Details about 3X Short BiLira Token cryptocurrency
3X Short BiLira Token
TRYBBEAR
Unknown for now
€0
1
Unknown
https://ftx.com/tokens/TRYBBEAR
3X Short BiLira Token price charts
TRYBBEAR exchanges
3X Short BiLira Token, the crypto
3X Short BiLira Token (TRYBBEAR) is a cryptocurrency that allows traders to bet against the value of the BiLira token, which is pegged to the Turkish lira. As a "short" token, TRYBBEAR increases in value as the value of BiLira decreases, allowing traders to make a profit in a bear market.
The point
The main point of 3X Short BiLira Token (TRYBBEAR) is to provide traders with a way to profit from a downtrend in the value of the BiLira token. By leveraging a 3X multiplier, traders can amplify their profits from short selling the BiLira token without having to borrow or sell the token itself.
The problem
3X Short BiLira Token (TRYBBEAR) tries to solve the problem of being unable to profit from a bear market in the BiLira token. Without a short token, traders would have to hold onto their BiLira tokens during a downtrend or sell them at a loss. With TRYBBEAR, traders can profit from a bear market without having to sell or borrow BiLira tokens.
Compare TRYBBEAR and BTC performance
Timeframe | TRYBBEAR | BTC |
---|---|---|
1h change | 0 % | 1.00456 % |
24h change | 6.66 % | 0.313361 % |
7 day change | -4.35 % | 4.77707 % |
14 day change | 1.07 % | -8.09825 % |
30 day change | -2.76 % | -7.22448 % |
200 day change | -57.21 % | 127.217 % |
Year change | -63.2 % | 133.126 % |