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10 10, 2024

EUR/USD Analysis Today 09/10: Nears Key Support (Chart)

By |2024-10-10T01:33:19+03:00October 10, 2024|Forex News, News|0 Comments

  • Amidst selling pressure, the EUR/USD exchange rate is expected to witness further losses in the coming days and weeks, as some analysts see that a return to the 1.0780 support level is not impossible.
  • The recent losses of the EUR/USD reached the 1.0951 support level before settling around the 1.0970 level at the time of writing, amid anticipation of the announcement of the minutes of the last meeting of the US Federal Reserve and then the US inflation figures.

Regarding the expected price of the EUR/USD in the coming days: According to Tanmay Purohit, technical analyst at Société Générale, the recovery of the US dollar puts an end to the rise of the euro in 2024, at least in the short term. The analyst says: “The EUR/USD pair struggled to overcome the August peak near 1.1200 in a recent attempt to form a double top.”

EUR/USD Technical analysis and forecast:

Later, the EUR/USD pair gave up the 50-day moving average (1.1050) and fell below the neckline of the pattern, indicating the risk of a deeper decline. These developments come on the heels of strong, better-than-expected US data confirming that the US economy is not on the verge of recession, and that the need for further US rate cuts by the Federal Reserve is not urgent. Therefore, further cuts are certainly coming, but not as intensely and quickly as some had thought. Meanwhile, the European Central Bank will be under pressure to act again amid the slowdown in the Eurozone economy, with successive rate cuts likely at next week’s meeting. Overall, the divergence in interest rate outlook is putting EUR/USD under pressure again, and technical analysts are tasked with assessing the market levels that will come into play. The analyst added, “If EUR/USD fails to reclaim the moving average near 1.1050, the bearish move is likely to extend,” The next potential support levels could be found at 1.0900/1.0870, the 50% retracement level from April and 1.0780.

In the same vein, Fawad Razaqzadeh, FX analyst at City Index, said: “The technical outlook for EUR/USD has turned bearish.”

He explained that EUR/USD has now broken the 1.1000-1.1025 support zone, meaning it has created a temporary low. “Unless the exchange rate rises above this zone, the path of least resistance remains to the downside despite the slight uptick in prices so far this week,” the analyst said. He added that the next key support level to watch is around 1.0900, followed by the 200-day moving average around 1.0875.

On the stock trading front, US futures flat after market recovery U.S. stock futures were little changed on Wednesday after a rally led by technology stocks on Wall Street in the previous session. In regular trading on Tuesday, the S&P 500 and the Nasdaq Composite jumped 0.97% and 1.45%, respectively. Meanwhile, the Dow Jones Industrial Average rose 0.3%. Nine of the 11 sectors in the S&P 500 ended higher, led by technology, telecommunications services and consumer discretionary stocks. Also, Tech giants such as Nvidia (4.1%), Apple (1.8%) and Meta Platforms (1.4%) were notable performers. Meanwhile, energy and materials stocks, including Exxon Mobil (-2.7%), Chevron (-1.6%) and Southern Copper (-3.8%), fell. Clearly, the moves came after a strong U.S. jobs report last week raised hopes that the Federal Reserve will deliver a soft landing. Also, investors reacted to the sharp drop in oil prices, while the US 10-year yield remained above 4%. However, investors expect more volatility in the run-up to the US presidential election. Now, markets are looking ahead to the latest Federal Reserve meeting minutes and major bank earnings.

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10 10, 2024

What Can OPEC+ Do To Prevent Another Rout in Oil?

By |2024-10-10T01:04:48+03:00October 10, 2024|Forex News, News|0 Comments


The OPEC+ group may not have any options left to counter the extreme bearishness in oil markets by further restricting supply. Bullish sentiment is likely to re-emerge if there is good news on the demand front. 

For now, good news about oil demand looks a distant prospect, especially after the end of the peak summer driving season. Concerns about the Chinese economy and the country’s oil demand add to worries about slowing economic growth in the developed economies to depress markets. These concerns have prompted analysts and investment banks to lower their oil price forecasts for the end of the year.  

