on Thursday.
  • The US Dollar licks wounds with Treasury bond yields amid a mixed market mood.
  • Technically, Gold price remains a ‘buy-the-dips’ trade, as range play is set to extend.

Gold price is on the back foot early Friday, as sellers return on a failure to find a strong foothold above the $2,740 static resistance yet again. Attention now turns toward a fresh batch of US economic data and speeches from US Federal Reserve (Fed) policymakers for a fresh direction impetus in Gold price.

Gold price eyes fresh US data for a range breakout

Gold price extends its upside consolidative mode into the second consecutive day in Asian trading on Friday. However, it remains confined in a familiar range since the start of this week even after recxording a fresh lifetime high at $2,759 on Wednesday.

The Gold price action is divided between the increased expectations that the Fed will opt for a less aggressive easing policy in the coming months and uncertainty around the US presidential elections combined with rife Middle East geopolitical concerns.

Additionally, the US corporate earnings reports also play a pivot role in driving risk sentiment, and hence the safe-haven US Dollar (USD) and Gold price.  

That said, the upcoming US Durable Goods Orders and preliminary Michigan Consumer Sentiment data could provide fresh hints on the state of the US economy, which could impact the Fed rate cut expectations and the US Dollar’s value in the near term.

Thus, Gold price could see a fresh direction move on the US data releases and a speech by Boston Fed president Susan Collins.

On Thursday, Gold price snapped its correction and rebounded 1% as the USD pulled back sharply with the US Treasury bond yields, as risk flows remained on Tesla’s earnings optimism while uncertainty in the run-up to the US election provided a fresh lift to Gold price.

Markets are pricing in a victory for the Republican nominee and the former US President Donald Trump in the presidential race, and his trade and fiscal policies are seen as inflationary, for which the Gold price could emerge as the go-to asset as a hedge against inflation.

Gold price technical analysis: Daily chart

Gold price has turned south once again to test the previous resistance now support at $2,723, the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to an all-time high of $2,759.

A failure to defend that level on a daily candlestick closing basis could accelerate the declines toward the 38.2% Fibo level of the same ascent at $2,700.

Further south, the 50% Fibo support at $2,681 will be put to the test, near where the 21-day Simple Moving Average (SMA) closes in.  

On the flip side, acceptance above the $2,740 static resistance is critical to resuming a sustained uptrend.

Gold buyers would then take on the $2,750 psychological barrier. The record high of $2,759 will be next on buyers’ radars.  

The 14-day Relative Strength Index (RSI) is pointing lower but holds comfortable above the 50 level, currently trading near 65, suggesting that any decline in Gold price could be seen as a good dip-buying opportunity.  

Gold FAQs

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

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

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

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

 



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25 10, 2024

Green Tea Market Size | Share | Competitive Landscape

By |2024-10-25T07:40:21+03:00October 25, 2024|Dietary Supplements News, News|0 Comments


Green Tea Market

The green tea market was valued at $14.8 billion in 2021, and is estimated to reach $29.3 billion by 2030, growing at a CAGR of 8.04% from 2022 to 2030.

Growing demand for healthy and plant-based drinks among young population to maintain their health is expected to contribute to the green tea market growth in the upcoming years.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/5317

Millennials are increasingly turning to green tea as a healthy, organic, and plant-based beverage. Green tea is made from the dried leaves of the Camellia Saneness plant. Green tea is a famous beverage that originated in China and is now enjoyed worldwide. Green tea provides numerous health benefits, including weight loss & maintenance, detoxification, and many others. Matcha green tea is a popular green tea that is crushed instead of steeped like conventional green tea. Two of the most popular green tea brands in the market right now are Lipton green tea and Tetley green tea.

