Details about 3X Short Stellar Token cryptocurrency
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https://ftx.com/trade/XLMBEAR/USD
3X Short Stellar Token price charts
XLMBEAR exchanges
3X Short Stellar Token, the crypto
3X Short Stellar Token (XLMBEAR) is a cryptocurrency token that tracks the value of 3 times the inverse (-3x) of the daily performance of Stellar (XLM) cryptocurrency. It's designed for investors who expect the price of Stellar to fall and want to take advantage of that market trend.
The point
The main point of 3X Short Stellar Token (XLMBEAR) is to provide traders and investors with a way to profit from the decreasing value of Stellar without having to sell their Stellar tokens. The token is traded on cryptocurrency exchanges and can be bought or sold like any other cryptocurrency. It's a way for investors to hedge against the risk of price declines in Stellar.
The problem
3X Short Stellar Token (XLMBEAR) was created to address the needs of traders and investors who want to short Stellar but don't want to deal with the hassles of selling their Stellar holdings. By using XLMBEAR, investors can obtain the same profit potential from a price decline in Stellar without going through the complexities and risks of short selling on traditional financial markets.
Compare XLMBEAR and BTC performance
| Timeframe | XLMBEAR | BTC |
|---|---|---|
| 1h change | 1.10942 % | 0.2369 % |
| 24h change | 3.14 % | 4.23053 % |
| 7 day change | -51.68 % | -8.99824 % |
| 14 day change | 13.34 % | -5.57204 % |
| 30 day change | -76.78 % | 1.13445 % |
| 200 day change | 0 % | 132.592 % |
| Year change | 0 % | 116.788 % |