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Crypto Trading Terminology for Beginners

To new investors, cryptocurrency trading is perplexing. While the professionals may disagree, when asked about their first day at work, most will have second thoughts. Don’t worry. Crypto investing is not rocket science. We are going to make it simple. Consider these quick terms to help you accelerate your crypto trading journey. Let’s get started! More blockchain terms can be found here. A Arbitrage Crypto arbitrage trading is a financial strategy that involves buying and selling cryptocurrencies and profiting from any price differences between the exchanges where the cryptocurrencies are traded. All-time high (ATH)/ All-time low (ATL) This is the highest or lowest price that has ever been paid for a specific asset. Ask price what buyers are willing to pay for an asset. Average Directional Index (ADX) Regardless of the trend's direction, the ADX is used to gauge its strength. Accumulation/ Distribution Line The accumulation/distribution (A/D) line examines where the price is closed within the period's range and multiplies that figure by volume to determine the supply and demand of an asset or security. Since the A/D indicator is cumulative, its value is added to or deducted from the previous period's value. B Bid Price The bid price is the price at which people are attempting to sell an asset. Bull 9564d25b-cb05-4efb-b075-35332e25abb4 A bull market is defined as a period in which market prices are generally trending upward and public perception is positive. Bear market A bear market is the inverse of a bull market, with negative expectations as market prices appear to be falling. Buy order / Sell order Buy orders, also known as bids, are created when a person wishes to purchase an asset at a specific price. When someone wants to sell an asset at a specific price, they place a sell order, also known as an ask. Buy The Fucking Dip (BTFD) The volatility of cryptocurrencies is their biggest drawback. Their value fluctuates frequently, causing them to routinely dance between highs and lows. BTFD, or Buy The Fucking Dip, is a risky strategy for the unwary crypto investor. It's all about buying whenever the cryptocurrency falls. The sole goal is to maximize the crypto amount for a given sum in the hope of making large profits in the future. BUIDL Like "HODL," BUIDL is a technical term. It alludes to a cryptocurrency investing approach whereby investors are required to actively develop and add to the current system to raise its status. Though BUIDL is not as well-known as HODL, it is nonetheless frequently employed by different groups within the crypto world. C Copy Trading Copy trading describes the practice of investors taking positions in the futures market that are identical to those of other investors (often regarded as professional traders or experts). Crypto Portfolio A trader or investor's collection of cryptocurrencies is known as a crypto portfolio. Altcoins and crypto-financial products are frequently included in portfolios together with a variety of other assets. Candlestick Chart A candlestick chart is a collection of multiple candles used by traders to forecast price movement in any market. Centralized crypto exchange Centralized refers to a crypto exchange that was built and is run by a business. These exchanges are seen as centralized since a single organization controls all transactions, and establishes the exchange's guidelines, and fees. For example, Bitget Exchange. Correlation A statistical measure called correlation is used to show the direction and intensity of a relationship between two sets of data. These two sets of figures are often the prices of two assets, such as stocks, commodities, currencies, market indexes, or cryptocurrencies, in the context of finance. Coin-Margined Futures A kind of derivative known as COIN-Margined Contracts derives its value from the underlying cryptocurrency it represents. These financial instruments provide another opportunity to experience cryptocurrencies without really owning any of them. D Do Your Own Research (DYOR) Do Your Own Research. This is frequently used as a warning to other investors by cryptocurrency influencers, reminding us that there is no better substitute for due diligence than our own research. It is important to remember that cryptocurrency influencers and media outlets may have different motivations and objectives. Day Trading Day trading in securities is the practice of buying and selling financial instruments on the same trading day. Dollar-Cost Averaging (DCA) Regardless of price, dollar-cost averaging is investing the same sum of money in a target security at regular intervals over a predetermined length of time. Investors can lower their average cost per share and lessen the effect of volatility on their portfolios by employing dollar-cost averaging. E ERC-20 ERC-20 is the most widely used crypto-token standard, and it is used on the Ethereum network. It makes it simple for developers to create digital currencies that are immediately compatible with existing infrastructure. ERC-721 This is the Ethereum network's non-fungible token (NFT) standard. It enables the creation of one-of-a-kind, non-counterfeitable tokens. It can be used to tokenize real-world unique items or to create digital collectibles and gaming items. Ethereum Virtual Machine (EVM) A worldwide blockchain-based computer is essentially what the Ethereum Virtual Machine, or EVM, is. It gives programmers a runtime environment in which to build decentralized, trustless apps for the Ethereum network. F Fiat Fiat money is money that exists within the traditional financial ecosystem. The euro and the US dollar are examples of fiat currencies. Working with fiat currencies in the blockchain landscape typically necessitates entrusting your funds to a centralized central entity. Fear of Missing Out (FOMO) The fear of missing out, FOMO is a form of social anxiety caused by the perception that others are having fun or reaping the benefits of an event while the person