Meaning of "Pegging"
A method (or mechanism) designed or maintained to minimize price fluctuations by pegging the value of assets such as cryptocurrencies and securities to their issue price (or reference price) on a 1:1 basis.
"Thanks to its pegging mechanism, this stablecoin maintains a relatively stable price near its reference price."
Related slang words
ManjingThis refers to the act of repeatedly making excessive additional bets or investments in an attempt to recoup losses incurred from gambling or investingPanic SellThis refers to a sell-off in which investors, driven by fear amid growing market volatility, sell off their assets en masse, causing prices to plummet.WhipsawThis term refers to a deceptive pattern in which the chart fluctuates wildly up and down like a long, narrow sawtooth, unsettling investor sentiment and capital to induce selling.Fire FestivalThis is a figurative term used to describe a rising trend in which stock or cryptocurrency prices rise rapidly and sharply, similar to a bull market.Diamond HandA steadfast investor who holds onto their investments until the end without being swayed by emotions, even during sharp market declines or times of riskP.J.This refers to the trading session that takes place before the start of regular trading hours for U.S. stocks.Korean wonThe international standard currency code for the South Korean won; used to refer to the **KRW market**—which is denominated in won—in cryptocurrency and coin price quotes or trading markets.To the Moon(Interjection) A meme expression used to wish for a massive surge—like exclaiming “All the way to the moon!”—hoping that stock or cryptocurrency prices will skyrocket like a rocket.