3X Short Ethereum Token (ETHBEAR)
Details about 3X Short Ethereum Token cryptocurrency
€0
16.174
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https://ftx.com/tokens/ETHBEAR
3X Short Ethereum Token price charts
ETHBEAR exchanges
3X Short Ethereum Token, the crypto
3X Short Ethereum Token (ETHBEAR) is a cryptocurrency that allows traders to take a short position on Ethereum, meaning they can profit if the price of Ethereum falls. Specifically, ETHBEAR is a leveraged token that is designed to return three times the daily inverse performance of Ethereum. This means that for every 1% drop in Ethereum's price, ETHBEAR will go up by 3%. However, it's important to note that because ETHBEAR is a leveraged token, it carries significant risk and is intended for experienced traders only.
The point
The main point of 3X Short Ethereum Token (ETHBEAR) is to give traders a way to profit from a decline in Ethereum's price. This can be useful for traders who believe that Ethereum is overvalued or in a bubble, or for those who simply want to hedge their long positions in Ethereum. ETHBEAR allows traders to take a short position on Ethereum without having to sell any actual Ethereum tokens, which can be more convenient and less risky than traditional short selling.
The problem
3X Short Ethereum Token (ETHBEAR) tries to solve the problem of traders who want to profit from a decline in Ethereum's price, but don't want to sell their Ethereum tokens. By allowing traders to take a short position on Ethereum through a leveraged token, ETHBEAR provides a way to profit from declines in Ethereum's price without having to sell any Ethereum. This can make it more convenient and less risky for traders who want to short Ethereum, and can also reduce the selling pressure on Ethereum in the event of a market downturn.
Compare ETHBEAR and BTC performance
Timeframe | ETHBEAR | BTC |
---|---|---|
1h change | -0.288172 % | -0.158584 % |
24h change | -5.52 % | 3.27017 % |
7 day change | -57.38 % | 9.29633 % |
14 day change | -58.05 % | 2.30959 % |
30 day change | -78.89 % | 24.6099 % |
200 day change | -99.99 % | 173.296 % |
Year change | -100 % | 160.06 % |