experiencing FOMO is not. In the crypto market, it usually refers to watching non-owned tokens experience explosive price increases. FUD Fear, uncertainty, and doubt—usually refer to information that is likely to lead to a pessimistic view of the market. Fundamental analysis (FA) A method of determining the worth of an asset and forecasting its future performance. In the context of crypto projects, it considers factors such as a product's technological and innovative value, the team behind it, or the token distribution model and its use cases. Futures Trading Futures trading is a method of speculating on the value of assets such as cryptocurrencies without actually owning them. Cryptocurrency futures, like commodity or stock futures, allow traders to speculate on the future value of a digital currency. G Grid Trading Grid trading is the process of placing orders above and below a predetermined price, resulting in a grid of orders with incrementally increasing and decreasing prices. The foreign exchange market is most commonly associated with grid trading. H High/Low In the context of a 24-hour trading cycle, high refers to the highest price reached by Bitcoin or any other asset in a 24-hour period. Meanwhile, low refers to the lowest price attained by a specific asset during the 24-hour trading cycle. Halving The block reward for Bitcoin mining is reduced by 50% at each halving occasion. A halving occurs after 210,000 blocks have been mined since the previous one, which occurs roughly every 4 years. The Bitcoin network began with a 50 BTC block reward and is now at a level of 6.25 BTC per block after three halvings. HODL HODL refers to the act of not selling your cryptos, which is frequently counter to the current market trend. By HODL, the user attempted to distinguish between the weak hands, who sell at the first signs of a slide, and the smart hands, who can price the market accurately. In the middle is a regular trader who only HODLs. I Impermanent Loss An opportunity cost is a better way to define an impermanent loss. Impermanent loss happens when you provide liquidity to a certain pool and the value of your assets in the pool changes. K K-line A K-line depicts the daily variation in stock prices; in addition to displaying the close price, open price, high price, and low price for the day, it also highlights the size of any price differences. KDJ indicator A technical indicator called the KDJ indicator is used to evaluate and forecast changes in stock trends and price patterns in a traded asset. The random index is another name for the KDJ indicator. It is a very useful technical indicator that is frequently applied to short-term stock/crypto market trend analysis. L Linear Display The line ar price scale, also known as arithmetic, represents price on the y-axis by using equidistant spacing between the designated prices. Ledger A ledger is a transactional database. The ledger in the context of cryptocurrencies is the transaction history of a specific cryptocurrency as stored on the blockchain. Liquidity There are two types of liquidity. It is most commonly used to describe the ability of a cryptocurrency to be freely purchased and sold. It can refer to the number of cryptocurrencies available for trading on a decentralized exchange's liquidity pool. Limit order It is an exchange order to buy or sell an asset at a specific price or better. A buy order will execute at the target price or lower. A sell order will execute at the target price or higher. M Margin trading It is a trading strategy that involves the use of borrowed funds. When compared to traditional trading, it allows traders to leverage their positions and maximize their profits while also exposing them to higher risks. Margin mode: Isolated Margin vs. Cross Margin Cross Margin: When two open positions using the same settlement cryptocurrency are involved, the margin is shared. To avoid liquidation, a position may, when necessary, draw more margin from the total account balance of the relevant cryptocurrency. Isolated Margin: A position's allotted margin is limited to a certain amount. Market cap Market Capitalization. The total value of an asset and its market is represented by the asset's price multiplied by its circulating supply. It is frequently used to assess the success of a project. Mining pool A mining pool is a collection of miners who have pooled their computing or hashing power. Because miners in proof-of-work blockchains compete to be the first to create new valid blocks, pooling can assist these participants in increasing or balancing their mining profits. Moving Averages (MA) An indicator that is widely employed in technical analysis is the moving average (MA). It creates a continuously updated average price to assist smooth out pricing data. A currency is in an uptrend if its moving average is increasing, whereas a downtrend is indicated by a dropping moving average. MVRV Z-Score The MVRV Z-Score for bitcoin is based on two values: its market value (price divided by the total quantity of bitcoin) and its realized value (what each coin was last sold for). The Z-score methodology can help you determine when it is a good time to purchase or sell bitcoin depending on whether it is trading above or below its price. N Network fees To ensure that your transaction is processed on the Bitcoin or Ethereum network, you must pay a network fee. The fee is used as an incentive to reward network participants, such as miners and validators, for processing transactions and assisting in the network's security. Network Value to Transaction Ratio (NVT Ratio) The NVT (Network Value to Transaction) indicator shows how the volume of transfers and market capitalisation relate to one another. The price-to-earnings (PE) ratio of cryptocurrencies is a common name for it. P Paper wallet A paper wallet is a cryptocurrency wallet that is physically stored on paper. The goal of these wallets is to minimize private key exposure. This is a type of "cold storage," in which private keys are not accessible to any internet-connected device that