Have you ever heard the phrase "to the moon" in the world of cryptocurrencies? It's a commonly used expression that has a pretty straightforward meaning.
"To the moon" is a term used to describe a crypto asset's sharp and rapid price increase. The phrase is typically used when the asset's growth surpasses 100%. In other words, it's when the price chart appears to skyrocket and go to the moon.
It's important to note that the term "to the moon" is only applicable when the growth is significant. If the growth is under 10%, 40% or 60%, the phrase doesn't fit.
Do you have any crypto assets that you would consider a "to the moon" investment in your portfolio?
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