Open/Close
By CoinGecko | Updated on Mar 03, 2020
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day. In general, these terms were more useful in traditional financial markets as there are fixed hours of the day in which trading occurs.
Related Terms
Frontrun
To intercept a particularly large AMM buy order for the purpose of purchasing an reselling the assets back to the buyer before the order transaction is mind on the blockchain.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
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