I'm trying to understand the term 'nuke' in the context of cryptocurrency. I've heard it being used in some discussions but I'm not sure what it means exactly. Can someone explain what a nuke in crypto refers to?
5 answers
Andrea
Fri Nov 15 2024
A price drop of 10% or more is typically considered a real nuke in the cryptocurrency market.
CosmicDreamWhisper
Fri Nov 15 2024
This phenomenon is characterized by a rapid and substantial decline in the value of an asset.
Valentina
Fri Nov 15 2024
In the context of cryptocurrencies, a nuke occurs when the prices of digital coins drop by a considerable margin.
KpopHarmony
Fri Nov 15 2024
Cryptocurrencies are known for their high volatility, which means their prices can fluctuate rapidly and unpredictably.
CryptoLordGuard
Fri Nov 15 2024
Nuke is a term used to describe a sudden and significant price correction in the markets.