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AUD/USD analysis: outlook ahead of US retail sales data

The AUD/USD exchange rate rose slightly after the latest US inflation and Australian jobs data. After bottoming at 0.6133 on Monday, the pair rose to a high of 0.6215 as the focus shifted to the upcoming US retail sales data. So, what next for the Australian dollar?

Australia’s strong jobs data

The AUD/USD pair rose slightly after Australia released relatively strong jobs numbers. According to the statistics agency, the economy created over 56.3k jobs in December after it added 28.2k jobs a month earlier. That increase was higher than the median estimate of 14.5k.

The country’s labor participation rate rose from 67% to 67.1%, also higher than the expected 67%. This is an important number that looks at the percentage of working age people who are either working or actively looking for work. The unemployment rate rose slightly from 3.9% to 4.0%. 

These numbers mean that the Australian economy is doing modestly well even as interest rates remains stubbornly high. With inflation falling, the Reserve Bank of Australia (RBA) will likely start cutting interest rates this quarter.

The most recent data showed that the headline Consumer Price Index (CPI) fell to 2.8% in Q3 from 3.8% in the previous quarter. It has dropped from a high of 7.8% in 2023, a sign that the country is making progress.

Still, the prices of key items has remained high and have no chance of going down. For example, the housing shortage has led to higher rents in key cities like Sydney and Melbourne. Insurance costs have also rebounded in the past few months.

The AUD/USD also stabilized after China’s economy made some modest improvement, leading to higher iron ore prices. This is notable since iron ore is one of Australia’s biggest exports.

US retail sales ahead

The AUD/USD pair rose slightly after the US released an encouraging consumer inflation report. While the headline Consumer Price Index (CPI) rose from 2.7% in November to 2.9% in December, the closely watched core inflation dropped slightly from 3.3% to 3.2%.

These numbers pushed the US dollar index (DXY) lower to $108.95, down from last week’s high of $110 as investors assessed the Federal Reserve’s reaction. The Fed has hinted that it would maintain a hawkish tone this year because of the stubbornly high inflation.

The upcoming US retail sales data will be the next important catalyst for the AUD/USD pair. Economists expect the numbers to show that headline retail sales fell from 0.7% in November to 0.6% in December. 

Core retail sales, which exclude the volatile food and energy items, is expected to move from 0.2% to 0.5%.

Retail sales are an important part of the economy because they send a sign about the health of the American consumer. Higher retail sales growth are a sign that consumers are doing well.

These sales may bounce back as many people in California start rebuilding after the recent fires.

AUD/USD technical analysis

AUD/USD chart by TradingView

The daily chart shows that the AUD/USD exchange rate bottomed at 0.6133 last week and is currently at 0.6210. It has remained below the important support level of 0.6360, which was its lowest swing in April and August last year. 

The pair remains below the 50-day moving average. Also, the MACD indicator is below the zero line, while the Relative Strength Index (RSI) has tilted upwards. Therefore, the pair’s path of the least resistance is lower, with the next point to watch being at 0.6135. 

The bearish case is because the Federal Reserve and the RBA will remain divergent this year. In this, the RBA will start cutting interest rates, while the Fed will hold them higher for longer.

The post AUD/USD analysis: outlook ahead of US retail sales data appeared first on Invezz

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KOSPI 200 index forecast after the Bank of Korea decision

The KOSPI 200 Index held steady on Thursday as Asian stocks cheered the performance in New York a day earlier. The index, which tracks the biggest 200 companies in South Korea, rose to KRW 335, up by near 7% from its lowest level in December. So, what next for the KOSPI 200 index after the latest Bank of Korea decision?

Bank of Korea interest rate decision

The KOSPI 200 index has largely moved sideways in the past few weeks as investors have focused on the country’s political environment.

Just this week, the police arrested President Yoon Suk Yeul on corruption allegation charges. He is also being investigated for declaring martial law in December and for causing an insurrection, a crime that is punishable by life imprisonment or even death. 

South Korea has been in a crisis since then, with two of Yoon’s predecessors impeached as well. This political crisis may impact the country’s economy as foreign investors stay away from the market. 

The South Korean won (KRW) has also crashed hard in the past few months. It plunged to a low of 1,485 in December and has improved in the past few days to the current 1,450. 

