Shitcoin
By CoinGecko | Updated on Mar 03, 2020
A term used to describe coins that have no actual usage or value. Also used as an insult at times to put down certain cryptocurrencies.
Related Terms
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Dusting Attack
A new form of malicious activity in which hackers and scammers attempt to undermine the privacy of cryptocurrency users by sending little amounts of money to their wallets.
Open/Close
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.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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