Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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0.5X Long AscendEx price

0.5X Long AscendEx Price (ASDHALF)

$12,790.68

0.00%
Rank #10689

0.5X Long AscendEx Price Chart (ASDHALF/USD)

Last updated 22 Jun 2022, 09:11AM UTC. Currency in USD.

Market Cap
$0
Volume (24h)
$9
Change
0.00%
Circulating Supply
0
All Time High
$32,367
Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 FTX ASDHALF / USD $11,491.00 1.46% $16

ASDHALF Price Statistics

$0
24H Range
$0
  • 0.5X Long AscendEx Price Now $12,791
  • 24h Low / 24h High $0 / $0
  • Trading Volume $9
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $32,367 -60.48%
    Jan 29, 2022
  • All-Time Low $100 93.65%
    Nov 04, 2020
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0.5X Long AscendEx Cryptocurrency

Introduction

0.5X Long AscendEx cryptocurrency is a digital asset designed to track the 0.5 times the daily price movement of AscendEx, a popular cryptocurrency exchange. It provides investors with an opportunity to gain leveraged exposure to AscendEx without actually owning the asset.

What is AscendEx?

AscendEx is a leading cryptocurrency exchange known for its robust trading platform and wide array of digital assets. It offers a secure and user-friendly environment for trading various cryptocurrencies, including Bitcoin, Ethereum, Ripple, and more. AscendEx has gained popularity due to its extensive features, liquidity, and competitive fees.

Understanding 0.5X Long AscendEx

0.5X Long AscendEx is classified as a leveraged token. It essentially allows investors to achieve amplified exposure to AscendEx without needing to directly buy or store the asset. The token's value is closely tied to the performance of AscendEx, replicating approximately 0.5 times the daily price movement.

For instance, if AscendEx experiences a 10% increase in its value in a day, the 0.5X Long AscendEx cryptocurrency would aim to provide a 5% increase. Similarly, if AscendEx drops by 5%, the token would target a loss of 2.5%.

It is important to note that 0.5X Long AscendEx is specifically designed for short-term trading, typically on a daily basis. It is not recommended for long-term investment purposes due to potential complications arising from volatility and decay.

Benefits of 0.5X Long AscendEx

Investors interested in trading AscendEx can benefit from 0.5X Long AscendEx in several ways:

  1. Leverage: The token provides leverage, allowing investors to achieve amplified returns or losses compared to direct trading.
  2. Convenience: It eliminates the need for investors to go through the process of purchasing or securely storing AscendEx. Trading can be done directly with the token.
  3. Liquidity: 0.5X Long AscendEx is traded on various platforms, providing liquidity for investors. This means that large volumes of the token can be bought or sold relatively easily.

Risks

While 0.5X Long AscendEx offers unique trading opportunities, it is important to consider the associated risks:

  1. Volatility: The token's performance is directly linked to AscendEx, which can be subject to significant price swings. Consequently, investment value can fluctuate greatly.
  2. Tracking Error: Due to factors like fees and market movements, the token may not perfectly track the intended 0.5 times leverage. This is known as tracking error.
  3. Decay: Leveraged tokens are primarily designed for short-term trading. Over time, the compounding of daily returns can lead to a decay in value, making them unsuitable for long-term investment strategies.