CEX Quiz Answers October 31, 2024Open CE…

CEX Quiz Answers October 31, 2024
Open CEX Bot: https://wpshort.com/cexio
#CEXQuiz #CEXIOQuiz🪙Answers to all questions,
🕔 October 30 Wednesday :
ℹ️ Quiz Today’s 👀
➡️ Task: “From The Dip to Rug Pulls: Unlocking More Crypto Vocabulary“
1.What should you consider when assessing the risk of a new cryptocurrency?
✔️The project’s fundamentals and community support
2.What is “Altseason”?
✔️A period when altcoins gain momentum
3.What can help you succeed in “Snipe” trading?
✔️Being quick and informed about market movements
4.What should you avoid if you have “Paper Hands”?
✔️Panic selling during market fluctuations
5.What does “Snipe” mean in crypto trading?
✔️Making quick, precise trades to capitalize on price discrepancies
6.What does “Paper Hands” describe?
✔️Traders who sell at the first sign of trouble
7.What is a “Rug Pull”?
✔️When developers abandon a project and take the funds
8.How can you prepare for “Altseason”?
✔️Research potential altcoins and their fundamentals
9.Why should you consider catching “The Dip”?
✔️It can be a good buying opportunity
10.Why is it important to watch out for “Rug Pulls”?
✔️To be protected from sudden losses
11.How does HODLing relate to “The Dip”?
✔️HODLing means holding during dips
12.What does “The Dip” refer to in cryptocurrency?
✔️A temporary decline in the price of a cryptocurrency