A coin that costs just a fraction of a cent—is it really cheap? Don’t panic, your class rep is here with the answer:
On Binance, USDT-margined contracts include 1000PEPEUSDT, 1000SHIBUSDT, 1000BONKUSDT, and others. The quoted price is for 1,000 tokens.
If the price rises from 0.00001 to 0.001, that’s a 100-fold increase. For a token with a total supply in the hundreds of trillions, that means its total market cap would also have to rise 100-fold.
The first page of my study notes says: Understand it before you trade.
$PEPE 0.0₅473（-3.86%）
On Binance, USDT-margined contracts include 1000PEPEUSDT, 1000SHIBUSDT, 1000BONKUSDT, and others. The quoted price is for 1,000 tokens.
If the price rises from 0.00001 to 0.001, that’s a 100-fold increase. For a token with a total supply in the hundreds of trillions, that means its total market cap would also have to rise 100-fold.
The first page of my study notes says: Understand it before you trade.
$PEPE 0.0₅473（-3.86%）
