3X Short Cardano Token (ADABEAR)
Details about 3X Short Cardano Token cryptocurrency
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https://ftx.com/tokens/ADABEAR
3X Short Cardano Token price charts
ADABEAR exchanges
3X Short Cardano Token, the crypto
3X Short Cardano Token (ADABEAR) is a cryptocurrency investment tool that allows traders to bet against the price of Cardano (ADA) with a leverage of 3x. This means that if the price of ADA decreases by 1%, ADABEAR will increase by 3%.
The point
The main point of 3X Short Cardano Token (ADABEAR) is to allow traders to profit from the decline in the price of Cardano (ADA) without actually holding the asset. It provides traders with a leveraged and risk-managed way to short Cardano by utilizing blockchain technology.
The problem
3X Short Cardano Token (ADABEAR) tries to solve the problem of traders not being able to profit from a decline in the price of Cardano (ADA) without actually holding the asset. It provides traders with a way to short the asset via a leveraged investment tool while minimizing the risks associated with shorting. It also allows traders to easily and securely trade Cardano without the need for a centralized exchange.
Compare ADABEAR and BTC performance
| Timeframe | ADABEAR | BTC |
|---|---|---|
| 1h change | 1.03815 % | 0.107139 % |
| 24h change | 6.55 % | -1.59139 % |
| 7 day change | -45.85 % | -6.60678 % |
| 14 day change | -10.25 % | -2.77097 % |
| 30 day change | -47.45 % | -5.59896 % |
| 200 day change | -100 % | 133.206 % |
| Year change | -100 % | 116.775 % |