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The live Million price today is $2.25 USD with a 24-hour trading volume of $31,240.45 USD. The current CoinMarketCap ranking is #4361, with a live market cap of not available. In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
Within finance and accounting, we often find something quite different. For example, a thousand is often abbreviated as , a million is abbreviated as , and a billion is abbreviated as or . Outside of finance and accounting, it is common to find the value of a thousand abbreviated as , the value of a million abbreviated as , and the https://www.bookstime.com/ value of a billion abbreviated as . Professionalleadershipinstitute.com needs to review the security of your connection before proceeding. This cannot be argued–there is no “maybe this” or “maybe that”. Was wrong in saying that my explanation, or the use of “mm” to represent “million”, somehow doesn’t jive with the SI system.
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In the general environment of municipal government, for dollars we use K for thousands, M for millions and B for billions. I’ve been revising presentations for US financial-services CFOs and other senior managers for twenty years, and they have all used M for million, not thousand; I’ve never seen MM.
- The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.
- Anyways, the implication that my logic somehow defies the SI is wrong.
- The live Million price today is $2.25 USD with a 24-hour trading volume of $31,240.45 USD.
- I didn’t question the use of MM to mean million, M to mean thousand, in the finance industry.
- This calculation shows how much cryptocurrency can cost if we assume that their capitalization will behave like the capitalization of some Internet companies or technological niches.
- In fact, it’s one of our most frequently asked questions.
Regardless of the differences between a symbol and an abbreviation, “million” is not a unit of measurement. It’s a number…and therefore has nothing to do with the SI. So a response to the original question has to take into account, what does mm mean not unnaturally, the context. Several earlier posts have made this point (#6, 8, 17). M is one of the standard prefixes in the SI system of units. It is used in many contexts and is familiar in specialist and lay contexts.
MM Daily Performance
This was helped by making headlines in crypto news outlets and discussions on Twitter. Million calls itself a “Decentralized Digital Currency for Millionaires by Millionaires.” Its founder called it a social experiment because it supposedly has limited downside with unlimited upside. Million has been launched with a fixed limited supply of one million tokens. According to its founder, it is pegged to USDC in the sense that it can never be worth less than 1 USDC. But unlike traditional stablecoins, Million can be worth more and has no upside limit. The Notation MM for representing Millions is becoming less common as it creates confusion between the representation of M and MM, whereas the M denotes the Thousand.
While its founder TechLead prefers to call it a social experiment and an opportunity, others have opined it to be a scam. The fact that TechLead has a massive following of people initially pushed the price of Million up significantly.
Million Price Chart (MM/USD)
CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. It has a circulating supply of 1 Million MM coins and a total supply of 1 Million. If you are looking to buy or sell Million, Quickswap is currently the most active exchange. Ethereum has the strongest developer network of all blockchains and is widely regarded as one of the most secure blockchain with smart contracts. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
As a young banker in the mid-80s, I learned what had been taught for many decades before, that we abbreviate thousands in our analysis with the letter M. If we wanted to denote millions, we would show that as MM. M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million.
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