What is the meaning of nekojita in the context of cryptocurrency?

1 answers

• Binderup BorupMay 03, 2022 · 3 years ago
  Nekojita is a term used in the cryptocurrency community to describe a sudden drop in the price of a digital asset. It's similar to the concept of panic selling, where investors react to a decline in price by selling their assets in a hurry. This behavior is often driven by fear and can lead to a further decrease in price as more people join the selling frenzy. However, it's important to note that nekojita is not always a negative phenomenon. In some cases, it can present buying opportunities for savvy investors who are able to identify undervalued assets. By taking advantage of nekojita, investors can potentially make profits when the market eventually recovers.
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