What does 10m refer to in the context of digital assets?

3 answers

• Dec 27, 2021 · 3 years ago
  In the context of digital assets, '10m' refers to a unit of measurement for the quantity of a particular cryptocurrency. It represents 10 million units of that cryptocurrency. This term is often used to describe the total supply or circulating supply of a cryptocurrency. For example, if a cryptocurrency has a total supply of 100 million units, then '10m' would represent 10% of the total supply.
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• Dec 27, 2021 · 3 years ago
  When we talk about '10m' in the context of digital assets, we are referring to a large quantity of a specific cryptocurrency. It could represent 10 million coins or tokens of that cryptocurrency. This term is commonly used to discuss the market cap or valuation of a cryptocurrency. For instance, if a cryptocurrency has a market cap of $100 million, then '10m' would signify a significant portion of that market cap.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, uses the term '10m' to refer to the trading volume of a specific cryptocurrency. It represents a trading volume of 10 million units of that cryptocurrency within a given time period. This metric is often used to gauge the liquidity and popularity of a cryptocurrency. Traders and investors pay close attention to the '10m' figure as it can indicate the level of market activity and interest in a particular cryptocurrency.
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