The leading cryptocurrency exchange Binance has completed a reverse token split for XLMDOWN Leveraged Token on August 26th. Accordingly, the reverse token split is a procedure that consolidates the existing number of issued tokens into a smaller number of proportionally more valuable tokens. XLMDOWN’s price today is US$5.64, with a 24-hour trading volume of $2.47 M. Get the latest crypto news and latest trading insights with the CoinMarketCap blog. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. XLMDOWN (XLMDOWN) cryptocurrency is marked as ‘Untracked’ because of inactivity or insufficient amount of data.
- She is an enthusiastic reader and writer with passion for sharing crypto news and trends.
- Unlike conventional leveraged token, Binance Leveraged Tokens do not maintain a constant leverage.
- Short XLM with Up to 4x Leverage (XLMDOWN) is currently ranked as the #33420 cryptocurrency by market cap.
- XLMDOWN (XLMDOWN) cryptocurrency is marked as ‘Untracked’ because of inactivity or insufficient amount of data.
- Instead, Binance Leveraged Tokens maintain a constant target leverage range between 1.5x and 3x.
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).
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 Stellar Short Price
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.
When Will XLMDOWN Trading Begin?
- It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price.
- More so, these recent and upcoming upgrades might be the reason for the XLMDOWN price surge.
- 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).
- Each leveraged token represents a collection of perpetual contract positions.
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.
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.
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.
Check out Stellar (XLM) — the token of Stellar, the crypto asset XLMDOWN is based on. According to our predictions, this won’t happen in near future. More so, these recent and upcoming upgrades might be the reason for the XLMDOWN price surge. Henceforth, with the development and upgrade of the platform, we can expect more surges in the upcoming days.
Price Prediction, Forecast for next months and years
A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic xlmdown reader and writer with passion for sharing crypto news and trends. Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community. This success award goes to the combination of people, accurate crypto market analysis and data, the latest news, latest blogs, advertisement placements, and many more.
The Total Supply is similar to stock market’s Outstanding Shares. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined 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.
