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The How And Why Of Trading Gold

Benzinga

By Kyle Anthony, Benzinga Interested in trading metal futures? Click here to check out Plus500! Gold has rallied significantly in 2024 thus far, as the macroeconomic backdrop and geopolitical landscape have compelled investors to seek safety in this asset class. Gold's primary value proposition is its ability to protect against inflation, be a source of diversification and buffer against uncertainty. Though inflation in many global economies has been greatly reduced, the demand for gold is still top of mind for many due to the fact that much uncertainty still remains in the broader socio-economic environment. While the investment themes of artificial intelligence and semiconductors have been prevalent for investors recently, this has also raised concerns among some around market concentration in big tech names. Given the low correlation of gold to other asset classes, exposure to this asset class could seem attractive at this point, given its diversification capabilities within a portfolio. There are also geopolitical development considerations, such as war, that have been supportive of assets such as gold. Gold's perceived safe-haven qualities may make it an ideal asset class to invest in regardless of the current economic cycle. Apart from being seen as a safe haven in uncertain times, gold also has industrial uses in electronic goods, which further diversifies its demand. The precious metal is usually priced in U.S. dollars. In the current environment, Goldman Sachs Research analyst Lina Thomas expects its price to rise to $3,000 per troy ounce by end-2025. Central Banks And Their Influence On Gold As mentioned previously, with inflation in many global economies coming down, central banks in these regions have begun to materially reduce interest rates. Most notably in September 2024, the U.S. Federal Reserve made a 50-basis point cut, with the market anticipating further cuts in the future. Given that gold is a non-yielding asset, the reduction in interest rates will impact interest-bearing instruments adversely; as such, it’s possible investors may begin re-orienting their portfolio including toward gold, further driving price increases. While the change in interest rate may have a tangential impact on gold prices, the direct actions of central banks are also influencing gold prices. As noted in research by Goldman Sachs, the central banks of the U.S., France, Germany and Italy have gold holdings making up 70% of their reserves. However, since the freezing of Russian central bank assets in 2022, emerging market central banks' gold purchases have also risen in an effort to diversify their reserve holdings (i.e., de-dollarization). As noted in the report, China, for example, reports having just 5% of its reserves in the metal. With some central banks in emerging markets attempting to catch up to their counterparts in developed countries, the demand for gold by these institutions could be long-tenured. As such, some anticipate buying pressure that will keep prices high. Engaging In Gold Trading While some investors may choose to invest in physical gold, others may trade it, utilizing investment instruments such as futures, options, spot prices and/or exchange-traded funds to gain exposure to the asset class. Trading aims to generate sizable returns based on an opportunistic event or perceived mispricing of an asset that one can capitalize on. As such, it eschews the traditional buy-and-hold approach of investing, allowing investors to make advantageous long or short positions with the aim of generating a profit in a relatively short time frame. It is important to note, though, that due to the risks and volatility, one might end up losing their entire capital. Among the previously mentioned instruments, gold futures are a popular way to trade the asset. Gold futures are a legal contract between a buyer and seller to exchange and take delivery of a specific amount of gold at a predetermined price and date. One of the primary attractions of gold futures for traders is the ability to speculate on the price of gold. As a legal contract, it has an end date, however, traders normally do not take ownership of the gold, as the contract enables them to engage with price fluctuations before the contract's expiration date. Using futures allows traders to access the asset at a lower price, benefit from greater market liquidity (i.e. given that they trade on an exchange) and utilize leverage as a means of amplifying their returns. However, use of leverage comes with the potential of losses greater than one’s principal investment, should market movements go counter to one’s trade. Another way in which traders can gain exposure to gold is through options, the derivative instrument that provides the right – but not the obligation – to transact at a predetermined price. Gold options are options contracts that utilize either physical gold or gold futures as their underlying instrument. As such, call options on gold give the contract holder the right to buy the metal at a pre-set price before it expires, and put options provide the right to sell. Using options in trading gold allows traders to deploy smaller capital, but due to the nature of options contracts, they can still maintain exposure to a large quantity of the asset. By using less capital to achieve an outsized exposure to gold's price movements, options can lead to higher returns/losses on capital compared to a direct investment in gold. Spot gold purchasing and selling is also an option for traders, allowing them to trade the asset in the moment – no contracts involved. Doing this is relatively simple but does mean that traders are exposed to market fluctuations. Finally, exchange-traded funds offer another avenue for traders, enabling them to gain comprehensive or specific industry exposure to companies that are stakeholders in the gold value chain. Having such exposure in a turnkey manner does allow for greater ease in trading in or out of the industry, if a material event does occur. Why Consider Gold Now? There is much uncertainty within the global landscape at this juncture, as such, gold allows investors to mitigate their risk exposure. Given the asset class’s traditional use as a store of value, due to its finite nature, gold is broadly accepted as a means of transaction in the absence of traditional currency. Finally, as a means of diversifying one’s portfolio, gold is proven to be an additive and generally complementary component. How To Trade Gold With Plus500 Plus500 (OTC: PLSQF) is a multi-asset fintech group operating trading platforms globally. Established in 2008, the firm has grown its importance within the financial trading sector, being listed on the London Stock Exchange under the ticker symbol PLUS and included in the FTSE 250 Index. Given the firm’s global operations, it is regulated by several entities, including the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Israel Securities Authority (ISA) and others across Europe and Asia-Pacific jurisdictions. Regarding service offerings, Plus500 is expanding and currently offers three platforms: Plus500 Contract For Differences (CFD) with more than 2800 CFD instruments, Plus500 Invest with more than 2700 shares (available in certain countries) and Plus500 Futures, which is a futures platform available in the U.S. only. As a trading platform, Plus500 is designed to be straightforward and accessible for beginners while offering advanced features for experienced traders. Traders can start with as little as $100. Plus500 Futures (U.S.) offers a deposit bonus of up to $200. For traders interested in gold and other commodity CFDs, Plus 500 can provide up to 1:20 leverage on such transactions. Plus 500 also provides educational resources that can be utilized to upskill one’s trading ability, with ongoing 24/7 professional support as needed. Ready to begin your gold trading journey? Click here to check out the Plus500 platform! Trading with leverage comes with a high risk and may not be suitable for everyone. Featured photo by Zlaťáky.cz on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 26, 2024 01:00 PM Eastern Standard Time