could be hacked or attacked. Paper wallets are widely regarded as an unsafe way to store your cryptocurrency today because they require the use of a centralized website and GUI (graphical user interface)—which are just as insecure and vulnerable to attack as any other centralized service. R Return on Investment (ROI) Return on investment (ROI) is a monetary metric used to evaluate the effectiveness of asset investment. It serves as a gauge of how much more valuable your investment has become over time. Relative Strength Index (RSI) Relative strength index (RSI) is a momentum indicator that shows when an asset or cryptocurrency is overbought or oversold. In a nutshell, RSI is an oscillator that determines the high and low bands between two opposing values while also calculating the amount and pace of price variations. S Spot Trading Spot trading involves purchasing and selling cryptocurrencies at current market rates in an effort to turn a profit. Stake Locking up cryptocurrency holdings to collect rewards or interest is a technique known as crypto staking. Shorting Selling a cryptocurrency with the intention of later buying it back at a cheaper price is known as cryptocurrency shorting. Social trading A form of investment known as "crypto social trading" enables investors to copy the trading methods of more seasoned cryptocurrency traders. Support and resistance Support and resistance are price points (areas in graphs) on trading charts that see a lot of buying and selling activity. A level at which an asset's price stops dropping is referred to as support. Whereas resistance is the point at which the price of an asset ceases to rise. T Tokenomics The economics of a token is referred to as tokenomics. It outlines the elements, such as token production and distribution, supply and demand, incentive systems, and token burn schedules, that affect a token's use and value. Technical analysis (TA) Technical analysis is the process of analyzing price charts and using various market indicators to determine the market's state. This is a complex subject for expert traders who want to use technical analysis to their advantage when predicting future market movements. Testnet Smart contract platforms such as Ethereum and Binance Smart Chain provide developers with a testing environment, known as a testnet, in which they can deploy and test smart contracts. These testing environments typically operate in the same manner as the main network, but the cryptocurrencies used are worthless and can be obtained for free from a testnet faucet. Token Tokens are typically used to describe tokens that have been issued by deploying a smart contract to the Ethereum blockchain, as opposed to coins. Thousands of tokens exist today, and many of the top 100 cryptocurrencies by market cap are Ethereum tokens. TradingView TradingView is a social network and multi-platform charting service for traders and investors. It allows users to monitor the price charts of hundreds of different assets, including cryptocurrencies, as well as share and discuss their market ideas. U Unspent transaction output (UTXO) In cryptocurrency networks, wallet balances are not stored as variables, such as a balance of 100 BTC. Instead, they are derived from several UTXOs, which are essentially units of unspent cryptocurrency left over from the sum of all transactions performed on the wallet. The total of an address's UTXOs equals the wallet's available balance. Unit price A crypto unit price is the price per each cryptocurrency. USDT-Margined / USDC-Margined Futures One type of digital asset derivative is the USDT/USDC-margined contract. Depending on their own opinion, users can profit from the growing or declining value of digital assets by taking long or short positions. Denominated in USDT, Bitge t USDT-margined contract includes USDT-margined and USDC-margined futures. V Validators Validators are blockchain network participants who verify incoming transactions. Validators, who are used in proof-of-stake platforms instead of miners, help to maintain the integrity and security of a blockchain while receiving rewards for their efforts. The network selects validators to validate new blocks based on the amount of cryptocurrency they have staked in the network. Volatility Volatility, the inverse of stability, refers to an asset's proclivity to fluctuate in price. Bitcoin and other cryptocurrencies are notoriously volatile, as is to be expected in such a young market, and this can be the primary drawback for crypto traders. W Wallet Cryptocurrency owners use wallets as tools to manage their private keys and as a transactional interface. Wallets can be custodial or non-custodial today, and they are available as hardware and software. Here, the essential point is whether or not the user still has complete control over their private key. Whale A "whale" is a colloquial term for major players in the cryptocurrency markets, ranging from institutional investors to hedge funds or wealthy individuals. Y Yield Farming Yield farming is the practice of lending or staking cryptocurrencies in exchange for benefits like interest. In order to calculate their returns, yield farmers use annual percentage yields (APY). Z Zero Confirmation A confirmed transaction that has not yet been recorded on a blockchain. 24-hour volume The quantity of coins that have changed hands within a specified period, often 24 hours, is the trade volume of a cryptocurrency. In other words, the value of all purchases and sells completed in a single day is reflected in a cryptocurrency's 24-hour trading volume. This was our humble attempt to explain some of the most frequently used crypto terms for beginners. Still, there is far too much to cover in a single article. However, we hope that these first few terms are sufficient to get you started on your crypto journey. Follow Bitget Academy for more crypto- trading insights: Twitter | Telegram | LinkedIn | Youtube | Facebook | Instagram

Trading101: Top10 Trading Terms That Every Crypto Trader Should Know