OPEC Starts Trimming Demand Growth Forecasts

Following the recent slide in oil toward the low $70s per barrel, the OPEC+ alliance delayed the beginning of the unwinding of 2.2 million barrels per day (bpd) of cuts by two months until December 2024. 

The decision did little to lift oil prices—the market was half expecting a delay, especially after OPEC cut in August its global oil demand growth view citing weakness in China.  

Related: Oil Prices Rise on Jumbo Fed Rate Cut

In its monthly report for September, OPEC further trimmed its demand growth outlook and further weighed on oil prices and market sentiment.    

In just two months, demand worries have flipped the bullish view of traders and speculators to the most bearish positioning in petroleum futures in recorded history since 2011. 

Money managers seem to have concluded that OPEC+ can’t or won’t announce additional production cuts to prop up prices, energy analyst John Kemp writes in his blog.

Most Bearish Positioning Ever

Signs of weak demand and weakening refining margins have weighed on oil prices and market sentiment, prompting speculators and money managers to slash their bullish bet on oil futures to the lowest on record dating back to 2011. 

In the week ended September 10, money managers held a net short position in Brent for the first time in recorded history, since 2011. 

The net length—the difference between bullish and bearish bets—flipped to a net short in the reporting week to September 10, as speculators and traders remained concerned about lower-than-expected global oil demand growth. Weakness in Chinese economic indicators and falling refining margins exacerbated the bearish sentiment on oil in the first two weeks of September.  

Moreover, persistent weakness across the refined fuel market helped drive an increase in the net short position in the European and U.S. diesel futures. 

“Combining the five major crude and fuel contracts, the net long of these fell to the lowest level since 2011, when the ICE Exchange started to collect Brent and gas oil data,” Ole Hansen, Head of Commodity Strategy at Saxo Bank, wrote this week, commenting on the latest commitment of traders (COT) report. 

Ripe for Rally?

Of course, the exceptionally bearish positioning in oil lays the foundations for a rally in which traders will look to cover their shorts. However, the market will need a flip in the narrative in demand for a rebound. 

Right now, there aren’t signs that demand is accelerating while supply continues to be steady. If the three OPEC+ overproducers, Iraq, Russia, and Kazakhstan, stick to their compensation schedules, some supply would come off the market in the coming months. 

But will this be enough to prevent an oversupply next year? 

Many banks say no. 

Weaker-than-expected demand is set to tip the oil market into a surplus over the next five quarters, Macquarie said last week as it lowered its Brent and WTI oil forecasts for the rest of the year.   

“As we enter shoulder and turnaround season, the ‘last hurrah’ for oil in the form of Q3 tightness is quickly fading as our balances contemplate heavy oversupply across the next five quarters,” Macquarie analysts wrote in a note. 

Just two weeks after lowering its Brent estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut its forecast again, now expecting the international benchmark to average $75 a barrel in the last quarter of the year. Analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting their Q4 oil price forecast.

Weaker Chinese oil demand, high inventories, and rising U.S. shale production have prompted Goldman Sachs to reduce its expected range for Brent oil prices by $5 to $70-$85 per barrel.

Citi expects oil at $60 per barrel in 2025 if OPEC+ doesn’t implement additional cuts to its production. 

So far, the group has not signaled any intention to deepen the output cuts. 

Analysts assume that OPEC+ will begin unwinding some of the current cuts early next year. Combined with rising non-OPEC+ supply, this will tip the market into oversupply for most of 2025, according to banks and analysts. 

A rebound in demand would be most welcome by oil bulls, but as-is, no signs have emerged in recent weeks about positive demand figures. Refining margins are falling and leading to reduced refinery run rates in Asia and Europe.

By Tsveana Paraskova for Oilprice.com

More Top Reads From Oilprice.com





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10 10, 2024

Does Green Tea Help With Bloating? Experts Share the Truth

By |2024-10-10T00:04:53+03:00October 10, 2024|Dietary Supplements News, News|0 Comments


Certain foods and drinks can increase the risk of digestive issues and bloating (hello, beans and soda). Yet others have the opposite effect, serving as de-puffers of sorts. Understanding which is which is helpful.

