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Many beginners, when looking at charts on exchanges, are confused by the letters K, M, B, E, T. Today, I will clarify these common units of measurement.
The most basic is 1K, which stands for 1k. This should be familiar; in casual conversation, saying "my monthly salary is 3K" means 3k. In Taiwanese dollars, 1K is 1k TWD.
Next is 1M, which equals 1 million. This is very common on exchanges, for example, if a coin's market cap is 5M, that means 5 million USD.
Then is 1E, representing 100 million. 1E = 100 million, and this number starts to get quite large.
Above that is 1B, which equals 1 billion. B is an abbreviation for Billion, widely used in international finance.
The largest is 1T, representing 1 trillion. T is Trillion, a level of number usually only used for large projects or the entire market.
To summarize simply: 1K=1k, 1M=1 million, 1E=100 million, 1B=1 billion, 1T=1 trillion. Next time you see these units while viewing charts, you'll have a better understanding. Especially, knowing that 1K equals 1k TWD makes it easier to grasp. When checking market data on Gate, you'll often see these units used to label numbers. Mastering these basic concepts is quite helpful for beginners.