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22 10, 2024

XAG/USD rises above $34.00 due to safe-haven flows

By |2024-10-22T14:22:12+03:00October 22, 2024|Forex News, News|0 Comments


  • Silver price receives support from the safe-haven flows amid rising geopolitical tensions.
  • Israel has targeted sites linked to Hezbollah’s financial operations in Beirut, heightening concerns about an escalating conflict.
  • With the US election just two weeks away, demand for safe-haven silver is on the rise.

Silver price (XAG/USD) continues its winning streak for the sixth consecutive day, trading around $34.10 per troy ounce during the Asian session on Tuesday. The demand for safe-haven Silver is increasing amid rising tensions, as Israel has targeted sites associated with Hezbollah’s financial operations in Beirut, raising fears of escalating conflict.

Israel’s potential retaliatory actions against Iran are also back in focus following an Iranian drone breach that detonated near Prime Minister Benjamin Netanyahu’s residence. Additionally, Israeli military forces intensified their operations on Monday, surrounding hospitals and shelters for displaced individuals in the northern Gaza Strip, which has hindered the delivery of essential aid to civilians, according to Reuters.

US Secretary of State Antony Blinken arrives in Israel on Tuesday as the first stop on a broader Middle East tour aimed at revitalizing ceasefire talks in Gaza and discussing the region’s future following the death of Hamas leader Yahya Sinwar.

As the tight US election approaches in just two weeks, demand for safe-haven Silver continues to rise. On Monday, Democratic presidential candidate Kamala Harris and her Republican rival, Donald Trump, presented starkly different messages on the campaign trail as they sought to win over undecided voters ahead of Election Day.

Moreover, easing monetary policies from major central banks are supporting non-yielding Silver prices. The Bank of Canada (BoC) is widely expected to announce a significant interest rate cut of 50 basis points at its upcoming monetary policy meeting on Wednesday.

Recent inflation data indicates that both the Bank of England (BoE) and the Reserve Bank of New Zealand (RBNZ) may contemplate potential rate cuts next month. Additionally, the US Federal Reserve (Fed) is projected to reduce interest rates by 50 basis points by the end of 2024.

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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22 10, 2024

how machine learning can optimise new product development

By |2024-10-22T13:03:39+03:00October 22, 2024|Dietary Supplements News, News|0 Comments



Artificial intelligence (AI) has burst onto the scene in recent years with a significant proportion of manufacturing and product-based industries now using it to optimise their workflows. This trend can certainly be seen in the nutraceutical space, as ingredient developers, supplement providers, marketers and quality testers have all begun to jump on the bandwagon to improve their operational functionality.


Because AI technologies are highly flexible, they can be used in a range of contexts. Therefore, companies should determine where this technology may benefit their business and how it might be incorporated to get the most out of it. To discover more about how AI can optimise the day-to-day activities of those working in the nutraceutical industry, Annabel Kartal-Allen spoke to PIPA’s VP of Science & Customer Success Catarina Aubreu, and LEHVOSS Nutrition’s Head of Brands and Marketing, Teresita Rudà.


AI … helps us to analyse vast datasets of ingredients and their properties


Creating specialist ingredient synergies


The nutraceutical market is highly saturated, so companies must push the boat out more than ever in terms of quality and formulation to create standout products. One way they can do this is by developing specialist or coactive ingredients that target popular health aspects, including cognition, gut and immune health. “AI — machine learning technologies, generative AI and natural language processing — helps us to analyse vast datasets of ingredients and their properties, as well as their bioactivity, molecular structure and any potential synergistic effects,” explains Catarina.


She continues: “This allows us to identify patterns and associations that we would otherwise miss if we were mining and analysing information manually. It can also predict which of these compounds will perform better, allowing researchers to identify promising ingredient combinations without extensive laboratory testing.” 


Teresita believes that AI can also be a great time-saving tool in this context: “When combining ingredients into a nutraceutical formulation, the chosen extracts must be carefully assessed — which often requires a lot of investment in terms of research and time. Utilising AI in this context allows a company to filter out a significant amount of work, while working more efficiently. This can help businesses to quickly understand what ingredients work better together; and, from there, more specific research can be done.”