“Bloating is one way our bodies and digestive systems communicate that something is wrong,” says Dr. Indhira Ghyssaert, GP, a nutritionist and integrative medicine expert. “If we understand this, we can take the necessary steps to find the root cause of the issue or make dietary changes to support the metabolic system.”

Green tea is having a moment, with people calling it “nature’s Ozempic”—although we’ll save that story for another time. However, there’s long been chatter that green tea is a “debloat drink.” So, what’s the deal? Is green tea good for bloating?

Dr. Ghyssaert says there are no magic foods or drinks that reduce bloating, especially if you have an underlying condition. However, some might help. So, does green tea help with bloating? Nutrition experts spilled the tea on that and also shared what to drink and eat to get rid of bloating.

Related: Want to Lower Your Cholesterol and Improve Heart Health? Tea Can Help—Here Are the Best Types to Stock Up On

Does Green Tea Help With Bloating?

TL;DR: It can. “Green tea is made up of a plethora of amino acids, polyphenols, carbohydrates and fibers,” says Sarah Logan, MS, RD, CPT, a registered dietitian at Fay Nutrition.

Logan says that the composition can help rebalance bacteria in the gut, making it a “debloat drink.”

“The antioxidants help reduce inflammation in the gut, while the polyphenols help to act as a prebiotic or ‘food ‘ for your gut bacteria,” Logan says. “In addition, the catechins are able to help the gut microbiota create a better gut environment to help manage bloating in the future.”

Back up. Why would you want bacteria in your gut in the first place, you ask?

“In our gut, there are good bacteria living there and bad bacteria, making up our entire gut microbiota,” Logan says. “Think of it as a community, and our intestines are the big neighborhood they live in. Green tea helps to multiply the good bacteria that help us fight off disease, but also reduces the population of the bad bacteria at the same time.”

As a result, green tea not only helps reduce bloating, but Logan says the sipper also has sweet benefits like lowering the risk of chronic diseases.

An older research review from 2010 suggests green tea can have a diuretic effect, helping the body nix excess water and sodium and de-puff. A 2022 randomized control trial found that a Mediterranean diet with green tea supplementation might improve the gut microbiome and cardiometabolic risk factors.

Importantly, green tea was a part of a diet known for being super healthy (Mediterranean). So, remember, it’s not a miracle drug.

“Although green tea can be a great remedy for your discomfort, reasons for bloating can be complex,” Logan says. “Resolving a problem as complex as bloating depends on the root cause of why your bloating exists and may be only one piece of the puzzle to help alleviate the pain and prevent it from coming back.”

Related: Why Do Beans Make You Fart? RDs Share the Truth

How Much Green Tea To Drink To Debloat

The answer to this can vary depending on the person and the tea. However, Logan says three to five cups of green tea is generally the most effective dose to experience de-bloating benefits.

“This is providing approximately 180 mg of desirable catechins that provide the antioxidant effect of green tea and 80 mg of theanine, which provides the relaxation effect of green tea,” Logan says.

Remember, green tea often contains caffeine, so you’ll want to consider that when deciding how much to consume daily. “The FDA recommends limiting caffeine consumption to 400 mg daily for adults,” says Kiran Campbell, RDN, of Dietitian Insights. “One 250 ml cup of green tea contains approximately 30 to 40 mg of caffeine.”

Not a numbers person? Campbell did the math for you. “Based on this information, it is safe to drink up to 10 cups of green tea daily, so long as you do not have any medical reason to restrict caffeine further,” Campbell says.

That’s a lot of green tea. Want a bit more variety in your debloating toolkit? Nutrition pros offered more advice on what to drink to get rid of bloating (and some foods, too).

Related: Celebs Are Still Obsessed With Turmeric—but What Are the Benefits of This Superfood, Exactly?

What To Drink and Eat To Get Rid of Bloating

1. Ginger

Ginger is a solid choice for digestive issues, says Tami Best, MS, RDN, IFNCP, a functional and integrative registered dietitian with Top Nutrition Coaching. Best points to a study suggesting that ginger might boost gut health.

“Ginger is versatile and can be used in a wide variety of ways,” Best says. “For ease of use and convenience, consider [using] ginger cubes widely available in the freezer section of most grocery stores. These cubes can be added to smoothies, soups, teas and rice dishes.”

