Greetings CryptoCubers,

We hope your portfolio is looking better during this pump!

Some news: 

Ethereum pumped 20% in one day, surprising everyone. Despite the crazy gas fees, people still love the "silver" of the crypto world!

 Current Prices:

- BTC: $69,710

- ETH: $3,811

- SOL: $177

Last week, we discussed managing your portfolio and gaining some traction in building up your collection of digital currencies.

This week, we will cover some popular terms used in the crypto world.

As we know, the crypto world is unlike any other asset class. With its exciting opportunities and extremely rapid growth, it's no wonder a language of its own would emerge. You'll see these terms in any crypto space or discussion, especially on social media platforms where crypto communities are very active.

Social media is a great place to learn about different projects and see what individuals do in their crypto portfolios. However, try not to copy everyone on social media robotically, as this is a sure way to end in disaster. Many people promote silly projects and use their moves for likes and engagement farming, so always be cautious with your crypto decision-making. And with that, we start with our favorite and most relevant term, which we’re sure you’ve seen us say over and over….

DYOR - Do Your Own Research 

This term has become relevant to crypto. As we mentioned in previous emails, many scam artists are on the lookout for new people to scam, giving crypto a bad name. Additionally, many social media influencers don’t care about their followers and use them as bait to make their investments go higher. Therefore, we always mention this term to encourage independence in your crypto journey, to make more intelligent decisions, and to think twice before jumping on the nearest crypto project train.

Pump & Dump 

This term refers to the rapid pump or increase in a coin's price, followed by an even more rapid dump. So how does this happen? As we explained in DYOR, there are many so-called “influencers” who have a large following, attracting many new projects to them. Projects offer them a certain allocation or amount of their coins and payment to “shill” or promote their project. This promotion causes the many followers of the influencer to get excited, and with hopes of getting rich overnight, they all buy into this project, causing the price to shoot up. Once the price reaches a high or “pumps,” the influencer and their bandits sell all their holdings at the same time, causing the price of the coin to drop way down or “dump.” The ones left holding are often the followers of these influencers, with coins worth nothing. So, beware of these influencer traps and seek more honest ones that do not shill every project under the sun.

Shilling 

This refers to the promotion of a certain project and will be seen all over social media, often in the comment sections of people's posts. This is done to gain more exposure of a certain coin or project in the hopes of pumping its value. While shilling isn't always bad, often people shill random projects, especially meme-coins. Take time to investigate the shills and know that many are paid to shill a project.

We hope this information was useful and we are certain it will be of great use when navigating the wild world of crypto. We are here to help, so feel free to reach out anytime and we will respond as soon as possible.

We hope you have enjoyed this week's edition.

Remember DYOR and stay safe out there.

Happy investing,

CryptoCube