What does “mooning” mean in crypto?

So when it comes to crypto, “mooning” basically means that a cryptocurrency’s valuation is “going to the moon” — experiencing a significant spike in price and volume. If you were to look at crypto charts, it would appear that the mooning asset’s value has taken a sharp turn up and to the right. That, in short, is your mooning definition.

Is moons (Moon) underperforming the global cryptocurrency market?

With a price decline of -2.30% in the last 7 days, r/CryptoCurrency Moons (MOON) is underperforming the global cryptocurrency market which is up 0.40%, while underperforming when compared to similar Gnosis Chain Ecosystem cryptocurrencies which are up 0.20%.

What is a cryptocurrency and how does it work?

Cryptocurrencies are digital assets that rely on an encrypted network to execute, verify, and record transactions, independent of a centralized authority such as a government or bank. Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment.

What is a native cryptocurrency?

Cryptocurrency: These crypto assets are also called crypto coins and are those native to blockchains. So for instance, bitcoin (BTC) is the native cryptocurrency of the Bitcoin blockchain and ether (ETH) is the native cryptocurrency of the Ethereum blockchain.