The term Moon is used to define a cryptocurrency that is under extreme rising market trend. Another public use of the expression is that price of cryptocurrency coin one day will go to the Moon. Just like other fields, the cryptocurrency industry has yielded too many slangs and memes among traders and investors.
The traders and investors overuse the terms as it is not all the time matching a significant uptrend. Usually, many cryptocurrency influencers and enthusiasts use slang moon to encourage others on social platforms affirming that specific coin is about to go to the Moon. But most of them trying to boost the market in favour of their holdings.
The term moon arises particularly in 2017 at time of extreme bull market when investors, traders and mainstream media got exhilarated about rising cryptocurrency market.