Details about 3X Short Algorand Token cryptocurrency
3X Short Algorand Token
ALGOBEAR
Unknown for now
€0
1
Unknown
https://ftx.com/tokens/ALGOBEAR
3X Short Algorand Token price charts
ALGOBEAR exchanges
3X Short Algorand Token, the crypto
3X Short Algorand Token (ALGOBEAR) is a cryptocurrency token that is designed to provide traders with a way to profit from a decline in the value of the Algorand cryptocurrency. This is accomplished by providing investors with a leveraged short position in Algorand, which means that they are betting that the price of Algorand will fall.
The point
The main point of 3X Short Algorand Token (ALGOBEAR) is to provide traders with a way to profit from a decline in the value of the Algorand cryptocurrency. This is accomplished by providing investors with a leveraged short position in Algorand, which allows them to profit from falling prices.
The problem
3X Short Algorand Token (ALGOBEAR) is designed to solve the problem of how to profit from a decline in the value of the Algorand cryptocurrency. Traditional short selling requires a trader to borrow the asset they want to short, which can be difficult and expensive. By providing investors with a leveraged short position in Algorand, 3X Short Algorand Token (ALGOBEAR) makes it easier and more cost-effective to profit from falling prices.
Compare ALGOBEAR and BTC performance
| Timeframe | ALGOBEAR | BTC |
|---|---|---|
| 1h change | -0.10137 % | 0.719949 % |
| 24h change | 3.16 % | -3.20741 % |
| 7 day change | -60.59 % | -9.26132 % |
| 14 day change | 1.24 % | -5.61515 % |
| 30 day change | -62.31 % | -15.3674 % |
| 200 day change | -100 % | 112.704 % |
| Year change | -100 % | 111.748 % |