Although AI can be a highly useful tool for nutraceutical developers, Teresita warns that “there will always be a point when humans will need to determine what’s best.” Essentially, identifying plant extracts or active ingredients from a huge database can advise nutraceutical developers in terms of which way they should take their research … and what they should be focusing on to best cater to their target audience.


 


Developing unique flavour combinations


As well as facilitating the development of unique and personalised nutraceutical formulations, AI can help researchers to produce novel and more innovative flavours for their supplements. “AI can improve the process efficiency of flavour development, potentially cutting the typical 50–150 iterations down to much fewer,” states Catarina. “By making the flavour development process less based on trial and error and more systematic, companies can tap into the consumer market via AI-collated preference data to provide tailored flavour recommendations for specific demographics.”


“Flavouring is very subjective,” Teresita adds, “but certain combinations will generally appeal to some populations more than others. AI can support the process of coming up with unique flavour combinations — possibly offering more than a team of developers might think of — all while considering the trends seen in specific consumer groups. It can also help product formulators to sift through vast amounts of data, using this to influence their approach to flavour development.”


AI can optimise time-consuming and effort-intensive use cases throughout the value chain


Mapping and predicting consumer trends and preferences


As personalised nutrition becomes a topic of increasing interest in the nutraceutical world, there is a strong incentive for companies to tap into this potential gold mine, details Catarina: “AI can optimise time-consuming and effort-intensive use cases throughout the value chain; a great example of this is in horizon scanning during R&D through formulation optimisation. Utilising real-time consumer data can allow organisations to access truly personalised recommendations for specific audiences based on evidence, not assumption.”


In terms of supplement formulation, predictive modelling and machine learning can rapidly analyse and augment vast amounts of data from multiple sources — including genetic information, health records, dietary habits, physical activity levels and gut microbiome characteristics. This allows for a comprehensive understanding of an individual’s unique nutritional needs and health status — informing dietary strategies for the management of specific health conditions or chronic diseases.


 


Streamlining ingredient and supplement R&D


Once a company has developed an appropriate formulation for an ingredient or dietary supplement, the priority becomes proving that the product does what it says on the tin; this is when research comes in. Teresita believes that AI plays a crucial role in running successful clinical trials and studies. “Research may be a big investment, but it can significantly enhance the credibility of a nutraceutical product or dietary supplement ingredient. When designing a study, AI can help researchers evaluate their previous findings and estimate a trial’s probability for success,  while also helping them to find the best way to conduct such investigations in future endeavours.” AI in nutraceuticals: how machine learning can optimise new product development


“It will also enable scientists to determine what kind of cohort needs to be recruited for a given study. Overall, this kind of technology can save them a lot of time and resources during the research process.” Catarina echoes this sentiment, stating: “There are millions of plant food compounds; yet we only know about a fraction of them (approximately 400,000 have been identified to date). AI technology enables companies to discover bioactive compounds much more quickly and efficiently than using a manual approach.”


“Machine learning can also be used to predict undiscovered health benefits that known functional ingredients may have, while uncovering unexpected ingredient associations much more quickly and accurately compared with using traditional methods.”


“AI can offer new market opportunities for nutraceutical developers and manufacturers; it allows them to reduce the cost of testing their functional ingredients while also slashing the time to commercialisation by enhancing a company’s predictive capabilities.”


 


Optimising quality control


Catarina also highlights that AI can play a key role in quality control: “Through the analysis of chemical interactions, potential synergies and dosage optimisation, AI can help companies to accelerate the discovery of effective and safe nutraceutical formulations.” She adds: “This technology can also indicate ways in which businesses can improve the bioavailability — and thus the absorption — of nutrients, bringing new, effective and clean-label products to market.”



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She also stresses that post-production quality control can specifically benefit from the technology: “With AI, you can directly enhance the quality control of nutraceutical production. By analysing data from various stages of the manufacturing process, this technology ensures that employees will be aware of when a process can be optimised, while also allowing consistency in product composition, adherence to guidelines and specifications, as well as compliance with regulatory standards.”


Although AI can’t replace every process in a company’s daily workflow, it can assist them by streamlining their efforts and enhancing the way they work. When used correctly, AI can be a highly useful tool that benefits both a company and its associates.



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22 10, 2024

GBP/USD Outlook: Sterling Recovers Ahead of BoE Speech

By |2024-10-22T12:40:32+03:00October 22, 2024|Forex News, News|0 Comments

  • The Bank of England governor might drop hints on future policy moves. 
  • The greenback was steady as traders priced a less aggressive Fed easing cycle.
  • US presidential election bets suggest a Trump win.

