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BRICS: Nigeria Plans To Sell Oil in Local Currency
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
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The End of the Road for Bonk?
While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s
Optimism (OP) Price Analysis
#Optimism (OP) has fallen into the red during the ongoing session as it stalled on Wednesday after failing to push above the resistance at $1.80. OP registered a significant drop on Friday, falling almost 8% to slip below the 20 and 50-day SMAs and key support levels and settle at $1.55. Buyers attempted a recovery on Saturday but could only push the price up marginally. However, the recovery gathered pace on Sunday as OP rose over 2% and settled at $1.59. OP faced considerable selling pressure
POPCAT Price Analysis: Bearish Wedge Pattern Suggests Potential Drop
POPCAT trades at $1.47, with a 0.11% rise in 24 hours, forming a bearish wedge pattern, indicating a potential price correction.
Key Points
1. Critical support level near $0.80; break could lead to significant downturn.
2. Bearish wedge pattern suggests potential sharp decline.
3. Market cap surpasses $1.4 billion, showcasing community support.
4. Analysts predict potential surge to $5 during next bull run.
Technical Analysis
1. Daily chart shows troubling signs, with every significant price ris
Key Points
1. Critical support level near $0.80; break could lead to significant downturn.
2. Bearish wedge pattern suggests potential sharp decline.
3. Market cap surpasses $1.4 billion, showcasing community support.
4. Analysts predict potential surge to $5 during next bull run.
Technical Analysis
1. Daily chart shows troubling signs, with every significant price ris
#BinanceEarnings presents a golden opportunity to grab some $BANANA !
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#CryptoAMA
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#CryptoAMA
Pi Coin Price Soars Over 60% as PiFest 2024 Kicks Off
The Pi Network IOU coin price surged over 60% in the last 24 hours, reaching a high of $86.15 and settling at approximately $64.18, as recorded on CoinGecko.
The recent price activity shows high volatility, with Pi IOU fluctuating between a 24-hour low of $38.93 and a high of $86.15. This substantial price range and trading volume of around $954,099 reflect strong speculative interest but also indicate low liquidity, which can lead to sharp price movements.
At the beginning of October, Pi coin w
The recent price activity shows high volatility, with Pi IOU fluctuating between a 24-hour low of $38.93 and a high of $86.15. This substantial price range and trading volume of around $954,099 reflect strong speculative interest but also indicate low liquidity, which can lead to sharp price movements.
At the beginning of October, Pi coin w
Since early October, XRP’s price has experienced a steep 26% drop,
Since early October, XRP’s price has experienced a steep 26% drop, forming a base of around $0.51. Recently Experts have seen a key technical pattern on XRP’s weekly chart—a symmetrical triangle that often signals a potential breakout. Some experts are optimistic, speculating whether #XRP could see a surge that brings its value to as high as $10.
XRP’s Price Breaks Out of Key Pattern
XRP’s recent breakout from a symmetrical triangle has turned heads in the crypto community, with analysts predic
XRP’s Price Breaks Out of Key Pattern
XRP’s recent breakout from a symmetrical triangle has turned heads in the crypto community, with analysts predic
#BinanceEarnings presents a golden opportunity to grab some $BANANA !
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Floki Inu Trading Volume Hits Impressive High Amid Volatility
#Floki Inu (FLOKI) token has been quite volatile in trading sessions, with the latest data showing a 6.87% decline from its previous value of $0.00013147. This fluctuation comes amidst a larger context of volatility within the meme coin sector.
The 24-hour trading volume stands at an impressive 310.76 billion FLOKI, with the corresponding USDT volume being 41.24 million, indicating significant trading activity.
The trading chart presents multiple key moving averages (MA) that offer insights into
The 24-hour trading volume stands at an impressive 310.76 billion FLOKI, with the corresponding USDT volume being 41.24 million, indicating significant trading activity.
The trading chart presents multiple key moving averages (MA) that offer insights into
Is THIS target still in sight after +22% weekly gains?
Is THIS target still in sight after +22% weekly gains?
Cats in a dog’s world [MEW], at press time, was on a strong uptrend. It has gained by +31% over the past week and 22.5% from Monday’s open. The bulls drove the price past the key resistance at $0.01, a Fibonacci extension level.
Another 12% and 32% move higher appeared likely, if the volume can keep up with the price move. Bitcoin’s [BTC] defense of the $66k support zone over the last 24 hours seemed to boost MEW’s chances of a rally too.
Cats in a dog’s world [MEW], at press time, was on a strong uptrend. It has gained by +31% over the past week and 22.5% from Monday’s open. The bulls drove the price past the key resistance at $0.01, a Fibonacci extension level.
Another 12% and 32% move higher appeared likely, if the volume can keep up with the price move. Bitcoin’s [BTC] defense of the $66k support zone over the last 24 hours seemed to boost MEW’s chances of a rally too.
#DOGE Price Prediction for October 25
#DOGE/USD
The rate of DOGE has declined by 0.71% over the last 24 hours.
On the hourly chart, the price of DOGE remains under sellers' pressure.
If the daily bar closes near the local support of $0.1374, one can expect an ongoing fall to the $0.1350 range tomorrow.
On the daily time frame, bears are also more powerful than bulls. If buyers cannot seize the initiative shortly, there is a chance to see a support breakout, followed by a test of the 0.13 zone shortly.
From the midterm point of view, traders should pay attention to the weekly candle closure in terms of the $0.1470 level. If it happens far from it, one can expect a correction to the $0.1250-$0.13 area.
DOGE is trading at $0.1392 at press time.
#DOGE/USD
The rate of DOGE has declined by 0.71% over the last 24 hours.
On the hourly chart, the price of DOGE remains under sellers' pressure.
If the daily bar closes near the local support of $0.1374, one can expect an ongoing fall to the $0.1350 range tomorrow.
On the daily time frame, bears are also more powerful than bulls. If buyers cannot seize the initiative shortly, there is a chance to see a support breakout, followed by a test of the 0.13 zone shortly.
From the midterm point of view, traders should pay attention to the weekly candle closure in terms of the $0.1470 level. If it happens far from it, one can expect a correction to the $0.1250-$0.13 area.
DOGE is trading at $0.1392 at press time.
