Details about 3X Short Bitcoin Token cryptocurrency
€0
26.652
Unknown
https://ftx.com/tokens/BEAR
3X Short Bitcoin Token price charts
BEAR exchanges
3X Short Bitcoin Token, the crypto
3X Short Bitcoin Token (BEAR) is a cryptocurrency token that provides traders with a way to profit from a decline in Bitcoin's value. The token is designed to track the opposite of Bitcoin's price movements, meaning that if Bitcoin's value goes down, the value of the token goes up.
The point
The main point of 3X Short Bitcoin Token (BEAR) is to allow traders to profit from a decline in Bitcoin's value. By buying the token, traders can essentially short Bitcoin without having to actually hold or sell the cryptocurrency.
The problem
3X Short Bitcoin Token (BEAR) tries to solve the problem of traders who want to profit from a decline in Bitcoin's value, but may not have the expertise or resources to execute a successful short position. By providing a simple and accessible way to short Bitcoin, the token makes it easier for traders to potentially profit from Bitcoin's volatility.
Compare BEAR and BTC performance
| Timeframe | BEAR | BTC |
|---|---|---|
| 1h change | 0.516855 % | -0.549765 % |
| 24h change | 5.2 % | -1.83904 % |
| 7 day change | -33.31 % | -5.42791 % |
| 14 day change | -3.11 % | -5.02398 % |
| 30 day change | -5.35 % | -3.47658 % |
| 200 day change | -99.87 % | 126.537 % |
| Year change | -99.97 % | 126.622 % |