Why do some Meme coins have “1000” added before their names in futures contracts?
Definition: These contracts have the “1000” prefix because the price of a single token is very low and has too many decimal places, making it inconvenient to quote and place orders.
The logic behind it: A price increase from 0.00001 to 0.001 is a 100-fold gain. For a coin with a total supply of several hundred trillion, this means its total market capitalization would also have to increase 100-fold.
$PEPE corresponds to the trading pair 1000PEPEUSDT on Binance USDⓈ-M Futures.
Don’t rush into action just because everyone around you is doing it.
#PEPE
Definition: These contracts have the “1000” prefix because the price of a single token is very low and has too many decimal places, making it inconvenient to quote and place orders.
The logic behind it: A price increase from 0.00001 to 0.001 is a 100-fold gain. For a coin with a total supply of several hundred trillion, this means its total market capitalization would also have to increase 100-fold.
$PEPE corresponds to the trading pair 1000PEPEUSDT on Binance USDⓈ-M Futures.
Don’t rush into action just because everyone around you is doing it.
#PEPE