The rising demand for good health boosting beverages is the major factor estimated to propel the green tea market demand in the upcoming years. Green tea’s health advantages are becoming more well-known as consumers become more interested on living a healthy lifestyle. Green tea provides a number of health benefits, including the reduction of the risk of cardiovascular disease. Over the forecast period, growing consumer demand for healthy beverages, such as green tea, is predicted to drive the market. This is due to the high incidence of lifestyle-related health conditions such as obesity and high blood pressure.

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The global green tea market is segmented on the basis of type, form, distribution channel, and region. By type, the market is sub-segmented into flavored and unflavored. By form, the market is classified into green tea bags, loose green tea leaves, and instant green tea mixes. By distribution channel, the market is classified into supermarket/hypermarket, convenience stores/specialty stores, and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

The companies involved in the green tea market are Unilever Plc., Tata Consumer Products ltd., Typhoo Tea, Associated British Foods Plc., The Begilow Tea Company, Tazo Tea Company, Numi Organic Tea, The Republic of Tea, Inc., East West Tea Company LLC., and Northern Tea Merchants Ltd.

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25 10, 2024

Will SOL Break the $200 Mark?

By |2024-10-25T07:13:26+03:00October 25, 2024|Crypto News, News|0 Comments

Since its retest around the $120.40 low on September 2, Solana’s native token, SOL, has been on a more potent bullish outlook, characterized by a seven-week rally, with only one bearish close during this period. Following this price uptick, the cryptocurrency’s market value has surged, breaking past key resistance levels of around $163.56, last seen on August 8. 

As of press time, SOL trades at $175.89, reflecting a 6.03% increase over the last 24 hours. Considering the altcoin’s optimistic price action, market analysts are projecting the token may hit the $200 mark in the coming weeks.

SOL Poised for Rally as Technicals Turn Positive

From a technical perspective, the SOL cryptocurrency is poised for a rally as key metrics hint at a bullish continuation in the near term. For instance, the relative strength index presently points upward, indicating the token’s bullish sentiment is building up in the short term.

Will SOL Break the 0 Mark?

With its RSI line at 58.82, there is more room for further price growth before reaching the overbought 70 level, suggesting that SOL may continue its upward momentum in the coming days. The moving average convergence divergence indicator at 6.49 paints an identical posture with the MACD line, reflecting a bullish crossover with the signal line.

Adding to this optimistic price action, the MACD’s histogram bars show green bars expanding above the zero line at 0.93. This implies that SOL’s positive outlook is strengthening in the short term. In addition, data from CoinGlas, an on-chain analytics platform, indicates an increase in buying pressure as the token’s OI-weighted funding rate remained consistently positive.

SOL OI-Weighted Funding Rate (Source: CoinGlass)SOL OI-Weighted Funding Rate (Source: CoinGlass)

This means Solana long position holders are willing to pay a premium to short ones to keep their positions open, indicating confidence in the asset’s potential for further gains. The cryptocurrency’s open interest also cements this bullish outlook, showing a 6.87% surge to $3.40 billion over the past 24 hours. Such optimistic data points paint a promising picture for the SOL token, possibly reaching the $200 threshold.

Will SOL Break Past the $200 Mark?

Given the current market conditions, the Solana cryptocurrency is poised to surge toward the $200 threshold, with the likelihood of surpassing it and reaching out for higher levels. However, the success of this move depends on various key metric indicators. For instance, the SOL token must challenge the $182.84 resistance, aligning with the 78.6% Fibonacci level, and close above it to confirm a sustained bullish trend. A breach above this level could push Solana toward the $200 zone.

Conversely, should the altcoin fail to meet these demands, its market value might revisit the $163.56 support level before attempting another bullish breakout. Yet, should this zone falter, the cryptocurrency might plummet deeper, possibly touching the $151.92 low around the 50% Fibonacci level.