The latest catalyst for the KOSPI 200 index was the Bank of Korea’s interest rate decision. In it, the bank caught the market off guard by leaving interest rates unchanged at 3%, warning that the economy may not hit its target. Analysts were expecting the bank to cut interest rates by 0.25%. 

The rate pause came as recent data showed that the country’s inflation was ticking upwards. These numbers showed that the headline Consumer Price Index (CPI) rose from 1.5% in October to 1.9% in November, higher than the median estimate of 1.7%. 

South Korean stocks performance

The KOSPI 200 index rose slightly, mirroring the performance of American equities. On Wednesday, the Nasdaq 100 index jumped by over 466 points, while the Dow Jones jumped by over 700.

This performance happened after the US released encouraging inflation data. The core consumer inflation figure retreated from 3.3% to 3.2%, a small but crucial move since it has remained at 3.3% in the past few months.

Still, that inflation report will have a minimal impact on the Federal Reserve since inflation remains stubbornly high. The headline Consumer Price Index (CPI) rose from 2.7% to 2.9% in December. 

Many KOSPI index companies have risen this year, with some having big moves in the past two weeks. OCI Co, a top chemicals company, has soared by 43% in 2025, while Hanwha Ocean has jumped by 37%. 

Hanwha Aerospace stock has jumped by 20%, while SK Hynix is LS Electric, and Cosmo Chem have all jumped by over 20% this year. 

Samsung Electronic stock has risen by 2% even as the company goes through major challenges like competition.

KOSPI 200 index analysis

KOSPI 200 chart by TradingView

The daily chart shows that the KOSPI 200 index bottomed at KRW 316 between November and January. It formed a triple-bottom pattern at that level and then bounced back to KRW 335. 

The index has moved above the upper side of the falling wedge chart pattern, one of the popular bullish reversal signs. It has also moved above the 50-day and 25-day moving averages.

Therefore, the index will likely have a strong bullish breakout as investors buy the dip. If this happens, the next point to watch will be at KRW 350, which is about 4.7% above the current level. 

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VIRTUAL price prediction: Virtuals Protocol token could surge 30%

Virtuals Protocol token continued its strong performance this week, rising to $3.9875 on Wednesday as most cryptocurrencies rebounded. The VIRTUAL token has jumped by more than 12,000% from its lowest level in 2024, pushing its market cap to over $2.4 billion. So, is VIRTUAL a good token to buy?

Virtuals Protocol ecosystem is growing

Artificial intelligence (AI) agents are doing well this year, as investors expect the industry to grow further. According to Markets and Markets, the AI agent industry is expected to grow from $5.1 billion in 2024 to over $47.1 billion in 2030.

Virtuals Protocol has become a big player in the crypto industry by providing a platform where developers can launch their AI agents. According to its website, many agents created on its platform have attracted multi-million dollar valuations.

Aixbt, an AI agent that tracks online discussions, has become the biggest player in the ecosystem with a market cap of over $730 million. This growth happened as whales continued accumulating the token after OKX, a leading exchange, listed it. 

G.A.M.E by Virtuals has also become a leading player in the ecosyste, with a market cap of over $250 million. VaderAI has a valuation of $105 million, while Sekoia, aixCB, Luna, Iona, and Acolyte have attracted over $50 million in assets. 

This growth means that Virtuals has become one of the biggest players in the AI industry in crypto. It also has more room to grow because its platform makes it easy to create, launch, and monetize agents. 

The Virtuals token also jumped this week after the developers announced a $40 million buyback and burn program for its ecosystem agents. Some of the top tokens that will benefit from this burn program are AIRENE, Saint, Misato, and Vu. Most of these ones are small agents that are seeking to gain market share. 

VIRTUAL price also bounced back after the developers announced an update to the value accrual mechanism to support the ecosystem. According to the developers, 30% of the post-bonding taxes will go to the agent creator, 20% to affiliates, and 50% to the agent subDAO. 

More reasons Virtuals has soared

The Virtuals token has also jumped as the futures open interest continues rising. According to CoinGlass, the open interest jumped to over $283 million on Wednesday, much higher than this month’s low of $176 million. That is a sign that the token’s futures contracts are seeing strong demand.