Pro tip: “Ginger is best consumed in the morning on an empty stomach or at times of discomfort,” Dr. Ghyssaert says.

2. Kiwi

Kiwi fruit might help you poop and reduce gassiness, per a small 2020 study of 11 healthy people.

“Kiwi fruit is shown to increase gastrointestinal transit time and contains both soluble and insoluble fiber that may improve gas-related abdominal issues,” Campbell says. “It is also a great natural remedy to relieve constipation.”

3. Fennel and fennel tea

Fennel is a plant in the carrot family, and Campbell says it and fennel tea can promote digestion and reduce bloat. She points to a 2018 study of 211 people with irritable bowel syndrome (IBS) that suggested that fennel oil mixed with turmeric extract improved their quality of life and symptoms.

4. Fermented foods

Campbell says fermented foods like kefir, kimchi and kombucha may improve intestinal microbiota, reducing bloating and GI symptoms.

“The mechanisms of action that these fermented foods have on our gut are not clearly understood though may be related to the presence of polyphenols and short chain fatty acids that these foods provide,” Campbell says.

5. Turmeric

Dr. Ghyssaert hails turmeric as a “powerful anti-inflammatory” ingredient.

“Turmeric’s active compound, curcumin, gives it that debloat ability,” she says. “It can be used as a spice and in teas.”

A small 2022 study of 51 people who took 600 mg of curcumin daily noticed improvements in bloating and stomach pains within four and 12 weeks.

6. Oatmeal

Start your day with a bowl of oats, and you may feel less bogged down by bloating.

“Soluble fiber helps create a gel and provides weight to stool to promote regular bowel movements and prevent constipation,” Best says, pointing to a 2015 review of people with IBS with these findings.

Up Next:

Related: ‘Ouch, My Right Side Hurts!’ Here’s What That Pain Might Mean, According to Experts

Sources:

  • Dr Indhira Ghyssaert, GP, a nutritionist and integrative medicine expert

  • Sarah Logan, MS, RD, CPT, a registered dietitian at Fay

  • Beneficial effects of green tea: A literature review. Chinese Medicine.

  • The effects of the Green-Mediterranean diet on cardiometabolic health are linked to gut microbiome modifications: a randomized controlled trial. Genome Medicine.

  • Spilling the Beans: How Much Caffeine is Too Much? FDA.

  • Kiran Campbell, RDN, of Dietitian Insights

  • Tami Best, MS, RDN, IFNCP, a functional and integrative registered dietitian with Top Nutrition Coaching

  • Assessing the Effects of Ginger Extract on Polyphenol Profiles and the Subsequent Impact on the Fecal Microbiota by Simulating Digestion and Fermentation In Vitro. Nutrients.

  • The effect of green kiwifruit on gas transit and tolerance in healthy humans. Neurogastroenterology & Motility.

  • Efficacy of bio-optimized extracts of turmeric and essential fennel oil on the quality of life in patients with irritable bowel syndrome. Annals of Gastroenterology.

  • The effect of curcumin on symptoms and quality of life in patients with irritable bowel syndrome. Sciendo.

  • The role of fiber supplementation in the treatment of irritable bowel syndrome: a systematic review and meta-analysis. European Journal of Gastroenterology & Hepatology.



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9 10, 2024

Mixed outlook as bulls and bears tussle near 0.8380: Analytics and Market news from 9 October 2024 16:22

By |2024-10-09T23:32:14+03:00October 9, 2024|Forex News, News|0 Comments

  • Overall, the EUR/GBP consolidates sideways with no clear trend.
  • RSI suggests rising selling pressure, while MACD indicates declining buying pressure in the short term.
  • Bulls failed to defend the 20-day SMA which wornsed the outlook

The EUR/GBP pair trades around 0.8380, consolidating sideways and displaying no clear trend. In addition, the cross lost the 20-day Simple Moving Average (SMA) which might a downwards leg.

The technical indicators present that the bulls are backing off. The Relative Strength Index (RSI) is at 46 in negative territory and declining, indicating rising selling pressure. The Moving Average Convergence Divergence (MACD) presents a decreasing green histogram, suggesting declining buying pressure.

