TIPS AND ABBREVIATIONS YOU NEED TO KNOW IN CRYPTO
These are some short terms we use in crypto
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DIP- Decrease In Price
PUMP - Increase in price
BULL- Bullish season (Pumps)
BEAR- Bearish season (Dumps)
DEFI- Decentralized Finance
DEX - Decentralized Exchange Pancakeswap, Poocoin, Uniswap, Sushswap, etc
CEX -Centralized Exchange e.g Binance, Bybit, Mexc etc
DW- Decentralized Wallets e.g Metamask, Trust wallet, Bitkeep wallet, Okx wallet etc
P2P -Peer to Peer
NFT- Non Fungible Token
ATH - All Time High
ATL - All Time Low
ALT- Altcoin e.g Ethereum, Binance, Tron etc
DAPP -Decentralized Application
DAO - Decentralized Organinzation
DYOR -Do Your Own Research
NFA - Not A Financial Advice
EVM- Ethereum Virtual Machine
EVM Address - Ethereum address (polygon, CORE, BNB)
FOMO - Fear Of Missing Out
FUD - Fear Of Uncertainty and Doubts
HODL - Hold On For Dear Life
MC - Market Cap
LP - Liquidity Pool
KYC- Know Your Customer
POS- Proof Of Stake
POW- Proof Of Work
ICO- Initial Cex Offering
IDO -Initial Dex Offering
IEO -Initial Exchange Offering
Whale A wealthy person in crypto that hold large amount of Coins
RUG PULL- A scam project or a project that later turns scam
Dev- Developer of a project ( dev nor be your papa)
AMA- Ask Me Anything
PRESALE- A sale before a token launch
AIRDROP - A reward for doing task.
TELEGRAM AIRDROP MINI APP- Apps inbuilt on telegram (Hot, Notcoin, Blum, Tapswap)
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