The GBP/USD outlook shows a rebound from recent lows as market participants await a speech from BoE governor Andrew Bailey. Meanwhile, the dollar remained near a two-and-a-half-month high as markets adjusted their Fed rate cut expectations and awaited the upcoming US elections.

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The Bank of England governor is set to speak this week and might drop hints on future policy moves. Therefore, traders will pay close attention to his speech later today. Despite Friday’s upbeat retail sales report, the UK economy has slowed down and is performing poorly compared to the US economy. At the same time, inflation eased below the BoE’s 2% target, prompting market participants to increase rate-cut bets. As a result, UK yields fell, weighing on the pound. 

Meanwhile, despite a slight retreat, the greenback was steady as traders priced a less aggressive Fed easing cycle. Recent economic reports have slowly shifted the outlook for rate cuts from aggressive to gradual. The US economy is holding up well, with the labor market and sales beating forecasts. At the same time, inflation increased more than expected in September, reducing the pressure to cut rates. 

Meanwhile, Fed policymakers have assumed a more cautious tone. Although they expect more rate cuts, the size and pace are unclear. Currently, traders are pricing an 89% chance of a 25-bps rate cut in November. 

Elsewhere, the US presidential election is on the horizon, and bets suggest a Trump win. If Trump wins, his tax and tariff policies might increase inflation and interest rates, increasing demand for the dollar.

GBP/USD key events today

GBP/USD technical outlook: Double bottom pauses downtrend

GBP/USD Outlook: Sterling Recovers Ahead of BoE Speech
GBP/USD 4-hour chart

On the technical side, the GBP/USD price trades between the 30-SMA resistance and the 1.2975 support level. The bias is bearish because the indicators and price action suggest a downtrend. The SMA is above the price, and the RSI is below 50, in bearish territory. 

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However, it has made a bearish divergence, indicating that the downtrend might be at its end. Furthermore, the price has made a double bottom at the 1.2975 support level. Therefore, the price might soon break above the SMA to revisit the 1.3100 resistance.

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22 10, 2024

Shiba Inu (SHIB) & Dogecoin Price Prediction For November 2024

By |2024-10-22T12:35:36+03:00October 22, 2024|Crypto News, News|0 Comments

Shiba Inu (SHIB) and Dogecoin (Doge) are the two most exceptional coins in the cryptocurrency market. Their solid reputations in the market as robust meme coins speak volumes about their efforts to ascend to the top of the crypto radar. Both tokens have noted modest price upticks in October. Now that we approach November, investors can’t help but wonder whether both tokens will hit a new ATH this month.

Also Read: Telsa (TSLA) Q3 Earnings to Arrive This Week: What to Expect

Shiba Inu (SHIB) Price Prediction

Shiba Inu (SHIB) & Dogecoin Price Prediction For November 2024
Image Source: Watcher Guru

Shiba Inu is trading at $0.00001841, down 4% in the last 24 hours. According to Lucie, SHIB’s marketing lead, the token is all set to launch its own DAO, with a slew of products waiting to be launched. Lucie updated us earlier on how the SHIB ecosystem is preparing to unroll SHIB DeFi, SHIB Socials, and SHIB Marketplace to woo investors.

With such developments happening across the board, the price of SHIB may spike to touch new highs soon. CoinCodex predicts that SHIB may feel a new price of $0.00001856 for November by mid-November 2024.

Image: CoinCodex

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 1.10% and reach $0.00001856 by November 21, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 70 (greed). Shiba Inu recorded 13/30 (43%) green days with 8.09% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”

Santiment earlier revealed that investors have largely been turning towards meme coins like SHIB and Doge to earn lucrative rewards. If this trend continues, it may help SHIB stabilize in the long haul.

Also Read: Donald Trump’s Tax Plan To Exempt 93M Americans From Income Taxes

Dogecoin (Doge) Price Prediction

DogecoinDogecoin
Source – Bitcoin.com

Dogecoin is also a noteworthy cryptocurrency that has lately been attracting heavy momentum. Despite the token’s modest price upticks this month, it continues to gain heavy speculative activity. Notable analyst Ali has shared a new price forecast for Doge, adding that it may soon hit an ambitious price mark of $10.

