TIPS ON WORD ABBREVIATION 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
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
AMA: Ask Me Anything
PRESALE: A sale before a token launch
AIRDROP: A reward for doing task.