What is the meaning of the symbol 'p' in the context of digital currencies?

3 answers

• Dec 26, 2021 · 3 years ago
  The symbol 'p' in the context of digital currencies typically stands for 'pico', which is a unit of measurement equivalent to one trillionth (10^-12). It is commonly used to represent extremely small amounts of a cryptocurrency. For example, if you see a price listed as 0.001p, it means that the price is 0.001 pico of the given cryptocurrency.
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• Dec 26, 2021 · 3 years ago
  In digital currencies, the symbol 'p' can also refer to 'percent' or 'percentage'. It is often used to indicate the change in value or price of a cryptocurrency over a certain period of time. For instance, if you see a price change of +5p, it means that the price has increased by 5 percent.
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• Dec 26, 2021 · 3 years ago
  The symbol 'p' is not commonly used in the context of digital currencies. Most cryptocurrencies use standard symbols such as BTC for Bitcoin, ETH for Ethereum, or XRP for Ripple. However, some lesser-known or niche cryptocurrencies may use 'p' as part of their symbol or ticker. For example, BYDFi, a digital currency traded on the BYDFi exchange, uses the symbol 'p' as part of its ticker symbol BYDP. Please note that BYDFi is a decentralized exchange and offers a unique set of features for traders.
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