January Effect, J-Curve & JOMO
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A quick glance through several cryptocurrency encyclopedias online will show you that when it comes to the letter ‘J’, known terminology, slang and jargon are few and far between. Not to fret, however, as we highlight three financial terms starting with ‘J’, which have made an appearance in the sphere of crypto vocabulary on this week’s Crypto Terminology: A to Z.
Let us take a look at the first one: January Effect.
While not a buzzword that is commonly tied to the crypto market, the explosive success of the market’s benchmark cryptocurrency Bitcoin this January has certainly led to whispers within the crypto community — can there be a crypto version of the January Effect? Historical data shows that January has not always been a good month for the orange coin, but it is certainly an interesting theory to keep a lookout for after the spectacular start to 2021 we had.