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The Downside Of Simulated Trading: Why Prop Trading Firms With Real Accounts May Be A Better Option

Benzinga

By Meg Flippin, Benzinga Click here to check out BluSky’s prop trading platform, where you keep 90% of what you make! Simulated prop trading firms provide traders with access to the futures markets without the inherent risk. With no money on the line, clients of these firms don’t have to worry as much about a strategy going south. But that often means they don’t get the real experience and opportunities to make money that live trading affords them. It’s why BluSky Trading Company uses real Wall Street brokers and real money in its prop trading firm accounts. Without a doubt simulated trading or demo accounts serve a purpose in futures trading. They give investors a way to hone their skills and learn about the markets. Traders can test strategies, take risks and develop positions they can eventually bring into the real world. However, simulated trading carries its own set of downsides. The Downside Of Simulated Trading The way BluSky sees it, simulated trading can cause more harm than good. For starters, it can give traders a false sense of confidence as emotions are taken out of the equation. Money isn’t involved with virtual trading. If the trade doesn’t pan out, the trader doesn’t have to worry about losing cash. Sure, they put in the time and effort, but their money is still intact. As a result, it may not trigger common emotions like fear, dread and greed. In the real world, a big loss may manifest, and if a trader doesn’t know how to react, it can lead to poor decision-making. Then there’s the potential for overconfidence. It’s easy to take risks when you aren’t trading your own money. However, what happens on a simulated trading platform may be very different from what happens in the real world. Limited access is another common complaint about some virtual trading platforms. They provide delayed market data and limited asset classes to invest in. That makes it harder to learn and execute complex trading strategies. Simulated Trading Payout Problems Ultimately, simulated trading platforms can sometimes actually prevent traders from reaching their full potential, which is why BluSky Trading Company offers real money accounts to trade with. That’s not true of simulated trading firms, which don’t have real brokers and have to pay out of pocket which can take weeks. If cash in the coffers suffers, so do the payouts. That has led to some instances in which virtual trading firms delayed or denied payments without a clear explanation, reports BluSky. It has also resulted in the shutdown of some prop trading firms, including Fast Track Trading, which closed six months after launching. Fast Track Trading had very competitive pricing, which lured traders to its platform but ultimately did the prop trading firm in. Fast Track Trading’s demise underscores the need for traders to conduct due diligence before joining a prop trading firm. It’s important to choose an established firm that has a good reputation in the market and is transparent about its fees and payout rules. It’s something BluSky prides itself on. It knows its reputation is everything and goes to great lengths to be completely transparent with traders and offer them what BluSky says is top-notch support. In general, prop firms with real money have stricter and more transparent evaluation rules than simulated trading accounts. To get started trading a real brokerage account with BluSky, click here. When Traders Do Good, Everybody Wins BluSky is looking for experienced futures traders and doesn’t make it cumbersome for them to trade for the firm. To access a funded account, traders sign up and trade the evaluation simulator for at least eight days. If the trader doesn't break any rules and meets his or her profit goal they move on to a funded account. They don’t have to trade for weeks or months with a simulated account to prove their mettle. BluSky is also willing to invest in their success. After all, the better the trader does, the better BluSky fares. Its entire business model is focused on retaining successful traders, which is why traders keep 90% of their profits. BluSky doesn’t have any payout rules either. With BluSky, traders can take all the payouts they want; they just have to maintain the minimum balance in the account. Educating traders on an ongoing basis is also part of BluSky’s business model. It gives them the tools to succeed, including free coaching. Trading is hard, but better education can make things easier. With BluSky’s free one-on-one coaching traders can brainstorm ideas and get tips to become better traders. Prop trading with a real brokerage account brings transparency to the industry and empowers traders to make money they can access when they want it. It’s proving to be a successful business model for many and a differentiator in an industry in need of some assurances. To learn more about how to trade with BluSky’s real brokerage accounts, click here. Try prop trading with BluSky’s real brokerage accounts — get 30% off your first evaluation using code ‘BENZINGA’ on its website. Featured photo by Joshua Mayo on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 26, 2024 01:00 PM Eastern Standard Time

