Why do some meme coins have 1000 added to the beginning of their names in futures contracts?
First, a quick explanation: To gauge how highly valued a coin is, look at its total market cap or FDV—the unit price multiplied by the supply. Don’t look only at the price of a single coin.
Here’s the principle: If you spend the same amount, whether you get billions of tokens or less than 1 Bitcoin, your profit or loss depends only on the percentage change in price, not on the number of coins.
$PEPE The corresponding trading pair on Binance USDⓈ-M futures is 1000PEPEUSDT. Current price: 0.0₅403.
Understanding the rules helps you make informed decisions; it’s not about predicting the market.
#PEPE
This is not financial advice. Trade at your own discretion.
First, a quick explanation: To gauge how highly valued a coin is, look at its total market cap or FDV—the unit price multiplied by the supply. Don’t look only at the price of a single coin.
Here’s the principle: If you spend the same amount, whether you get billions of tokens or less than 1 Bitcoin, your profit or loss depends only on the percentage change in price, not on the number of coins.
$PEPE The corresponding trading pair on Binance USDⓈ-M futures is 1000PEPEUSDT. Current price: 0.0₅403.
Understanding the rules helps you make informed decisions; it’s not about predicting the market.
#PEPE
This is not financial advice. Trade at your own discretion.