If you’ve been seeing #WAGMI on your Twitter feed and aren’t sure what it means, here’s your answer. #WAGMI stands for ‘We are all going to make it’. The term is commonly used in the crypto industry to instill confidence and inspire people not to give up hope.
What is WAGMI
WAGMI is an abbreviation for “We’re All Going to Make It,” and it’s used when someone expects positive news in the future as a result of a particular trade or financial action. It’s also frequently used in conjunction with encouraging news to convey hope for future achievement for oneself or the entire society.
WAGMI began as a fitness community meme to motivate people to persevere toward their objectives even when they felt like giving up. WAGMI and NGMI are supposedly famous because of Zyzz, a legendary bodybuilder who has used these catchphrases in his motivational films on several occasions.
WAGMI has the implication “we’re all in this together.” It’s a statement of community, an optimistic projection of future prosperity that informs community members that they should be confident in trying times.
Understanding WAGMI
People in the crypto community utilize WAGMI to communicate their common belief in the future success of a specific project. The statement is common within the NFT community, whose members frequently experience difficulties and unpleasant comments from others.
For example, when NFTs gained popularity, many traditional crypto investors mocked them with the “right-click, save as” critique. This basically represented the idea that NFTs were largely useless.
Many well-known artists, notably Pixelord, tweeted in support of others in the NFT community, using the hashtag “WAGMI” to demonstrate solidarity.
NGMI vs. WAGMI
The abbreviation NGMI stands for “Not Gonna Make It.” Also well-liked in the crypto community. It implies that a person will fail because of a bad decision or lack of judgment. For example, if a person sells an NFT at a loss while others feel the project would be successful in the long run, they will be classified as NGMI.
NGMI and WAGMI are diametrically opposed. They’ve been dubbed the “Yin and Yang of the NFT community” by some users. NGMI is explicitly negative, whereas WAGMI is overtly good – one is exclusive, the other inclusionary.
GM WAGMI Coin
GM WAGMI — or Good Morning/We’re All Gonna Make It — is a joke coin initiative that has gained traction in the cryptocurrency industry. The goal of developing GM was to pay tribute to Raj Gokal, the co-founder of Solana Labs.
He popularized the word “GM” by greeting every one of his Twitter followers with the hashtag #GM. Gokal is well-known in the community as a pleasant, friendly individual who enjoys distributing positive energy. The crew behind GM Wagmi wants to mainstream their good message.
GM Wagmi was launched in November 2021 and operates on the Ethereum Blockchain. GM tokens are convertible into other cryptocurrencies or fiat cash. Furthermore, 1% of each GM transaction is burned to safeguard the token’s supply and value.
Conclusion
There you have it guys! WAGMI is a rallying cry used on social media platforms such as Twitter, and Instagram to create optimism and confidence in the cryptocurrency markets, particularly when positive news is released.
It is the notion that everyone, regardless of background, can make a fortune through cryptocurrency trading.
WAGMI is also frequently used sarcastically to signify the polar opposite of hope and confidence, as an insult to crypto market shills and social media influencers who make unrealistic and dramatic promises about future asset values.