Bullish pressure can prevail if the price can break through the resistance level of 0.8400 and firmly hold above the 20-day Simple Moving Average (SMA). If that happens, the EUR/GBP pair could rise to 0.8450 or even 0.8500. On the other hand, a decline below the support level of 0.8320 could lead to further declines below 0.8300.

EUR/GBP daily chart



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9 10, 2024

NFTs Are Mooning Again – Here’s The Five Top NFT Gainers Today, October 9

By |2024-10-09T23:06:25+03:00October 9, 2024|News, NFT News|0 Comments


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After several months of turmoil, the global non-fungible token market is gradually returning to an upside trajectory. Despite experiencing a very rough start earlier this month, the non-fungible token collections have seen their best performance last week in almost two months. Below, we have listed some of the top NFT gainers today, October 9, according to CoinMarketCap.com.

1. Mog Auras NFT Collection

Mog Auras, a non-fungible token collection featuring a limited supply of 2300 NFTs hosted on the Ethereum blockchain network, is the top gainer NFT collection today, skyrocketing in sales volume and price. In the past 24 hours, the Mog Auras NFT collection has seen its sales volume rise over 6,000%. Mog Auras NFT collection has a market cap of 356 ETH and a floor price of 0.16 ETH.

2. NoUnkes NFT Collection

NoUnkes, a non-fungible token collection featuring a limited edition of 10,000 NFTs created back to back in honor of the OG CryptoPunks at the BASE L2 network, is today’s top gainer. In the past 24 hours, the NoUnkes has seen its trading sales volume pumping 190.3% to 230 ETH. The NoUnkes NFT collection has a market capitalization of 5,000 ETH and a floor price of 0.0002 ETH.

3. Project AEON NFT Collection

Project AEON, a non-fungible token collection from the SPX6900 Labs featuring a limited edition of 3,333 NFTs, is another top NFT gainer today. In the past 24 hours, the Project AEON NFT collection has amassed a trading sales volume of over 172 ETH, representing a 98% surge from the past day. The project AEON NFT collection has a market capitalization of 5,047 ETH and a floor price of 1.499 ETH.

NFTs Are Mooning Again – Here’s The Five Top NFT Gainers Today, October 9

4. Milady Maker NFT Collection

Milady Maker, a non-fungible token collection from the digital asset firm Remilia, featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is another top NFT gainer today after recording a remarkable surge in sales volume. In the past 24 hours, the Milady Maker NFT collection has recorded a trading sales volume of 151 ETH, representing a 52% rise from the past day. It has a market capitalization of 34,605 ETH and a floor price of 3.4 ETH.

5. Sproto Gremlins NFT Collection

Sproto Gremlins, a non-fungible token collection from HarryPotterObamaSonic10Inu featuring a limited edition of 3,333 NFTs hosted on the Ethereum blockchain network, is our fifth top gainer NFT collection. In the past 24 hours, the Sproto Gremlins NFT Collection has amassed a trading sales volume of 120ETH, up 21% from the past day. This meme NFT collection has a market cap of 7,055 ETH and a floor price of 2.18 ETH.

Sproto NFTs

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9 10, 2024

Natural Gas Price Forecast – Natural Gas Continues to See Pressures From Above

By |2024-10-09T23:03:40+03:00October 9, 2024|Forex News, News|0 Comments


The time of year is typically bullish, not only due to the end of hurricane season, but the fact that colder temperatures are coming to the northeastern part of the United States. That of course drives up demand and therefore price. Keep in mind that the CFD that you are trading in the natural gas markets are based on futures contracts. And therefore, you’re actually thinking about winter at this point.

Short-term pullbacks, I do think find plenty of support near the $2.80 level, and then again at the $2.65 level. On the upside, I think that the $3.15 level will continue to be a little bit resistive, but I think we’re basically just digesting a lot of the gains that we’ve recently seen, and when you look at the action over the last two weeks or so, we have seen a shot higher, but it does look a little limp, so I think it wouldn’t take too much to cause the pullback to occur, which of course I think only ends up offering value.

For a look at all of today’s economic events, check out our economic calendar.



