The expression “to the moon” frequently connotes a firm belief that the price of a certain cryptocurrency will shortly rise substantially. Although not unique to the blockchain industry, the word is often used in the cryptocurrency community, particularly among investors and traders.
The statement looks to be overused in real usage, nevertheless, as there isn’t always an obvious rising tendency. It’s crucial to keep in mind that a lot of cryptocurrency fans and influencers use the phrase to persuade others online via social media that a specific coin or token is about to soar to the moon. The bulk of them are actually just “shilling their bags”, or trying to influence the markets to favor their assets.