What does “NGMI” stand for in crypto?
“NGMI,” an acronym that translates to “Not Gonna Make It,” has become popular internet jargon. This phrase encapsulates a sense of defeat or skepticism, often mirroring frustration or disillusionment.
Usually, it is referred to as a web3 project or NFT enthusiast that is doomed to fail/not be successful. This is the opposite of WAGMI.
What is the meaning of “NGMI”
The Nuances of NGMI “NGMI” isn’t just a simple expression of pessimism. It often carries a blend of humor and self-mockery. Imagine scrolling through X and stumbling upon a tweet about a quirky new meme coin or a bizarre NFT project.
Dropping an “NGMI” in the comments can add a touch of fun, playfully casting doubt on the project’s success while engaging in the online buzz.
“NGMI” in Crypto
In the whirlwind realm of cryptocurrencies, “NGMI” holds a special place. When someone throws this term into a crypto conversation, they cast a shadow of doubt over the future success of a crypto venture.
Usually, it is thrown at a degen project or exchanges with a yield higher than 15%. It’s a lighthearted, tongue-in-cheek way to express skepticism in the crypto industry. This industry is known for fortunes that can skyrocket or plummet in the blink of an eye.
A Reminder for Crypto Degens
While “NGMI” often surfaces in jest, it’s a stark reminder of the unpredictable nature of cryptocurrency markets.
Amidst the hype and the frenzied chants of “To the moon!” this acronym serves as a nudge to approach investments with a blend of caution and critical analysis.
Essentially, it recognizes the fine line between a moonshot and a misfire that will take you to “Not gonna make it” pretty fast.