Open/Close
By CoinGecko | Updated on Mar 03, 2020
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day. In general, these terms were more useful in traditional financial markets as there are fixed hours of the day in which trading occurs.
Related Terms
Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Soft Cap
Targeted fund raising limit of an ICO
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
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