NGMI, which means Not Gonna (going to) Make It, is a crypto slang that means there is no hope for a given situation.
An optimistic alternative to this is WAGMI, or We’re All Gonna Make It.
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Real Life Usage
Not Gonna Make It is typically used for failed crypto projects that have lost hope of revival and have gone beyond any possible recovery.
This can also be used for projects that have either rug pulled or are about to shut down.
Example
- NGMI is used to describe Terra Classic projects like LUNC and USTC which have zero hopes of recovery.
- It can also be used to describe Shiba Inu’s burn rate. The burn rate is in million of tokens where the total supply is above $589 trillion. At this rate, it would take thousands of years to bring Shiba Inu token numbers within a reasonable supply.
Crypto Terms Related to WAGMI
- WAGMI– We’re All Gonna Make It
- WAGMI is generic crypto slang that means “We All (are) Gonna(going to) Make It.” It is used in bad situations where there is little hope and helps uplift sentiments.
- HODL – Hold On to Dear Life
- This acronym signals hope when the situations are extremely bad. For example., HODL is used to encourage holding on to investments at the market bottom.
- FOMO – Fear of Missing Out
- Fear of Missing Out is a term used to denote a crypto buying opportunity which is too difficult to resist.
