1X Short Cardano price is $9.66
1X Short Cardano (ADAHEDGE) has increased +0.00% in the last 24 hours, with its price currently sitting at $ 9.66.
1X Short Cardano is a financial instrument known as a short or inverse token. It's designed to inversely track the daily price movements of Cardano's native cryptocurrency, ADA. When the price of ADA decreases, the value of ADAHEDGE is intended to increase proportionally, and vice versa.
1X Short Cardano works by using a variety of cryptocurrency derivatives, like futures and swaps, to achieve the goal of inverse price movement relative to Cardano's ADA. This means that if ADA's price falls by 1% in a day, ADAHEDGE would aim to increase by 1%, not accounting for fees or other factors that may lead to tracking errors.
Investors who believe that the price of Cardano (ADA) will decrease might be interested in 1X Short Cardano. This financial product allows them to potentially profit from ADA price downturns without having to actually short sell ADA tokens.
The market performance of ADAHEDGE can be quite volatile, as it is directly tied to the inverse of ADA's price movements. Its market cap is not static and will change with its trading volume and the price changes of ADA.
Like any short or inverse product, ADAHEDGE carries its own set of risks. These include tracking errors, changes in the derivative market, and the possibility of significant losses if ADA's price moves in the opposite direction of what an investor might anticipate.
1X Short Cardano can be traded on cryptocurrency exchanges that offer inverse tokens or synthetic assets. As it is a niche product, the availability may vary, and it's essential to trade on reputable platforms.
An investor interested in ADAHEDGE should closely monitor the price of Cardano (ADA) because ADAHEDGE is designed to move inversely. By understanding the leverage mechanism and keeping up with ADA's market trends, an investor can have an insight into potential losses or gains with ADAHEDGE. However, past performance is not an indicator of future results.
Please remember, the information provided here is not investment advice and is for informational purposes only. Trading inverse tokens is a complex and high-risk activity that may not be suitable for all investors.
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