#BTC on H4 TF, still remains the same but the Weekly closing made a good push and given the close above the structural Resistance. But the thing is, Candle have a large wick on top of it, showing the selling pressure/ Rejection. Marketing is also showing some consolidation now, expected to reach the Major Support Zone now.

#BTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a little bit.

#THETA is been dropped again back to the zone, as expected for a Wickfill now. Price on H4 TF, getting rejected but on Daily TF, rejecting it with a Trendline Confluence. In case, it closes below then shorting opportunity can be taken into consideration. till $0.85

What Is Hybrid PoW/PoS?

Hybrid Proof of Work/Proof of Stake (Hybrid PoW/PoS) is a consensus mechanism that combines elements of both Proof of Work (PoW) and Proof of Stake (PoS) to secure a blockchain network. This hybrid approach is designed to leverage the strengths of both PoW and PoS while mitigating their respective limitations. Here's a brief overview of Hybrid PoW/PoS:

1. Proof of Work (PoW):
- In a traditional PoW system, miners compete to solve complex mathematical puzzles, and the first one to solve it gets the right to add a new block to the blockchain. PoW is known for its security through computational work and has been widely used in cryptocurrencies like Bitcoin.

2. Proof of Stake (PoS):
- In a PoS system, validators are chosen to create new blocks based on the amount of cryptocurrency they hold and are willing to "stake" as collateral. PoS aims to achieve consensus in a more energy-efficient manner compared to PoW.

3. Hybrid PoW/PoS:
- The hybrid model incorporates aspects of both PoW and PoS to create a more balanced consensus mechanism. The goal is to benefit from the security features of PoW and the energy efficiency and scalability of PoS.

4. Security Through PoW:
- The PoW component provides an initial layer of security by requiring miners to perform computational work. This helps prevent certain types of attacks and ensures a fair distribution of new coins.

5. Energy Efficiency of PoS:
- The PoS component reduces the environmental impact and energy consumption associated with pure PoW systems. Validators are selected based on the amount of cryptocurrency they hold, promoting a more eco-friendly consensus process.

6. Block Validation:
- The hybrid model may use PoW for block validation initially and gradually transition to PoS as the blockchain matures or as certain conditions are met. This allows for flexibility and adaptation to changing network requirements.

7. Resistance to 51% Attacks:
- By incorporating PoW, the hybrid model aims to resist 51% attacks, where an entity controls the majority of the network's computational power. PoS further enhances security by adding a layer of economic incentive for validators to act honestly.

8. Scalability:
- PoS is generally considered more scalable than PoW, and the hybrid model benefits from this scalability, allowing for faster transaction processing and a potentially higher throughput.

Examples of cryptocurrencies that have implemented a hybrid PoW/PoS consensus mechanism include Decred (DCR). Each hybrid system may have unique parameters and configurations tailored to the specific goals and requirements of the blockchain network.

Here's the Analysis of #KLAY :

#KLAY is been strong rejected off from the Resistance Area, and broke off the consolidation range. Price Nearly reached out the very last support zone of $0.145 - $0.148 and still we can expected to tap into it as market structure is bearish. Shorting can be done near at $0.186 - $0.188 till support with a medium amount of risk.

#BTC 47,000 and moving 🚀🚀🚀

#BTC didn’t followed our plan but goes as per weekly idea. Price broke though the Strong Resistance Area and Pumping. Moreover, #ETF news is just on the head now, so this might be due to that and now price will sustain over the level until further release. A potential retest is expected back to $45,000, which will be a healthy correction.

#WRX playing with the support very well, and keep on hodling the support. We callout buys over there and pushed good around 17% and 13.9% as well. I hope you took advantage of it and currently, this support looks weaken but still good, so wait for the further opportunities and hodl any longs and add anymore.

What Is Impermanent Loss?

Impermanent loss can arise when there is a price discrepancy between the two assets a trader holds on a DEX, usually a cryptocurrency and a stablecoin (such as USDC). When the price of the cryptocurrency falls relative to the stablecoin, the trader can experience a loss due to the difference in prices. This is known as impermanent loss.

How Does Impermanent Loss Work?

