As part of the new meme series I started, we are going to see the next trendy crypto memes and learn one crypto term today.
If you missed any part of this series, please check it out here.
We have seen a lot of volatility in the past week with some stable coins like Luna melting down and going bearish.
Binance, the world's largest cryptocurrency exchange, has halted the trading of Terraform Labs' Terra (Luna) and TerraUSD (UST) tokens on its platform following one of the industry's biggest meltdowns.
In the last week alone, bitcoin dropped about 25% which followed other cryptocurrencies. In my country (Uganda), the Bank of Uganda banned the purchase of cryptocurrencies with registered Financial Service Providers that it regulates. Apps like Yellow Card halted all transactions in this regard.
This introduces me to our crypto term of the day
It is a term borrowed from the forex trading world and it means when the sentiment on a coin is negative.
Being bearish in trading means you believe that a market, asset or financial instrument is going to experience a downward trajectory. Being bearish is the opposite of being bullish, which means that you think the market is heading upwards.
Note: I brought back this term because I wanted to elaborate more than what I did in the last article since it was part of the memes.
🌟 The Memes
🔹 Crypto Chart Obsession
When you are a legendary crypto trader and every time you see spikes or something related and you can't stop but visualise the real charts and sometimes you wish it gets to that trajectory you are imagining.
🔹 BTC Vs USD
When you have silver and come across gold on the street, you might drop the silver and pick the gold 😂.
🔹 Crypto Crash
This applies to all crypto because of its volatility and when you are a long-term
hodler, you get used to crypto crashes.
🔹 If you know, you know…..
hodlers can relate because Crypto can get you crazy gains over time and this is proven.
🔹 Hold - Hodl
When Angelina Jolie tells you to hold, you hold on to dear life! The end is still & most beautiful!
Once again, hope you learned something today from my little closet.
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