Moon Definition | Decryptopedia™ by BabyPips.com

Moon or Mooning is slang, and it describes when a cryptocurrency’s price increases sharply and quickly in value.

It soars up into the sky, towards the moon!

During the early stages of the 2017 bull market, many altcoins were doubling and tripling in value in a matter of days and weeks.

They were described as “going to the moon” or simply “mooning”.

Stories about those massive gains have made the rounds online and even on news media, proclaiming how Crypto Millionaires were born out of spending $1,000 on Bitcoin (BTC) in 2012, and then turning that into millions several years later.

“To the moon” is another common catchphrase you’ll read on social media, a statement of hope that the digital asset the person owns will provide some level of insane returns over the initial investment.

Popular meme and dog-themed token Shiba Inu (SHIB) mooned in October of 2021, gaining 765% during the month.

It was the top performing cryptocurrency among cryptocurrencies with a market capitalization of over $10 billion at the time.

Related Terms

Shiba Inu (SHIB)

Shiba Inu (SHIB) is an ERC-20 token built on Ethereum that’s reported to be 100% run by its community. “The Dogecoin killer” is the second most famous altcoin and meme coin behind Dogecoin, even though it has a faithful army of 500,000 members called the SHIB Army promoting it on social media.

Dogecoin (DOGE)

The most famous meme coin around, an altcoin that was started in 2013 as a joke that’s represented by a Shiba Inu dog

Bubble

Describes an asset, or entire market, significantly appreciating in price, at an inflated level, and not reflecting the asset’s or market’s real value here on Earth. “The bubble” bursts, sending those inflated prices that can’t be sustained crashing down hard.

Market Capitalization (Market Cap)

Market Capitalization (Market Cap) is a total dollar value given to an asset (like Bitcoin), or an entire asset class (all cryptocurrencies), calculated by taking that asset’s circulating supply and multiplying it by the market price of that asset.

Sam Bankman-Fried (SBF)

At one point one of the richest people in crypto, Sam Bankman-Fried and cryptocurrency exchange FTX have come crashing down to earth in a matter of days following reporting that his Alameda Research hedge fund was undercapitalized and he allegedly took customer funds out of FTX illegally and funneled them to Alameda Research.