What does mm stand for in the world of cryptocurrency stocks?

3 answers

• Dec 18, 2021 · 3 years ago
  In the world of cryptocurrency stocks, 'mm' stands for 'market maker'. Market makers are individuals or firms that provide liquidity to the market by buying and selling assets. They play a crucial role in ensuring that there is enough trading activity and that prices remain stable. Market makers make money through the bid-ask spread, which is the difference between the buying and selling price of an asset. They help facilitate smooth trading and improve market efficiency.
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• Dec 18, 2021 · 3 years ago
  When it comes to cryptocurrency stocks, 'mm' refers to 'market manipulation'. Market manipulation is the act of artificially inflating or deflating the price of a cryptocurrency stock for personal gain. It can involve various tactics such as spreading false information, creating fake buy or sell orders, or engaging in wash trading. Market manipulation is illegal and can have a significant impact on the market and its participants. It's important for investors to be aware of potential market manipulation and to conduct thorough research before making investment decisions.
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• Dec 18, 2021 · 3 years ago
  In the world of cryptocurrency stocks, 'mm' stands for 'millimeter'. This term is often used to describe the precision and accuracy of price movements in the market. Just like a millimeter represents a small unit of measurement, 'mm' in cryptocurrency stocks signifies small price changes or fluctuations. Traders and investors closely monitor these millimeter movements to identify trends and make informed trading decisions. It's important to note that 'mm' can also refer to 'market maker' or 'market manipulation' depending on the context, so it's essential to consider the surrounding factors when interpreting the term.
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