0.5X Long Swipe price is $5,588.20
As of the latest data, 0.5X Long Swipe (SXPHALF) has increased in price. The current price is $$ 5,588.20, representing a change of +0.00% over the past 24 hours. It's important to monitor this metric since cryptocurrency prices can be quite volatile.
0.5X Long Swipe (SXPHALF) is a derivative product associated with the Swipe ecosystem. It represents a leveraged token designed to offer the returns of Swipe (SXP) multiplied by a factor of 0.5X. This implies that it seeks to provide half of the percentage return of Swipe, allowing investors to engage with the market differently compared to holding the underlying asset directly.
The creator or team behind 0.5X Long Swipe is not separately distinguished as this financial instrument is tied to the Swipe platform. It is part of a broader set of financial products that come with leveraged exposure to various cryptocurrencies.
0.5X Long Swipe works as a leveraged token, which means it offers the potential for increased exposure to the price movements of the native Swipe (SXP) token. However, with a leverage factor of 0.5X, it actually offers reduced exposure compared to directly investing in SXP. When the price of Swipe goes up or down, the price of SXPHALF is designed to move by 0.5X that amount in the same direction.
0.5X Long Swipe's uniqueness comes from its leverage ratio, which is less than 1. Unlike typical leveraged products, which amplify gains and losses, 0.5X Long Swipe aims to mitigate the extent of price fluctuations, making it a unique tool for those looking for lesser volatility compared to holding the underlying token itself.
Since 0.5X Long Swipe is a derivative product, its security largely depends on the underlying platform and infrastructure that supports Swipe (SXP) and the exchanges where SXPHALF is traded. Ensuring the token remains secure involves robust security practices at the exchange level and also on the user’s part in managing their investment.
The circulating supply of 0.5X Long Swipe (SXPHALF) is , while the details concerning the total supply are not typically specified as leveraged tokens often have a dynamic supply, adjusted according to market conditions and the level of usage.
As a leveraged token, 0.5X Long Swipe provides a hedged exposure to Swipe’s price movements, potentially making it suitable for more conservative strategies that desire some exposure to the cryptocurrency market without the full volatility.
0.5X Long Swipe’s price is typically calculated based on the underlying class of decentralized oracles or price feeds that track SXP's market price and adjust SXPHALF accordingly, factoring in the 0.5X leverage. It is constantly updated to reflect any price changes in the underlying asset.
0.5X Long Swipe (SXPHALF) can be purchased on various where it is listed. To buy SXPHALF, an investor would need to have an account on one of these exchanges, and it’s essential to ensure they're using reputable platforms to minimize risks.
Keeping your 0.5X Long Swipe safe involves securing your investments on the trading platforms and wallets you use. It's recommended to use strong, unique passwords, enable two-factor authentication (2FA), and be vigilant against phishing attempts and scams. Additionally, using hardware wallets for large holdings can offer extra security.
Remember that while I have provided you with the current information available about 0.5X Long Swipe (SXPHALF), the cryptocurrency market is highly volatile and the status of financial products can change. Always do your own research before making any financial decisions.
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