Crypto Trading Terminology for BeginnersTo new investors, cryptocurrency trading is perplexing. While the professionals may disagree, when asked about their first day at work, most will have second thoughts. Don’t worry. Crypto investing is not rocket science. We are going to make it simple. Consider these quick terms to help you accelerate your crypto trading journey. Let’s get started! More blockchain terms can be found here. A Arbitrage Crypto arbitrage trading is a financial strategy that involves buying and selling cryptocurrencies and profiting from any price differences between the exchanges where the cryptocurrencies are traded. All-time high (ATH)/ All-time low (ATL) This is the highest or lowest price that has ever been paid for a specific asset. Ask price what buyers are willing to pay for an asset. Average Directional Index (ADX) Regardless of the trend's direction, the ADX is used to gauge its strength. Accumulation/ Distribution Line The accumulation/distribution (A/D) line examines where the price is closed within the period's range and multiplies that figure by volume to determine the supply and demand of an asset or security. Since the A/D indicator is cumulative, its value is added to or deducted from the previous period's value. B Bid Price The bid price is the price at which people are attempting to sell an asset. Bull 1ee218f4-07bd-4d2c-8ee2-56354038505b A bull market is defined as a period in which market prices are generally trending upward and public perception is positive. Bear market A bear market is the inverse of a bull market, with negative expectations as market prices appear to be falling. Buy order / Sell order Buy orders, also known as bids, are created when a person wishes to purchase an asset at a specific price. When someone wants to sell an asset at a specific price, they place a sell order, also known as an ask. Buy The Fucking Dip (BTFD) The volatility of cryptocurrencies is their biggest drawback. Their value fluctuates frequently, causing them to routinely dance between highs and lows. BTFD, or Buy The Fucking Dip, is a risky strategy for the unwary crypto investor. It's all about buying whenever the cryptocurrency falls. The sole goal is to maximize the crypto amount for a given sum in the hope of making large profits in the future. BUIDL Like "HODL," BUIDL is a technical term. It alludes to a cryptocurrency investing approach whereby investors are required to actively develop and add to the current system to raise its status. Though BUIDL is not as well-known as HODL, it is nonetheless frequently employed by different groups within the crypto world. C Copy Trading Copy trading describes the practice of investors taking positions in the futures market that are identical to those of other investors (often regarded as professional traders or experts). Crypto Portfolio A trader or investor's collection of cryptocurrencies is known as a crypto portfolio. Altcoins and crypto-financial products are frequently included in portfolios together with a variety of other assets. Candlestick Chart A candlestick chart is a collection of multiple candles used by traders to forecast price movement in any market. Centralized crypto exchange Centralized refers to a crypto exchange that was built and is run by a business. These exchanges are seen as centralized since a single organization controls all transactions, and establishes the exchange's guidelines, and fees. For example, Bitget Exchange. Correlation A statistical measure called correlation is used to show the direction and intensity of a relationship between two sets of data. These two sets of figures are often the prices of two assets, such as stocks, commodities, currencies, market indexes, or cryptocurrencies, in the context of finance. Coin-Margined Futures A kind of derivative known as COIN-Margined Contracts derives its value from the underlying cryptocurrency it represents. These financial instruments provide another opportunity to experience cryptocurrencies without really owning any of them. D Do Your Own Research (DYOR) Do Your Own Research. This is frequently used as a warning to other investors by cryptocurrency influencers, reminding us that there is no better substitute for due diligence than our own research. It is important to remember that cryptocurrency influencers and media outlets may have different motivations and objectives. Day Trading Day trading in securities is the practice of buying and selling financial instruments on the same trading day. Dollar-Cost Averaging (DCA) Regardless of price, dollar-cost averaging is investing the same sum of money in a target security at regular intervals over a predetermined length of time. Investors can lower their average cost per share and lessen the effect of volatility on their portfolios by employing dollar-cost averaging. E ERC-20 ERC-20 is the most widely used crypto-token standard, and it is used on the Ethereum network. It makes it simple for developers to create digital currencies that are immediately compatible with existing infrastructure. ERC-721 This is the Ethereum network's non-fungible token (NFT) standard. It enables the creation of one-of-a-kind, non-counterfeitable tokens. It can be used to tokenize real-world unique items or to create digital collectibles and gaming items. Ethereum Virtual Machine (EVM) A worldwide blockchain-based computer is essentially what the Ethereum Virtual Machine, or EVM, is. It gives programmers a runtime environment in which to build decentralized, trustless apps for the Ethereum network. F Fiat Fiat money is money that exists within the traditional financial ecosystem. The euro and the US dollar are examples of fiat currencies. Working with fiat currencies in the blockchain landscape typically necessitates entrusting your funds to a centralized central entity. Fear of Missing Out (FOMO) The fear of missing out, FOMO is a form of social anxiety caused by the perception that others are having fun or reaping the benefits of an event while the person experiencing FOMO is not. In the crypto market, it usually refers to watching non-owned tokens