Russia has announced that nearly all of its trade with India and China is now conducted in national
Russia has announced that nearly all of its trade with India and China is now conducted in national currencies, marking a significant shift away from the U.S. dollar. President Vladimir Putin revealed that over 90% of trade with China is now settled in rubles and yuan, while more than 50% of trade with India follows the same trend. This change came in response to Western sanctions imposed after Russia's invasion of Ukraine in 2022, which blocked access to global financial systems like SWIFT. As a result, Russia has been pushing for local currency settlements, forging stronger economic ties with China and India to bypass traditional financial systems.
Trade between Russia and China has surged, with both countries deepening their "strategic partnership." In 2023, bilateral trade reached a record $240 billion, and economists expect it to grow further by 2024. Over 90% of this trade is now conducted in rubles and yuan, with the share of yuan in Russia’s exports to China skyrocketing from 0.5% in 2021 to 16% in 2022. Similarly, imports from China saw yuan usage rise from 4% in 2021 to 23% the following year. Meanwhile, the U.S. dollar’s role in this trade has significantly diminished, falling from 46.8% in 2021 to nearly zero by 2023. Russian banks have also increased their yuan reserves, surpassing dollar reserves by December 2023.
India, although slower to adopt these changes, now conducts more than 50% of its trade with Russia in local currencies. This shift is part of a broader "de-dollarization" strategy, which Putin has championed, claiming that the dollar has become a tool for Western political agendas. While there has been some tension between Putin and former U.S. President Donald Trump, with Trump threatening high tariffs on countries that move away from the dollar, Putin has expressed his readiness to engage with Trump if he wishes to meet in the future.
If you open a trade position then market price suddenly goes against you , You will close your position at a loose ? Or you will open a hedge position and wait to gain back your momentum ‼️ As for me I don't close a position at a loose I will open hedge and I will wait the price to reverse in favor with me and close my position as a winner ‼️ HATE LOSES EVERYONE
🚀 4 Altcoins Under $0.10 That Could Explode by 2025! 💰
If you’re on the hunt for high-risk, high-reward altcoins with the potential to soar 5000% or more, look no further! Here are 4 hidden gems under $0.10 that are packed with potential for massive gains.
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1. VeChain ($VET) 🌐
Price: $0.02 - $0.05
The Vision: Transforming global supply chains through blockchain technology, VeChain brings transparency, efficiency, and sustainability to industries.
Why It Could Fly: With major partnerships like Walmart and BMW, VeChain is gaining trust from top-tier enterprises. As blockchain adoption grows, VeChain is positioned to dominate the supply chain sector.
2025 Potential: Scaling enterprise use cases could turn VeChain into a powerhouse, driving exponential value growth.
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2. Hedera Hashgraph ($HBAR) 💡
Price: $0.05 - $0.09
The Vision: A scalable and lightning-fast alternative to traditional blockchains, powered by giants like Google, IBM, and Boeing.
Why It Could Soar: Hedera’s next-gen tech solves key blockchain issues like speed, scalability, and cost-efficiency, making it a favorite for enterprise adoption.
2025 Potential: With blockchain adoption at an all-time high, Hedera’s unique tech could attract massive institutional investments.
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3. StormX ($STMX) 💰
Price: $0.02 - $0.04
The Vision: Revolutionizing online shopping with crypto cashback rewards, bridging consumers and blockchain effortlessly.
Why It Could Surge: Backed by partnerships with top retailers like Nike and Walmart, StormX is riding the wave of crypto mainstream adoption.
2025 Potential: A growing user base and wider crypto acceptance could make StormX a favorite for both shoppers and investors.
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4. Alien Worlds ($TLM) 🎮
Price: $0.05 - $0.08
The Vision: A blockchain-based play-to-earn metaverse game where players mine, trade, and earn rewards in a futuristic virtual world.
Why It Could Skyrocket: As blockchain gaming gains momentum, Alien Worlds combines immersive gameplay with real-world earning opportunities.
2025 Potential: The rise of the metaverse and NFTs could push Alien Worlds into the spotlight, turning players into investors.
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Why These Altcoins Could Be Game-Changers
All four projects boast strong fundamentals, real-world use cases, and significant adoption potential. While prices under $0.10 may seem small, their growth potential is enormous if blockchain adoption continues to accelerate.
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A Word of Caution ⚠️
Crypto investing is speculative and highly volatile. While the potential rewards are massive, the risks are equally significant. Always DYOR (Do Your Own Research), diversify your portfolio, and invest only what you can afford to lose.
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💎 Final Takeaway: VeChain, Hedera, StormX, and Alien Worlds are promising contenders for anyone looking to catch the next big crypto wave. Which one has caught your eye? Let’s discuss below!
technical analysis and trade signal for $LINK /USDT, including three target levels and trade momentum:
Current Price: $25.85 (+4.11%)
24h High: $27.41
24h Low: $24.44
Resistance Level: $27.41 (previous high)
Support Level: $24.44 (previous low)
Key Indicators:
RSI (Relative Strength Index): The RSI is likely in a neutral range, around 50, indicating that the market is balanced between buyers and sellers.
MACD (Moving Average Convergence Divergence): Positive momentum if the MACD line is above the signal line.
Volume: 8.69M LINK traded, indicating moderate market activity.
Trade Signals:
Buy Signal:
If LINK breaks above $27.41 (24h high), expect a bullish continuation with a potential rally towards the target levels below.
Sell Signal:
If LINK falls below $24.44 (24h low), consider shorting or exiting positions as the price could retest lower levels.
Target Levels 🎯:
1. Target 1 - $28.50: A break above $27.41 could drive the price towards $28.50, a key resistance zone. A solid close above this level may further push the price upwards.
2. Target 2 - $30.00: If bullish momentum continues, the next major target lies at $30, a psychological resistance level. Watch for confirmation through high volume.
3. Target 3 - $32.00: A strong uptrend could push LINK towards $32. This level could be reached if the broader market remains bullish and LINK continues its momentum.
Trade Momentum:
Bullish Momentum: If LINK maintains its bullish trend above $25.85, the market may continue towards the target levels.
Bearish Momentum: A drop below $24.44 indicates weakness, and the price could test the $22.50–$23.00 range. #BURNGMT #CardanoFoundationHack