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9 10, 2024

Researchers Progress Improved Adulteration Detection Method for Dietary Supplements

By |2024-10-09T22:03:27+03:00October 9, 2024|Dietary Supplements News, News|0 Comments


In a recent study, Chapman University researchers have demonstrated the efficacy of a novel combination of DNA testing techniques in detecting dietary supplement adulteration. Published in Food Control, the work was led by Chapman student Diane Kim as part of her M.S. degree in Food Science, and the research team was overseen by senior author Rosalee Hellberg, Ph.D., Associate Professor in Chapman University’s Food Science Program.

Ginseng products are vulnerable to fraud, with cheaper plant materials substituted for genuine ingredients, posing risks to consumer health and safety. Using a new technique combining multiplex polymerase chain reaction (PCR) and DNA barcoding, the researchers were able to detect undeclared plant species in nearly half of the 50 ginseng supplements tested.

Specifically, DNA from undeclared species were found in 48 percent of supplement samples, including rice, wheat, avocado and pumpkin. Just one-fourth of products purely contained the expected ginseng species, while 16 percent of the samples contained both the expected ginseng species and other undeclared species, and 32 percent of the samples contained only undeclared species.

The promising testing method could help regulators and manufacturers assure authenticity and improve quality control in the dietary supplement industry.

For the study, Ms. Kim assessed a unique comparison of different genetic methods for authenticating ginseng supplements, eventually discerning an accurate method for identifying species and detecting adulterants. The researchers tested ginseng supplements for the presence of three common ginseng species used in therapeutic applications (Panax ginseng, Panax quinquefolius, and Panax notoginseng).

Authenticating herbal supplements like ginseng presents several challenges, including DNA degradation, natural variability in the amount of ginseng in the product, substitution of ginseng root with ginseng leaves or flowers, and cross-contamination during harvesting and processing. To overcome these challenges, the researchers chose to combine two distinct testing methods—DNA barcoding and multiplex PCR.

Although the new approach is a significant step forward in the field of supplement authentication, 28 percent of the samples could not be identified using either method. The failures in identification, along with the lack of ginseng species identification in numerous products, may be due to factors such as DNA degradation or interference from other compounds present in the supplements. In this context, a negative test result cannot prove the absence of a species in the product.

The researchers call for future research focused on combining DNA-based methods with chemical-based approaches to further improve ginseng detection and enable the quantification of undeclared adulterants.



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9 10, 2024

GBP/USD Forecast: Consolidating at Fresh Lows, Eyes on CPI

By |2024-10-09T21:31:38+03:00October 9, 2024|Forex News, News|0 Comments

  • Traders are still digesting last week’s events 
  • BoE Governor Andrew Bailey said the central bank might pivot to aggressive cuts.
  • The US NFP report revealed an unexpected 254,000 new jobs in September.

The GBP/USD forecast shows a period of consolidation after the recent slide to new lows. The pound remained weak after dovish BoE remarks last week. On the other hand, the dollar paused, holding on to gains made after an upbeat US NFP report. 

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Market participants were calm on Wednesday as prices paused in a slow start to the week. Consequently, traders were still digesting last week’s events, which pressured the pound and boosted the dollar. 

Last week, economic data and policymaker remarks pointed to an aggressive BoE and a gradual Fed. Bank of England Governor Andrew Bailey said the central bank might pivot to aggressive cuts depending on future inflation figures. 

Meanwhile, most US economic reports last week showed a resilient economy. The biggest catalyst came on Friday when the NFP report revealed an unexpected 254,000 new jobs in September. Moreover, the unemployment rate eased to 4.1%. Consequently, market participants slashed bets for a November rate cut, with futures suggesting a 25-bps rate cut. The dollar rallied to a seven-week high, weighing on its peers like the pound.

This week, the UK and the US will release more economic data that will continue shaping the outlook for rate cuts. Notably, traders will watch the UK GDP report on Friday, highlighting growth. Weaker-than-expected growth could put more pressure on the BoE to cut rates. Meanwhile, in the US, the FOMC minutes and the CPI report might contain clues on the Fed’s next policy moves.

