There have been recent developments in WLFI governance proposals. The community voted to approve a plan to use treasury funds to incentivize ecosystem development related to USD1. Once this news was announced, the price of the coin rose accordingly, currently up about 6 points.
Speaking of WLFI, this coin has been performing quite closely with the market lately. As long as mainstream coins like Bitcoin and Ethereum move upward, it can mostly benefit as well. From a news perspective, frequent governance proposals and incentive plans indeed provide traders with more operational space.
However, before going long, it's still important to watch the performance of mainstream coins. As long as mainstream coins don't undergo drastic adjustments, WLFI's participation should be smooth. If mainstream coins experience a major drop, no matter how many positive news there are, they won't be able to withstand that pressure.
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GasFeeTears
· 12h ago
Six points are not enough to watch; we need to wait for the main cryptocurrencies to give a signal. Can we stop relying solely on positive news to support it?
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GasWhisperer
· 01-04 15:52
ngl the governance theater is cute but we all know btc's mempool gonna dictate this pump or dump anyway... watching gwei patterns rn more than wlfi charts tbh
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ForkThisDAO
· 01-04 15:51
Six points are indeed okay, it just depends on whether it can hold up later. Mainly, it still depends on Bitcoin's mood.
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CrashHotline
· 01-04 15:40
Six points don't mean much; the key still depends on Bitcoin's mood.
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GasWrangler
· 01-04 15:34
honestly the treasury allocation mechanism here is sub-optimal... if you actually analyze the tokenomics data, this 6pt pump is just noise riding btc's coattails. technically speaking, any governance incentive without base layer optimization is demonstrably inefficient. but sure, pile in if you want to chase price action instead of actual utility metrics
There have been recent developments in WLFI governance proposals. The community voted to approve a plan to use treasury funds to incentivize ecosystem development related to USD1. Once this news was announced, the price of the coin rose accordingly, currently up about 6 points.
Speaking of WLFI, this coin has been performing quite closely with the market lately. As long as mainstream coins like Bitcoin and Ethereum move upward, it can mostly benefit as well. From a news perspective, frequent governance proposals and incentive plans indeed provide traders with more operational space.
However, before going long, it's still important to watch the performance of mainstream coins. As long as mainstream coins don't undergo drastic adjustments, WLFI's participation should be smooth. If mainstream coins experience a major drop, no matter how many positive news there are, they won't be able to withstand that pressure.