A Quick Overview on Crypto Basics - 2

Written by Sushanth Kumar Reddy Kura | Published 10 days ago | 3 min read

   


In my previous blog, I have covered the top crypto terms that everyone should be aware of. This is a continuation of that blog. Hope you all find it useful. I tried my best to explain these terms in the easiest way possible


1. Bullish

When an investor or trader believes that a certain token or coin will appreciate in value in the coming future. He/she is called a bull. This time frame of the mind is described as “Bullish”.


2. Bearish

When an investor or trader believes that a certain token or coin will depreciate in value in the coming future. He/she is called a bear. This time frame of the mind is described as “Bearish”.


3. Address

In any digital currency like Bitcoin, Ethereum, etc, the address is basically like your bank account number which is used to send/receive funds. It is basically a combination of letters and numbers.


4. Altcoin

Any coin other than the mother currency - Bitcoin is referred to as an Altcoin. There are more than 6000 altcoins currently that are listed on Coingecko. Some of the popular altcoins include Ethereum, Cardano, Polkadot, Uni, Link, Inj, etc


5. Escrow

It basically refers to a third party holding funds or financial resources on the behalf of other parties. Third-party holds funds in escrow when entities involved in the transaction have trust issues.


6. Circulating Market Cap

It is the total market capitalization of the coins/tokens in circulation. It can be obtained by multiplying the number of tokens in the circulating supply and the token/coin price. 


7. Total Market Cap

It is the total market capitalization of the coins/tokens that will ever exist. It can be obtained by multiplying the number of tokens in the total supply and token/coin price. 


8. Moon/Mooning

A digital currency is said to be mooning when it sharply rises in value. For example, you may have heard people telling “Bitcoin to the moon” while it is pumping.


9. Whale

The term whale refers to a person holding a large proportion of a token or a coin. Whales buying or selling coin/token usually have a major impact on the token/coin’s market price.


10. White Paper

The developers who designed a coin or token usually write or make others write the white paper. The white paper is a document that basically gives information on what exactly a particular project is working on, what is its underlying technology, what is the utility of its token/coin, what are their goals etc


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