Also Read: XRP Retests $0.51 Mark; Ripple vs. SEC Case Fuels Market Speculation

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25 10, 2024

XAG/USD consolidates around $33.60 amid falling US yields

By |2024-10-25T06:55:01+03:00October 25, 2024|Forex News, News|0 Comments


  • Silver price recovers from a four-day low but remains stuck in a $1 range, failing to capitalize on a weaker US Dollar and falling yields.
  • Momentum supports buyers, with RSI in bullish territory, as XAG/USD targets the YTD high of $34.86 and beyond.
  • A break below $33.25 could shift bias to neutral, with further support at $33.00 and the October 17 low of $31.32.

Silver consolidated at around $33.60 as grey metal bulls failed to capitalize on falling US yields and a weak US Dollar. At the time of writing, XAG/USD is seesawing within a $1 range and virtually unchanged.

XAG/USD Price Forecast: Technical outlook

Silver price recovered some ground after falling to a four-day low of $33.25. The uptrend remains intact, and if buyers lift the XAG/USD spot price above $34.00 a troy ounce, they could challenge the year-to-date (YTD) high at $34.86.

Momentum backs buyers, with the Relative Strength Index (RSI) persisting in bullish territory.

If XAG/USD clears the YTD high, the next key resistance levels would be the October 2012 peak at $35.40, ahead of challenging the psychological $40.00, and the August 2011 high at $44.22.

Conversely, if the grey metal drops below $33.25, the next support would be $33.00. The break below could shift the bias to neutral, and if sellers drive Silver’s below October 17 low of $31.32, XAG/USD might reach the 50-day Simple Moving Average (SMA) at $30.64.

XAG/USD Price Chart – Daily

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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25 10, 2024

Dogecoin Price Prediction: DOGE Momentum Could Ignite for Repeat of 2021 – But Can It Beat This Viral Crypto?

By |2024-10-25T05:12:21+03:00October 25, 2024|Crypto News, News|0 Comments

Dogecoin (DOGE) is back in the spotlight as analysts are predicting a parabolic run just like in 2021. With strong community support and Elon’s endorsements Dogecoin (DOGE) is ready for another rally. But as Dogecoin (DOGE) tries to repeat 2021, DTX Exchange (DTX) is emerging as a new contender. Can DTX outshine Dogecoin in the next crypto wave?

Dogecoin’s Parabolic Price Predictions

Dogecoin (DOGE) is at $0.13737 and down 1.54% in the last sessions.
Recent predictions say Dogecoin (DOGE) is about to have a big run.

Crypto analyst Javon Marks is predicting Dogecoin (DOGE) will break its all-time high (ATH) of $0.73 and go to $3. That’s a 400% move based on Dogecoin’s past performance and market cycles.

In the short term, Crypto Universe predicts Dogecoin (DOGE) will more than double to $0.37 in the next 2 weeks. That would be a new yearly high.

After a brief pullback after the US elections, Dogecoin could resume its up move and go to $1 and even $3 as Javon Marks is predicting.
Dogecoin has already risen 15% in the last week and is now trading at $0.13. It’s the best-performing cryptocurrency in the top 40, with a market cap of over $20 billion​.

Elon Musk’s Influence and Recent Rally

One of the main drivers of Dogecoin’s recent price move is Elon Musk. Musk’s public comments have had a big impact on DOGE’s price, and his recent mention of “DOGE” (Department of Government Efficiency) at a public event helped to push the price up​.

Musk’s involvement is still a big catalyst for Dogecoin’s growth, and rumors of Dogecoin (D.O.G.E) being integrated into X (formerly Twitter) as a payment option is fueling more interest in the cryptocurrency.

Technical Analysis: Bullish Breakout Ahead

Technically Dogecoin is looking very bullish. It’s in a breakout from a falling wedge pattern which means a 40% move by the end of 2024​. The wedge pattern is a reversal pattern from a downtrend to an uptrend so Dogecoin (DOGE) could see more gains in the coming months.

Despite the technical setup investors should be cautious as the market is always volatile especially with big events like the US elections coming up.

DTX Exchange: A New Contender?

