Study Notes | Meme Coin Unit Prices
① Some people prefer low-priced assets and feel that being able to buy “a lot of coins” is a better deal. This mindset is often called “unit bias.”
② These contracts have a 1000 prefix because the price of each token is so low, with so many decimal places, that quoting and placing orders would otherwise be inconvenient.
③ Don’t assume there’s more room to rise just because “one coin only costs a few cents.” Check the current market cap first.
$PEPE 0.0₅401 (-2.2%)
#PEPE
Make your own decisions when buying and selling. Don’t follow the crowd.
① Some people prefer low-priced assets and feel that being able to buy “a lot of coins” is a better deal. This mindset is often called “unit bias.”
② These contracts have a 1000 prefix because the price of each token is so low, with so many decimal places, that quoting and placing orders would otherwise be inconvenient.
③ Don’t assume there’s more room to rise just because “one coin only costs a few cents.” Check the current market cap first.
$PEPE 0.0₅401 (-2.2%)
#PEPE
Make your own decisions when buying and selling. Don’t follow the crowd.