intrinsic value</strong></a> can be subject to interest rates. For example, a computer, a car, a house, or even a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency.

/n

There are two terms you must know in regards to interests rates: APR and APY.</p>\n<p>When a person takes out credit, they&rsquo;re charged an interest rate which is described as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-annual-percentage-rate-apr/">an annual percentage rate (APR)</strong></strong></a>. It determines the amount of interest paid each year based on the full loan.&nbsp;</p>\n<p>Investors, individuals, or institutions that give out loans aren&rsquo;t the only ones that reap the benefits of interest rates. For example, a bank pays its client an interest rate for holding their personal funds in a savings account provided by the bank. That interest rate defines how much the client will earn over one year and is also known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-annual-percentage-yield-apy/">an annual percentage yield (APY)</strong></a>.</p>\n<p>When it comes to the cryptocurrency sector, interest rates operate the same for the most part except there are a few extra intricacies.&nbsp;</p>\n<p>Generally speaking, the cryptocurrency market is <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatile. These high levels of volatility make the <strong>interest rate fluctuate significantly over a short period of time</strong>.</p>\n<p>The interest rate is related to the amount borrowed. Therefore, if the borrowed amount increases in value, then the absolute value of the interest rate will increase accordingly. 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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":504,"original_id":null,"author_id":43,"translator_id":null,"title":"What are Internet Memes?","slug":"what-are-internet-memes","section":"I","keyword":"Internet Memes","status":"published","definition":"are pieces of content, whether it’s an image, video, text, or sound, which are spread around the internet at a rapid pace.","content":"<p><strong>An internet meme is an amusing piece of digital content with humorous or critical undertones</strong>. It can reach internet users in various forms such as images, videos, text, or sounds. Internet memes become viral due to internet users sharing the content through various social media platforms such as Facebook, Instagram, TikTok, or Reddit.&nbsp;</p>\n<p>Internet memes have been around for nearly two decades. The first meme that went viral made its debut in 1996 showing an animated dancing baby, also known as Baby Cha-Cha. Although this video wasn&rsquo;t created with the intention to become viral. Its main purpose was to show off the capabilities of the newest CGI software.</p>\n<p>Memes are usually born from real-life events or are an imitation of them in hopes of going viral just like their predecessor.</p>\n<p>Internet memes have three qualities - longevity, fertility, and fidelity. Firstly, it must be able to last for a long period of time. Secondly, if there&rsquo;s potential to replicate an internet meme, then it can expect exponential growth. Finally, the original meme must be traceable.&nbsp;</p>\n<p>On top of that, internet memes have played a huge role in changing our culture and offering perspectives on different experiences. They have given a unique way to start conversations about traditionally difficult topics, brought awareness to real issues, and impacted politics all over the world.</p>\n<p>Besides, ideas can be presented through memes in an easy-to-understand and comical manner.</p>\n<p>Marketers have also utilized internet memes to advertise their products and services. However, businesses can use memes in more ways than just as an advertising tool. For instance, to provide insight into a technical field such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency.&nbsp;

/n

What is a Crypto Meme?</p>\n<p>In essence, crypto memes are just like regular memes except they are specifically targeted at people interested in crypto. They&rsquo;re usually presented as a funny static image, video, or gif. More often than not memes are used to mock people who try to get rich quickly without any research or think cryptocurrencies are a joke.</p>\n<p>Recently, they&rsquo;ve gained a lot of popularity within the crypto community. At this point, it&rsquo;s almost impossible to do any research on the crypto market without stumbling upon one of the crypto memes.&nbsp;</p>\n<p>Overall, they&rsquo;re a great way for the crypto community to connect while also providing a way to gain new insights and perspectives on the crypto sector.</p>\n<p><strong>What is a Memecoin?</strong></p>\n<p>At its core, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-memecoin/">memecoin is a cryptocurrency that&rsquo;s based on internet memes. Currently, there are over 250 memecoins around the world. They usually are more volatile than other cryptocurrencies.&nbsp;</p>\n<p>When the first memecoins were introduced, the entire community viewed them as a joke. However, a lot of people outside of the community view cryptocurrencies as a whole as a joke.</p>\n<p>There have been many new investors who decided to invest in cryptocurrencies due to smaller barriers of entry, variety, and other factors. For the most part, a lot of these new investors have been fairly successful.</p>\n<p>Dogecoin was launched in 2013 as the first memecoin on the market. It&rsquo;s based on the Shiba Inu internet meme. At the beginning of its existence, Dogecoin was endorsed by Elon Musk and experienced a large increase in popularity. Today, it still stands as one of the most successful memecoins to date.</p>\n<p>Besides, Dogecoin&rsquo;s triumph has accelerated the success of other memecoin projects. This resulted in an increase in value as well as a global acceptance.&nbsp;</p>\n<p>There is a huge amount of internet memes that are eventually turned into a memecoin. A lot of them are specific to the cryptocurrency community such as the &ldquo;laser eyes&rdquo; meme which refers to bullish crypto enthusiasts. The laser eyes are red if the meme is about <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and blue if it&rsquo;s about <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum.