Per CoinCodex, Doge may also note a decline in November, possibly trading at a new low of $0.124387.

Image: CoinCodex

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.48% and reach $0.124387 by November 20, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 72 (greed). Dogecoin recorded 18/30 (60%) green days with 8.94% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”

Also Read: Spirit Airlines Jumps 50% in 24 Hours: Why is SAVE up Today?



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22 10, 2024

Impact of loneliness on micronutrient intake in aging adults

By |2024-10-22T11:02:26+03:00October 22, 2024|Dietary Supplements News, News|0 Comments


A recent study reveals that social isolation and loneliness are linked to lower intake of essential micronutrients in older adults, raising concerns about their impact on healthy aging and the need for targeted dietary interventions.

Study: Social isolation, loneliness and low dietary micronutrient intake amongst older people in England. Image Credit: De Visu / Shutterstock.com

A recent Age and Ageing study determines whether social isolation and loneliness are associated with lower micronutrient intake.

Micronutrient intake in older adults

Micronutrients are essential for multiple biological functions; therefore, their deficiency can affect the health of individuals of all age groups. For example, potassium, magnesium, calcium, and vitamin D play important roles in bone health.

Vitamin E, B, and folate deficiencies have been associated with an increased risk of cognitive decline and cardiovascular events. Likewise, inadequate iron intake can negatively affect physical capabilities.

Adequate dietary micronutrient intake is essential for healthy aging. However, multiple cross-sectional and longitudinal studies conducted in high-income countries have revealed that older adults, irrespective of gender, have considerable dietary micronutrient deficiencies, particularly iron in individuals 65 years of age and older, as well as folate, vitamins B6, C, and E, calcium, and magnesium.

It is crucial to identify the different factors that impact dietary micronutrient deficiencies in older populations. Previous studies have shown that lower socioeconomic status, depressed mood, advancing age, social isolation, and loneliness increase the risk of dietary micronutrient deficiencies.

Social isolation is often associated with limited community activities, living alone, and infrequent socialization. Thus, many of these individuals are lonely due to the lack of companionship, which may lead to depression, coronary heart disease, dementia, disability, and mortality.

Several behavioral and lifestyle factors, including smoking, poor adherence to medical advice, and physical inactivity, are associated with loneliness. A 2023 review also revealed that social isolation is consistently linked with poor fruit and vegetable intake.

About the study

The current study investigates whether loneliness and social isolation are associated with micronutrient intake below recommended levels among people 50 years of age and older. Nine micronutrient contents were evaluated, including magnesium, calcium, potassium, folate, and iron, as well as vitamins C, B6, B12, and E.

The English Longitudinal Study of Ageing (ELSA) started in 2002 and comprised 12,099 men and women between 50 and 90 years of age. In Wave 8 of ELSA, which involved 3,771 individuals, data on social isolation and loneliness measures were collected between 2016 and 2017.

Social isolation was measured using a scoring system ranging from zero to five, with higher scores indicating greater isolation. This index was also associated with unhealthy lifestyles, mortality, and disability.

Loneliness was measured using a scoring system, with scores ranging from three to nine, the latter reflecting greater loneliness. Diet was assessed using a questionnaire that included over 200 food and beverage items.

Wave 9 was conducted between 2018 and 2019 and focused on covariate factors, including age, gender, smoking status, education, marital status, and ethnicity, as well as nutrition assessments.

Study findings

A total of 2,024 women and 1,689 men with an average age of 68 years were included in the current study, most of whom were White, with a mean age of completing schooling being 16.8 years. Approximately 28% of the study cohort continued their education beyond 19 years of age.

About 6% of the study participants were smokers, whereas 17.2% reported impaired activities of daily living. The average daily calorie intake of the participants was 2,009 kilocalories (kcal).

Social isolation and loneliness were weakly correlated. After adjusting for age and gender, total energy intake was not associated with social isolation and was weakly negatively associated with loneliness.

Most study participants did not meet the recommended micronutrient levels. Furthermore, a limited number of participants consumed dietary supplements, as 4.2% and 13.7% took iron and vitamin C supplements, respectively.

Social isolation was associated with an increased risk of low consumption of five out of nine micronutrients, including vitamin B6, folate, magnesium, vitamin C, and potassium. A marginal association was identified between social isolation and iron intake.