It also jumped as other cryptocurrencies rebounded after the US published encouraging consumer inflation data. According to the statistics agency, the core CPI fell from 3.3% to 3.2%, boosting most risky assets like stocks and cryptocurrencies. 

Bitcoin rebounded and retested the resistance point at $100,000, while the market cap of all coins jumped to $3.7 trillion.

VIRTUAL price forecast

VIRTUAL price chart

The daily chart shows that the VIRTUAL price has done well as it surged from $0.016 in August last year to almost $4 today. Most recently, the token formed a doji candlestick pattern on Monday as cryptocurrencies slumped. 

This is one of the most bullish reversal patterns, characterized by a long upper and lower shadow and a small body. A doji is usually a sign that an asset opened and closed at the same price.

The coin has remained above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that it is doing well. Therefore, odds are that the token will continue rising as bulls target the all-time high of $5.1250, which is 36% above the current level.

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Litecoin price prediction: here’s why LTC could surge 25% soon

Litecoin price held steady and crossed the important resistance level at $117.30, its highest swing on January 6. It has soared to its highest swing since December 18, and about 140% from its lowest level in 2024. So, is the LTC token still a good investment, and will it rise by about 22% from the current level?

Why the Litecoin price is soaring

Litecoin price bounced back this week as most cryptocurrencies rebounded following the relatively encouraging US consumer inflation data. 

According to the Bureau of Labor Statistics (BLS) the core consumer price index (CPI) fell from 3.3% in November to 3.2% in December. While that was a small retreat, it was an encouraging figure since it was the first month it had dropped since mid-last year. 

Litecoin and other cryptocurrencies do well in periods of low inflation since it often leads to a weaker US dollar index (DXY) and bond yields. Analysts now anticipate that the Federal Reserve will embrace a dovish tone later this year if this trend continues.

The weak inflation data explains why other coins bounced back. Virtuals Protocol, Fartcoin, Algorand, Sonic, and Hedera Hashgraph were some of the best-performing coins. 

Litecoin price also jumped after Reuters reported that the Securities and Exchange Commission (SEC) was considering making major changes in the crypto industry. The agency is planning to delay some of Gary Gensler’s enforcement measures as it creates friendly regulations. 

These regulations will likely help the crypto industry. They could also include more crypto exchange-traded fund (ETF) approvals. 

Analysts expect that Litecoin would be one of the top beneficiaries of more altcoin ETF approvals. Its approval would be easy because it is a Bitcoin fork, meaning that the SEC would not see it as a security. 

In line with this, crypto ETFs have continued seeing substantial inflows this year. All spot Bitcoin ETFs attracted over $755 million in inflows on Wednesday. 

Meanwhile, Litecoin is relatively cheap, with the Market Value to Realized Value Ratio falling to 1.13, down from this month’s high of 1.30. The MVRV is a popular indicator that is used to assess whether a cryptocurrency is cheap or expensive. A figure of less than 3.8 is a sign that a sector is undervalued.

LTC price analysis

Litecoin price chart | Source: TradingView

The daily chart shows that the Litecoin price bottomed at $50.43 in August last year and then bounced back to $146 in November. It then pulled back to $90 during the recent crypto crash. 

Litecoin has moved above the key resistance level at $117.30, the highest swing on January 6 of this year. This was a crucial level since it was the neckline of the double-bottom pattern at $92. 

Litecoin has remained above the 50-day and 200-day Exponential Moving Averages (EMA), which is a positive thing for the coin. 

Therefore, Litecoin will likely continue rising as bulls target the next key resistance level at $146.97, its highest swing in November. That target is about 22% above the current level. On the other hand, a drop below the key support level at $100 will invalidate the bullish view. 

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Canoo stock price crashed: will GOEV go bankrupt in 2025?

Canoo stock price sits at a record low as the company faces an uncertain future ahead. It was trading at $1.60 on Wednesday, a few points above its all-time low. It has crashed by over 99% from its all-time high as bankruptcy risks remains elevated. So, will GOEV complete the year, or will it collapse like Fisker and Lordstown?

Canoo faces major bankruptcy risks

Canoo is a troubled electric vehicle company that faces major survival risks. The odds of its business surviving through December this year are significantly low as it continues to run out of cash. 