/n

What are the differences between regular crypto coins and memecoins?</strong></p>\n<p>Cryptocurrencies such as Bitcoin hold real-world utility and practical uses thus making them actually purposeful.</p>\n<p>On the other hand, while memecoins can bring short-term gains, they are generally considered to be just for amusement.</p>","level":"hard","meta_title":"What are Internet Memes? Definition & Meaning | Crypto Wiki","meta_description":"Internet Memes meaning: Internet Memes - are pieces of content, whether it’s an image, video, text, or sound, which are spread around the internet at a rapid pace.","meta_keywords":null,"language":"en","created_at":"2022-03-22T15:43:42.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-internet-memes"},"prevSection":{"id":470,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Initial Token Offering (ITO)?","slug":"what-is-initial-token-offering-ito","section":"I","keyword":"Initial Token Offering (ITO)","status":"published","definition":"is the use of tokens to raise capital in the crypto sector.","content":"<p><strong>Initial Token Offering (ITO)</strong> describes a type of <strong>event whose main purpose is to raise funds for a cryptocurrency project</strong>.</p>\n<p>ITOs and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)</strong></a> are two terms that are often used interchangeably. While they&rsquo;re similar, there are a few differences that set ITOs apart from ICOs.</p>\n<p>Unlike ICOs where the crowdfunding process is aimed at cryptocurrencies, <strong>ITOs prioritize offering tokens that have intrinsic utility</strong>. For instance, investors receive access to a specific platform through a subscription where token holders are able to take advantage of exclusive features.&nbsp;</p>\n<p>Essentially, ITOs have a lot more in common with tokenization than crowdfunding since coins are tokens are not the same. While both coins and tokens are part of the cryptocurrency bubble, tokens mostly operate on an existing blockchain based on the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-erc-20/">ERC-20 standard while coins operate on their own independent blockchains like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum, and XRP.</p>\n<p>Initial coin offerings became a controversial topic after some projects turned out to be scams. Moreover, some of the projects that implemented ICOs crashed soon after launching. It&rsquo;s slowly becoming less and less common in the cryptocurrency world.</p>","level":"easy","meta_title":"What is Initial Token Offering (ITO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Token Offering (ITO) meaning: Initial Token Offering (ITO) - is the use of tokens to raise capital in the crypto sector.","meta_keywords":null,"language":"en","created_at":"2022-03-22T07:05:48.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-initial-token-offering-ito"},"currentChapter":"I","currentSection":"what-are-interest-rates","chapterTitle":"I","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-are-interest-rates","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Crypto Terms: Letter I

What are Interest Rates?

Interest Rates MEANING:
Interest Rates - defines the percentage which is charged for taking out a loan.
Easy
1 minute

Let's find out Interest Rates meaning, definition in crypto, what are Interest Rates, and all other detailed facts.

The term Interest Rate is used to describe the percentage charged by either an individual or an institution for a loan.

Any type of asset that has intrinsic value can be subject to interest rates. For example, a computer, a car, a house, or even a cryptocurrency.

There are two terms you must know in regards to interests rates: APR and APY.

When a person takes out credit, they’re charged an interest rate which is described as an annual percentage rate (APR). It determines the amount of interest paid each year based on the full loan. 

Investors, individuals, or institutions that give out loans aren’t the only ones that reap the benefits of interest rates. For example, a bank pays its client an interest rate for holding their personal funds in a savings account provided by the bank. That interest rate defines how much the client will earn over one year and is also known as an annual percentage yield (APY).

When it comes to the cryptocurrency sector, interest rates operate the same for the most part except there are a few extra intricacies. 

Generally speaking, the cryptocurrency market is volatile. These high levels of volatility make the interest rate fluctuate significantly over a short period of time.

The interest rate is related to the amount borrowed. Therefore, if the borrowed amount increases in value, then the absolute value of the interest rate will increase accordingly. With the exception of currency pegging at the time of borrowing.