GBP/USD key events today

GBP/USD technical forecast: Bears show exhaustion after sharp decline

GBP/USD Forecast: Consolidating at Fresh Lows, Eyes on CPI
GBP/USD 4-hour chart

On the technical side, the GBP/USD price is in a tight consolidation, slightly above the 1.3051 support level. Meanwhile, the bearish bias remains intact, with the price below the SMA and the RSI below 50. After a sharp drop, the price has paused. 

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However, the RSI is making higher highs, indicating exhaustion in the downtrend. If bears have weakened, they might fail to breach the 1.3051 support. Moreover, bulls might reverse the trend by breaking above the SMA. Nevertheless, if bears are taking a short break, the price might soon start making lower lows.

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9 10, 2024

Why Crypto Whales Are Accumulating this New Altcoin » The Merkle News

By |2024-10-09T21:29:30+03:00October 9, 2024|Crypto News, News|0 Comments

XRP whales are making moves, and it’s not just about Ripple anymore. With regulatory heat tightening around XRP, many crypto whales are on the lookout for the next big thing — and JetBolt is where their attention has landed.

JetBolt is a game-changing altcoin that stands out in 2024 with its Zero-Gas Technology and AI-powered utility. Already soaring past $270,000 in tokens sold, JetBolt (JBOLT) is turning heads fast and drawing in crypto whales. Keep reading to find out analysts’ price predictions for XRP and why JetBolt is blowing up this October.

XRP Price Prediction and Price Forecast for October 9, 2024

Ripple Lab’s XRP token remains a key player in the cryptocurrency market, particularly for cross-border payments. Despite recent challenges stemming from ongoing legal disputes with the U.S. Securities and Exchange Commission (SEC), XRP has shown resilience. Currently trading around $0.53, analysts predict that XRP could rise to $0.67 or higher if it breaks key resistance levels.

But the reality is much more painful for Ripple holders than these optimistic predictions. Currently, Ripple (XRP) hovers around the $0.48 – $0.55 resistance levels. Adding insult to injury, its week-long performance has been nothing but harrowing, with the market price of XRP dropping by 11.7%.

Uncertainties around Ripple’s volatility have led some crypto whales to seek opportunities beyond XRP. The crypto market has witnessed a shift in whale activity toward JetBolt (JBOLT), a new altcoin that has quickly gained traction. Let’s explore why JetBolt is becoming a fan-favorite among crypto whales.

What is JetBolt (JBOLT)?

JetBolt, a revolutionary new-generation cryptocurrency, has been making headlines with its innovative features and impressive presale performance. Launched in August 2024, JetBolt has quickly gained traction among crypto whales looking for their next big altcoin.

One of JetBolt’s most attractive features is its zero-gas technology, which allows users to transact without paying the fees typically associated with congested networks. This is a major advantage for whales who often move large volumes of tokens and prefer more efficient and gas-free platforms.

In addition to its zero-gas fees, JetBolt also offers AI-powered tools that provide users with curated news about the crypto market and the latest developments on the blockchain. This feature is particularly valuable for crypto users and investors who require accurate and timely data to make informed decisions.

Why is JetBolt’s Presale Soaring?

JetBolt’s ongoing presale has been a resounding success so far, selling tokens over $270,000 within two months. The token’s early buyers have been rewarded with significant bonuses through Alpha Boxes as well as staking rewards, further fueling interest among whales. Moreover, JetBolt launched as a fully functional altcoin even before its official listing on major exchanges.

Many XRP whales see JetBolt as a fresh opportunity to diversify their holdings, especially given the volatility surrounding traditional altcoins. JetBolt stands out with its advanced features, including immediate real-world utility, making it a compelling choice among new altcoins.

Why Crypto Whales Are Accumulating this New Altcoin » The Merkle News

Conclusion: XRP Faces Uncertainty While JetBolt Gains Momentum

As regulatory uncertainty continues to loom over Ripple’s XRP, particularly with the unresolved SEC lawsuit, crypto whales are diversifying into emerging altcoins like JetBolt (JBOLT) with promising features. JetBolt’s zero-gas technology and AI-driven insights make it an attractive alternative, especially as XRP’s price fluctuates within its current resistance bands. As XRP awaits clarity, JetBolt’s presale success and feature-rich ecosystem could position it as a favored choice.

