What are the "K" and "M" meanings in coin/token "24h change" columns?
I thought this could be respectively Thousand and millions but after a small math exercise, I found that inaccurate, and here is why.
Let's consider this image as an example
The observed percentage gain of 5.80M% (5,800,000%) shown in the app does not align with the actual price change from 0.7570 to 2.778.
Let’s Break Down the Calculations
1. Given Data:
Initial Price (IP) = 0.7570
New Price (NP) = 2.778
Displayed Percentage Gain (x) = 5,800,000%
2. Calculate New Price Based on 5.8M% Increase:
If the app's displayed gain of 5.8 million percent were correct, the calculation would be:
{New Price} = {Initial Price} * (1 + {5,800,000/100}) = 0.7570 * 58000 = 4391.357
3. Calculate the Actual Percentage Gain:
Using your formula to find the correct percentage increase based on the actual price change:
x = {({New Price} - {Initial Price})}/{{Initial Price}} * 100
x = {(2.778 - 0.7570)}/{0.7570} * 100 = 266.97%
👽 Possible Explanation for the Discrepancy
This discrepancy suggests a potential bug or error in the app's percentage calculation. The displayed gain (5.80M%) was likely miscalculated due to:
👉 A data processing issue on the app's backend.
👉 A display glitch where the app misinterpreted data and erroneously presented an inflated percentage.