While Dogecoin (DOGE) looks good, DTX Exchange (DTX) is gaining momentum in the crypto space. DTX is a hybrid trading platform with 1000x leverage and KYC-free trading, attracting investors from established coins like Dogecoin (DOGE) and Ripple (XRP).​ DTX has raised over $5.5 million in its presale and will reach $1 after its mainnet launch​. Some analysts are even predicting 50x returns for early investors by the end of 2024.

DTX’s hybrid platform with decentralized and centralized exchange features is attractive to traders looking for high returns. The presale has already seen a 300% increase in token price so DTX Exchange (DTX) is a good alternative to Dogecoin (DOGE) for those looking for new opportunities.

Dogecoin or DTX?

Dogecoin’s price prediction is looking strong and could see a big move in the near future. With Elon Musk’s backing and bullish technicals, Dogecoin (DOGE) could hit new highs. However, DTX Exchange (DTX) is a new option for those looking to increase DeFi’s growth.

Dogecoin wants to repeat 2021 and DTX is the new contender with features that will attract a different crowd. Next few months will decide which one will lead the next big move.

For more information, visit the Visit DTX Website, Buy Presale or Join The DTX Community.

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25 10, 2024

Gold Price Forecast: XAU/USD stabilizes around $2,735

By |2024-10-25T04:53:30+03:00October 25, 2024|Forex News, News|0 Comments


XAU/USD Current price: $2,736.27

  • Upbeat United States data helped the US Dollar after its early slide.
  • US data stands out on an otherwise quiet Friday.
  • XAU/USD turned neutral in the near term, sellers have no interest.

Gold price recovered some ground on Thursday, trading as high as $2,743.15 a troy ounce by the end of the European session. The bright metal shed some ground after the United States (US) unveiled upbeat macroeconomic data, albeit demand for the US Dollar remains subdued.

XAU/USD eased after the US reported that Initial Jobless Claims rose by 227K in the week ended October 18, much better than the 242K expected. Even further,  The flash US S&P Global October Composite PMI rose to 54.3 after printing at 54.0 final in September. Manufacturing activity improved to 47.8 from 47.3 in September, beating the anticipated 47.5. The services index printed at 55.3, up from 55.2 in the previous month and above the 55 forecast.

Still, the US Dollar has been unable to fully recover its upward poise, under pressure since early Asia amid mounting concerns about the outcome of the US presidential election. Meanwhile, Wall Street trades mixed. The Dow Jones Industrial Average (DJIA) sheds roughly 0.45% for the day, while the S&P500 and the Nasdaq Composite trade in the green.

Partially explaining USD near-term weakness are Treasury yields, retreating just modestly after reaching fresh multi-week peaks earlier in the week. At the time of writing, the 10-year note offers 4.20%, while the 2-year note yields 4.05%.

The macroeconomic calendar will include on Friday, US September Durable Goods Orders and the October Michigan Consumer Sentiment Index. Upbeat figures will likely give the USD a boost ahead of the weekly close.

XAU/USD short-term technical outlook  

The daily chart for the XAU/USD pair shows bulls retain control. Technical indicators resume their advances around weekly highs and after a modest downward correction, enough to erase overbought conditions. At the same time, the pair trades above bullish moving averages, with the 20 Simple Moving Average (SMA) currently hovering at around $2,670. At the same time, the pair found buyers around the  23.6% Fibonacci retracement of the $2,601.87/$2,756.36 rally at $2,721.20. The next relevant support level is 2,698.66, the 38.2% retracement of the same rally.

The 4-hour chart offers a neutral stance, although sellers are out of the picture. XAU/USD is hovering around a flat 20 SMA, but far above bullish 100 and 200 SMAs. The aforementioned 23.6% Fibonacci retracement provided near-term support during American trading hours, supporting additional gains ahead. Finally, technical indicators hover directionlessly around their midlines, not enough to define the next directional move.

Support levels: 2,721.20 2,708.50, 2,698.60

Resistance levels: 2,732.70 2,743.15 2,758.40



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