In December, the company announced that it was furloughing 82 workers and idling its plant in Oklahoma as it finalized new financing.

The challenge, however, is that the financing is not guaranteed. Also, the incoming Donald Trump administration will not be keen to providing loans to companies in the electric vehicle industry as Joe Biden did.

It is clear why Canoo furloughed staff and idled plants. The most recent results showed that Canoo’s balance sheet had just $1.53 million in cash and cash equivalents and $3.9 million in restricted cash. 

These funds are not enough to fund a company that is not making substantial revenue and one that is losing millions of dollars a quarter. The last results showed that Canoo made just $891,000 in revenue in the third quarter and $1.49 million in the nine months of the year. 

Canoo made a net profit of $3.25 million in the third quarter and a big net loss of over $112 million in the first nine months. That profit, however, was because of the gain on fair value in warrant and derivative liability. 

Therefore, it is difficult to imagine how Canoo’s business will continue thriving now that it is burning cash and not making any substantial revenues. 

Read more: Canoo stock price: Is GOEV a good contrarian buy?

The company’s biggest challenge is raising additional capital in this market environment. I believe that any potential lenders will be skeptical of extending cash to the company because of its substantial bankruptcy risks. 

Additionally, Canoo requires millions or even over $1 billion to sustain its business in the long term. That’s because its cash burn will continue even when it starts manufacturing and selling its vehicles. 

A good example of this is companies like Rivian and Lucid Group. Rivian, one of the biggest US EV companies, delivered over 51,500 vehicles in 2024, while Lucid sold 10,240 vehicles. Still, these companies continued to burn cash, generating billions of dollars in losses. 

Therefore, we should expect Canoo to continue losing money in the next few years if it raises cash. This means that its bankruptcy risks are significantly high as we have seen with other companies in the EV industry like Fisker and Lordstown Motors.

Canoo stock price analysis

GOEV stock chart by TradingView

The daily chart shows that the GOEV share price has remained under pressure for a long time. It has dropped to $1.58, bringing its market cap to just $22 million. 

Canoo has remained below all moving averages and invalidated the falling wedge pattern that was forming a few months ago. A falling wedge is one of the most popular bullish chart patterns in the market. 

Therefore, the stock will likely continue falling this year as bankruptcy risks rise. However, it will likely have some occasional pumps now that it has become a penny stock.

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Apple slips to third in China’s smartphone market, outshined by Huawei and Vivo

Apple’s descent from the top of China’s smartphone market in 2024 signals a seismic shift in the competitive landscape of one of the world’s largest smartphone markets.

Data from Canalys highlights a 17% decline in Apple’s shipments across the country, marking its worst annual performance ever.

The tech giant’s loss of market share to Huawei and Vivo underscores the growing dominance of Chinese manufacturers and raises questions about Apple’s ability to retain its premium market position in an increasingly innovation-driven environment.

Apple’s struggle in a shifting market

Apple’s 15% market share in 2024 pales in comparison to Vivo’s 17% and Huawei’s 16%, reflecting a decline driven by several factors.

The absence of cutting-edge artificial intelligence features in its latest iPhone models sold in China, coupled with growing consumer interest in domestic foldable phones and other innovations, has dented Apple’s appeal.

Compounding these challenges, Huawei’s resurgence has been particularly striking. After years of sanctions following its blacklisting by the US in 2019, Huawei has leveraged locally developed chipsets to reclaim a foothold in the premium smartphone segment.

This comeback has been bolstered by a 24% surge in shipments during the fourth quarter, outpacing Apple’s efforts to recover.

Meanwhile, domestic brands like Xiaomi and Vivo continue to capture consumer loyalty with products tailored to local preferences.

Vivo’s strength in the budget segment and its steady advancements in technology have made it a formidable competitor to Apple, which has historically targeted the high-end market.

Apple’s pricing strategies under scrutiny

Apple’s response to its declining sales has included rare discounts aimed at boosting demand. A four-day promotional campaign in early January 2024 offered price reductions of up to 500 yuan ($68.50) on iPhone 16 models.

While this strategy aligns with Apple’s broader global pricing tactics, it highlights the growing price sensitivity among Chinese consumers and raises questions about the sustainability of Apple’s premium pricing model in the region.

