$$Dogecoin
The Unstoppable Rise of Dogecoin: The Trump Effect and the Alliance with Elon Musk

Dogecoin, a cryptocurrency that started as a joke in 2013, continues to surprise investors with its impressive rise. Despite its humorous origins, Dogecoin has proven to be a cryptocurrency with great growth potential.

The "Trump effect" is one of the factors contributing to this rise. The uncertainty and volatility generated by the policies of the former U.S. president have led many investors to seek refuge in alternative assets like cryptocurrencies.

Additionally, the alliance between Elon Musk and Donald Trump has generated significant interest in Dogecoin. Musk, known for his influence in the cryptocurrency market, has expressed his support for Dogecoin on several occasions. The alliance with Trump could lead to greater recognition and adoption of Dogecoin. With these factors at play, it is likely that Dogecoin will continue to rise up to 1 USD by December 2024#DogecoinCommunity #doge⚡

THE RISE OF THE DOLLAR IN 2025: In Colombia

Colombia, throughout its history, has demonstrated a lack of preparation for various emergencies, such as forest fires, landslides and droughts. This vulnerability has been highlighted once again by the recent internal wave of floods that is wreaking havoc in departments such as Chocó and La Guajira. The situation is critical and its consequences on the national economy could be devastating.

The immediate impact of these floods includes food shortages, as the affected agricultural areas cannot produce or transport their products. The destruction of vital infrastructure, such as bridges and roads, due to their poor maintenance, further aggravates this crisis. These combined factors are leading to a significant slowdown in the Colombian economy.

In this context, the value of the US dollar has experienced a considerable increase. Economic uncertainty and lack of confidence in the government's ability to handle these disasters have driven investors to seek refuge in more stable currencies. The devaluation of the Colombian peso against the dollar adds pressure to an already shaky economy.

The consequences of the rise of the dollar are not limited to the economic sphere. Prices of imported goods are skyrocketing, affecting the cost of living of citizens. In addition, the increase in the costs of importing inputs for the national industry could further slow down production and economic recovery.

To face these challenges, it is imperative that Colombia develops robust and sustainable strategies for emergency management. Investment in infrastructure and strengthening disaster response policies are essential to mitigate future impacts and improve the country's resilience to extreme weather events.

Going to 90.000 USD today?$BTC What you guys think?

Trump Effect on Latin American Currencies

The implementation of policies by Donald Trump since his first day in office in January, such as the expulsion of around 8 million undocumented immigrants to their home countries, will have a significant impact on the remittances of dollars to Latin American countries. This, in turn, will depreciate foreign currencies due to an increase in unemployment, lower local consumption, and high inflation in Latin America.

According to experts, the reduction of remittances will negatively affect the economy of countries like Mexico, which rely heavily on the remittances of their citizens abroad. This could lead to a decrease in demand for goods and services, which in turn would affect the economic stability of the region.

Additionally, Trump's trade policy, which includes tariffs on imported products from China and other countries, could also have a negative impact on foreign currencies. Tariffs could increase the prices of imported goods, which would reduce demand and affect the economy of exporting countries.

In summary, Trump's policies could have a significant effect on foreign currencies, especially in Latin America, due to the reduction of remittances and the protectionist trade policy.

*Economic Consequences*

- Reduction of remittances: decrease in the amount of money that immigrants send to their families in Latin America.
- Increase in unemployment: reduction in the demand for goods and services due to the decrease in remittances.
- Inflation: increase in the prices of imported goods due to tariffs.

Just as I predicted, #BITCOIN on its way to 80K USD
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*Bitcoin in Full Price Discovery: Predicted to Surge
Bitcoin (BTC) has been on a remarkable journey this year, breaking past several key resistance levels. I predict that Bitcoin could reach $80,000 in coming weeks, driven by a combination of factors including increased institutional adoption, positive market sentiment, and the recent presidential winning elections of DonaldTrump.

This trend, combined with recent market momentum, indicates that Bitcoin is reaching the $80,000 in November 2024

The #dólar US dollar broke the barrier of 4,400 Colombian pesos #cop in today's session, due to the drop in oil prices in international markets. This decline in crude oil prices has generated a higher demand for the US currency, which has put upward pressure on its value.

My prediction is that the dollar $USDC
could rise even further, reaching levels of up to 4,500 pesos in the coming weeks. This is because the Colombian economy remains vulnerable to changes in oil prices, the country's main export product.

The rise of the dollar will have a significant impact on the Colombian economy, especially in the import and export sectors. Consumers will also feel the effect in their pockets, as the prices of imported products will increase. The government and the Bank of the Republic will need to take measures to mitigate the impact of this rise in the dollar.

Higher #Dollar in Latin America due to Mexico

México's political risk has driven the dollar's value higher in Latin América. Policy uncertainty and tensions between the government and private sector have weakened the Mexican peso. Investors seek safer assets, boosting demand for the dollar. This trend ripples across Latin América, where currencies are closely tied to the peso. Argentina, Colombia, and Chile's currencies have also depreciated. A strong dollar increases import costs, fueling inflation concerns. Central banks may raise interest rates to stabilize their currencies. México's political climate will continue shaping the region's economic outlook, influencing dollar pricing and trade dynamics in Latin América. $USDC

We have been in correction territory but a #Bullish run is still coming to #Bitcoin❗

Gold going up to...

Oil going down to...

_Oil Price Forecast: Sharp Decline Ahead_

Our analysis indicates that oil prices are poised for a significant downturn, plummeting to $60 USD by December 2024. The primary driver of this decline will be the high probability of Saudi Arabia and the United States opening the oil faucet, flooding the market with increased supply.

