Cryptocurrency Terms and Definitions
What is a token standard in cryptocurrencies?
A token standard is a set of technical rules that a token on a blockchain conforms to. Standards ensure the compatibility of tokens with wallets, exchanges, and smart contracts.
What is a wall (buy wall, sell wall) on a cryptocurrency exchange?
A wall is a very large limit order to buy or sell that is capable of slowing down price movement. A distinction is made between a buy wall and a sell wall.
What is a stablecoin in cryptocurrencies?
A stablecoin is a cryptocurrency with minimal volatility whose value is pegged to a stable asset: a fiat currency, a commodity, or a basket of assets. It is used as a safe haven and a means of settlement.
What is FUD (Fear, Uncertainty and Doubt) in cryptocurrencies?
FUD is the spreading of fear, uncertainty, and doubt with the aim of influencing market sentiment. In the crypto space, the term describes a negative information backdrop that can distort the perception of a project.
What is a stop order in cryptocurrency trading?
A stop order is a pending order to buy or sell an asset that is triggered when the price reaches a specified level. The tool helps automate trades and limit risks.
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