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What is the definition of a pancake in the context of cryptocurrencies?

avatarKashishBhattDec 27, 2021 · 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.

What is the definition of a pancake in the context of cryptocurrencies?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    When 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.