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How Halcium Energy Is Helping Rewrite The Urban Renewable Energy Narrative Through Innovation Combining Solar And Wind Energy

Benzinga

By Joshua Enomoto, Benzinga Click here to check out Halcium Energy’s WeFunder page and be a part of their growth story! Disruption in the contemporary sense often entails an antagonistic concept: displacing a traditional paradigm for a newer one. While the solution may be superior, the imposition of broad social change can often spark vigorous debate. Fortunately, change can also be harmonious and integrative, which is the strategy adopted by renewable energy specialist Halcium Energy. A privately held startup enterprise, Halcium is making a place for itself in the green revolution. Offering a compact wind turbine system with an enclosed chassis, the omnidirectional PowerShell is designed to complement existing green energy infrastructures in urban areas. Since major cities already command high premiums related to available real estate, PowerShell’s integrative profile could slot in organically. Fundamentally, Halcium’s innovative wind system can operate during periods when solar panels are less effective, such as during overcast days. Furthermore, its smaller stature can allow for installation in multiple, unintrusive locations, thus blending into the metropolitan background. Thanks to this positive and accretive disruption, Halcium has garnered interest in its WeFunder campaign, which has already hit its first goal. This could be a pivotal opportunity for interested investors to participate on the ground floor of an enterprise working hard to accelerate the renewable energy narrative. Contemporary Challenges In The Current Green Energy Paradigm According to recent research by Prophecy Market Insights, the distributed energy generation market — which includes solar photovoltaic and wind turbine systems, among others — will likely reach a valuation of $403 billion by the end of this year. By 2034, the sector could skyrocket to over $1.41 trillion. If so, such expansion would represent a compound annual growth rate (CAGR) of 14.8%. Despite the promising backdrop, the renewable component of the broader distributed energy market features significant challenges. It’s true that both solar and wind solutions have increased in proliferation and overall popularity. Nevertheless, certain obstacles exist that have hindered the push for green energy integration. For solar energy systems, the challenges are as follows: Intermittency: Discounting the rare example of polar day cycles — the so-called midnight sun — solar panels only have a certain portion of a 24-hour cycle where they can gather energy and be effective. Weather dependency: Even during the day, solar panels are not guaranteed to work 100% effectively due to weather conditions like overcast conditions or rain. Seasonal variability: Shorter days during the winter, along with lower solar angles, may reduce solar output. Urban shadows: A less-discussed but still pertinent issue is the concept of urban shadows, which can negatively impact solar panel performance. Traditional wind turbines can pick up the slack when solar panels are less efficient. For example, wind energy production often peaks during the winter months. Still, such systems have their own drawbacks: Spacing constraints: Traditional turbines – known as horizontal-axis wind turbines (HAWTs) due to their blades spinning on a horizontal axis – require a tremendous amount of real estate, something that many metropolitan areas can’t provide. Noise: Generally speaking, wind turbines produce little noise relative to their size. However, decibels are logarithmic, meaning that placing turbines close to urban areas can be disturbing. Ecological disruption: Since turbines feature external propellers, they can harm wildlife. Such disruptions can negatively alter the broader ecology, raising significant social and political debate. Safety: While modern HAWTs feature extensive safety features, severe weather or unforeseen structural defects can cause propellers to break off, leading to risks of harm in urban environments. To be clear, this is not to say that green energy solutions are ineffective. Rather, it’s evident that there are areas for accretive improvement, which is where Halcium enters the fray. Harmonious Integration Sets Halcium Apart As previously stated, Halcium is not in the business to outright replace other green energy systems. Rather, it seeks to plug gaps that neither wind nor solar can fully address in metropolitan areas. For instance, Halcium’s enclosed vertical-axis wind turbine (VAWT) system can bolster energy production during the winter, precisely when solar panels are less effective. Below are specific ways that Halcium can provide the rising tide to lift all boats: Omnidirectional: Unlike traditional HAWT systems, Halcium’s PowerShell has no centralized “face,” enabling it to capture wind energy in any direction. Plus, it’s always on, enabling it to harvest energy in certain situations where solar is less effective, such as stormy summer days. Aesthetic integration: Because of the PowerShell’s vertical orientation, it can organically integrate into the urban landscape. Furthermore, the enclosed shell structure emits less noise, making it more appropriate for urban deployment. Compact: Because of its much smaller size relative to traditional wind turbines, PowerShell can be placed in a wide variety of settings. Rooftop integration could be an option, allowing for an out-of-sight, out-of-mind profile. Secure: With the smaller size and enclosed chassis comes the inherent safety profile. Nearby residents don’t have to worry about propellers breaking off. Importantly, Halcium’s PowerShell is ecologically friendly, eliminating harm to wildlife. Maintenance: Another key benefit of Halcium’s innovation is its simplified maintenance. Since the PowerShell can sit close to the ground, it’s much easier to perform maintenance and repairs. Ultimately, Halcium is positioning itself to attempt to capture a significant portion of the distributed energy market, and it may even make the market bigger. In other words, this could potentially be a positive sum game. Expanding Urban Sustainability Through Collaborative Innovation Halcium Energy seeks to rewrite the narrative on renewable energy disruption, presenting a model of collaboration and integration rather than displacement. The PowerShell solution doesn’t aim to replace solar or traditional wind systems; instead, it fills the gaps left by both, particularly in urban areas where energy needs are complex. By seamlessly operating in conditions where solar panels can falter – overcast days, stormy weather or during winter months – Halcium provides an essential boost to urban renewable portfolios. For interested investors, this moment may represent a rare opportunity to support a privately held startup with transformative potential. Through its WeFunder campaign, Halcium invites investors to participate in this innovative journey. With its compact, safe and aesthetically integrated wind solution, Halcium believes it is poised to redefine what urban energy resilience looks like while complementing existing infrastructure. Those interested in accelerating the renewable energy narrative should consider joining this groundbreaking effort. Featured photo by Pixabay on Pexels. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 26, 2024 01:00 PM Eastern Standard Time