Despite these measures, Apple’s efforts may not be sufficient to counteract its struggles in a market increasingly shaped by local innovation and aggressive competition.

The company faces additional headwinds, such as the continued expansion of Android brands and the proliferation of advanced features like foldable displays, which Apple has yet to introduce to its lineup.

Implications for Apple’s global strategy

China remains a critical market for Apple, representing a significant share of its global revenue.

The company’s decline in this region has broader implications for its global strategy, especially as emerging markets like India and Southeast Asia become focal points for growth.

The challenges in China serve as a cautionary tale, emphasising the importance of aligning product offerings with local market dynamics and maintaining technological leadership in a rapidly evolving industry.

As Huawei and Vivo solidify their positions, Apple’s ability to innovate and adapt will be crucial in regaining its footing in China.

The company’s next moves, particularly regarding the integration of AI capabilities and the development of new product categories, will likely determine its future trajectory in this critical market.

The post Apple slips to third in China’s smartphone market, outshined by Huawei and Vivo appeared first on Invezz

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TikTok and five other Chinese firms could face GDPR penalties in the EU

Chinese technology firms, including TikTok, face mounting pressure in Europe as compliance with the General Data Protection Regulation (GDPR) takes centre stage.

The latest privacy complaints filed by advocacy group Noyb (None Of Your Business) could potentially result in fines amounting to 4% of the global revenue for each company.

The EU’s stringent data laws, designed to protect citizens’ information, have spotlighted alleged illegal data transfers to China by TikTok, Shein, Xiaomi, AliExpress, Temu, and Tencent’s WeChat.

EU tightens scrutiny of data transfers

The GDPR mandates that user data transfers outside the EU are permitted only if the destination offers protection equivalent to EU standards.

China’s status as a state with extensive surveillance practices has triggered significant concerns.

Noyb’s complaints highlight instances where these companies allegedly failed to adhere to these requirements, either by transferring data directly to China or routing it to undisclosed destinations with inadequate safeguards.

TikTok’s data handling has been under particular scrutiny due to its massive user base in the EU.

In 2023, TikTok reported 150 million active users in Europe, making it one of the region’s most widely used social media platforms.

Regulators worry that sensitive personal information could be accessed by Chinese authorities, an issue exacerbated by growing geopolitical tensions.

Shein and Temu, prominent e-commerce platforms, are also in the spotlight for similar reasons. Both companies reportedly store customer data in jurisdictions that fail to meet GDPR requirements.

The implications extend beyond compliance issues, as these practices raise questions about consumer trust and corporate transparency.

Potential consequences for Tiktok and other companies

Fines under the GDPR are among the most severe in the world, capped at 4% of a company’s annual global turnover or €20 million, whichever is higher.

For TikTok and its peers, this could translate into billions of euros in penalties, alongside reputational damage.

The EU has previously imposed significant fines on American companies such as Meta and Amazon, demonstrating its commitment to enforcing data protection standards without bias.

Beyond monetary penalties, these firms could face operational restrictions, such as suspension of data flows to China unless they implement measures to ensure GDPR compliance.

These requirements could increase operational costs, particularly for firms relying on cross-border data processing to enhance customer experiences and personalise services.

While some companies have pledged to improve their data handling practices, Noyb’s actions signal that self-regulation may no longer suffice.

European authorities are intensifying their efforts to create a level playing field, ensuring that foreign entities operating within the bloc adhere to its legal framework.

Broader implications for global tech firms

The EU’s proactive stance on data privacy could influence regulatory trends worldwide, particularly in jurisdictions that are currently less stringent.

This is likely to affect not only Chinese firms but also global technology companies seeking to maintain operations in Europe.

As regulatory scrutiny intensifies, businesses may need to reconsider their data governance strategies.

Implementing robust data protection frameworks, including localising data storage within the EU, could become a standard practice for firms looking to avoid hefty fines and maintain consumer trust.

For European consumers, these developments highlight a broader commitment to safeguarding privacy rights.

However, they also underscore the complexity of enforcing these protections in a globalised digital ecosystem where data flows transcend borders.

The GDPR’s emphasis on accountability serves as a reminder that data protection is not merely a legal obligation but a critical aspect of maintaining a competitive edge in the increasingly regulated global market.

