Goblin Town

By CoinGecko | Updated on Apr 11, 2022
A term used to describe the market's persistent downtrend, synonymous with "bear market". This is a reference to The Hobbit (1977)'s hit song, "Down Down to Goblin Town"

Share this with a friend!

Related Terms

YTD
Acronym for Year-to-date
Option
It is a financial instruments that refers to a contract offers the buyer the right to buy or sell an underlying assets at a specified price and time.
Bakkt
Bakkt is a company developed by the Intercontinental Exchange (ICE), owner of the New York Stock Exchange. It specializes in Futures/Options contracts for cryptocurrencies.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Open App
coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Open App