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Reliance Global Now Adjusted EBITDA Positive With Growing Revenue Reflecting Potential Benefits Of OneFirm Approach

Benzinga

By Meg Flippin, Benzinga Reliance Global Group Inc. (NASDAQ: RELI), an InsurTech firm aiming to transform the traditional insurance agency model, is seeing its OneFirm approach pay off. The company reported a year-over-year increase in revenue in the third quarter and adjusted EBITDA turned positive for the first time in Reliance Global’s history. Reliance Global credits that to its OneFirm strategy, aimed at capturing a larger share of the expanding insurance market. Launched last year with OneFirm, all of its insurance brands are consolidated under the RELI Exchange banner. Reliance says it provides RELI Exchange with the ability to leverage existing employees better, improve data access and reduce overall operating expenses. It also enables the company to offer insurance agents a more robust platform that covers multiple insurance lines and can provide fast and accurate quotes from more than 30 insurance carriers. OneFirm Boosts Sales “OneFirm is expected to significantly enhance the company’s market presence across the U.S., as Reliance Global Group’s agencies operate under the unified brand of RELI Exchange across all business lines and in all markets,” said Ezra Beyman, Reliance Global Group's Chairman and Chief Executive Officer when OneFirm was announced. “We anticipate that this will fortify our relationships with carriers, enabling us to realize more profitable commission and bonus contracts due to expected increases in business volume.” Those words appear to be coming true. In the third quarter, Reliance Global reported revenue increased 5% year-over-year to $3.4 million, while total operating expenses decreased 16% to $3.9 million. Furthermore, losses from operations decreased by 64% compared to a year ago. Reliance Global said the net loss for the third quarter showed an improvement of approximately $1 million, or 54%, compared to last year’s third quarter. Meanwhile, adjusted EBITDA in the 2024 third quarter was a $43,000 gain, which represents a 121% year-over-year increase from the 2023 comparable quarter. "These highly positive financial results are a testament to the success of the OneFirm strategy, which brings together our owned and operated, but geographically dispersed, insurance agencies, to operate as one cohesive unit, allowing for efficient and effective cross-selling, cross-collaboration and human capital cross utilization,” said Beyman. “The success of the OneFirm approach is clearly evident and demonstrated by the quarter's promising revenue growth, decrease in operating costs and positive changes to net results. We feel strongly that our disciplined approach strengthens our financial position and sets the stage for continued sustained growth and long-term value creation for our shareholders." Spetner Deal Closing On The Horizon In addition to driving its OneFirm strategy, Reliance Global is focused on closing its acquisition of Spetner Associates Inc., which it announced in May and said should close in the coming months. Spetner is a voluntary benefits insurance agency/provider serving more than 85,000 employees around the nation. Reliance Global expects the integration of Spetner will double consolidated revenues and accelerate revenue growth. The company reiterated that expectation when reporting third-quarter results. “We are confident that the integration of Spetner will close to double our consolidated revenues and serve as a catalyst for additional accelerated revenue growth, by having an expanded combined range of service offerings, enhancing our market position and paving the way for sustained profitability and longer-term success,” said Beyman. RELI Exchange Gets An Upgrade As if that wasn’t enough, Reliance Global also enhanced its RELI Exchange platform with the launch of its AI-powered Quote & Bind solution, which was completed ahead of schedule. Reliance Global said it’s a transformative tool that “significantly” accelerates the quoting and binding process for commercial insurance policies. The technology is now live, enabling agents to provide faster, more competitive quotes and bind policies instantly, reported Reliance Global. “The solution not only enhances operational efficiency for our partners but also creates new revenue opportunities by capitalizing on high-demand commercial lines, such as, general liability, cyber liability and workers compensation,” Beyman said. The company has only recently begun utilizing c ross-selling to sell existing clients more products. When Reliance Global launched, it set out to build a multi-billion-dollar profitable business that leverages AI and other advanced technologies to fix what it believes are need gaps within the insurance agent industry through innovation, expansion and disciplined fiscal management. The actions taken during the third quarter appear to have further strengthened its position to achieve that goal. Stay tuned to learn more as its deal closes and it launches new advancements in the quarters to come. Featured photo by Vlad Deep on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 26, 2024 01:00 PM Eastern Standard Time

