The digital world is transforming in ways we never imagined, and Non-Fungible Tokens (NFTs) are leading the way. Thanks to blockchain technology and NFTs, social media platforms are beginning to experience a new level of engagement. From customizable avatars to augmented reality items, NFTs are giving big tech companies new ideas. This article will explore the potential benefits of using NFTs for social media platforms and the sector’s best practices. In this context, Instagram's experiment with NFTs represents a peculiar…
Resistance Level
What is Resistance Level in Crypto Trading?
A resistance level in crypto trading is a price point at which the demand for an asset is thought to be strong enough to prevent the price from rising above it. Traders can use this level as a potential target for selling their assets. For example, suppose the current price of Bitcoin is $30,000, and a trader believes that the resistance level for Bitcoin is around $40,000. The trader may sell their Bitcoin when the price reaches $40,000, assuming it…
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