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Over recent decades, cryptocurrency has undergone significant evolution, finding acceptance across various sectors. One sector notably impacted by crypto is the sports industry, particularly soccer, where many football clubs now embrace fan tokens offering diverse benefits. These tokens grant supporters exclusive perks such as access to player interactions, voting rights in club decisions, VIP seating during matches, and more. During the last World Cup, fan tokens, exemplified by ARG (Argentina fan token), experienced remarkable surges in the crypto space. Major clubs like PSG, Barcelona, Manchester City, and Chelsea have also joined the trend, launching their own fan tokens. The pinnacle of soccer and crypto integration was reached when Bitget announced Lionel Messi as its club ambassador. This move marked a turning point for many in the sports arena, highlighting the potential for crypto to revolutionize the industry. To enhance users' crypto experience, Bitget frequently organize events such as Crypto Soccer 2024, where $150,000 USDT is allocated for distribution among participants. As the collaboration between crypto and soccer continues to evolve, driven by innovative players like Bitget, it's foreseeable that we may witness a complete departure from conventional practices within the sports industry. What are your thoughts on this transformative journey? -
FTSE 100 joined by DAX 40 in setting new record high while S&P 500 also rallies Outlook on FTSE 100, DAX and S&P 500 as UK exits recession. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Friday 10 May 2024 13:30 FTSE 100 has so far seen six straight days of record highs The FTSE 100 has so far seen six straight days of gains with each making a new record high and may see a seventh on Friday as the UK exits its 2023 recession with better-than-expected 0.6% quarter-over-quarter GDP growth. The psychological 8,500 mark represents the next upside target while the April-to-May uptrend line at 8,362 underpins. Source: ProRealTime DAX 40 trades in new record highs The DAX 40 has so far seen six consecutive days of gains which have taken it to a new record high on Friday morning with the 19,000 region being targeted. Minor support can be spotted at the previous record high, made in April at 18,636. Source: ProRealTime S&P 500 trades in one-month highs The S&P 500’s 4% rally from its early May low has taken it above the 5,200 mark, close to the 10 April high at 5,234. Above it lies the April record high at 5,274. Potential slips may encounter support at the 5,200 mark, hit on Tuesday, and at Wednesday’s 5,164 low. Source: ProRealTime -
Gold price, WTI crude price and natural gas price enjoy strong gains Commodity prices have made solid headway over the past week, and are in strong form as the final session of the week gets underway. Source: Getty Images Written by: Chris Beauchamp | Chief Market Analyst, London Publication date: Friday 10 May 2024 13:16 Gold storms through $2300 The price lurched higher on Thursday, providing further evidence that a bottoming process is in place. It has taken around three weeks, but the pullback from the mid-April highs appears to have been halted around $2295, with buyers having stepped in last week around $2280. Thursday’s gains put the price back on an upward footing and suggest another test of the $2400 highs. Source: ProRealTime WTI heading higher After Wednesday’s big recovery off the lows and back above the 100-day simple moving average (SMA), Thursday saw further gains that once again provide hope that a low is in place. Further gains above the 200-day SMA and $80 would reinforce this view, and open the way to trendline resistance from the April highs. This stalled the gains of late April, and led to a fresh leg lower, so a close above trendline resistance would be a positive development. A reversal back below $77 would be needed to hint that the current rally is at an end. Source: ProRealTime Natural Gas keeps on rallying Natural gas’ huge gains continue, as the price breezes through 2300 and heads on towards the 200-day SMA. The downtrend of November – March seems to have come to an end. Even a drop back to 2100 would leave rising trendline support from late March intact. Source: ProRealTime
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