What Is Governance ?

Governance stands as a crucial element across all cryptocurrency ventures, particularly within decentralized blockchains where governance structures often lean towards a more open framework. Various governance approaches exist, with on-chain governance serving as a primary method for voting in blockchains. In this model, rules dictating participation and decision-making are embedded directly within the blockchain itself. Proposed changes are submitted by developers, and every node in the network must collectively approve or reject these alterations, aligning with the decentralized nature of cryptocurrencies.

While on-chain governance ensures widespread participation in decision-making, some concerns arise regarding the concentration of power among miners. On the other hand, off-chain governance is another prevalent decision-making structure, observed in cryptocurrencies like Bitcoin and Ethereum. In this approach, developers, miners, users, and business supporters collectively engage in decision-making without requiring validation from all miners and nodes. This method, akin to traditional business governance, does introduce a degree of centralization to the project.

Many blockchain projects have introduced governance tokens to enhance decentralization in the decision-making process. Stakeholders acquire and stake these tokens to gain voting rights, actively participating in project-related decisions. Decentralized Autonomous Organizations (DAOs) commonly utilize governance tokens, creating a system where a pool of stakeholders holds voting rights in lieu of a centralized management structure.

In conclusion, governance is a pivotal aspect of all crypto projects, determining the participants' rights in decision-making. Both on-chain and off-chain governance models come with their own set of advantages and disadvantages, but the trend is leaning towards an increased demand for on-chain voting rights distribution.

Here's the Analysis of #WLD :

#WLD is been broke out of the Falling Wedge Pattern and worked pretty well. Right now, price is in consolidating in a range and build-up a support around $3.36 - $3.43. Daily TF looks too messy for price action, so you can wait for a clean breakout either side of the zone.

#BTC $45,000 🚀🚀🚀

#Bitcoin is breaking out of the triangle and the major resistance level. A daily candle close above the resistance level will confirm the breakout. The volume is increasing as the holiday season is ending.

#TLM made a daily candle closure and going as per our planned way. Price moved around 7.7% in favor, and a pretty small range but good enough for scalping, so make it accordingly and shorting only at $0.02 resistance area.

The chart below visualises the change in percent supply in profit over each calendar year since 2015. Whilst the delineation by year isn't perfect, the classic four year Bitcoin cycle allows us to spot some interesting patterns:

🟠 Bear Floor/Recovery sees the largest increase in supply in profit as coins capitulated near the lows return to profitable territory.

🔵 Early Bull Market where the general uptrend puts the majority of coins in profit, and rallies to new ATHs.

🟢 Euphoric Late Bull where the market is at ATHs, resulting in small positive, to negative readings since all coins are already in profit and the market nears exhaustion.

🔴 Primary Bear following the market peak, as significant volumes of coins fall into loss.

Whilst simple in construction, this framework really highlights the similarities between 2015-16, 2019-20, and the progress of 2023 thus far.

Here's the Analysis of #WRX :

#WRX is been kinda moving confusing moves at the moment, Price already rejected strongly from the Major Resistance Area of $0.26 - $0.27 and might gonna reach the support zone (Grey Box) of $0.19 - $0.20 as there's a ton of liquidity building below it. Buy will come from there so take the setup accordingly.

#BTC did gave a breakout and kinda slow down now and into a retest phrase back to the zone. We need to see Daily candle hodling above the zone, where it cloud ended up in printing a new Higher High. Day by Day we're approaching towards the ETF Dates and hopefully, we'll see some volatility with this to next week, like earlier this week happened. Keep the tight stops over the running trades, movement can kick in either side aggressively.

Today is the 15th anniversary of the Genesis Block, the first #Bitcoin block, mined by Satoshi Nakamoto on the 3rd of January, 2009.

#ETH is been continuously rejecting from Resistance zone around $2400, making it a Major Area now. Price again rejected from there but still hodling the Bullish Market Structure. Expected a Breakout anyways sooner as a ton of liquidity building above those areas. Alternatively, a support is there to hodl it and continue the range.

