Avoid phishing in airdrops by verifying URLs, using hardware wallets, and never entering private keys on untrusted platforms.
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Tokenomics refers to the economic model behind a cryptocurrency, which includes factors like token supply, distribution mechanisms, inflation rates, and incentives for holders or users. It outlines how tokens are created, used, and transferred within a network. Understanding tokenomics is critical for investors because it influences a project's long-term sustainability, price stability, and growth potential. Good tokenomics ensures the token has a clear use case, aligns incentives, and creates a balanced supply-demand relationship, while poor tokenomics can lead to inflation, devaluation, or unsustainable growth.
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Market depth analysis shows the buy and sell orders at various price levels, providing insights into potential support and resistance levels. A large concentration of buy orders (buy walls) at a specific price can indicate strong support, suggesting the price may not drop below that point. Similarly, a large sell order (sell wall) at higher price levels creates resistance. If these walls get absorbed or removed, it can signal a breakout. Monitoring these levels allows traders to spot price movements as large orders are filled or shifted, helping identify key breakout points and making informed trading decisions.
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