17 Common Cryptocurrency Terms You Should Know
These are generally any cryptocurrency other than Bitcoin
When a crypto asset falls to a downward slope in value
It is the price an individual is offering to buy cryptocurrency
It is a decentralized and distributed electronic ledger that records all transactions. It is transparent, immutable and secure
When you believe a crypto asset is going to experience an upward hike in value.
Also known as paper money is the currency declared as the legal tender by a country’s government.
It stands for “Fear Of Missing Out”. It is used to describe the feeling you need to get on the train when the price begins to rise.
Fear, Uncertainty and Doubt. An act of negativity without any cause, sometimes spread by individuals who want a cryptocurrency price to drop.
It is the fee required by the Ethereum network to process a transaction.
it describes the process of not selling cryptocurrency.
It is an asset ability to be sold or converted to cash without affecting its market price
The level at which an asset’s price fails to breakthrough due to intense selling pressure.
It is a computer program or transaction process intended to execute automatically, control, or document legally relevant actions according to the agreement’s terms.
A cryptocurrency with extremely low volatility
The level at which an asset’s price does not fall below due to intense buying pressure.
It is an identifier given to every transaction that is verified and added to the blockchain