Rising tensions between OPEC+ nations and the US have led to speculation about Saudi Arabia's potential decision to boost oil production. Concurrently, the US is likely to unleash its strategic petroleum reserves, further saturating the market.

As supply surges, demand destruction will accelerate, exacerbating the downward pressure on oil prices. The impending global economic slowdown will also contribute to reduced oil consumption.

Investors should prepare for a sharp decline in oil prices, potentially disrupting the energy sector. Companies with high production costs will be disproportionately affected, while consumers may benefit from lower fuel prices. This shift will have far-reaching implications for the global economy.

Gold Price Forecast: Correction Ahead, Followed by Surge

The current geopolitical landscape, marked by escalating conflicts in Israel and Ukraine, coupled with unprecedented global money printing by Central banks, is poised to significantly impact gold prices. Our analysis suggests that gold will experience a temporary correction to around $2,500 USD before rebounding to #USDT 2,775 USD in november of 2024#GOLD_UPDATE

The ongoing wars in Israel and Ukraine have sparked safe-haven demand for gold, driving prices higher. However, this upward momentum will be briefly interrupted by a corrective phase, driven by profit-taking and technical consolidation.

As Central banks continue to inject liquidity into the financial system, inflation concerns will intensify, fueling gold's appeal as a hedge against currency devaluation. This, combined with the geopolitical tensions, will propel gold prices to $2,775 USD.

Investors should capitalize on the impending correction to accumulate gold positions, positioning themselves for the subsequent price surge. This strategic move will yield substantial returns as gold solidifies its status as a safe-haven asset.

The dollar #Dollarmoon! is on an upward trend in Colombia, with projections indicating that it will reach 4,350 pesos in November or late October 2024

First, the **mining and trucking strikes** in six departments have generated a significant interruption in the chain of events. These strikes have increased economic uncertainty and contributed to the devaluation of the Colombian peso.

In addition, the **economic reforms** implemented by the government have generated an environment of uncertainty among investors and financial markets. These reforms, although necessary, have been perceived as an additional risk that could affect the country's economic stability.

Finally, the *scarcity of rainfall* has had a negative impact on agriculture and hydroelectric power production, which has increased production costs and generated additional inflationary pressures

Together, these factors have created a challenging economic environment for Colombia, and the dollar is expected to continue its rise in the coming weeks

China's Rate Cuts to Fuel #UptoberBTC70K? Bitcoin Rally: $BTC 71K in Sight

In a surprise move, China's central bank announced a new round of rate cuts, aiming to stimulate economic growth. This decision is expected to have a profound impact on the global economy and, specifically, the cryptocurrency market.

Analysts predict that China's rate cuts will inject liquidity into the market, creating a favorable environment for risk-on assets like Bitcoin. As investors seek higher returns, they may turn to cryptocurrencies, driving up demand and prices.

The timing couldn't be better, with the last week of October 2024 poised to witness a significant Bitcoin rally. Experts forecast that Bitcoin will break through the $65,000 resistance level and reach $$USDC 71,000, driven by:

1. Increased liquidity from China's rate cuts
2. Growing institutional adoption
3. Improving market sentiment
4. Technical indicators suggesting a breakout

This potential price surge would solidify Bitcoin's position as a safe-haven asset and store of value. Investors are advised to keep a close eye on market developments and consider strategic positions.

While predictions are uncertain, China's rate cuts have created a compelling narrative for a Bitcoin rally.
$BTC

The dollar in Colombia: it will reach $USDC 4.350 pesos in November 2024, the euro at 4.725

In recent days, the dollar has maintained a stable pace in Colombia, closing at 4,252.15 Colombian pesos on Monday, October 21, 2024 ¹. While the euro in the area of ​​4,600.
However, several factors could influence its value in November of this year.
*Factors that could influence the value of the dollar*

- *Weakening of the oil price*: The decrease in the price of oil could affect the Colombian economy, which in turn could influence the value of the dollar.
- *Labor reform*: Changes in labor legislation could impact the country's economy.
- *Gas price increase*: The increase in the price of gas could generate inflation and affect the purchasing power of Colombians.
- *Lack of rain*: The drought could affect agricultural production and, therefore, the country's economy.
- *Insecurity*: Political and social instability could deter foreign investment and affect the economy.

**Unemployment Rising, Public Bridges Falling: Germany Faces Growing Discontent Amid Migration Tensions**
#Germany is currently grappling with a surge in unemployment, deteriorating public infrastructure, and rising public discontent towards migrants. The unemployment rate has reached a three-year high of 6%, with the number of unemployed individuals rising by 17,000 to 2.823 .

Check out my findings

India's bond market has experienced a rally in September and October 2024 and this will keep injecting money into #Bitcoin❗ as millions of people in India have started to invest in alternative asset classes. According to experts, this trend is likely to continue, making it an attractive environment for variable income investments such as #Bitcoin which just broke the $66K resistance and it is on ito way to $70K this October

*Key Factors Contributing to the Rally for #Bitcoin*

- _Lower Interest Rates_: The Reserve Bank of India's potential rate cuts have boosted investor sentiment, leading to increased demand for bonds ¹.
- _Economic Slowdown_: India's economic growth has slowed down, making bonds a more attractive option for investors seeking stable returns ¹.
- _Global Trends_: The global bond market rally has also influenced India's bond market, with investors seeking higher yields in emerging markets ².

*Investment Opportunities*

Investors can consider investing in high-quality #cryptocurrencies
*Conclusion*

The Indian bond market rally in September and October 2024 presents opportunities for investors in #Bitcoin❗ . With expectations of lower interest rates and economic slowdown, fixed income investments are becoming increasingly attractive. As always, it's crucial to stay informed and adapt investment strategies to navigate the evolving market landscape.

Sources:
² Schwab Funds - Bond Market Update – October 2024