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BRICS Settle 65% Trade in Local Currencies & Not the US Dollar

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The BRICS alliance settled 65% of trade among member nations in local currencies and not the US dollar. The usage of the US dollar and Euro has fallen below 35% among the existing members of the bloc. The development signals a strategic shift in ending reliance on the USD and other Western-dominated currencies. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominance The de-dollarization agenda gained steam after the White House pressed sanctions on Russia in 2022 for invading Ukraine. Russia and China convinced the BRICS bloc to begin settling cross-border transactions in local currencies and not the US dollar. The move has paid off as several countries are pushing their native currencies for trade settlements. Also Read: North American Countries Start Applying For BRICS Membership BRICS: 65% Trade Settled in Local Currencies, US Dollar Falls Below 35% Source: stra
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Is It Too Late To Buy PAI? ParallelAI Price Soars 137% And This Might Be The Next Crypto To Explode

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The ParallelAI price soared 137% in the last 24 hours to trade at $0.305 as of 00:36 a.m. EST on trading volume that skyrocketed 318% to $2.5 million. ParallelAI Price On A Continued Bullish Rally According to the PAI/USDT, the ParallelAI price shows a clear bullish breakout. The price has surged upward after a period of consolidation, with a significant spike in both volume and price. The U-shaped pattern in the chart suggests a rounding bottom pattern, a classic bullish reversal pattern, according to data from GeckoTerminal .  PAI now trades well above the 50-day Simple Moving Average (SMA) at $0.14, confirming the continued bullish rally. Moreover, the Relative Strength Index (RSI) is at 81.30, which is in overbought territory (above 70). This indicates strong buying pressure but warns of a potential short-term pullback or correction as the asset could be overextended. However, in strong uptrends, RSI can stay overbought for extended periods. The MACD line (blue) is at 0.0191,
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Currency: Rupee Plummets Against The US Dollar: Why Is INR Falling Today?

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New currency metrics revealed on Monday revealed that the Indian rupee has hit its lowest level against the US dollar. INR’s value has fallen below 84 for the first time in history as it trades below 84 against a visibly strong dollar. New developments are pushing INR down to hit new lows. The INR’s latest plunge to 84 is dubbed a lifetime low, adding more pressure to the Indian economic structure. Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Price Analysis For October End Indian Rupee Weakens To New Lows Image Courtesy: Pixabay Recent currency metrics indicate that the Indian rupee has hit a record low against the US dollar. INR is currently sitting at 84.0725, further down from its earlier low of 84.07. At the same time, the US dollar shows signs of positive progression, opening at 103 on Monday, up 0.13% in the process. The rupee has noted a significant decline in its value, primarily due to the constant outflows of foreign investments noted in the Indian economic structure as
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Top Crypto Gainers Today Oct 13 – Mina Protocol, Aave, Ronin, WhiteBit Coin

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The crypto market is heating up, with Bitcoin making its long-awaited move into decentralized finance (DeFi). Thesis COO Carolyn Reckhow is calling this the next big chapter for Bitcoin, moving beyond just being “digital gold.” While Bitcoin explores new possibilities, today’s top gainers—Mina Protocol, Aave, Ronin, and WhiteBit Coin—are making headlines with impressive price surges. Their impressive price surges are driven by game-changing innovations. Plus, their ecosystems are growing rapidly. Let’s explore the exciting forces behind these unique tokens!   Biggest Crypto Gainers Today – Top List Mina Protocol surged 11.33% thanks to its lightweight blockchain, maintaining efficiency and security with zk-SNARKs. Aave climbed 7.13% after launching its v3.2 upgrade, introducing Liquid eMode for better borrowing flexibility. Ronin saw a 3.68% increase from integrating Chainlink’s Cross-Chain Interoperability Protocol, enhancing cross-chain security.  Finally, WhiteBit Coin hit a ne
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Should You Invest in Mog Coin Now, or Is Pepe Unchained the Better Buy With Its Presale Close to $19 Million?

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Mog Coin, also known as $MOG, is making significant waves in the meme coin market, particularly as one of the popular ERC-20 tokens. It’s being positioned as the internet’s first culture coin, driven by strong community support and marketing efforts. Over the last 30 days, $MOG has shown a solid performance, achieving a 2X gain as the meme coin sector recovers. Its market cap fluctuated from $500 million to $720 million before settling at around $600 million, indicating consolidation despite the market’s overall volatility. The token currently has 92% of its total supply circulating, which minimizes concerns about dilution. This article explores whether Mog Coin is a smart investment right now or if the new presale meme coin, Pepe Unchained, holds the potential for 100x gains after its market debut. Mog Coin Price Prediction As of today, October 12th, Mog Coin is priced at $0.000001740, with a 24-hour trading volume of $27.9 million and a market cap of $689.4 million. The $MOG pric
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SPX6900 Price Prediction: SPX Plunges 17% As Traders Pivot To This New Meme Coin With 3,006% APY

