3X Short Matic Token (MATICBEAR)
Details about 3X Short Matic Token cryptocurrency
3X Short Matic Token
MATICBEAR
Unknown for now
€0
0
Unknown
https://ftx.com/tokens/MATICBEAR
3X Short Matic Token price charts
MATICBEAR exchanges
3X Short Matic Token, the crypto
3X Short Matic Token (MATICBEAR) is a leveraged token that allows traders to take a short position on the Polygon (MATIC) cryptocurrency, aiming to profit from its decline in price. The token operates by using margin trading, allowing traders to access higher leverage than they would have in a traditional market. As a result, returns are magnified, but so are potential losses.
The point
The main point of 3X Short Matic Token (MATICBEAR) is to provide traders with a short position on the Polygon (MATIC) cryptocurrency, allowing them to profit from its decline in price. The token operates by using margin trading, which provides traders with higher leverage than they would have in traditional markets. As a result, returns are magnified, and potential losses are increased as well.
The problem
3X Short Matic Token (MATICBEAR) doesn't necessarily aim to solve any particular problem, but rather to provide traders with a leveraged short position on the Polygon (MATIC) cryptocurrency. This allows traders to potentially profit from the decline in price of MATIC without having to sell their holdings, which may be beneficial for those who believe that MATIC is overvalued and are looking to capitalize on its dip in price without selling their tokens. However, the use of leverage and margin trading carries a high degree of risk and is not suitable for all traders.
Compare MATICBEAR and BTC performance
Timeframe | MATICBEAR | BTC |
---|---|---|
1h change | 0 % | 0.540472 % |
24h change | 0 % | 1.35928 % |
7 day change | 0 % | 7.11285 % |
14 day change | 0 % | -1.59007 % |
30 day change | 0 % | 25.8729 % |
200 day change | -100 % | 172.53 % |
Year change | -100 % | 165.178 % |