3X Short Tezos Token price is $0.00000031
3X Short Tezos Token (XTZBEAR), like many leveraged tokens, experiences frequent price fluctuations. As of now, XTZBEAR's price has increased to $ 0.00000031 in the past 24 hours, reflecting a change of +0.00%. This kind of movement is typical for leveraged tokens due to their inherent volatility.
3X Short Tezos Token (XTZBEAR) is a leveraged token that aims to provide inverse exposure to Tezos (XTZ). Specifically, XTZBEAR seeks to yield thrice the opposite of the daily performance of Tezos. If Tezos increases in value by 1% over a day, XTZBEAR aims to decrease by 3%, and conversely, if Tezos drops by 1%, XTZBEAR should increase by about 3%. It is important to note that this performance is targeted on a daily basis and the compounding of returns over multiple days can lead to divergence in expected long-term performance due to the nature of leveraged trading.
The 3X Short Tezos Token was created by FTX, a cryptocurrency derivatives exchange. FTX is known for offering complex trading products like leveraged tokens, futures, options, and volatility products that attract both retail and institutional traders.
XTZBEAR operates as an ERC20 token on the Ethereum blockchain. Its value is driven by the use of financial derivatives and debt to amplify the daily inverse returns of Tezos. The token is rebalanced at the end of each trading day to maintain its target leverage. This process involves the adjustment of the underlying assets and positions to ensure that the token stays as close as possible to its -3x daily return goal.
The unique feature of the 3X Short Tezos Token is the fact that it offers traders the opportunity to gain leveraged exposure to the price movement of Tezos without the complexities that usually come with margin trading. XTZBEAR tokens can be bought and sold on the spot market, eliminating the need for a margin account or liquidation worries, although other risks, such as rebalancing and decay in value over time, still remain.
The value of XTZBEAR is determined by the performance of Tezos and the daily rebalancing mechanism that aims to maintain its -3x leverage. The token's price is also affected by overall market demand, sentiment, and underlying market dynamics of both the leveraged token market and the Tezos market.
The total supply of 3X Short Tezos Tokens is not capped and varies depending on market conditions. Leveraged tokens like XTZBEAR are often minted and redeemed based on demand, which means their supply can expand and contract significantly. However, the most up-to-date information regarding circulating and total supply can be found through the FTX website or through other cryptocurrency tracking services.
Leveraged trading is a strategy that allows traders to gain greater exposure to a market than the amount they have deposited. For instance, with a 3x leveraged short token like XTZBEAR, a trader gains three times the inverse exposure to the underlying asset's daily movements. While this can amplify gains, it also significantly increases the risk of losses, especially over longer periods.
3X Short Tezos Token can be purchased on various exchanges that support leveraged tokens, including FTX, the platform that created it. When looking to buy XTZBEAR, it's essential to ensure that you're using a reputable exchange and to be fully aware of the risks associated with trading leveraged products. Remember to never invest more than you can afford to lose, especially with leveraged tokens that can exhibit very high volatility.
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