Web3 lingo could be confusing for newcomers. Whether you are an investor, a community leader, or a Web3 developer, you must stay on top to avoid being outperformed by others. Web3 is still evolving and people in Web3 must evolve with it for a seamless transition.
Crypto Twitter acronyms are just short forms popularly used by Web3 builders, experts, and influencers. It is important for anyone jumping on the bandwagon to get accustomed to these acronyms to communicate with others. Learning popular crypto acronyms also helps you understand complex crypto concepts better.
In this blog, we discuss some of the most commonly used crypto Twitter acronyms.
NGMI: NGMI stands for Not Going To Make It. NGMI is used to describe a bad decision. Investors or influencers use it when they make a bad trade or sell a fundamentally strong token at a very low price.
WAGMI: WAGMI means We All Gonna Make It. WAGMI is used to sell hope or persuade investors about a bullish future. Another alternative for WAGMI is GMI, which stands for Gonna Make It. For example, "I just bought $500 worth of $ADA. WAGMI."
YGMI: YGMI means You Are Going To Make It. It is an acronym that seasoned investors or influencers use to convince their audience that the future is bright for them.
DYOR: DYOR means Do Your Own Research. It is like a disclaimer that seasoned investors and influencers use at the end of every trade suggestion or advice. The purpose of this Twitter acronym is to make people responsible for the trades they enter.
HODL: HODL refers to holding on to a cryptocurrency for a long period of time. HODL's full form is Hold On for Dear Life. The acronym is mostly used for fundamentally strong cryptocurrencies that have a high growth potential.
FOMO: FOMO stands for Fear of Missing Out. Let us understand this with an example. Suppose you saw a post by a popular influencer where they attached a screenshot of a token whose price surged 30%-40% and has room for more growth. You might enter the trade due to FOMO and there are high chances the price comes.
ATH: ATH refers to All-Time High. It is the highest price point a cryptocurrency has touched to date.
FUD: FUD refers to Fear, Uncertainty, and Doubt. When influencers discuss FUD, it means something negative has happened in the market.
P2E: P2E stands for Play-2-Earn or Play-to-Earn. P2E games are crypto games that allow players to monetize their gaming experience.
DAO: DAO means Decentralized Autonomous Organization. DAO is a blockchain-based organization or body which has voting rights and decision-making powers.
Also read, Fact vs. Fiction: Debunking Common Twitter Automation Myths
Learning about popular crypto Twitter acronyms is important to navigate through the choppy crypto market and understand the complex concepts of Web3 faster. It is even more important if you seek to build a community and help others make wise decisions.
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