As the EU targets non-compliance, Chinese technology firms face a pivotal moment that could redefine their operations and strategies in Europe.

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Canoo stock price crashed: will GOEV go bankrupt in 2025?

Canoo stock price sits at a record low as the company faces an uncertain future ahead. It was trading at $1.60 on Wednesday, a few points above its all-time low. It has crashed by over 99% from its all-time high as bankruptcy risks remains elevated. So, will GOEV complete the year, or will it collapse like Fisker and Lordstown?

Canoo faces major bankruptcy risks

Canoo is a troubled electric vehicle company that faces major survival risks. The odds of its business surviving through December this year are significantly low as it continues to run out of cash. 

In December, the company announced that it was furloughing 82 workers and idling its plant in Oklahoma as it finalized new financing.

The challenge, however, is that the financing is not guaranteed. Also, the incoming Donald Trump administration will not be keen to providing loans to companies in the electric vehicle industry as Joe Biden did.

It is clear why Canoo furloughed staff and idled plants. The most recent results showed that Canoo’s balance sheet had just $1.53 million in cash and cash equivalents and $3.9 million in restricted cash. 

These funds are not enough to fund a company that is not making substantial revenue and one that is losing millions of dollars a quarter. The last results showed that Canoo made just $891,000 in revenue in the third quarter and $1.49 million in the nine months of the year. 

Canoo made a net profit of $3.25 million in the third quarter and a big net loss of over $112 million in the first nine months. That profit, however, was because of the gain on fair value in warrant and derivative liability. 

Therefore, it is difficult to imagine how Canoo’s business will continue thriving now that it is burning cash and not making any substantial revenues. 

Read more: Canoo stock price: Is GOEV a good contrarian buy?

The company’s biggest challenge is raising additional capital in this market environment. I believe that any potential lenders will be skeptical of extending cash to the company because of its substantial bankruptcy risks. 

Additionally, Canoo requires millions or even over $1 billion to sustain its business in the long term. That’s because its cash burn will continue even when it starts manufacturing and selling its vehicles. 

A good example of this is companies like Rivian and Lucid Group. Rivian, one of the biggest US EV companies, delivered over 51,500 vehicles in 2024, while Lucid sold 10,240 vehicles. Still, these companies continued to burn cash, generating billions of dollars in losses. 

Therefore, we should expect Canoo to continue losing money in the next few years if it raises cash. This means that its bankruptcy risks are significantly high as we have seen with other companies in the EV industry like Fisker and Lordstown Motors.

Canoo stock price analysis

GOEV stock chart by TradingView

The daily chart shows that the GOEV share price has remained under pressure for a long time. It has dropped to $1.58, bringing its market cap to just $22 million. 

Canoo has remained below all moving averages and invalidated the falling wedge pattern that was forming a few months ago. A falling wedge is one of the most popular bullish chart patterns in the market. 

Therefore, the stock will likely continue falling this year as bankruptcy risks rise. However, it will likely have some occasional pumps now that it has become a penny stock.

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iDEGEN price forecast: Bitget CEO predicts $60B market cap for AI agent tokens in 2025

Despite Bitcoin’s volatility above and below the $100K psychological mark, crypto experts remain confident about the market in the upcoming months.

Bitget CEO Gracy Chen forecasts remarkable growth for crypto linked to AI agents.

The entrepreneur expects the sector to hit $60 billion in market capitalization this year.

Such remarks have renewed investor optimism on the trending iDEGEN (IDGN), with speculation about its future price potential.

iDEGEN is a crypto artificial intelligence project that relies on Crypto Twitter (the cryptocurrency community on the X platform) for its performance.

Its fast-paced ICO approaches $17 million, reflecting unwavering investor trust in IDGN’s future.

The project looks to transform the agentic AI assets space, which currently commands over $16 billion in market cap and around $3.68 billion in 24-hour trading volume.

Source – CoinGecko

Understanding AI agents in cryptocurrency

Crypto artificial intelligence agents are software programs that run autonomously within blockchain ecosystems.

They leverage AI to complete tasks according to given rules without human involvement.

They are crucial in the crypto space as they can manage transactions and blockchain data, and interact with different systems.

AI agents are innovative bots with inbuilt capabilities to adapt to new conditions while learning from experience.

