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3X Short Stellar Price (XLMBEAR)
$0.0275119
12.42%
3X Short Stellar Price Chart (XLMBEAR/USD)
Last updated 22 Jun 2022, 09:11AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 FTX |
XLMBEAR / USD | $0.00891000 | 0.95% | $57 | |
| 2 |
 Poloniex |
XLMBEAR / USDT | $0.00040019 | 48.75% | $94 |
XLMBEAR Price Statistics
- 3X Short Stellar Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $144
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$13,747 -99.99%
Dec 23, 2020 -
All-Time Low
$0 107.17%
Mar 31, 2022
3X Short Stellar Cryptocurrency: A Brief Overview
Introduction
The 3X Short Stellar Cryptocurrency is a unique investment opportunity for traders looking to profit from the price movements of Stellar Lumens (XLM). This investment instrument is designed to provide investors with three times the inverse daily performance of XLM.
Understanding 3X Short Stellar Cryptocurrency
3X Short Stellar Cryptocurrency is a type of leveraged investment product known as an exchange-traded product (ETP). It aims to give traders the ability to magnify their returns by providing triple daily inverse performance exposure to XLM.
Stellar Lumens (XLM) is a popular cryptocurrency that operates on the Stellar blockchain. It is designed to enable fast, low-cost cross-border transactions and facilitate the creation of decentralized applications.
3X Short Stellar Cryptocurrency is specifically designed for sophisticated traders who have a thorough understanding of the risks associated with leveraged trading. It is not recommended for novice traders or individuals with a low-risk tolerance.
How Does 3X Short Stellar Cryptocurrency Work?
3X Short Stellar Cryptocurrency uses complex financial instruments, such as swaps and futures contracts, to achieve its investment objective. The value of the product is derived from the performance of the underlying asset, XLM.
If the daily performance of XLM is negative, the value of 3X Short Stellar Cryptocurrency will increase. Conversely, if XLM performs positively, the value of the investment will decrease. This inverse relationship allows traders to profit from falling prices of XLM.
It is important to note that 3X Short Stellar Cryptocurrency is designed for short-term trading purposes and should not be held as a long-term investment. The compounding effect of daily returns can lead to deviance from the expected performance over extended periods.
Risk Factors
As with any leveraged investment product, 3X Short Stellar Cryptocurrency carries certain risks that traders must be aware of. Some key risk factors include:
- High Volatility: Cryptocurrency markets are highly volatile, and the value of XLM can fluctuate significantly within short periods. This volatility can amplify the potential gains or losses of 3X Short Stellar Cryptocurrency.
- Leverage Risk: Leveraged trading magnifies both profits and losses. While traders have the potential to earn substantial returns in a falling market, they also risk significant losses if XLM performs positively.
- Tracking Error: The performance of 3X Short Stellar Cryptocurrency may deviate from the expected three times inverse exposure to XLM due to factors like fees, market conditions, and tracking errors.
- Market Risks: The overall market conditions, regulatory changes, and other unforeseen events can affect the value of 3X Short Stellar Cryptocurrency.
- Liquidity Risk: The liquidity of 3X Short Stellar Cryptocurrency may vary, potentially impacting the ability to buy or sell the investment at desired prices.
Conclusion
3X Short Stellar Cryptocurrency offers traders an opportunity to profit from the inverse performance of XLM. However, it is important to understand the risks associated with leveraged trading and be prepared for the high volatility of cryptocurrency markets. Traders considering this investment should conduct thorough research and consult with a financial advisor before making any decisions.