Details about 3X Short BNB Token cryptocurrency
3X Short BNB Token
BNBBEAR
Unknown for now
€0
1
Unknown
https://ftx.com/tokens/BNBBEAR
3X Short BNB Token price charts
BNBBEAR exchanges
3X Short BNB Token, the crypto
3X Short BNB Token (BNBBEAR) is a leveraged token that aims to provide traders with a way to make profits during the bear market movement of the Binance Coin (BNB). BNBBEAR amplifies the negative price movement of BNB by three times, meaning that it will increase by three times if BNB's price decreases by 1%. Similarly, if BNB's price increases, BNBBEAR will decrease by three times.
The point
The main point of 3X Short BNB Token (BNBBEAR) is to provide traders with a way to make profits during a bear market. By amplifying the negative price movement of BNB, traders can make a profit even if the BNB's price is decreasing.
The problem
3X Short BNB Token (BNBBEAR) tries to solve the problem of traders losing money during the bear market. During a bear market, most cryptocurrencies, including BNB, decrease in price, causing traders to lose money. With BNBBEAR, traders can make a profit even in a bear market by amplifying the negative movement of BNB.
Compare BNBBEAR and BTC performance
Timeframe | BNBBEAR | BTC |
---|---|---|
1h change | -0.00220816 % | -0.113414 % |
24h change | 5.4 % | 0.280879 % |
7 day change | -49.13 % | -1.26201 % |
14 day change | -58.41 % | -9.72239 % |
30 day change | -92.65 % | -7.76318 % |
200 day change | -100 % | 126.331 % |
Year change | -100 % | 132.257 % |