Wirex Word Search – Part 2!

How many crypto-related words did you find in our Wirex Word Search? If you didn’t do as well as you’d hoped, don’t despair - we’ve got another one for you to have a crack at!

Part 2 contains 10 hidden words which are all common in the world of crypto.

Once you’ve tracked them down, add them to your crypto vocabulary and you’ll be sounding like a pro in no time.

Good luck!

  1. Aw, cute. Wait, no, not that type. _____ in the crypto space refers to a market in which prices are falling, i.e. when demand is lower than supply. A _____ investor pessimistically believes that prices are sure to drop.

  2. Not so cute, either. _____ describes a market in which prices are rising or are expected to rise. This means that demand is higher than supply. _____ investors are optimistic and HODL on to their coins until the price soars high enough for them to sell.

  3. The _____ ranks the relative size of a cryptocurrency, using the formula: price x circulating supply.

  4. _____ are digital contracts which self-execute when predetermined conditions are met. The terms of an agreement are written into the lines of code stored on the blockchain. The popular Ethereum network uses these to assist the creation of third-party apps.

  5. You may have heard this one in your everyday life. But believe it or not, _____ actually originated in the world of crypto. It describes an urgent need to buy when everyone else is. Or it might cause you to HODL during a dip. It basically means to act out of emotion to avoid being left behind.

  6. ______ are the opposite of cold storage. The main difference is that this type of crypto storage tool is connected to the internet. They are slightly more susceptible to hackers, however.

  7. ______ refers to an ecosystem of financial applications built on blockchains, allowing users to take total control of their own assets. Sometimes known as the Open Finance movement. It’s here to stay, if you ask us.

  8. All cryptocurrencies other than bitcoin. Ether still stands in the number one spot in terms of market cap, but there were an estimated 9,000 ______ as of March 2021. That’s a lot of coins.

  9. ______ are essentially digital marketplaces where you can buy and sell crypto (often at eye-watering rates, unlike the live OTC and interbank exchange rates we give you guys).

  10. Selling a cryptocurrency to the public as a way of raising funds for a new venture. The token you buy may have a use within a product or service the company is producing (and raising funds for), or it may represent a stake in the company itself. ______ exploded in 2017, when every man and his dog decided to get in on the action, but have since earned a pretty bad rep thanks to some unfortunate scams.

Did you get them all? Share your answers in the comments section below.

We will be back in a week’s time to share the answers with you! Good luck!