Crypto Moon: When Prices Skyrocket
Moon is a situation where there is a continuous upward movement in the price of a cryptocurrency.
What is Moon?
If you ever stumble across cryptocurrency Twitter, “moon” is one of the most common terms you’ll come across among bullish enthusiasts – usually accompanied by a rocket emoji. Since the early days of Bitcoin, the moon has played an important role in conveying the sentiment people have about cryptocurrencies.
Unusually, in this case ‘moon’ can also be used as a verb. Thus, it is quite plausible that someone might say that his favorite altcoin “moonshot”. As with other cryptocurrency terms, it can be difficult to determine the exact origin of a word. (Nevertheless, we do know that the world of “HODL” originated from a rather amusing typo in a Bitcoin forum in 2013.)
It’s quite possible that “moon” began to become a common phrase around 2017, when Bitcoin first passed the $20,000 mark, a huge milestone in the cryptocurrency’s long and rich history. Another common word used similarly is “Lambo.” Not surprisingly, it refers to Lamborghinis – and the phrase “when Lambo” is used to ask others when they think crypto investments will grow in value enough to buy a supercar.
