Details about 3X Short TRX Token cryptocurrency
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https://ftx.com/tokens/TRXBEAR
3X Short TRX Token price charts
TRXBEAR exchanges
3X Short TRX Token, the crypto
3X Short TRX Token (TRXBEAR) is a cryptocurrency token that aims to provide traders with leveraged inverse exposure to TRON (TRX) cryptocurrency with a 3x leverage factor. This means that if the price of TRX goes down by 1%, the price of TRXBEAR would go up by 3%, and vice versa.
The point
The main point of 3X Short TRX Token (TRXBEAR) is to allow traders to profit from an expected decline in the price of TRON (TRX) cryptocurrency without having to sell the TRX tokens they already own. By buying TRXBEAR tokens, traders can effectively "short" TRON (TRX) with a 3x leverage factor.
The problem
The problem that 3X Short TRX Token (TRXBEAR) tries to solve is the limited options available to traders who want to profit from a decline in the price of TRON (TRX) cryptocurrency. Until the introduction of 3X Short TRX Token (TRXBEAR), traders had to sell their TRX tokens to profit from a decline in price, which could be cumbersome and time-consuming. With TRXBEAR tokens, traders can take advantage of downward price movements in TRX without selling their TRX tokens.
Compare TRXBEAR and BTC performance
| Timeframe | TRXBEAR | BTC |
|---|---|---|
| 1h change | 2.02241 % | 0.757534 % |
| 24h change | 9.29 % | 3.78692 % |
| 7 day change | -55.79 % | -4.794 % |
| 14 day change | 21.11 % | -4.70093 % |
| 30 day change | -91.62 % | -3.61492 % |
| 200 day change | -100 % | 127 % |
| Year change | -100 % | 126.387 % |