Basic models that were adjusted for age, gender, and total energy revealed that loneliness was associated with folate, magnesium, iron, potassium, vitamin C, and vitamin E intake. However, none of these associations were observed following adjustment for physical activity education, ethnicity, marital status, and smoking. Sub-group analysis revealed an association between loneliness and vitamin C intake in the fully adjusted model in younger study participants.

Food insecurity and difficulty accessing stores to buy healthy food due to mobility issues were not associated with dietary micronutrient deficiency in older adults.

Conclusions

The current study indicated that the older population in England consumes dietary micronutrients in quantities lower than the recommended levels.

Social isolation also increased the risk of consuming low levels of magnesium, folate, potassium, and vitamins B6 and C. Marital status, smoking, educational attainment, and physical activity only contributed to micronutrient deficiency when they were included as covariates.

Taken together, these findings emphasize the need for targeted dietary strategies for men and women with minimal social contacts and limited involvement in community-based social activities.

Journal reference:

  • Steptoe, A., Fong, H. L., & Lassale, C. (2024) Social isolation, loneliness and low dietary micronutrient intake amongst older people in England. Age and Ageing 53(10). doi:10.1093/ageing/afae223



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22 10, 2024

BTC Slips To $67K, Altcoins Mimic Dip, But APT Up 11%

By |2024-10-22T10:33:20+03:00October 22, 2024|Crypto News, News|0 Comments

The crypto prices today appear to have faced a setback, as Bitcoin (BTC) price waned to the $67K level over the past day. Ethereum (ETH), Solana (SOL), & XRP prices also mirrored a downside momentum, sparking market concerns. Simultaneously, the global crypto market cap dipped 1.79% over the past day to rest at $2.33 trillion. However, the total market volume witnessed a 29.45% increase in value to $85.17 billion.

Here’s a brief collection of some of the top cryptocurrencies by market cap and their price movements today, October 22.

Crypto Prices Today: BTC, ETH, SOL, & XRP Encounter Turbulence

BTC price slipped as low as the $66K level in the past 24 hours after it touched a $69K level high. Simultaneously, ETH price backtracked to the $2,600 level today. Further, SOL and XRP prices dropped 1-2% in the interim. However, Aptos (APT) has defied the broader market trend to emerge among the day’s top gainers. So, let’s dig deeper into the prices of leading coins today.

Bitcoin Price Today

BTC price illustrated a nearly 2% dip in value at press time, reaching $67,302. The flagship crypto’s intraday low and high were recorded as $66,581.37 and $69,151.64, respectively. Notably, today’s waning action drastically contrasts with $294.29 million worth of inflows in Bitcoin ETFs as of October 21. Besides, BTC’s market dominance gained 0.02% from yesterday to 57.16%, hinting at a broader slumping action within the altcoins sector. Bitcoin’s market cap rested at $1.33 trillion today.

Ethereum Price Today

ETH price chart indicated a drop of roughly 3% over the past day and is currently trading at $2,641. The coin’s intraday low and high were $2,616.95 and $2,742.59, respectively. Notably, spot Ethereum ETFs registered $20.80 million in outflows as of October 21, per Sosovalue data. This decline in institutional interest aligns with today’s slumping action. Ethereum’s market cap rested at $318.07 billion today.

Solana Price Today

The crypto SOL’s price cracked nearly 2% in the past 24 hours and is now trading at $166. Solana’s intraday low and high were $161.81 and $171.43, respectively. Further, SOL’s market cap rested at $78.01 billion today. Intriguingly, Solana co-founder Anatoly Yakovenko recently questioned the Ethereum ecosystem’s vitality in light of Base L2, garnering considerable attention to the SOL ecosystem.

XRP Price Today

XRP price witnessed a roughly 1% drop in value and is currently sitting at $0.5429. The coin’s intraday low and high were registered as $0.5407 and $0.5594, respectively. XRP’s market cap stood at $30.79 billion today. Meanwhile, Ripple moved 200 million XRP amid the ongoing legal developments in the XRP lawsuit, adding to intrigue among market participants.

