Details about 1X Short Bitcoin Token cryptocurrency
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https://ftx.com/tokens/HEDGE
1X Short Bitcoin Token price charts
HEDGE exchanges
1X Short Bitcoin Token, the crypto
1X Short Bitcoin Token (HEDGE) is a type of cryptocurrency that allows investors to gain exposure to short positions against Bitcoin. HEDGE tokens are ERC-20 tokens that are designed to represent a 1x short position in Bitcoin's price.
The point
The main point of 1X Short Bitcoin Token (HEDGE) is to give investors a way to profit from a declining Bitcoin price. By holding HEDGE tokens, investors can benefit from a decline in Bitcoin's price without needing to hold Bitcoin directly, which can be volatile and difficult to trade.
The problem
1X Short Bitcoin Token (HEDGE) tries to solve the problem of volatility and risk associated with holding Bitcoin. By allowing investors to gain exposure to a short position in Bitcoin's price, HEDGE tokens offer a way to hedge against declines in Bitcoin's price or to profit from market downturns.
Compare HEDGE and BTC performance
| Timeframe | HEDGE | BTC |
|---|---|---|
| 1h change | -0.304802 % | 0.0128614 % |
| 24h change | 10.86 % | 3.28956 % |
| 7 day change | -6.49 % | -8.3567 % |
| 14 day change | -0.61 % | -1.52273 % |
| 30 day change | -1.52 % | 4.84492 % |
| 200 day change | -84.16 % | 126.723 % |
| Year change | -89.87 % | 128.304 % |