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The SPX6900 price plummeted 17% in the last 24 hours to trade at $0.5111 as of 5 a.m. EST on trading volume that plunged 37% to $69.81 million. The project’s price drop comes after a highly successful week that brought a price surge large enough that it leaves SPX still 125% higher than seven days ago. The project could soon see a recovery from its 24-hour drop, however, as it just announced that the SPX token airdrop is live, calling it a gift to the community and inviting members to come to claim their own SPX. In addition, a popular platform Hibt, formerly HotsCoin, also said yesterday that SPX will be listed on its exchange, paired against USDT. The listing has already taken place since the time the announcement was made, further increasing the token’s availability. 🚀 @spx6900 $SPX(SPX6900) will soon be listed on #Hibt 🔥 Pair: SPX/USDT 💼 Network: ERC20 ⏰ Trade: https://t.co/ga0IzOeeiS ✍️ Details: https://t.co/TLdIdYhaqL#SPX #Crypto #Web3 #CryptoListing pic.twitter.com/NV1
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Ripple to Expand Crypto Storage Services to Banks

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In an important development for the firm, Ripple Labs is set to offer crypto storage services to banks and other financial institutions. Indeed, the Ripple Custory platform is set to focus on security enhancement and compliance to offer their services to various banks in a major move. The expansion decision was called a “bid to diversify,” by the company, according to a CNBC report. Moreover, they are poised to launch a plethora of new Features that will help various financial tech firms store digital assets. It will be a key aspect of Ripple’s continued push into crypto custody. Source – PYMNTS Also Read: Ripple Adoption Set To Boom As Canary Files For An XRP ETF Ripple to Offer Crypto Custody to Banks in New Diversification Push Ripple has long been one of the cryptocurrency markets most prominence firms. It has developed one of the best cross-border payment systems on the planet. Moreover, the company has continued to embrace a greater presence in all of crypto. That is clearly see
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Analyst Jamie Coutts Says One Bitcoin Metric in Bullish Reversal, Predicts BTC Will Hit Over $140,000 This Cycle

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Real Vision’s chief crypto analyst Jamie Coutts is saying that a major Bitcoin (BTC) metric is flashing a bullish signal. Coutts says that the number of active Bitcoin addresses is rising after a downtrend that lasted for eleven months. According to Coutts, the number of active Bitcoin addresses as a predictive tool remains “one of the most significant base-level on-chain metrics.” The Real Vision cryptocurrency analyst further says that Bitcoin could surge to between $147,600 and $184,500 this cycle. “While I anticipate Bitcoin reaching 2x to 2.5x its all-time high this cycle, a corresponding breakout in base chain active addresses would undoubtedly validate the network valuation. After all, Bitcoin is a global monetary network; demonstrating organic network growth and adoption across all metrics helps underwrite its future.” Source: Jamie Coutts/X Bitcoin is trading at $61,830 at time of writing, down by around 16% from the all-time high price of $73,800.
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Bitwise CIO: Three things are needed for Bitcoin’s “melt-up” to $80,000 in Q4

Matt Hougan has said three factors will push Bitcoin to $80,000 by the end of 2024 Hougan indicated that the US election is a big deal for crypto Altcoins could also help bolster the melt-up case for Bitcoin achieving new highs Bitwise’s CIO has indicated three things that could see Bitcoin achieving highs of $80,000 by the end of 2024. In a client memo, Matt Hougan said that the US election, the economy, and no negative crypto surprises are what may see a “melt-up” of Bitcoin to trade above $80,000 during the last quarter of 2024. At the end of 2023, Bitwise predicted that Bitcoin would reach $80,000. He also indicated that spot Bitcoin exchange-traded funds (ETFs) will be approved. In his latest memo, Hougan stood by his belief that Bitcoin will reach all-time highs. Writing about the US election, the CIO stated that while a Republican win would be good for the crypto market “given the GOP’s strong and growing advocacy for the space,” the election is “mo
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Bitcoin Price Prediction: As Peter Todd Denies New HBO Documentary Claim He Is BTC Creator Satoshi Nakamoto, Traders Rush To Buy This ICO With A 3,354% APY

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The Bitcoin price dropped a fraction of a percent in the last 24 hours to trade at $63,006 as of 03:21 a.m. EST on trading volume that dropped 19% to $26.8 billion. This comes after Peter Todd denied the conclusion of an HBO documentary, ”Electric Money: The Bitcoin Mystery,” t hat he is the enigmatic BTC creator Satoshi Nakamoto. HBO says @peterktodd is satoshi and his response was perfect "This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it." — Eric Yakes (@ericyakes) October 9, 2024 “For the record. I’m not Satoshi,” Todd told CNN in a statement. Todd accuses the documentary of being “irresponsible” and putting his life in danger. The documentary’s conclusion that Todd is Satoshi was largely circumstantial. It focuses on Todd’s early involvement with Bitcoin and his connections to other key figures, such as prominent cryptographer Adam Back. Bitcoin Price Aims For A Breakout This month, the Bitcoin price is s
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