Meme Coins Performance Today

Besides, Dogecoin (DOGE) followed the broader market trend, declining 0.5% to $0.1446 today. Further, even Shiba Inu (SHIB) price sunk nearly 3% over the past day and is currently trading at $0.00001839. Meanwhile, Pepe C0in (PEPE), dogwifhat (WIF), and Bonk (BONK) prices slipped by 3%-6%.

Top Crypto Gainers Prices Today

Aptos

APT price surged nearly 11% at press time and is currently trading at $11.04. The coin’s 24-hour low and high were registered as $9.83 and $11.18, respectively.

Cat un a Dogs World

MEW price soared roughly 7% in the past 24 hours and is currently trading at $0.009147. The Solana meme coin’s 24-hour low and high were $0.008453 and $0.01043, respectively.

Axelar

AXL price noted gains worth 7% over the past day and is now trading at $0.8951. Its 24-hour low and high were $0.8245 and $0.9148, respectively.

Top Crypto Loser Prices Today

Bittensor

TAO price dipped nearly 7% over the past day and is now trading at $555.23. Its intraday low and high were $543.98 and $595.76, respectively.

Aerodrome Finance

AERO price tanked roughly 6% in the past 24 hours and is currently sitting at $1.20. The coin’s intraday low and high were $1.19 and $1.28, respectively.

Mog Coin

MOG price cracked 5% from yesterday and is now trading at $0.000002109. The coin’s 24-hour low and high were $0.00000207 and $0.00000229, respectively.

Besides, the hourly time frame charts sparked further speculations over the crypto prices today as BTC slipped 0.14%, whereas ETH waned by 0.12%.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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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22 10, 2024

Solana Price Prediction: SOL To Hit $200 Before November but This Crypto Is Set To Be The 220% Star Of Uptober

By |2024-10-22T08:32:37+03:00October 22, 2024|Crypto News, News|0 Comments

Solana has surprised the crypto market this cycle with the sheer strength of its momentum, gaining over 500% from the bear market lows. Many experts are predicting a move above $200 in the near term, while savvy investors are loading up on the crypto casino Rollblock (RBLK) in hopes that it will repeat Solana’s glorious portfolio-boosting run. Let’s see if now is a good time to buy this potential 100x upstart!

Will Solana (SOL) Adoption Lead To The ‘Flippening’ of Ethereum? 

Although Solana has had a promising month and is currently up 11% from its dip to $138, Solana is pushing against resistance here around $154, which is the site of some historical resistance. This could mean that Solana will take several attempts to break through the $156 supply zone, as Solana whales are likely to step in here to secure some profits from their recent buying spree.

If Solana can convincingly break above this level, then all bets are off and top traders are targeting the $200 level as the next likely move. However, if Solana rejects sharply from resistance at $160, then holders can expect to slide down toward $149 as a potential support zone. If this fails, Solana could well head down to $135 before finding its feet.

It recently emerged that the number of cryptocurrency holders worldwide has now reached 617 million. Of these, 100 million active addresses were found on the Solana chain. This shows the incredible adoption that Solana has enjoyed so far this year. 

Many Solana bulls predict that the multiple Solana ETF applications will be successful at some point in the next 6 months, leading to massive institutional inflows into the Solana ecosystem. At this point, it would be reasonable to start forecasting Solana’s flipping of Ethereum as the top Layer-1 chain in the market.

Rollblock (RBLK) Crypto Casino Gives Power Back To The People With Blockchain-Backed Betting

Rollblock (RBLK) is making a stand for the power of gamers with its pledge to bring transparent gaming back to the much-maligned online gambling industry. 

There are over 7,000 casino games to try on the Rollblock platform, including classics such as roulette and slot machines, as well as popular Rollblock exclusives such as Crazy Time. A brand new Sports Prediction League is proving extremely popular, enabling bets on all major sporting events. Leaderboards and competitive PVP modes will also lock players into a uniquely immersive casino experience like no other.

All winnings are collected in the native token RBLK, which is currently in stage 7 of its presale and selling out fast! Over $4.5 million of RBLK has so far been scooped up in a matter of months, meaning that investors should hurry to fill their bags while the price remains at the low $0.0315 level. 

A revenue-sharing scheme is set to massively reduce supply on exchanges, burning 60% of purchased tokens and allocating the rest to generous staking rewards. This has led experts to arrive at stunning 100x price predictions this cycle!

