3X Short XRP Token (XRPBEAR)
Details about 3X Short XRP Token cryptocurrency
€0
20.484
Unknown
https://ftx.com/tokens/XRPBEAR
3X Short XRP Token price charts
XRPBEAR exchanges
3X Short XRP Token, the crypto
3X Short XRP Token (XRPBEAR) is a cryptocurrency that aims to provide its users with three times the inverse (-3x) daily return of XRP. In simpler terms, if the value of XRP falls, the value of XRPBEAR rises. This makes it an attractive option for traders who want to make a profit from market downturns.
The point
The primary purpose of 3X Short XRP Token (XRPBEAR) is to provide traders with a way to profit from a decline in the value of XRP. By offering three times the inverse daily return of XRP, XRPBEAR allows traders to take advantage of downward market trends.
The problem
3X Short XRP Token (XRPBEAR) tries to solve the problem of traders not having a way to profit from a decline in the value of XRP. In traditional markets, traders have the option to "short" an asset, allowing them to profit from downward market trends. XRPBEAR provides this same functionality in the cryptocurrency market by offering three times the inverse daily return of XRP.
Compare XRPBEAR and BTC performance
Timeframe | XRPBEAR | BTC |
---|---|---|
1h change | 16.0146 % | 0.540472 % |
24h change | 0.62 % | 1.35928 % |
7 day change | -78.62 % | 7.11285 % |
14 day change | -58.27 % | -1.59007 % |
30 day change | -99.3 % | 25.8729 % |
200 day change | -100 % | 172.53 % |
Year change | -100 % | 165.178 % |