Details about 1X Short Ethereum Token cryptocurrency
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https://ftx.com/tokens/ETHHEDGE
1X Short Ethereum Token price charts
ETHHEDGE exchanges
1X Short Ethereum Token, the crypto
1X Short Ethereum Token (ETHHEDGE) is a cryptocurrency that is designed to provide traders with a way to short Ethereum. The token can be traded on various cryptocurrency exchanges and is backed by hedging assets that provide a return to investors.
The point
The main point of 1X Short Ethereum Token (ETHHEDGE) is to allow traders to profit from a decline in the price of Ethereum. By shorting Ethereum using the token, traders can make gains from downward price movements without having to hold the underlying asset.
The problem
1X Short Ethereum Token (ETHHEDGE) tries to solve the problem of how to profit from a decline in the price of Ethereum without holding the asset. It provides traders with a way to short Ethereum using a cryptocurrency token that is backed by hedging assets, which provides a return to investors.
Compare ETHHEDGE and BTC performance
| Timeframe | ETHHEDGE | BTC |
|---|---|---|
| 1h change | 0.48034 % | -0.0939119 % |
| 24h change | -2.18 % | -0.776944 % |
| 7 day change | -15.92 % | -0.423738 % |
| 14 day change | -26.44 % | -5.27242 % |
| 30 day change | -36.46 % | -7.24073 % |
| 200 day change | -91.48 % | 128.555 % |
| Year change | -96.59 % | 132.267 % |