Airdrops can help projects gain initial exposure, but the real value depends on the project’s fundamentals. Airdropped tokens tied to strong, long-term projects tend to hold value, while speculative or low-utility tokens may see a sharp drop in price post-launch.
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DAOs are organizations governed by smart contracts, where decisions are made by token holders through a voting mechanism, rather than a centralized authority. They offer a more democratic and transparent way to govern cryptocurrency projects, ensuring that all participants have a say in important decisions like protocol upgrades, fund allocation, and project direction. DAOs help align the interests of the community with the project's success, as participants are incentivized to make decisions that increase the value of their tokens. However, the decentralized nature can lead to slow decision-making processes, and governance power may become concentrated in the hands of a few large token holders, potentially undermining the democratic ideals of a DAO.
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Large buy orders at key support levels suggest strong demand, which can lead to price stabilization or a potential rise. Similarly, large sell orders near resistance levels act as barriers, preventing upward movement. If these orders get absorbed or moved, it signals a potential breakout or breakdown. Monitoring the order book helps traders spot price points where large transactions may occur, offering clues on where the price might face upward or downward pressure, allowing for more informed trade decisions.
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