Here's the Analysis of #CAKE :

#CAKE is been struggling to move higher after the sharp up-move and down-move in the price. Price also respecting the trendline and holding over the strong support zone of $2.52 - $2.59. Buys can be taken along, for a scalp move.

#BTC had a very decent closing over the Weekly TF, not so strong not so weak, just above $98,000. A closure above $100,000 will be better and now price approaching towards the $100,000 mark and looking at the corrective in price, it might reject strongly.

#US30 UPDATE :

#US30 perfectly dropped from the resistance but failed to create a new lower low and Index caught up in a range and kind of double bottom pattern formations. Price needs to have a breakout of the range and there after setups might play on after a retest.

What Is Utility Mining?

Utility mining is a mechanism or process in which participants engage in protocol-specified on-chain activity and are rewarded with tokens for doing so. Protocols can utilize utility mining to distribute their native or governance tokens to end-users and attract new users to their protocols, helping bootstrap themselves as well as mitigating the risks of mercenary capital. This process incentivizes users to interact with the underlying protocol to receive additional yields.

One of the risks of such a system is the potential for Sybil attacks, as yield is distributed on the basis of activity. One solution to this is leveraging the Transfer Rewards Function (TRF), allowing utility mining to sustainably distribute tokens in a probabilistic mechanism (the fact that rewards are distributed in tiers) each time any user performs an on-chain transaction. TRF is a custom mathematical function that distributes rewards through the use of assets. It takes into account the size of the reward pool and the transaction amount.

These rewards are distributed in tandem with other rewards, granting each network participant equal opportunities to generate large amounts of yield, whether they are sending or receiving these assets. For example, AMM A decides to distribute a portion of its tokens ($AMM) through utility mining. This may incentivize rational users of, for example, AMM B to use AMM A for a period of time to maximize their yield.

A user using AMM A will potentially be able to get exposure to AMM A tokens ($AMM) every time they make a trade, maximizing their expected outcome. However, to claim this yield, the user has to learn and understand how to use AMM A and be actively engaged in deriving utility out of it. The user may also be contributing towards its revenue for the services provided.
Once the yield towards the end of the utility mining initiative is reduced, the user may choose to remain a long-term user of AMM A, as they were able to derive value out of it and potentially keep using it for its value proposition.

MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR

#BTC 100,000 💪

Here's the Analysis of #FTM :

#FTM going though a downtrend phrase and taking support near by $0.71 - $0.75 and also had a fakeout over the area too. Price also holding from the trendline and still maintaining the bearish market structure, so buys are not favorable and there's 50-50 chances, so you go with the lower risk and tight SL.

#BTC gave a healthy close over the $100,000 level and now, in a bit of small consolidation forming. This is good sign of healthy moving market and small retest might come after a fakeout near from $103,000 area.

#GOLD UPDATE :

#GOLD moved as per the drawn level but failed to tap into the support area, moved all the way up towards the resistance around $2656 - $2662 and rejected. Price also took support from the lower level and ended up being in a range. Nothing clear as of now, wait for a breakout either side of the zone.

🚨 Bitcoin Spot ETF Update - Jan 6 📊
Total net inflows: $987M

- Fidelity FBTC: $370M
- BlackRock IBIT: $209M

Strong institutional demand continues to drive Bitcoin's momentum! 🚀

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Here's the Analysis of #THE :

#THE started dropping from the flip area acting as resistance around $1.71 - $1.76 and broke the trendline too. The local support is at $1.17 and might have a bounce though it. Overall, momentum is bearish, so buys can be avoided and wait for support or shift in market structure.

#BTC failed to move a little bit and straight away dipped into the market. Yesterday news drive the market strongly and shifted the H4 to Bearish and might retest the $93,000 area again.

#FTM broke the support with a daily candle closure and might follow though it and reach out the next flip area around $0.52 - $0.54. short-selling can be done for a scalp and buy from support with Confirmation.

Why Utility Mining?

Traditional strategies of bootstrapping protocols, such as liquidity mining, are not working as intended. Protocols pay expensive fees to rent liquidity and receive little-to-no long-term benefits.

Utility mining rewards users with governance tokens and other incentives, such as higher yield, when targeted on-chain interactions are made by a user. For example, performing a specific action in the protocol (swapping a certain pair, transacting a certain amount, etc.). This method rewards usage and active involvement in the network, ensuring that every participant receives the same value. This leads to a more even distribution of tokens across users, which lowers the entrance barrier for governance and creates a fair playing field.

By using utility mining, a fairer mechanism for the distribution of tokens incentivizing proactive participation in the protocol and broader ecosystem can be established.