3X Long Huobi Token Token price is $0.09493900
The price of 3X Long Huobi Token Token (HTBULL) has increased recently, with its current price standing at $ 0.09493900. Over the past 24 hours, the price has seen a change of +0.00%%.
3X Long Huobi Token Token (HTBULL) is a financial instrument known as a leveraged token. These types of tokens are designed to amplify the daily returns of an underlying asset, in this case, the Huobi Token (HT). HTBULL aims to offer returns that are three times the daily return of the Huobi Token. This means that if Huobi Token were to increase in value by 1% over a day, HTBULL would theoretically increase by 3%, and vice versa for decreases in value. These tokens are created for short-term trading strategies, as the compounding effect can lead to divergence in performance over longer periods.
HTBULL operates as an ERC20 token on the Ethereum blockchain, which means it is compatible with all ERC20-supporting wallets and services. The token is structured to track three times the daily return of the Huobi Token through the use of financial derivatives, such as futures contracts and swaps, which are managed by the issuing platform. Due to its leveraged nature, HTBULL is more volatile than a direct investment in Huobi Token itself and is primarily suited for experienced traders who understand the risks of leveraged trading.
3X Long Huobi Token Token is offered through the FTX trading platform, known for a wide range of financial products related to cryptocurrencies. FTX has created several leveraged tokens similar to HTBULL, allowing traders to execute complex strategies without having to manage collateral, margin, liquidation prices, or other intricate aspects of leveraged trading.
The primary benefit of trading HTBULL is the amplified returns on Huobi Token's daily movements. For traders with a strong conviction on the short-term price action of Huobi Token, HTBULL offers the potential for magnified profits. However, the risks include amplified losses and decay in value over time due to the daily rebalancing, especially during periods of high volatility or when the market moves in the opposite direction of the leveraged position.
HTBULL is different from traditional leveraged financial products in that it is tokenized and trades on cryptocurrency exchanges. Traditional leveraged products typically involve borrowing and can entail complex margin requirements and the risk of liquidation. HTBULL, as an ERC20 token, abstracts away these complexities and allows traders to simply buy or sell the token as they would any other cryptocurrency.
The market capitalization of 3X Long Huobi Token Token (HTBULL) is currently $ , putting it at rank #1 in the cryptocurrency market.
The supply of HTBULL is dynamic and can increase or decrease depending on market conditions and the demand for the token. The issuer adjusts the supply based on the performance of the token to maintain the intended leverage ratio.
HTBULL can be purchased on various exchanges, including . Interested buyers should ensure that they understand leveraged tokens and the associated risks before purchasing HTBULL. It's also important to use a reliable and secure exchange when dealing with leveraged financial products.
Ethereum
JokInTheBox
Puppy
Smart AI
Predict Crypto
Kakaxa
Nerds
Juice
Ura
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
