Type paragraphs here. Type paragraphs here. Type paragraphs here. Type paragraphs here. Pips are the smallest unit of change in the price of a digital asset. This term is often used in trading to measure fluctuations in the value of a digital asset. One Pip is usually defined as the change in the last decimal point of the displayed price.

For example, if the price of Bitcoin moves from $20,000.00 to $20,000.01, then the change is considered one Pip. While Pips are more commonly used in forex trading, the concept is also relevant in crypto to help traders determine potential gains or losses and manage risk more effectively.

It is important for traders to understand the movement of Pips in their trading strategies, as this can influence decisions regarding entry and exit of positions as well as setting stop loss.