It is up by +50.22% in the last 24 hours with a total volume of $2.0M. To check XLMDOWN’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
There are two types of leveraged tokens, BULL or UP tokens for bullish positions and BEAR or DOWN tokens for bearish positions. A token like XLMDOWN tracks the price of XLM and gains from price decreases. If the token gains from a price decrease, it reinvests this money and increases the leverage up to a maximum of 4. The XLMDOWN token would outperform a regular leveraged position because of reinvested profits. On the flip side, if XLM goes down one day but rallies the next, the token would underperform because of increased exposure.
- Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that enable users leveraged exposure to the underlying belongings.
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- The leading cryptocurrency exchange Binance has completed a reverse token split for XLMDOWN Leveraged Token on August 26th.
- It is up by +50.22% in the last 24 hours with a total volume of $2.0M.
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The Total Supply is similar to stock market’s Outstanding Shares. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined xlmdown or issued to date, and are not locked/staked (are available to be traded publicly). TheNewsCrypto is an online media publication that helps to educate readers about crypto news, exchanges, and markets in the crypto and blockchain industry. Binance Leveraged Tokens are tradable assets in the Binance spot market that give you leveraged exposure to the underlying asset.
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XLMDOWN enables traders to speculate on the price of Stellar with increased leverage but without the risk of liquidation. The XLMDOWN token is a short position, meaning traders benefit from a decreasing price of XLM. Binance Leveraged Tokens don’t maintain constant leverage but constantly rebalance in a range between 1.25X and 4X to maximize profitability. The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned).
It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). CoinCodex tracks 38,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
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XLMDOWN Charts (USD)
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Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that enable users leveraged exposure to the underlying belongings. Each leveraged token represents a collection of perpetual contract positions. XLMDOWN has been listed on several crypto exchanges, contrasting other main cryptocurrencies, it cannot be directly purchased with fiat money. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges.
XLMDOWN Cryptocurrency data is untracked
The XLMDOWN price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Short XLM with Up to 4x Leverage (XLMDOWN) is currently ranked as the #33420 cryptocurrency by market cap. Unlike conventional leveraged token, Binance Leveraged Tokens do not maintain a constant leverage. Instead, Binance Leveraged Tokens maintain a constant target leverage range between 1.5x and 3x. This would maximize profitability on upswings, and minimize losses to avoid liquidation. BinanceXLMDOWN is a Binance leveraged token that allows users to generate leveraged gains when Sttellar decreases in price.
- On the flip side, if XLM goes down one day but rallies the next, the token would underperform because of increased exposure.
- XLMDOWN enables traders to speculate on the price of Stellar with increased leverage but without the risk of liquidation.
- There are two types of leveraged tokens, BULL or UP tokens for bullish positions and BEAR or DOWN tokens for bearish positions.
- It’s worth noting that Stellar’s code is based on a hard fork of the Ripple protocol.
- The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime.
Cryptocurrencies similar to XLMDOWN
Leveraged tokens give holders leveraged exposure to crypto markets without facing liquidation risks, funding rates, or actively having to manage the position. XLMDOWN is a leveraged token based on the price of Stellar (XLM) and traded on Binance Smart Chain. Its XLM token is the bridge reducing transaction fees and friction for cross-border payments. Stellar is thus similar to Ripple (XRP), another payment-oriented crypto asset. It’s worth noting that Stellar’s code is based on a hard fork of the Ripple protocol.