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
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Sell wall
Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.
Flappening
Flappening is a term used to describe Litecoin growing bigger and becoming more valuable than Bitcoin Cash (BCH). It is spawned from the term Flippening (used when another crypto overtakes Bitcoin).
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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