3X Short Cosmos Token price is $0.00000001
The price of 3X Short Cosmos Token (ATOMBEAR) increased +0.00% over the past 24 hours. With market fluctuations being commonplace in the cryptocurrency sphere, checking the live price for the most up-to-date information is recommended.
3X Short Cosmos Token (ATOMBEAR) is a leveraged token that aims to offer returns that correspond to three times the inverse (-3x) of the daily return of Cosmos (ATOM). For example, if Cosmos (ATOM) decreases by 1% on a given day, the 3X Short Cosmos Token (ATOMBEAR) is designed to theoretically increase by 3%, before fees and expenses.
These tokens are meant for short-term trades and are typically used by traders who wish to hedge or speculate on price movements without having to manage complicated futures contracts. However, due to the leveraged nature and rebalancing events, they are highly risky and can lead to significant losses, especially over longer holding periods.
3X Short Cosmos Token (ATOMBEAR) is a product offered by FTX Exchange. FTX is known for creating and listing various leveraged tokens that provide amplified exposure to various cryptocurrency assets. These tokens fall under the broader category of financial derivatives.
The 3X Short Cosmos Token (ATOMBEAR) works by using a combination of Cosmos futures contracts and borrowing in order to achieve the desired level of exposure to the Cosmos asset price movement. When the price of Cosmos decreases, the value of ATOMBEAR is algorithmically managed to increase by approximately three times the percentage of that decrease, minus any fees and expenses.
3X Short Cosmos Token is unique because it offers a significant level of leverage without the need for a margin account or directly trading futures or options. By simply holding ATOMBEAR, investors gain exposure to short positions which can be easier to manage. However, this comes with increased volatility and the potential for rapid losses.
The supply of 3X Short Cosmos Token (ATOMBEAR) can vary significantly because it is rebalanced daily to maintain its 3x inverse leverage ratio. The circulating supply can change based on market demand and the rebalancing mechanisms in place to achieve the target leverage.
You can buy 3X Short Cosmos Token (ATOMBEAR) on FTX Exchange, the platform that listed and offers this leveraged token. It is important to note that trading leveraged tokens like ATOMBEAR requires a good understanding of the markets and the associated risks. Always research and consider the volatility and complexities associated with leveraged derivatives before trading.
Hubii Network
Tasty Token
Paybswap
Bitflate
Crypto Perx
La Casa De Papel
RealT Token - 15777 Ardmore St, Detroit, MI 48227
MMACoin
TerraUSD
Stellar
VeChain
Ethereum Name Service
Filecoin
Aave
Cosmos
cETH
Omni Network
Parcl
Pepy coin
ZionWallet
degwefhat
Tombili the Fat Cat
ATC Launchpad
Crypto Valleys YIELD Token
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
