1X Short Chainlink Token (LINKHEDGE)
Details about 1X Short Chainlink Token cryptocurrency
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https://ftx.com/tokens/LINKHEDGE
1X Short Chainlink Token price charts
LINKHEDGE exchanges
1X Short Chainlink Token, the crypto
1X Short Chainlink Token (LINKHEDGE) is a cryptocurrency that allows investors to speculate on the short-term price movements of Chainlink (LINK) by providing exposure to an index that shorts the LINK token via perpetual swap contracts on margin trading platforms.
The point
The main point of 1X Short Chainlink Token (LINKHEDGE) is to provide a mechanism for investors to profit from short-term price movements in Chainlink (LINK) without actually owning the token. It is designed for traders who believe that the price of LINK will decrease in the short term and want to profit from this movement.
The problem
1X Short Chainlink Token (LINKHEDGE) aims to solve the problem of price volatility in Chainlink (LINK). By providing investors with a way to short the token, it allows them to profit from price declines, which can help mitigate losses during bear markets. Additionally, it enables traders to take advantage of short-term price fluctuations in the absence of a viable options market for LINK.
Compare LINKHEDGE and BTC performance
Timeframe | LINKHEDGE | BTC |
---|---|---|
1h change | 0 % | 0.540472 % |
24h change | 0 % | 1.35928 % |
7 day change | -15.72 % | 7.11285 % |
14 day change | -3.17 % | -1.59007 % |
30 day change | -37.75 % | 25.8729 % |
200 day change | -88.93 % | 172.53 % |
Year change | 0 % | 165.178 % |