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22 10, 2024

XAU/USD eyes $2,740 and beyond on the renewed upside

By |2024-10-22T08:14:05+03:00October 22, 2024|Forex News, News|0 Comments


  • Gold price bounces back toward record highs of $2,741 on tepid risk tone.
  • The US Dollar pulls back, as Treasury bond yields pause and earnings season unfold.
  • The daily RSI sits just above the overbought territory, further upside in the offing?   

Gold price is picking up fresh bids to revert toward a new record high of $2,741 early Tuesday. The US Dollar (USD) buyers catch their breath, assessing the ‘Trump trade’ while gearing up for the US earnings season.

Gold price remains at the mercy of the US Dollar

The Greenback pulls back from the highest level in nearly three months against its major rivals in Asian trading on Tuesday, as the US Treasury bond yields consolidate their previous rally. A pause in the US Dollar and the Treasury bond yield upsurge allow Gold buyers to find some foothold after Monday’s sharp reversal from the all-time peak.

A tepid risk tone, uncertainty around the US presidential election and the market’s caution heading into the key US earnings reports revive the demand for the traditional safe-haven Gold price. However, it remains to be seen whether the Gold price sustains its upswing and refreshes a lifetime high as Chinese equities buck the broad downtrend and advance on China’s recent stimulus efforts.

Further, increased expectations of less aggressive easing by the US Federal Reserve (Fed) could also infuse fresh demand into the US Treasury bond yields and the USD, capping the bright metal’s bullish momentum.

On Monday, the benchmark 10-year US Treasury bond yields spiked nearly 11 basis points (bps) and lifted the Greenback across the board, following the commentary from Kansas City Fed President Jeffrey Schmid.

Schmid said in his prepared remarks that “lowering rates in a gradual fashion would provide time to observe the economy’s reaction to our interest rate adjustments and give us the space to assess at what level interest rates are neither restricting nor boosting the economy.”

Meanwhile, San Francisco Fed President Mary Daly noted late Monday that while she expects the Fed to continue slowly easing interest rates lower in the coming quarters, the Fed is still maintaining a data-dependent approach.

Against this backdrop, Gold price corrected sharply from a record high even though Wall Street indices tumbled, as investors resorted to profit-booking after recording their best performance last week.

Looking ahead, the US data docket remains dry and devoid of multiple speeches from Fed policymakers. Therefore, Gold traders will take cues from the broad market sentiment and any policies and trade developments from the three-day BRICS Summit, beginning on Tuesday.

Gold price technical analysis: Daily chart

Gold price is looking to retest the record high of $2,741, as buyers fight back control.

The 14-day Relative Strength Index (RSI) is pointing north while above the 70 level – the overbought zone. The leading indicator justifies the latest uptick in Gold price.

A firm break of the all-time high at $2,741 could challenge the rising trendline resistance at $2,746.

The next bullish target is seen at the $2,750 psychological barrier, which will likely be a tough nut to crack for Gold optimists.

Alternatively, the immediate support at $2,700, below which the October 18 low of $2,692 will be threatened.

A deeper correction could put the previous resistance now turned support at $2,670 to the test.

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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22 10, 2024

This is how matcha tea is drunk in Madrid: the trendy Japanese drink

By |2024-10-22T06:58:04+03:00October 22, 2024|Dietary Supplements News, News|0 Comments


Matcha tea arrived as a fad imported from the U.S., although it originated in Japan, but it has remained as an alternative option to coffee. Part of its success lies in the many benefits associated with it, among them that of giving energy in a more gradual way than coffee. Its strong flavor, close to that of seaweed, has led to the addition of other vegetable drinks or milk to sweeten it in the West. However, in Japan the preparation of this drink is a ritual related to Zen Buddhism, which is carried out calmly while mixing the water with a bamboo brush and specific bowls.

Teapots

Teapots is not a coffee shop, it is a tea shop and matcha tea has a special place in its menu. There is a sidereal advantage between drinking tea versus coffee, despite the fanaticism of the latter, and it is the pleasure of having a whole teapot of hot water so that you can make your own refill at your own pace. Because in tea time is a key factor and you can not go in a hurry, perhaps that is why it is less popular than coffee, taking into account the current zeitgeist.

