Today we’re discussing Crypto Slangs which are mostly used in Crypto Twitter-2. which is the most trending term on Crypto Twitter. This is part 2 click on this to read part-1
1, REKT
This is a popular misspelling of the word “ruin”. Rect is used when an investor’s investment is defeated or lost. However the term is used In gaming, it’s also useful in crypto because it makes sense It’s the same thing in different contexts. This Crypto slang means that a Decline in crypto holdings, especially when they were bought at a high price.
2, Pump and Dump
Basically, pump and dump are related to when Market price inflation by investors and then Selling their holdings quickly before the price drops again It is market manipulation where they pump Raise the price, and then dump it. However, regulation Authorities consider this a scam, cryptocurrency Those with a lower market cap are more likely to decline A victim of this type of scheme.
3, Whale
In cryptocurrency, whoever has the most holdings is known as a whale. In the case of Bitcoin, Any person or company that has 1000 Bitcoins or more in their account. Unlike most investors in Bitcoin cryptocurrencies, whales can move the market whales when they trade. An analysis in 2021 showed that the top 100 Bitcoin accounts controlled more than 20% of all Bitcoins. within the platform.
4, Bagholders
A bagholder is someone who has acquired crypto assets They were in an elevated position, just for them A drastic drop in value. Bagholders are those who hold a large amount of coin in them Even when a crypto wallet doesn’t have value, it can So that they can see the long-term potential asset, or they are simply chasing the wind for digital Assets that have declined.
5, Mooning
Mooning is relevant when it comes to crypto prices The currency experiences a large increase in price and volume. It simply means going to the moon.” Represent a sharp turn up and to the right Crypto Charts. As one of the top crypto slangs, mooning is one that you can easily remember because of the representation
The cryptocurrency market is attracting loads of investors since its inception. He has made a revolution in The way people are doing the entire transactions Globe and offered new options for financial discovery As a result, novel terminologies have increased to account For various activities going on in space. This is who created these crypto slangs and their creation meanings.