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Mutual Funds Are Democratizing Investment Access And Facilitating Retirement Savings

Benzinga

By Gerelyn Terzo, Benzinga Mutual funds have stood the test of time, helping investors to reach their retirement goals for decades. These products, which first came on the scene in the U.S. in 1924, have leveled the playing field, giving investors across wealth statuses an opportunity to participate in the global financial markets thanks to features like diversification and cost efficiency. Mutual funds are baskets of assets in which investor capital is pooled to buy securities like stocks or bonds that are aligned with a fund’s strategy. Mutual funds may include anywhere from a couple of dozen to 1,000 securities and beyond. As a result, they provide greater diversification across regions and asset classes than most investors can achieve on their own for a lower cost than would otherwise be possible. Thanks to mutual funds, building retirement savings is no longer reserved for high-net-worth individuals and instead is possible for ordinary people. One way to capitalize on the benefits of mutual funds for retirement is by investing in them through vehicles like Individual Retirement Accounts (IRAs). It’s not uncommon for IRAs to offer investors the option to invest in mutual funds either through a broker, a self-directed account or directly with the fund company. IRAs allow you to invest for your retirement without the need for an employer-sponsored plan. They are popular for their features like tax-deferred growth and flexibility around withdrawals, all of which are especially important around retirement age. But it’s never too early to begin saving for retirement, and investors have been flocking to both mutual funds and IRAs of late. As of year-end 2023, total U.S. retirement assets reached $38.4 trillion, an increase of 12.4% year-over-year, according to the Investment Company Institute. Among investment vehicles, IRA assets represented the largest cohort of retirement assets at $13.6 trillion, up nearly 8% from Q3 2023. At $5.8 trillion, close to half (43%) of IRA assets were directed into mutual funds at the end of last year. At Axos Invest, investors can access over 3,000 no-load mutual fund products with no minimum investment required. Axos Invest Offers Mutual Fund Investing Through All Types of IRA At Axos Invest, investors can harness advanced investing tools, including mutual funds that can be purchased for IRAs. Depending on the fund, investors can allocate assets into funds comprising multiple securities that are modeled with their retirement goals in mind. The AxosFundFinder also helps investors sift through mutual funds and ETFs to find what works best for them. Axos offers IRA accounts that can meet any investor’s needs, whether you’re looking for a Roth IRA, Traditional IRA or Rollover IRA. Below is a list of some of the benefits associated with each type of IRA account: Roth IRA One of the key features of a Roth IRA is that it allows you to invest in products like mutual funds using post-tax money. As a result, you won’t have to worry about paying taxes on the money again when you need it the most – when it comes time to make withdrawals at retirement. The amount you’re allowed to invest into a Roth IRA each year is limited to between $7,000 and $8,000, depending on your tax filing status and income. Upon meeting certain conditions, withdrawals can be made at any time without having to pay penalties or taxes. Traditional IRA A traditional IRA is a type of retirement plan in which investors contribute pre-tax money, allowing them to enjoy tax benefits sooner rather than later. Contributions are made on an after-tax basis but are not limited by income brackets. Funds may be tax deductible for investors who meet certain income requirements in the current tax year. IRAs have many options, as you can also convert a traditional IRA into a Roth IRA if your circumstances change. One reason to do so is if you’re expecting to be in a higher tax bracket by the time you are ready to retire than you are now. Rollover IRA If you’re looking to move funds from a former employer-sponsored retirement plan like a 401(K), Axos Invest also supports IRA rollovers. The balance you roll over into your new IRA won’t count toward the government’s contribution cap. Featured photo by Tumisu on Pixabay. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 26, 2024 01:00 PM Eastern Standard Time