experience explosive price increases. FUD Fear, uncertainty, and doubt—usually refer to information that is likely to lead to a pessimistic view of the market. Fundamental analysis (FA) A method of determining the worth of an asset and forecasting its future performance. In the context of crypto projects, it considers factors such as a product's technological and innovative value, the team behind it, or the token distribution model and its use cases. Futures Trading Futures trading is a method of speculating on the value of assets such as cryptocurrencies without actually owning them. Cryptocurrency futures, like commodity or stock futures, allow traders to speculate on the future value of a digital currency. G Grid Trading Grid trading is the process of placing orders above and below a predetermined price, resulting in a grid of orders with incrementally increasing and decreasing prices. The foreign exchange market is most commonly associated with grid trading. H High/Low In the context of a 24-hour trading cycle, high refers to the highest price reached by Bitcoin or any other asset in a 24-hour period. Meanwhile, low refers to the lowest price attained by a specific asset during the 24-hour trading cycle. Halving The block reward for Bitcoin mining is reduced by 50% at each halving occasion. A halving occurs after 210,000 blocks have been mined since the previous one, which occurs roughly every 4 years. The Bitcoin network began with a 50 BTC block reward and is now at a level of 6.25 BTC per block after three halvings. HODL HODL refers to the act of not selling your cryptos, which is frequently counter to the current market trend. By HODL, the user attempted to distinguish between the weak hands, who sell at the first signs of a slide, and the smart hands, who can price the market accurately. In the middle is a regular trader who only HODLs. I Impermanent Loss An opportunity cost is a better way to define an impermanent loss. Impermanent loss happens when you provide liquidity to a certain pool and the value of your assets in the pool changes. K K-line A K-line depicts the daily variation in stock prices; in addition to displaying the close price, open price, high price, and low price for the day, it also highlights the size of any price differences. KDJ indicator A technical indicator called the KDJ indicator is used to evaluate and forecast changes in stock trends and price patterns in a traded asset. The random index is another name for the KDJ indicator. It is a very useful technical indicator that is frequently applied to short-term stock/crypto market trend analysis. L Linear Display The line ar price scale, also known as arithmetic, represents price on the y-axis by using equidistant spacing between the designated prices. Ledger A ledger is a transactional database. The ledger in the context of cryptocurrencies is the transaction history of a specific cryptocurrency as stored on the blockchain. Liquidity There are two types of liquidity. It is most commonly used to describe the ability of a cryptocurrency to be freely purchased and sold. It can refer to the number of cryptocurrencies available for trading on a decentralized exchange's liquidity pool. Limit order It is an exchange order to buy or sell an asset at a specific price or better. A buy order will execute at the target price or lower. A sell order will execute at the target price or higher. M Margin trading It is a trading strategy that involves the use of borrowed funds. When compared to traditional trading, it allows traders to leverage their positions and maximize their profits while also exposing them to higher risks. Margin mode: Isolated Margin vs. Cross Margin Cross Margin: When two open positions using the same settlement cryptocurrency are involved, the margin is shared. To avoid liquidation, a position may, when necessary, draw more margin from the total account balance of the relevant cryptocurrency. Isolated Margin: A position's allotted margin is limited to a certain amount. Market cap Market Capitalization. The total value of an asset and its market is represented by the asset's price multiplied by its circulating supply. It is frequently used to assess the success of a project. Mining pool A mining pool is a collection of miners who have pooled their computing or hashing power. Because miners in proof-of-work blockchains compete to be the first to create new valid blocks, pooling can assist these participants in increasing or balancing their mining profits. Moving Averages (MA) An indicator that is widely employed in technical analysis is the moving average (MA). It creates a continuously updated average price to assist smooth out pricing data. A currency is in an uptrend if its moving average is increasing, whereas a downtrend is indicated by a dropping moving average. MVRV Z-Score The MVRV Z-Score for bitcoin is based on two values: its market value (price divided by the total quantity of bitcoin) and its realized value (what each coin was last sold for). The Z-score methodology can help you determine when it is a good time to purchase or sell bitcoin depending on whether it is trading above or below its price. N Network fees To ensure that your transaction is processed on the Bitcoin or Ethereum network, you must pay a network fee. The fee is used as an incentive to reward network participants, such as miners and validators, for processing transactions and assisting in the network's security. Network Value to Transaction Ratio (NVT Ratio) The NVT (Network Value to Transaction) indicator shows how the volume of transfers and market capitalisation relate to one another. The price-to-earnings (PE) ratio of cryptocurrencies is a common name for it. P Paper wallet A paper wallet is a cryptocurrency wallet that is physically stored on paper. The goal of these wallets is to minimize private key exposure. This is a type of "cold storage," in which private keys are not accessible to any internet-connected device that could be hacked or attacked. Paper wallets are widely regarded as an unsafe way to store your