Crypto Speak: Moonshot
A “moonshot” is an exponential increase in the price of a particular cryptocurrency. When you see news that some token has grown by +10,000% in 24 hours, you’re looking at a true moonshot.
Often, moonshots happen against the backdrop of unexpected news and events—e.g., hype around artificial intelligence technologies starts making its rounds, with AI-related tokens surging in response.
Meanwhile, a lot of scammers start creating their own tokens with the AI theme baked into their names, and they, too, can make moonshots if they manage to fool investors—and complete the scam with a rug pull.