📍Location: Calle de Postas, 26 (Downtown)

There are several facts that make HanSo Café one of those coffee shops that comes up a lot. First: they are so precise with the drinks they serve that they weigh the quantities so that everything tastes like what it’s supposed to taste like, without having too much water, milk or coffee. Second: matcha is not the only Japanese green tea they serve, they also have sencha . Third: although not specifically linked to the theme, they serve brunch all the time, at any time. A bonus: their menu is also in Japanese.

📍Location: corre. baja de san pablo, 51 (Downtown) and costanilla de los Ángeles, 7 (Downtown)

Maison Matcha

It took a while, but it has arrived: the first place in Madrid where matcha is the ingredient that occupies the entire menu. Influencer Violeta Mangriñán is in charge of this coffee shop (they also serve coffee) dedicated almost exclusively to making all versions of the most internationalized Japanese tea. In addition, they collaborate with Umiko Bake and all the pastries they sell go through their workshop.

📍Location: calle del monte esquinza, 33 (Chamberí)

Pan y Pepinillos Café

In Pan y Pepinillos they achieve a balance between the matcha tradition and the latest trendy blend with this tea. If you want to try the original version they follow the step by step of this ritual, although they have added an electric handle to the traditional bamboo whisk that makes it rotate faster. At the other end is one of their greatest hits: tea with ice, milk and a topping of blueberries that promises to be one of the best matcha in Madrid.

📍Location: Calle de El Escorial, 2 (Centro)

Umiko Bake

Umiko Bake was born as an extension of the restaurant that bears the same name, but its successes in its short existence have made it almost as popular as the sushi restaurant from which it was born. The winners of the award for the best roscón in Madrid for Christmas 2024 make a very fine pastry and always referencing the Japanese country. Of course, it was to be expected that they would end up serving some of the matcha they put in their exquisite mochis (a small, cold bun of stuffed rice paste) as a drink.

📍Location: Calle de los Madrazo, 18, BAJO (Downtown)





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22 10, 2024

Crypto Analyst Says Things Are ‘About To Get Interesting’ — TradingView News

By |2024-10-22T06:31:39+03:00October 22, 2024|Crypto News, News|0 Comments

The Ethereum price started the new week by extending last week’s gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out.

In light of the recent Ethereum price move, a crypto analyst has noted that the leading altcoin is gearing up for a massive move, and things are about to get interesting.

Things Are About To Get Interesting With The Ethereum Price

According to the analyst, known as @IamCryptoWolf on social media platform X, the current market conditions and technical setup suggest that Ethereum could be gearing up for a significant breakout, hinting that “things are about to get interesting.

The prediction is based on an analysis of Ethereum’s price action against the US dollar (ETH/USD) on a 3-day candlestick timeframe, where the analyst has identified the formation of an inverse head and shoulders pattern.

This inverse head-and-shoulders pattern is considered a powerful reversal signal in technical analysis, indicating a transition from a downtrend to an uptrend. The pattern consists of three distinct lows: the left shoulder, the head, and the right shoulder. 

The head forms the deepest low, while the two shoulders are smaller lows. The neckline, connecting the peaks between the shoulders, acts as a critical resistance level. Once price action breaks above this neckline decisevely, it often sparks a surge in bullish momentum.

In the case of Ethereum, the analyst identified this neckline at approximately $2,800. Ethereum has recently been trending upwards toward this level, suggesting that a breakout may be close. 

In terms of a breakout target, the analyst pointed to the $3,400 level as the first key price zone to watch. Breaking out of the $3,400 level would open up the path to Ethereum retesting its yearly high above $3,920 towards $4,000 and probably even creating a new one. 

The $3,400 and $3,920 price targets represent 25% and 45% increases, respectively, from the current price of Ethereum.

Ethereum And The Broader Market Context

The Ethereum price performance in 2024 has been closely tied to the overall market conditions, particularly Bitcoin’s movements. Many large market cap cryptocurrencies have started the week with gains, as many bullish traders look to continue on last week’s momentum.

The Ethereum price broke above $2,700 for the first time in October during this weekend as many addresses crossed into the long-term holding cohort, further increasing the bullish sentiment. At the time of writing, Ethereum is trading at $2,720 and is up by 2.83% in the past 24 hours. 

As things stand, the coming days could be pivotal for the rest of the year, with Ethereum potentially gearing up for a significant upward move above $2,800, making things ‘about to get interesting’ indeed.

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