Impermanent loss occurs when traders use a DEX to buy one asset with another asset. For example, if a trader buys Ethereum using USDC, then the trader is exposed to the price movements of both assets. If the price of ETH falls relative to USDC, the trader’s profit from the trade will decrease or even become a loss. This is because they have to sell the ETH at a lower price to get back to the original USDC amount.

Let’s imagine that a provider needs to offer equal levels of liquidity in both USDC and ETH but suddenly, the price of ETH goes up. This creates an opportunity for arbitrage because the price of ETH in the liquidity pool now doesn’t reflect the market price. Other traders will buy ETH at a discounted rate until the equilibrium is restored.

After arbitrage, a liquidity provider may end up with a greater amount of USDC and slightly less ETH. Impermanent loss is the difference between the trader's new portfolio balance and what they would have had if they had just held on to their old balance. The loss is realized when a trader withdraws the liquidity from the pool.

How to Avoid Impermanent Loss?

One way to prevent impermanent loss is to use stablecoins, such as USDC and DAI, or wrapped versions of the same assets like wBTC offered by Curve. Balancer also offers arbitrary weights for its liquidity pools different from the 50/50 model, which can reduce the risk of impermanent loss if a token has a higher weight in the pool.

Additionally, a few DeFi protocols are beginning to explore innovative solutions like price oracles used by Bancor, and single-sided liquidity pools employed by Tokemak, where the protocol’s native token absorbs the risk of impermanent loss in exchange for swap fees and bribe rewards.
Impermanent loss can also be minimized by setting up a portfolio of assets that are relatively well-correlated. This way, when the prices of the assets diverge, the portfolio will remain relatively balanced, and the trader can avoid any unexpected losses.

Tether Treasury minted 1,000,000,000 USDT (1,000,497,499 USD) just a few minutes ago.

You know that, what this for :-)

Here's the Analysis of #FET :

#FET is been moving very correctively, rejecting it from the Strong Resistance Area of $0.71 - $0.75 and also made a structural shift form the Strong Support area of $0.57 - $0.59. Well, its been a range and a retest back to support will good for buys with a slightly bigger stops.

#BTC made a potential retest back to the Major Support zone as expected. Well, this was due to a Positive tweet from Official X account of #SEC on #ETF. This was a fake news as it dropped when came into highlight. Also, mostly event aligns with Technical most of the time. Now today we've to wait and watch for the news to kick in momentum into the market.

Notice of Removal of Spot Trading Pairs - 2024-01-12
https://www.binance.com/en/support/announcement/f7e3c64aa763470980050f3b823b8ccd

What Is an Initial Bounty Offering (IBO)?

Whereas initial coin offerings require people to purchase tokens using fiat, initial bounty offerings result in people being rewarded with free or discounted tokens in exchange for their services.
Enthusiasts who dedicate their time and skill to further a project — by completing tasks related to translation, marketing, business development or human resources — can be eligible in an IBO.

This can mean that they’re emotionally invested in a project and more determined to see it succeed, and this approach can be more effective in building a community.

As a result, IBOs require more mental commitment from the receiver.

Those who receive tokens can cash them out at a later stage once they are listed on an exchange, or they can hold on to them in the hope that their value grows.

Upon completion of an ICO, bounty programs may be utilized to obtain feedback on a cryptocurrency project’s code or to compensate for efforts for promoting the coin.

Coders who are able to identify flaws in the blockchain may also be given rewards in the form of bug bounties, and these rewards can run into many thousands of dollars.
Some well-known cryptocurrencies — such as Zcash and Ethereum — have utilized bounty programs to reward developers who assisted in the development of the blockchain.

Here's the Analysis of #BAKE :

#BAKE is been moving inside the small downtrend channel pattern and kept on rejecting the Strong Support Zone around $0.31. Well, As per market structure is it looks bearish, it will be risky setup, so you can take low risk here. alternatively, you can wait for a breakout of the channel to get-in.

#SEC officially approves all Spot #Bitcoin #ETFs.

#BTC also sustaining over the $45,000 mark and good to see, alts already started moving. More yet to more, load up the bags 📊

#BTC, did multiple retest back to the zone and kinda have it break and retest. Price already rejecting the zone multiple times, which is sort of #bullish as of now. #ETFs also get approvals, good to see price sustaining over the zone. Well, if #Bitcoin remains silent over this, then we can see a good rally in alts soon.