Have you ever heard the phrase “to the moon and back”? You may say this to a person who you will stick with. You will go to the furthest point humans have been and then back again.
In crypto however there is a term “ to the moon”. It has a slightly different meaning.
A term that is often employed as a verb (mooning) to describe a cryptocurrency that is under a strong upward market trend. Another common use of the expression is in the phrase “to the moon,” which refers to a strong belief that certain cryptocurrency is soon going to rise significantly in price.
What’s funny about this is that everyone and their brother thinks they their favourite coin is going to moon. Most are a bust, but occasionally coins do moon and give amazing returns, before coming back to earth.
I am not sure if any the coins I am holding will moon, but I am hoping they will at some point.
To the moon and beyond!