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Coin worth US$0.00004893 highlights crypto's wild decimal frontier

Bloomberg
Bloomberg11/21/2021 10:32 PM GMT+08  • 6 min read
Coin worth US$0.00004893 highlights crypto's wild decimal frontier
"Retail investors are ploughing money into them because they look cheap."
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When it comes to decimal places, cryptocurrencies are treading into bizarre territory that other markets have never dared -- or bothered, really -- to go before.

Shiba Inu cost just US$0.00004893 or so each on Friday afternoon, while Dogecoin fetched less than 1 cent early this year. A Bitcoin can be sliced into a satoshi, which is this much of the coin: 0.00000001. Then there’s the weirdest of all: the wei. That’s one quintillionth of an Ether, or 0.000000000000000001.

The likely explanations for this are a mix of understandable and befuddling.

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