3X Short Maker price is $0.00000256
The price of 3X Short Maker (MKRBEAR) has increased by +0.00% in the last 24 hours, currently standing at $ 0.00000256.
3X Short Maker (MKRBEAR) is a leveraged token that aims to provide the inverse performance of Maker (MKR) times three. It is part of a category of financial instruments known as leveraged and inverse tokens, which allow traders to bet on the decline of an underlying asset with amplified returns or losses.
3X Short Maker works by creating a short position against Maker (MKR) using leverage. The leverage means that for every 1% decrease in the price of MKR, the value of MKRBEAR should theoretically increase by 3%, before fees and other costs. It's important for traders to understand that these tokens are intended for short-term trading, as their value can differ from the underlying performance if held for longer periods, due to the effects of compounding.
What makes 3X Short Maker unique is its ability to provide a 3x inverse leveraged exposure to Maker. This can be particularly interesting to speculative traders and those looking to hedge their positions in the MKR market. It's also important to note that leveraged tokens like MKRBEAR can offer such exposure without the need for a margin account.
3X Short Maker is typically created by specialized financial entities experienced with derivative products. The exact team or company behind MKRBEAR may vary, and is specific to the product at hand, often being tied to the exchange or platform that lists this type of leveraged token.
The current price of 3X Short Maker (MKRBEAR) is about $ 0.00000256, but be aware that this price is highly volatile and can change rapidly.
While 3X Short Maker itself as a token does not have its own blockchain network to secure, it operates on the blockchain that supports the trading and creation of leveraged tokens. Most often, these tokens are held and traded in smart contracts on established platforms that are responsible for their security.
You can buy 3X Short Maker on the . It is essential to use reputable exchanges when dealing with leveraged tokens due to their complexity and risk.
To keep your 3X Short Maker or any leveraged tokens safe, use highly regarded crypto wallets and practice good security measures, such as using two-factor authentication, keeping your private keys secure, and being vigilant against phishing attempts.
Please remember, leveraged tokens like 3X Short Maker (MKRBEAR) carry significant risks and are not suitable for all investors. They are complex instruments and come with a high risk of losing money rapidly due to leverage. It’s essential always to conduct your own research and consider your financial situation and risk tolerance before trading in complex products like MKRBEAR.
Ethereum
JokInTheBox
Puppy
Smart AI
Predict Crypto
Kakaxa
Nerds
Juice
Ura
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