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Crypto News: Solana Still A Favourite As Stellar Posts 140% Weekly Gain And Viral ETH Sensation Raises Over $1 Million

Cutoshi

As far as the crypto cycle is concerned, Solana season is still on as SOL recently reached a new all-time high and is preparing for the next leg up. After years spent on the sidelines, Stellar has also experienced a massive surge, vindicating long-term holders. Meanwhile, a new contender has appeared in the meme coin space - Cutoshi. This project is already capturing the attention of investors with its unique blend of meme energy and DeFi utility. Solana Price Consolidating Just Below ATH As Buyers Step In Solana (SOL) has played a protagonist role in the crypto market since its first memorable 2021 run. Although Solana faced significant turbulence due to the project’s ties with the disgraced FTX exchange and now defunct trading firm Alameda. However, Solana managed to bounce back and is now the leading platform in the Layer 1 space, surpassing BNB and posing a not-so-veiled threat to Ethereum’s supremacy. At press time, Solana trades at $248 with a 1% intraday increase. After reaching a new all-time high of $263 just a few days ago, Solana’s momentum has stalled as reflected by the 20% decline in 24-hour volume, with roughly $4.8 billion worth of SOL traded on exchanges. According to analyst CryptoRus, Solana could skyrocket to $4,000 at the peak of the cycle. He points out that Solana is breaking out of a multi-year cup-and-handle chart pattern and its next move could lead to SOL’s price exploding like never before. Stellar’s Facemelting Run Outshines The Entire Market After spending over two years moving in a narrow trading channel around the $0.10 mark, Stellar (XLM) shocked the market with a 500% surge that saw it reach a new local peak of $0.63. After retracing, Stellar is now selling for $0.45, boasting a 378% monthly increase. This rally saw Stellar enter the crypto top 20 and is occupying the 14th place with $15.1 billion in market capitalization For most market participants, this Stellar moonshot came out of nowhere, but on X, analyst Just Some Guy has shared insights that bring some clarity. Stellar’s derivatives volume reached a staggering $8.8 billion, a 94% increase, with open interest (OI) surging by 54%, at $450 million. However, when looking at the chart, Stellar could soon enter a short-term cool-off period, as reflected by the overheating of the weekly RSI indicator, which is now deep into overbought territory, at 86 points. Cutoshi Is Leading A New Meme Coin Revolution Cutoshi seeks to redefine an entire market by rewriting the meme coin playbook and bringing much-needed utility that is hardly seen in the space, with a few notable exceptions. Its approach brings together memes with DeFi functionality, creating an engaging state-of-the-art ecosystem that will allow for rapid-fire cross-chain swaps between different blockchains. Cutoshi’s aesthetic is based on the Lucky Cats of Japanese traditions that are said to bring prosperity to businesses. Cutoshi also brings good fortune, as it digitizes it and takes it to the blockchain, blessing its rapidly growing user base with generous rewards and prizes. Users will be tasked with completing various missions aimed at expanding Cutoshi’s online presence. For their efforts, they will be granted Cutopoints that can then be redeemed for $CUTO tokens. Another interesting feature that separates this meme coin from the competition is the Cutoshi Academy. This is a learning hub that will help newcomers take the first steps of their crypto journey. Stage 3 of the $CUTO presale is underway and tokens sell for only $0.0259. This is the perfect entry point for investors who want to capitalize on Cutoshi’s utility-driven meme coin revolution. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 26, 2024 11:59 AM Eastern Standard Time

