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

Variable Buy/Sell Tax

On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.

Exchange Traded Fund (ETF)

An exchange-traded fund (ETF) is a form of security that tracks a collection of securites such as stocks, bonds, index or cryptocurrency but tradeable like a single stock.

Zero Confirmation Transaction

Another name for "unconfirmed transaction"

Internet of Things (IoT)

It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions.

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