The cryptoassets community commonly uses NGMI—an internet slang for predicting failure.

The Background of the Emergence of NGMI

Have you ever wondered whether new projects that are rapidly growing in the cryptocurrency market will truly succeed? To express such skepticism, the term “NGMI” is often used within the community. This term is an abbreviation for “Not Going to Make It,” and it is used to suggest the possibility of failure or setbacks.

Multiple Uses of NGMI

At first glance, NGMI may sound negative, but it actually has different meanings depending on the context. On social media platforms like X (formerly Twitter), users might jokingly comment “NGMI” in response to bizarrely named meme coins or ridiculous NFT projects. Here, it functions as a bright sarcasm, showing a healthy skepticism towards excessive hype.

On the other hand, among cryptocurrency enthusiasts, it is also used when sincerely assessing the growth potential of a project. When there is a lack of clear practicality or market competitiveness in a project, investors express their low confidence in that project by saying “NGMI.”

How to Face Market Volatility

The price fluctuations of cryptocurrencies are extremely volatile, and it is inherently difficult to accurately predict future price movements. The term NGMI is a kind of humor and a reflection of skeptical thinking, but at the same time, it conveys an important message to investors. That is, one should not be swayed by market hype or sensational campaigns and should always strive to make investment decisions based on calm analysis.

Staying true to data-driven decision-making, regardless of market sentiment, is the key to long-term investment success. The term NGMI is not just internet slang, but a cultural reminder to maintain investors' judgment and vigilance.