Non-Fungible Tokens (NFT)
By CoinGecko | Updated on May 28, 2020
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value. They represent something unique and therefore does not have the mutual interchangeable value. In other words, no non-fungible token is the same. The most popular is CryptoKitties, but there are many others.
Related Terms
Relative Strength Index (RSI)
Relative Strength Index (RSI) is a popular technical indicator used to analyse financial markets. By charting the current and historical closing prices to evaluate overbought/oversold conditions, RSI oscillates between 0 - 100, with <30 indicating oversold and >70 indicating overbought.
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
All-Time-Low (ATL)
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.