If you are new to crypto industry and complicated to crypto slangs. Don't worry, we are here to help you out. In this article, we will tell you "what is WAGMI in crypto" and meanings of other slangs.
What is WAGMI in crypto?
WAGMI — We're all gonna make it. An optimistic term thrown around by NFT communities to encourage positivity and the idea that everyone is going to succeed financially in the NFT space, regardless of whether or not that is actually true.
Other Crypto Slangs
APE — It refers to Bored Ape Yacht Club NFTs and also refers to “apeing” into something, which is buying a lot of something on a whim or without doing much research beforehand.
DIAMOND HANDS — Holding onto an asset for a long time, through thick and thin. Someone who is “diamond-handing” or has “diamond hands” has held their crypto or NFTs for a set of time.
FP/FLOOR PRICE — The minimum “buy now” sale price for an NFT. Floor prices can vary wildly.
GAS — Transaction fees on Ethereum network. Gas fees increase when there is more traffic.
HODL — This term originated from a BitcoinTalk forum post in 2013 titled, “I AM HODLING,” which was a typo for “holding.”
MINT — NFT primary sale. Mint can be a noun or a verb. For example, “The Cool Cats mint only cost 0.02 Ethereum!” Or, “I minted an Otherdeed NFT last week.”
MOON — Dramatic increase in value (verb) of an asset in crypto.
NGMI — Not gonna make it. A dismissive or negative term used to describe people or projects that won't be successful or around long-term.
RUG/RUGPULL — A scam or misleading project, where the founders of said project suddenly disappear with their money yoinked from the project.
WHITELIST/WL/ALLOWLIST — The presale list of crypto wallet addresses allowed to mint first from a new collection.
