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3X Long Bitcoin Cash Token Price (BCHBULL)
$0.00000923
12.00%
Rank #10669
3X Long Bitcoin Cash Token Price Chart (BCHBULL/USD)
Last updated 22 Jun 2022, 09:11AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 FTX |
BCHBULL / USD | $0.00000366 | 1.69% | $163 | |
| 2 |
 Poloniex |
BCHBULL / USDT | $0.00000199 | 49.75% | $105 | |
| 3 |
FTX |
BCHBULL / USDT | $0.00000353 | 1.13% | $52 | |
| 4 |
 Bittrex |
BCHBULL / USDT | $0.00000384 | 1.56% | $0 |
BCHBULL Price Statistics
$0
24H Range
$0
- 3X Long Bitcoin Cash Token Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $3,295
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$655 -99.99%
Feb 14, 2020 -
All-Time Low
$0 8.49%
Jun 18, 2022
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Introduction to 3X Long Bitcoin Cash Token Cryptocurrency
What is the 3X Long Bitcoin Cash Token?The Basics of 3X Long Bitcoin Cash Token Cryptocurrency
The 3X Long Bitcoin Cash Token (BCHBULL) is a type of cryptocurrency that provides triple exposure to the price movements of Bitcoin Cash (BCH), which is itself a popular form of digital currency. This token is designed to allow investors to amplify their gains or losses based on the price fluctuations of Bitcoin Cash.Understanding How it Works
By leveraging a cryptocurrency margin trading technique known as "margin trading with leverage," the 3X Long Bitcoin Cash Token aims to provide users with three times the return of Bitcoin Cash's price movement. For example, if Bitcoin Cash's price increases by 5% in a day, the 3X Long Bitcoin Cash Token aims to increase by 15% that same day.However, it is essential to note that this token is not without risks. While it offers the potential for greater profits, it also exposes investors to three times the losses. Therefore, individuals interested in investing in the 3X Long Bitcoin Cash Token should carefully consider their risk tolerance and investment goals before entering the market.
Benefits and Drawbacks
One of the main advantages of the 3X Long Bitcoin Cash Token is the potential for enhanced returns. By amplifying the price movements of Bitcoin Cash, investors can maximize their gains in a shorter period. Additionally, this token allows traders to speculate on the future price of Bitcoin Cash without actually owning the underlying asset.On the other hand, the drawbacks of this token lie in its inherent risks. Due to the higher leverage involved, even small price movements in Bitcoin Cash can result in significant losses for token holders. Furthermore, the volatility of the cryptocurrency market as a whole can lead to unpredictable price fluctuations, making it challenging to accurately predict the cryptocurrency's future performance.