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CURE ALZHEIMER’S FUND MARKS 20 YEARS OF PROGRESS TOWARD A CURE

Alzheimer’s Disease Research Foundation

Cure Alzheimer’s Fund, a nonprofit dedicated to advancing research with the highest potential to prevent, slow or reverse Alzheimer’s disease, has reached a significant milestone—20 years of supporting the field’s leading scientists to explore bold ideas and make game-changing discoveries. Since its establishment in 2004, Cure Alzheimer’s Fund (CureAlz) has awarded $213 million in funding, distributed via 889 grants led by more than 300 scientists in 17 countries. More than 1,340 peer-reviewed papers by CureAlz funded researchers have been published in the most prestigious scientific journals, and these have been cited 115,410 times. Many of these projects have produced significant breakthroughs, resulting in findings that have contributed to new and critical avenues for development of novel treatments. Some of the notable research contributions and organizational successes that have led to a better understanding of Alzheimer’s disease over the past 20 years include: · The Alzheimer’s Genome Project™, the first large-scale, family-based study of the human genome specific to Alzheimer’s disease. The purpose of the project is to decode the genetic roots of Alzheimer’s disease and fuel the search for new treatments. · Alzheimer’s in a Dish uses human cells to create 3D models of the brain environment that recapitulate three hallmark features of the disease: amyloid plaques, tau tangles and neuroinflammation. Alzheimer’s in a Dish speeds up drug testing, making it 10 times faster than traditional methods and far more cost-effective. · A unique consortium model employed by Cure Alzheimer’s Fund supports collaborative investigations within specific areas of foundational Alzheimer’s disease science. Research benefits from sharing data, knowledge and expertise. Our researchers work across different fields and institutions, forming strong partnerships that significantly enhance our understanding of Alzheimer’s disease. Currently, Cure Alzheimer’s Fund supports five consortia: Alzheimer’s Disease Tau Consortium, Fleming APOE Consortium, Brain Entry & Exit Consortium, Microbiome Consortium and the Neuroimmune Consortium. · Cure Alzheimer’s Fund research grants seed substantial additional follow-on funding from the National Institutes of Health (NIH) for continued studies. Of $64 million in research grants provided by CureAlz to the science community from 2018 to 2021, the NIH awarded $497 million in additional funding, leverage of 7.7x. These grants were made possible by our generous donors. “This milestone is truly a testament to our dedicated donor community. Without their generosity and commitment, we could not accelerate the science that is going to end the suffering and burden of this disease,” said Meg Smith, Cure Alzheimer’s Fund CEO. “Since 2004, CureAlz has identified and advanced the strongest new scientific theories with funding that empowers brilliant researchers to make real breakthroughs. We prioritize new, neglected and underfunded questions fundamental to stopping the onset and progression of this disease. Twenty years later, our resolve to follow the science to a cure has never been stronger.” Cure Alzheimer’s Fund is a nonprofit dedicated to funding the most promising research to prevent, slow or reverse Alzheimer’s disease. Since its founding in 2004, Cure Alzheimer’s Fund has provided nearly 890 grants to more than 300 of the world’s leading researchers and contributed more than $213 million to research. Its funded initiatives have been responsible for many key breakthroughs in understanding the causes and pathology of Alzheimer’s disease. Cure Alzheimer’s Fund has received a 4-star rating for more than 12 consecutive years from Charity Navigator. Our Board of Directors, Trustees and a core group of other donors direct their donations to our overhead expenses so that 100% of general donations go to our research program. For more information, visit CureAlz.org. To learn about the impact of Alzheimer’s on women and women working toward a cure, visit WomenandAlzheimers.org. Contact Details Barbara Chambers +1 978-417-9890 BChambers@CureAlz.org Company Website https://curealz.org

November 26, 2024 05:40 AM Eastern Standard Time

Ethereum's Recent Price Spike Brings Attention To ETH-Based Coins, Floki And New Viral Meme Coin Trending Globally