A relatively new phenomena the last cycle was the outsized role that stablecoins have played in market structure, becoming the preferred quote currency for traders, and a primary source of market liquidity.

Aggregate stablecoin supplies had been in decline since March 2022, falling by -26% from the peak, being a major headwind for market liquidity. This is due to a combination of regulatory pressures (SEC charged BUSD for being a security), capital rotation (preferring US treasuries vs non-interest bearing Stablecoins), and waning investor interest in the bear market.

Market made a very sharp dump right now

Potential Reason for the Dump Could be the #Matripox foresaw the SEC's rejection of the #BitcoinETF at spot # in January and anticipates a potential dip in #Bitcoin, reaching approximately $35,000 before its next upward movement.

What Is a Gray Swan Event?

A Gray Swan event is a term used to describe a foreseeable but unlikely and impactful occurrence that falls between a Black Swan event (unpredictable, rare, and highly impactful) and a White Swan event (common and expected). Gray Swan events are events that are not entirely unexpected but are not considered probable or mainstream.

Example of a Gray Swan Event:

Financial Crisis of 2008:

The global financial crisis of 2008 serves as an example of a Gray Swan event. While there were warning signs and concerns about the stability of the financial system, many considered a widespread collapse unlikely. The complexity of financial instruments and interconnectedness of global markets contributed to the crisis, which had significant and unforeseen consequences.

In this case, the elements leading to the crisis were not entirely hidden, but the severity and global impact were underestimated. The financial crisis is often referred to as a Gray Swan event because, in hindsight, some aspects were foreseeable, yet the extent of the crisis caught many by surprise.

Here's the Analysis of #GALA :

#GALA is been dumped sharply with the market movement and H4 trying to gave a closing below the strong support zone of $0.027 - $0.028. Well, price was inside of the large consolidation, and gave a break now. Most probably, it gonna gave a a short sells opportunity, so eyes on Daily closure and retest.

#BTC goes wild as expected, gave a strong volatile movement, dipping back down towards the Major Support Area of $40,800 - $42,000. Price strongly rejected from Major support, showing buyers confidence, although, price again back inside the range, so continue to do so. More these types of movement ahead, so careful with the movements.

#WRX exactly tapped into the support zone as mentioned and strongly reacted from it. Well, price moved around 8% in favor, and its time to set the stops to BE. Also, price is now at structural Resistance Area, where it reject too, so take partials is also a good decision.

What Is a White Swan Event?

A White Swan event in the financial market refers to a highly foreseeable and expected occurrence. Unlike Black Swan events that are rare and unpredictable, White Swan events are events that market participants generally anticipate due to their regularity or historical precedent.

Example of a White Swan Event in the Financial Market:

Quarterly Earnings Reports:
Quarterly earnings reports released by publicly traded companies are a classic example of a White Swan event in the financial market. These reports are scheduled, anticipated, and provide detailed information about a company's financial performance, including revenue, profits, and future guidance. Investors and analysts typically expect these reports and plan their investment strategies around them.

For instance, if a company is known to release its earnings report on a specific date, investors will prepare for potential market movements based on the outcomes. Positive earnings may lead to a rise in the company's stock price, while disappointing results may result in a decline. Since the timing and content of earnings reports are known in advance, they are considered White Swan events in the financial market. Investors actively incorporate these events into their decision-making processes, and the market usually adjusts accordingly.

A well known example of a White Swan event could be the scheduled and anticipated #Bitcoin halving. The Bitcoin halving is a pre-programmed event that occurs approximately every four years, reducing the rate at which new bitcoins are generated by half. Bitcoin halving's are well-known and expected by the cryptocurrency community because they are part of the Bitcoin protocol. Miners and investors anticipate the impact of this event on the supply and demand dynamics of Bitcoin, making it a White Swan event in the crypto space.