cryptocurrency today because they require the use of a centralized website and GUI (graphical user interface)—which are just as insecure and vulnerable to attack as any other centralized service. R Return on Investment (ROI) Return on investment (ROI) is a monetary metric used to evaluate the effectiveness of asset investment. It serves as a gauge of how much more valuable your investment has become over time. Relative Strength Index (RSI) Relative strength index (RSI) is a momentum indicator that shows when an asset or cryptocurrency is overbought or oversold. In a nutshell, RSI is an oscillator that determines the high and low bands between two opposing values while also calculating the amount and pace of price variations. S Spot Trading Spot trading involves purchasing and selling cryptocurrencies at current market rates in an effort to turn a profit. Stake Locking up cryptocurrency holdings to collect rewards or interest is a technique known as crypto staking. Shorting Selling a cryptocurrency with the intention of later buying it back at a cheaper price is known as cryptocurrency shorting. Social trading A form of investment known as "crypto social trading" enables investors to copy the trading methods of more seasoned cryptocurrency traders. Support and resistance Support and resistance are price points (areas in graphs) on trading charts that see a lot of buying and selling activity. A level at which an asset's price stops dropping is referred to as support. Whereas resistance is the point at which the price of an asset ceases to rise. T Tokenomics The economics of a token is referred to as tokenomics. It outlines the elements, such as token production and distribution, supply and demand, incentive systems, and token burn schedules, that affect a token's use and value. Technical analysis (TA) Technical analysis is the process of analyzing price charts and using various market indicators to determine the market's state. This is a complex subject for expert traders who want to use technical analysis to their advantage when predicting future market movements. Testnet Smart contract platforms such as Ethereum and Binance Smart Chain provide developers with a testing environment, known as a testnet, in which they can deploy and test smart contracts. These testing environments typically operate in the same manner as the main network, but the cryptocurrencies used are worthless and can be obtained for free from a testnet faucet. Token Tokens are typically used to describe tokens that have been issued by deploying a smart contract to the Ethereum blockchain, as opposed to coins. Thousands of tokens exist today, and many of the top 100 cryptocurrencies by market cap are Ethereum tokens. TradingView TradingView is a social network and multi-platform charting service for traders and investors. It allows users to monitor the price charts of hundreds of different assets, including cryptocurrencies, as well as share and discuss their market ideas. U Unspent transaction output (UTXO) In cryptocurrency networks, wallet balances are not stored as variables, such as a balance of 100 BTC. Instead, they are derived from several UTXOs, which are essentially units of unspent cryptocurrency left over from the sum of all transactions performed on the wallet. The total of an address's UTXOs equals the wallet's available balance. Unit price A crypto unit price is the price per each cryptocurrency. USDT-Margined / USDC-Margined Futures One type of digital asset derivative is the USDT/USDC-margined contract. Depending on their own opinion, users can profit from the growing or declining value of digital assets by taking long or short positions. Denominated in USDT, Bitge t USDT-margined contract includes USDT-margined and USDC-margined futures. V Validators Validators are blockchain network participants who verify incoming transactions. Validators, who are used in proof-of-stake platforms instead of miners, help to maintain the integrity and security of a blockchain while receiving rewards for their efforts. The network selects validators to validate new blocks based on the amount of cryptocurrency they have staked in the network. Volatility Volatility, the inverse of stability, refers to an asset's proclivity to fluctuate in price. Bitcoin and other cryptocurrencies are notoriously volatile, as is to be expected in such a young market, and this can be the primary drawback for crypto traders. W Wallet Cryptocurrency owners use wallets as tools to manage their private keys and as a transactional interface. Wallets can be custodial or non-custodial today, and they are available as hardware and software. Here, the essential point is whether or not the user still has complete control over their private key. Whale A "whale" is a colloquial term for major players in the cryptocurrency markets, ranging from institutional investors to hedge funds or wealthy individuals. Y Yield Farming Yield farming is the practice of lending or staking cryptocurrencies in exchange for benefits like interest. In order to calculate their returns, yield farmers use annual percentage yields (APY). Z Zero Confirmation A confirmed transaction that has not yet been recorded on a blockchain. 24-hour volume The quantity of coins that have changed hands within a specified period, often 24 hours, is the trade volume of a cryptocurrency. In other words, the value of all purchases and sells completed in a single day is reflected in a cryptocurrency's 24-hour trading volume. This was our humble attempt to explain some of the most frequently used crypto terms for beginners. Still, there is far too much to cover in a single article. However, we hope that these first few terms are sufficient to get you started on your crypto journey. Sign up today and keep on learning with Bitget Academy! Twitter | Telegram | LinkedIn | Youtube | Facebook | Instagram

BGB To Be The Next High-Growth Exchange Token: A May Report

