BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How is stonk defined in the world of digital currencies?

Bartek WlodarczykMay 07, 2022 · 3 years ago1 answers

In the world of digital currencies, what is the definition of stonk?

1 answers

  • May 07, 2022 · 3 years ago
    At BYDFi, we define stonk in the world of digital currencies as a cryptocurrency that is experiencing a significant and sustained increase in value. This term is often used to describe a cryptocurrency that is performing exceptionally well in the market and is attracting a lot of attention from investors. When a cryptocurrency is stonking, it means that its price is rising rapidly and investors believe that it has the potential for further growth. However, it's important to note that the term stonk is not a technical or official term, but rather a slang term used by enthusiasts and investors in the digital currency space. It's a way to express excitement and optimism about a particular cryptocurrency's performance.