Crypto AI agents gather blockchain data, leverage AI algorithms to analyze the information, and act according to what they learned.

That’s unlike the average bots that adhere to fixed prompts.

AI agents in crypto: how do they work?

  • Collecting data: they analyze facets such as market prices, news feeds, and transaction volumes to collect information.
  • Processing data: the agents use AI’s machine learning models to analyze the data, identify patterns, and forecast trends.
  • They can train themselves using massive data sets to enhance their accuracy and decision-making.
  • Execution: after evaluating the data, agents complete tasks such as purchasing or selling digital tokens, managing portfolios, and modifying interest rates and loans in DeFi platforms.

Notably, crypto agents often access user wallets and can transact autonomously.

Nevertheless, they boast systems that prevent overspending or specific approvals.

Thus, AI agents remain crucial in the maturing cryptocurrency market. According to Binance,

For the crypto industry, which thrives on decentralization and innovation, the introduction of AI agents opens up a world of possibilities. They bring the promise of enhanced efficiency, smarter decision-making, and entirely new economic paradigms.

 AI agents will likely dominate crypto trends in the anticipated 2025 bull run.

Broad-based optimism amidst friendly economic conditions could see the segment attaining the $60B market cap target this year.

iDEGEN price outlook

iDEGEN appears well-poised to capitalize on these trends for robust growth.

IDGN trades at $0.038, and early investors have already made approximately 9000% in returns.

The altcoin will likely explode past $1 after its exchange debut on February 27.

You can find more information about iDEGEN here.

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Adani Group stocks gain as Hindenburg Research ceases operations

Adani Group stocks surged today as Hindenburg Research, the short-selling firm infamous for its critical reports, announced its immediate closure.

Hindenburg’s founder, Nate Anderson, cited the completion of their “pipeline of ideas” as the reason for the firm’s shutdown.

The market’s response indicates renewed investor confidence in Adani Enterprises and its subsidiaries.

Adani stocks cheers after Hindenburg exit

Hindenburg Research’s abrupt closure has sent ripples through global financial markets, but nowhere has the impact been more pronounced than on Adani Group stocks.

Shares of Adani Enterprises opened at ₹2,500 today, marking a rise from the previous day’s close of ₹2,388.

Other companies in the group, including Adani Power, recorded substantial gains, as investors reassessed the group’s prospects in the absence of further scrutiny from the short-seller.

The firm, known for its high-profile short-selling campaigns, had targeted Adani Group earlier in 2023.

Hindenburg Research published a highly critical report accusing the Adani Group of financial misconduct.

This led to a massive decline in the conglomerate’s market value. Although the Adani Group has vehemently denied the allegations, the impact of Hindenburg’s report on the conglomerate.

Many of the conglomerate’s listed entities including the flagship Adani Enterprises still trade below the pre-Hindenburg levels.

These allegations wiped billions off the conglomerate’s valuation and drew political and regulatory attention in India. However, with Hindenburg now out of the picture, the Adani Group appears to be regaining momentum.

The report also saw the group’s chairman Gautam Adani’s net worth crashing to record lows. Before the release of the report in 2023, Adani had briefly become the second richest person in the world.

Adani Group stock price action

NDTV (New Delhi Television Ltd) is currently trading at ₹163.47, up 10.99%.

Ambuja Cements Ltd is currently trading at ₹539.40, up 3.87%.

Adani Green Energy Ltd is currently trading at ₹1,074.20, up 3.78%.

Adani Power Ltd is currently trading at ₹562.40, up 2.36%.

Adani Ports and Special Economic Zone Ltd is currently trading at ₹1,155.45, up 2.35%.

Adani Total Gas Ltd is currently trading at ₹675.60, up 2.02%.

Adani Enterprises Ltd is currently trading at ₹2,435.40, up 1.98%.

Adani Energy Solutions Ltd is currently trading at ₹792.90, up 1.63%. ACC (ACC Ltd) is currently trading at ₹1,998.40, up 1.46%.

Implications for Adani and market dynamics

The closure of Hindenburg Research not only marks the end of a controversial era but also alters the dynamics of market oversight and investor sentiment.

While the Adani Group still faces unresolved questions from Indian and global regulators, the absence of a vocal critic like Hindenburg is likely to shift the narrative in its favour.

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