Check out JetBolt’s presale and unique features below:

Note: This is not financial advice. Be aware of the risks and always conduct thorough research before looking into or buying cryptocurrency. All cryptocurrencies are risky.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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9 10, 2024

Invest $500 in This DeFi Token Today to Secure a $2 Million Crypto Portfolio by 2026

By |2024-10-09T21:05:38+03:00October 9, 2024|News, NFT News|0 Comments


As the world of cryptocurrency continues to expand, investors who make smart decisions early can still achieve life-changing returns. While Bitcoin and Ethereum have become household names, the new wave of investment opportunities is coming from DeFi (Decentralized Finance) projects. 

One such DeFi token that has captured the attention of savvy investors is FXGuys (FXG). With analysts projecting exponential growth for this project, an investment of just $500 today could potentially grow into a $2 million crypto portfolio by 2026.

What Is FXGuys?

FXGuys is an emerging DeFi project that aims to revolutionize the world of trading by combining traditional financial markets, like forex, with decentralized finance. The broker-backed prop firm allows users to trade crypto, indices, FX, and commodities—all on a decentralized platform with low fees and transparent execution.

What sets FXGuys apart is its Trade2Earn model. Unlike traditional trading platforms where traders only profit from winning trades, FXGuys rewards traders with $FXG tokens for every trade they make, regardless of whether the trade is profitable. This encourages constant activity on the platform and ensures continuous demand for FXG tokens, driving up their value over time.

In addition, FXGuys offers a prop firm funding program that gives talented traders access to up to $500,000 in capital. This innovative feature allows traders to execute larger trades without risking their own money, significantly enhancing their profit potential.

How $500 Could Turn Into $2 Million

The current presale for FXGuys presents a golden opportunity for early investors. In its Stage 1 presale $FXG tokens are priced at $0.03, making it an affordable entry point for those looking to make a high-reward investment. With the token expected to rise to $0.10 at launch and analysts predicting further gains, the potential for 100x to 400x returns is very real.

Here’s how the math works:
If you invest $500 today for $0.03 per FXG, you would own approximately 16,666 FXG tokens. As some analysts predict, if the token reaches $120 by 2026, your $500 investment would grow to a staggering $2 million.

While these numbers may seem ambitious, they are not unprecedented in cryptocurrency. Early investors in projects like Ethereum and Cardano have seen similar returns over a span of just a few years. With the right strategy, FXGuys could very well be the next major success story.

Why FXGuys Is Poised for Massive Growth

There are several factors contributing to FXGuys’ potential for explosive growth:

  1. Forex Market Integration: FXGuys taps into the massive forex market, which handles over $6 trillion in daily trading volume. By offering decentralized access to this market, FXGuys is opening the door to a new wave of traders and investors.
  2. Innovative Trade2Earn Model: The Trade2Earn model incentivizes constant trading activity, driving up demand for FXG tokens and ensuring liquidity on the platform. Users have a continuous reason to engage with the platform with every trade earning rewards.
  3. Prop Firm Funding: FXGuys’ prop firm funding program allows traders to access large amounts of capital to execute high-value trades, increasing their potential for profits while keeping their personal risk low. This feature alone sets FXGuys apart from most other DeFi projects.
  4. No Buy or Sell Tax: The platform’s no buy or sell tax policy allows traders to maximize their profits without worrying about losing a percentage to transaction fees. This is a significant advantage for investors looking to make the most of their trades.

Conclusion: A $500 Bet on FXGuys Could Pay Off Big

Investing in DeFi tokens like FXGuys (FXG) offers a rare opportunity to get in early on a project with massive growth potential. For those who missed out on the early days of Bitcoin or Ethereum, FXGuys could be the next chance to secure life-changing returns. With its innovative platform, strong presale performance, and real-world utility, an investment of $500 today could very well grow into a $2 million portfolio by 2026.

As the DeFi space continues to expand and evolve, FXGuys is positioned to be one of the standout projects of the coming years. Don’t miss out on this chance to be part of the next big crypto success story.

To find out more about FXGuys follow the links below:

Website | Whitepaper | Socials | Audit

Exclusive FXGuys Promo Code:

USE PROP10 FOR 10% BONUS

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 



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