May’s crypto turbulence - influenced by both external factors and events within the sector - has become a cause of concern for many investors. Not only did we see Terra’s falling from grace, but many cryptocurrencies also experienced one of their worst monthly performance in May 2022. In this report, we are going to measure the performance of Bitget native token (BGB) and zoom out for a big-picture perspective. BGB Performance in May BTC and ETH Performance With its dominance remaining above 40%, Bitcoin continued to exert a profound impact on other crypto assets, meaning that any changes in BTC price would be more than likely to affect the whole market. Next we have ETH or the Mother of all Altcoins, whose volatility could influence the majority of coins/tokens as well. Bitcoin and Ethereum combined market cap made up almost 70% of the crypto sector. Source: CMC BGB correlation with BTC and ETH It is important, though, to know to which degree BGB was influenced by either of these two. As shown in the heatmap below, the correlation between BGB and BTC stood at 0.868 for May, while it was 0.884 for the BGB/ETH pair. In comparison to the 0.949 and 0.894 correlation for the BNB/BTC and BNB/ETH pairs, BGB definitely demonstrated more independence as an exchange token, allowing us to expect a more positive scenario with BGB price. In fact, it is not far from the truth. Many investors had to suffer from heavy losses as the rout swept its way through the global market; the real question here is, therefore, how bad was it? How much is left from, say, a $100,000 investment? On the sunniest day last month, the cumulative return of BGB was twice that of BTC, ETH and BNB at 1.12. In other words, only five days into the new month and you could have made a profit of 12%. Even during the debacle of LUNA, BGB managed to achieve a positive daily return of 14.7% compared to 2.5% for BTC, 4.2% for ETH and 5.8% for BNB on May 11, reversing the chart and pushing its cumulative return shortly to 7%. Out of the four coins and tokens examined, BGB was the only one able to have a cumulative return above 1 on that day. May went by and the three others’ losses started to accumulate steadily, resulting in a loss of at least 15% by the end of the month, i.e. a minimum net loss of $15,000. By contrast, BGB holders could still have realised their profits before May 9, and the worst they could have experienced was still much better than holders of other assets. As we eased ourselves into June, BGB holders were only $4,000 short of their starting equity - a very hopeful situation indeed. BGB performance compared to other major exchange tokens BGB has outperformed several other major exchange tokens in May. Our holders had the opportunity to reap a nice profit of 7-10% even on May 6 - May 9, the three first gloomy days for BNB, FTT and OKB holders. May 12 proved itself to be the most disappointing, where OKB holders had to bear a $37,800 net loss while the figure was approximately $10,000 for BGB holders. All four tokens had recovered from this slump by May’s end, even though great losses lingered for people who invested in exchange tokens other than BGB. BGB Volatility When talking about volatility, BGB’s was even lower than ETH - which means a net difference of $40 was expected for BGB and ETH holders. The gap was even wider for BGB/BNB at $48 and BGB/OKB at a whopping $433, assuming an initial investment of $100,000. The more equity invested, the bigger this difference would be, and proofs from our previous calculations imply that this difference should benefit only BGB holders. Other healthy chart signals for BGB We can also make some observations using the BGB price chart for May. Losses slowly faded out since May 12, which was supported by the upward slope of the MACD. 14-day RSI for BGB also stumbled below 30, totally in sync with the indicator above. Please keep in mind that for the rest of May, this indicator for BGB swayed below the 50 level, coinciding with BGB trading sideways after having created a new low. All these indicators are suggesting a good time to grab some bags of BGB. BGB chart in May. Source: TradingView Why is BGB the next high-growth exchange token? Let’s look at the bigger picture. Currently trading at around $0.16, BGB is a relatively new token released by Bitget. We already had a strong start in 2022 ranking 2nd worldwide in terms of daily volume for futures trading, setting an all-time record of $8.69 billion, representing a 300% growth from last year’s figure. Bitget is also the largest and fastest-growing crypto exchange when it comes to Copy Trading, having secured these accomplishments in just two years: 20K+ expert traders with a total revenue of $100M+ 95K+ followers with a total revenue of $156M+ Total asset invested in Bitget Copy Trade: $2.89B Total volume of Bitget Copy Trade: $145B The comparison chart between BGB and other exchange tokens These are the essential indicators for growth potential, which further predicts a bright future for BGB. NVT (Network Value to Transaction) ratio or PE (Price Earning) ratio in cryptocurrency is used to evaluate an asset’s value by transaction volume. A low NVT implies that it is currently being valued cheaply for every unit of the BGB’s transaction volume. Considering that BGB’s market capitalisation is sitting at the bottom of the exchange token list, it could mean there is a high potential in the BGB value growth. Overall, all the positive signals are leaning more to our side - the holders of BGB. Let’s avoid emotional investing and think clearly to give yourself the best chance of success. Benefits of holding Bitget Token (BGB) More than just a platform token, BGB is the core of a seamless and vibrant Web3 Ecosystem for all of your crypto holdings, community tokens, NFTs, Defi applications, and much more. By holding BGB, you are entitled to the following benefits: Transaction fees discount; Stake to earn; Access to early investment and many other exclusive rewards dedicated to BGB holders. To explore BGB and the Ecosystem of Bitget, please refer to the following reads: The Mission of Bitget’s Ecosystem, and Bitget’s Q1 2022 Performance. Want to become a BGB holder? Buy BGB now on Bitget!