Cutoshi

As the bull market is gearing into overdrive, Ethereum is seeing significant momentum. This excitement has already spilled over to Ethereum’s ecosystem and meme coins are among the biggest gainers. Floki and another viral meme coin Cutoshi are among those attracting attention recently. Can Ethereum Reach $4000? The biggest DeFi platform Ethereum (ETH) is breaking out of its losing streak. Market data and technicals are showing signs of a potential breakout. Thanks to current momentum, ETH seems poised to reach multi-year highs. Thanks to the general crypto bull market, Ethereum has been trending significantly up this month. At its current price of $3,378.17, Ethereum saw a 36% increase in the last 30 days. What is more, traders are also showing bullish sentiment. Notably, long positions are currently dominant in the market, with the Binance long-short ratio at 4.87. This means that 83% of the accounts are betting that Ethereum will go higher. The technicals are also strong for Ethereum. The nearest resistance is at $3,442, after which the target is at $3,568. If Ethereum manages to break this level, the token will go for psychological barriers at $3,750 and $4,000. Floki Looks To Musk For New Gains The excitement over Ethereum’s price increase is driving interest in meme coins on its chain. Floki is one of the strong performers among these, with traders eyeing a bullish case for it. At the current price of $0.0002526, Floki saw a 82% increase in the past 30 days. The main drivers were the overall crypto bull market, which has boosted major meme coins significantly. At the same time, Floki has the advantage of being associated with Elon Musk, who significantly raised its profile recently. Floki traders always know that they are just one tweet away from big gains. Now, Elon Musk now has the ear of President-elect Donald Trump and his influence is even bigger. Technicals are also showing a bullish case for Floki. One analyst, Javon, suggested that the next resistance for Floki is $0.00054673. This means that the token has the potential for a 92% upside in the near future. While this may be an optimistic case, Ethereum-based meme coins are in a strong position. Ethereum-Based Cutoshi Gets $1 Million In Investments Another Ethereum-based token that attracted attention is Cutoshi (CUTO). On November 22, this memeFi token was trending on X (Twitter) after reaching a major milestone. After a month of presale, Cutoshi reached $1 million in investments. https://x.com/CutoshiToken/status/1859908181964501133 These investments will go toward Cutoshi’s vision of building a decentralized ecosystem run by its users. Unlike many meme coins, Cutoshi puts utility first. Inspired by Satoshi Nakamoto, the creator of Bitcoin, the project aims to build a platform for users to trade crypto without barriers. To further its goal, the project leverages Ethereum, the most decentralized chain out there. At the same time, it will launch a multichain DEX, to attract users on all chains. This will make it easier for users to join DeFi. Moreover, the project will also feature token farming and a learning platform, helping support and reward users new to DeFi. The project has an ambitious vision, but one that has significant benefits for users. As blockchain continually trends toward cross-chain operability, Cutoshi is in a good position to attract traffic and help users ditch centralized exchanges. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 26, 2024 04:01 AM Eastern Standard Time

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Gabriel Isasi V Named Partner at Lytal, Reiter, Smith, Ivey & Fronrath

Lytal, Reiter, Smith, Ivey & Fronrath

Lytal, Reiter, Smith, Ivey & Fronrath is proud to announce that attorney Gabriel Isasi V has been named the firm’s newest partner. This historic milestone makes Gabriel the youngest partner in the firm’s history and the first Hispanic partner in over 25 years. Since joining the firm nearly four years ago, Gabriel has consistently delivered remarkable results for his clients, securing millions of dollars in settlements and verdicts. Among his most notable successes are: – An $8,250,000 medical malpractice settlement. – A $2,719,611 arbitration award for a client injured in an accident involving livestock. – A $1,700,000 settlement for an auto accident. – A $1,000,000 settlement for an accident involving an illegally parked tractor-trailer. Managing Partner, Lake H, Lytal III stated, “Mr. Isasi is a tremendous addition to our management team and there is no doubt Mr. Isasi’s commitment to justice and excellence will only further enhance the strength of our law firm but more importantly will allow him to serve our clients even better.” Beyond his legal achievements, Gabriel has made a significant impact on Palm Beach County, where his Cuban American family has been rooted for over 65 years. From coaching youth football to mentoring aspiring law students through the Florida State University ProfessiNOLE program, Gabriel exemplifies the firm’s commitment to community engagement and leadership. As a partner, Gabriel will continue to build on his record of success, advocating tirelessly for his clients and upholding the values that have made Lytal, Reiter, Smith, Ivey & Fronrath a trusted name in personal injury law. About Lytal, Reiter, Smith, Ivey & Fronrath: For over 35 years, Lytal, Reiter, Smith, Ivey & Fronrath has been a leader in personal injury and wrongful death litigation, securing life-changing results for clients across Florida. The firm specializes in cases involving automobile accidents, medical malpractice, product liability, and more, driven by a mission to protect the rights of the injured. Contact Details Lytal, Reiter, Smith, Ivey & Fronrath Tori Whidden +1 561-820-2297 kryan@foryourrights.com Company Website https://www.foryourrights.com/

November 25, 2024 07:05 PM Eastern Standard Time

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