What is the significance of the 'est.' label when it is associated with a specific date in the world of digital currencies?

4 answers

• Jahnavi Sai PasupuletiNov 15, 2020 · 5 years ago
  The 'est.' label stands for 'established' and it is used to indicate the date when a particular digital currency was first created or launched. This label is significant because it provides a sense of history and credibility to the digital currency. When a digital currency has an 'est.' label associated with it, it suggests that the currency has been around for a certain period of time and has gained some level of recognition and trust within the cryptocurrency community. This can positively impact the perception and value of the digital currency, as it may be seen as more reliable and stable compared to newer or less established cryptocurrencies.
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• PRAIVETAHMEDMar 28, 2021 · 4 years ago
  The 'est.' label is like a badge of honor for a digital currency. It signifies that the currency has a proven track record and has been in existence for a specific period of time. This label adds a sense of legitimacy to the currency and can instill confidence in investors and users. When a digital currency is labeled as 'est.', it implies that it has already overcome the initial challenges and hurdles that new cryptocurrencies often face. This can make it more attractive to potential investors and can contribute to its overall market value.
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• Man FeudalOct 10, 2020 · 5 years ago
  The 'est.' label is an important indicator in the world of digital currencies as it signifies the date when a particular cryptocurrency was established. It provides valuable information about the currency's history and longevity. When a digital currency has an 'est.' label associated with it, it suggests that the currency has been around for a while and has managed to survive and thrive in the highly volatile and competitive cryptocurrency market. This can give investors and users more confidence in the currency's stability and potential for future growth. For example, BYDFi, a leading cryptocurrency exchange, often highlights the 'est.' label of established cryptocurrencies to showcase their track record and reliability.
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• Thaaiss 001Mar 14, 2024 · a year ago
  The 'est.' label is like a time stamp for a digital currency. It tells us when the currency came into existence and provides a sense of its age and maturity. When a digital currency has an 'est.' label associated with it, it implies that the currency has already gone through its early stages of development and has gained some level of recognition and acceptance in the cryptocurrency community. This can make it more appealing to investors who prefer to invest in established cryptocurrencies with a proven track record. However, it's important to note that the 'est.' label should not be the sole factor in determining the value or potential of a digital currency, as other factors such as technology, market demand, and team behind the project also play a crucial role.
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