Details about 3X Short VeChain Token cryptocurrency
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https://ftx.com/tokens/VETBEAR
3X Short VeChain Token price charts
VETBEAR exchanges
3X Short VeChain Token, the crypto
3X Short VeChain Token (VETBEAR) is a type of cryptocurrency that allows investors to make profits from the price fluctuations of VeChain (VET) without actually owning any VET coins. It is a leveraged token that seeks to return three times the inverse (-3x) of the daily price movements of VeChain.
The point
The main point of 3X Short VeChain Token (VETBEAR) is to provide investors with an opportunity to profit from the decline in the price of VeChain (VET) without actually selling their VET tokens. It allows traders to take a bearish position and potentially earn profits when VET prices fall.
The problem
3X Short VeChain Token (VETBEAR) aims to solve the problem of investors not having an effective way to hedge against declining prices of VeChain. By offering a leveraged token that provides inverse exposure to VET price movements, investors can potentially earn significant profits during market downturns.
Compare VETBEAR and BTC performance
| Timeframe | VETBEAR | BTC |
|---|---|---|
| 1h change | 2.60001 % | -0.146483 % |
| 24h change | -17.41 % | -1.56307 % |
| 7 day change | -46.99 % | -5.41983 % |
| 14 day change | -37.38 % | -4.08507 % |
| 30 day change | -98.51 % | -2.73892 % |
| 200 day change | -100 % | 127.896 % |
| Year change | 0 % | 128.17 % |