What is the meaning of 'est' in the context of cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  In the context of cryptocurrency, 'est' is an abbreviation for 'estimated'. It is often used to indicate an approximate value or calculation. For example, when discussing the price of a cryptocurrency, you might see 'est' followed by a number, which represents the estimated price. This can be helpful for traders and investors to get a sense of the potential value of a cryptocurrency without relying solely on exact figures. However, it's important to note that 'est' is not an official term or standard in the cryptocurrency industry, but rather a shorthand used in informal discussions and analysis.
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• Dec 17, 2021 · 3 years ago
  When it comes to cryptocurrency, 'est' stands for 'established'. It is used to refer to cryptocurrencies that have been around for a significant period of time and have established a strong presence in the market. These 'est' cryptocurrencies are often considered more stable and reliable compared to newer or less established ones. Investors and traders may prefer to invest in 'est' cryptocurrencies due to their track record and perceived lower risk. However, it's important to conduct thorough research and analysis before making any investment decisions, as even 'est' cryptocurrencies can be subject to volatility and market fluctuations.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that in the context of cryptocurrency, 'est' is short for 'estimated'. It is commonly used in price predictions and market analysis. Traders and investors often rely on estimated values to make informed decisions about buying or selling cryptocurrencies. However, it's important to remember that these estimates are based on various factors and can be subject to change. Therefore, it's crucial to stay updated with the latest market trends and news to make accurate estimations and minimize risks in cryptocurrency trading.
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