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1X Short Tezos Price (XTZHEDGE)
$92.96
0.92%
1X Short Tezos Price Chart (XTZHEDGE/USD)
Last updated 15 Jun 2022, 20:37PM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 FTX |
XTZHEDGE / USD | $65.03 | 1.11% | $15 |
XTZHEDGE Price Statistics
- 1X Short Tezos Price Now $93
- 24h Low / 24h High $90 / $93
- Trading Volume $31
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$1,317 -92.94%
Nov 06, 2020 -
All-Time Low
$42 123.16%
Oct 04, 2021
Introduction to 1X Short Tezos Cryptocurrency
What is 1X Short Tezos Cryptocurrency?
1X Short Tezos cryptocurrency is a financial instrument that allows investors to profit from a decrease in the value of Tezos (XTZ) token. It is designed for individuals who believe that the price of Tezos will fall and want to capitalize on that speculation.
By utilizing margin trading and various derivative instruments, 1X Short Tezos offers an opportunity for traders to potentially earn profits in a bearish market. It is essentially a way to short sell Tezos without actually owning the underlying asset.
How Does 1X Short Tezos Work?
When an investor purchases 1X Short Tezos, they are essentially buying a token that represents an inverse position in Tezos. So, if the price of Tezos falls by 1%, the value of the 1X Short Tezos token should increase by 1%. Conversely, if the price of Tezos increases by 1%, the value of 1X Short Tezos would decline by approximately 1%.
It is important to note that 1X Short Tezos is a short-term trading instrument and should not be considered a long-term investment strategy. Due to its nature, it is not suitable for all investors and carries inherent risks.
Benefits of 1X Short Tezos
1X Short Tezos can offer several benefits to traders and investors, including:
- Potential Profits in a Bear Market: If an investor correctly predicts that Tezos will decrease in value, they can profit from the declining market.
- Diversification: 1X Short Tezos provides an opportunity for investors to diversify their portfolio by including inverse positions in their trading strategy.
- Flexibility: Traders can enter and exit their positions quickly, allowing for more agility in taking advantage of market fluctuations.
- Margin Trading: 1X Short Tezos allows investors to effectively utilize margin trading, potentially magnifying their profits.
Risks of 1X Short Tezos
While 1X Short Tezos can be a potentially profitable investment strategy, it is crucial to understand the associated risks, which include:
- Volatility: Cryptocurrencies are known for their price volatility, and Tezos is no exception. Sudden price swings can result in significant gains or losses.
- Market Timing: Successfully shorting a cryptocurrency relies heavily on accurate timing and market predictions. Incorrect timing can lead to losses.
- Counterparty Risk: As with any investment, there is counterparty risk involved when trading 1X Short Tezos. It is important to choose reputable and reliable platforms or exchanges.
- Leverage Risks: Margin trading carries additional risks as it amplifies both gains and losses. It is crucial to understand the potential consequences of leveraging your investments.
In Conclusion
1X Short Tezos cryptocurrency offers traders and investors a way to profit from a decline in Tezos' value. By utilizing margin trading and inverse positions, individuals can potentially make profits during bearish market conditions. However, it is important to carefully consider the risks involved and conduct thorough research before engaging in 1X Short Tezos trading.