What Does NGMI Mean in Crypto?
The acronym NGMI stands for “Not Going to Make It.” It’s widely used in the crypto realm to describe situations in which one makes a stupid judgment, such as selling an NFT at a cheap price despite all market signs indicating its value is rising.
It represents someone who is missing out on profits or gains because she either doesn’t have diamond hands and is considering selling her bag due to a dip, or she wants to lock in earnings rather than hodling and hoping for even higher gains.
How NGMI Is Used in the Crypto World
NGMI is one of the various terms used by cryptocurrency traders to communicate. It refers to a circumstance in which an investor makes a poor decision despite market data and professional guidance. The word has a strong negative meaning, signifying a poor choice.
NGMI, like the phrase WAGMI, began as a meme. Both slogans reportedly gained popularity after late bodybuilder Zyzz began using them in motivating YouTube videos. However, NGMI has become a part of the crypto language over time.
How to Use NGMI
Members of the crypto community use the term “NGMI” to describe people who do not see the value in investing in cryptocurrencies and NFTs. They believe that not investing in these products is a bad financial move that will result in nothing good.
It’s the crypto equivalent of calling someone a loser, or at the very least a prospective loser. As a result, you should exercise caution when using NGMI among members of the crypto community. Labeling someone in your group as NGMI can be interpreted as a threat.
The NGMI term can also be applied to individuals of the crypto community. For example, NFT holders who price their NFTs below the floor price or who repeatedly flip NFTs without regard for losses and profits are often labeled NGMIs.
The NGMI term can also be applied to individuals of the crypto community. For example, NGMIs are NFT holders who price their NFTs below the floor price or who repeatedly flip NFTs with little regard for losses and profits.
Some people utilize NGMI to mock themselves after making a poor investment selection or taking an unwise financial activity.
NGMI vs. WAGMI
In the world of NFT, both NGMI and WAGMI are commonly used. They are frequently seen in NFT Discord groups and on NFT Twitter feeds. These two expressions are easily confused, but they are not the same. WAGMI is an abbreviation for “We’re Going to Make It,” which is the opposite of NGMI. The term is intended to signify future success and has a positive connotation.
NGMI Crypto Token
While NGMI is a common slang term, it has also been adopted as a new meme cryptocurrency. Following the success of meme-inspired currencies such as Dogecoin, many others are hopping on board, producing currencies such as the NGMI Coin.
The Avalanche network is used to power the decentralized NGMI meme coin, which has a total quantity of 1 billion tokens. Almost all of the NGMI supply has been airdropped and added to the liquidity pool. Any extra tokens will be kept in the NGMI Treasury.
The NGMI token is now available for purchase. It uses the reverse Honeypot paradigm, which implies that once the owner sells their token, they are unable to repurchase it. The NGMI coin is currently available for purchase on Binance and PancakeSwap. It is expected, however, to list on other exchanges as well.