What is the definition of a pancake in the context of cryptocurrencies?
Hari SarmahJun 24, 2023 · 3 years ago1 answers
Can you explain what a pancake means in the world of cryptocurrencies? I've heard the term being used but I'm not sure what it refers to.
1 answers
- Aysel DadashovaAug 11, 2020 · 5 years agoWhen it comes to cryptocurrencies, the term pancake can be used in a more general sense to describe a flat or stable price movement. It's often used to refer to a period of little to no price volatility, where the price of a cryptocurrency remains relatively unchanged. This can be seen as a positive or negative depending on the context and the goals of traders and investors. Some may see it as a sign of stability, while others may view it as a lack of potential for profit.
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