Best performing platform token so far in 2022

Are you looking for the best blockchain projects and tokens to invest in, then you are at the right place. In recent months, most crypto assets haven't shown price increase movements during the 2022 mixed 6d1b8a27-68db-42ea-81b3-db35a6f3b33c. But not all crypto assets have performed equally. There have been some winners in terms of price gains. This article provides information on the fundamentals and BGB price movements. Let's get started! The beginning of the 2022 mixed market Let’s take a look into the price movements of the major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in the first 90 days of 2022. BTC, ETH as well as most cryptocurrencies did not extend the 2021 bull run. Source: Coingecko Is Bitget Token (BGB) a good investment? There is a distinctive characteristic to every crypto project that makes it stand out and last through the storms. We will share some of the most anticipating information to help you make better decisions about whether BGB is a good investment. Bitget Token (BGB) Overview Coin Name Bitget Token Coin Symbol BGB USD Price $0.20 24h Volume $80,588,042 Total Supply 2,000,000,000 (*) Data on March 7, 2022 Bitget Token (BGB) Price Trend At the time of writing this article, BGB traded at $0.20 with a 24-hour USD volume of $80,588,042. In the last 90 days, the price of BGB has increased by 111% as it surged from $0.0958 to $0.2022. This makes Bitget Token the best performing platform token of all cryptocurrency exchanges, outperforming Binance’s BNB, Huobi’s HT, Okex’s OKB, etc. Source: Coingecko This is a comparison chart between BGB and other platform currencies showing that the value of BGB is undervalued by comparing the trading volume of the exchange, the trading volume of the platform currency, the market value, and the price. NVT (Network Value to Transaction) ratio or PE (Price Earning) ratio in cryptocurrency is used to evaluate an asset's value by transaction volume. If the NVT value is too high, it could mean this blockchain network is overvalued compared to the low ability to transact coins in terms of volume. As we look at the NVT for BGB - a low NVT implies that it is currently being valued cheaply for every unit of the BGB’s transaction volume. It could mean there is a high potential in the BGB value growth. Empowering the entire Bitget’s ecosystem The outstanding performance of the platform currency reflects the remarkable development momentum of Bitget. Read on for more highlights! Bitget currently has more than 2 million registered users worldwide and has reached a 24-hour trading volume of $5.6 billion. In January 2022, Bitget reaches rank no.3 globally on the daily average futures trading volume with its featured product Coin-Margin futures reaching an all-time high trading volume of $7.82 billion - an affirmation of the momentum that Bitget has been on. Since 2021, Bitget has been actively deploying in the global market, investing and sponsoring several well-known companies. Bitget announced its sponsorships and partnerships with the global leading sports organizations such as PGL - the leading esports events company, Juventus - the Italian soccer giants in 2021; and currently in 2022 with Team Spirit - the leading Russian eSports organization, and Galatasaray - Turkey's leading and long-standing football club. In terms of transaction stability, Bitget integrated WOO Network’s liquidity solution on its spot markets to optimize users’ trading experience in February 2021. Deep liquidity is essential for accommodating higher trading volume and more price-sensitive traders, allowing Bitget to offer precise trading execution. What are the benefits of holding Bitget Token (BGB)? BGB is Bitget’s native asset with a wide range of applications and benefits empowering the entire Bitget ecosystem. Let's check out the ever-growing list of ways you can use BGB. Fee deduction BGB offers the platform's users transaction fees discount on the Bitget exchange. Futures transaction fees discount: Use BGB as the margin to enjoy a 15% discount on futures contract transaction fees. (coming soon) Spot transaction fees discount: Use BGB to pay for spot transaction fees and enjoy a 20% discount (see more details here). Contract margin You can use BGB as a contract margin for contract trading. Stake to earn Pledge BGB to gain value-added income Trade to earn Trading BGB can get tiered rewards based on the transaction amount. Multiply wealth management income Users who hold BGB positions can buy Bitget wealth management products to get multipliers. Launchpad Use BGB to subscribe to the Launchpad quota and access the exclusive early-stage high-quality investment. Launchpool BGB is used as a fixed pledge pool for Launchpool, and you can get new currency rewards for pledging BGB. Vote for listing Use BGB to vote to decide whether the project will go live and get rewards. Discount Users who hold BGB positions can get a minimum 50% discount on popular high-quality currencies. 1U snapped BGB holders can participate in the 1U limited-time snap-up activity. Super airdrop plan BGB holding users can get the exclusive token airdrop from time to time. Open blind box Hold BGB to participate in the blind box opening event and win mysterious gifts. BGB lottery Users with BGB positions can draw a lottery by consuming a small amount of BGB. Considering investing? Buy BGB now on Bitget!