What is the significance of 'baekgu' in the world of cryptocurrencies?

1 answers

• Rana JunaidSep 28, 2021 · 4 years ago
  Baekgu, also known as a 'crypto pump', is a term used to describe a sudden and significant increase in the price of a cryptocurrency. It is often driven by market manipulation and coordinated buying by a group of investors. The significance of baekgu lies in its ability to create a sense of excitement and FOMO among traders and investors. It can lead to a rapid increase in trading volume and attract new participants to the market. However, it's important to be cautious when encountering baekgu, as it can be followed by a sharp price decline, leaving latecomers with significant losses. It's crucial to do thorough research and analysis before participating in any baekgu-related activities.
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