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The current real-time price of ETHDOWN is $0.0016. In the past 24 hours, ETHDOWN has traded between $0.0016 and $0.0016, showing strong market activity. The all-time high of ETHDOWN is $10.54, and the all-time low is $0.0009.
From a short-term perspective, the price change of ETHDOWN over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of ETHDOWN on LBank.-2.03%
The live price of ETHDOWN today is $0.0016, with a current market cap of $0. The 24-hour trading volume is 11K. The price of ETHDOWN to USD is updated in real time.
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Before deciding whether to buy or sell ETHDOWN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ETHDOWN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ETHDOWN.
How much will ETHDOWN be worth tomorrow, next week, or next month in ? What about your ETHDOWN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ETHDOWN Price Prediction
To learn more about ETHDOWN, consider exploring other resources such as the whitepaper, official website, and other published information:
ETHDOWN is an ERC-20 cryptocurrency token operating on the Ethereum blockchain. It is designed to offer leveraged exposure to the price movements of Ethereum (ETH), specifically aiming to generate gains when Ethereum's price decreases. This allows it to function as a tool for investors looking to benefit from bearish ETH market conditions.
ETHDOWN operates with an inverse correlation to Ethereum's price. When the price of Ethereum declines, the value of ETHDOWN is engineered to increase. This mechanism typically includes a leverage factor, ranging from 1.25 to 4 times the movement of the underlying ETH token, amplifying potential returns during ETH market downturns.
Investors primarily use ETHDOWN for several strategic purposes. It acts as a hedging tool to mitigate potential losses in existing Ethereum holdings during bear markets. Additionally, it can be utilized to diversify a cryptocurrency portfolio and for short-term trading strategies aimed at capitalizing on anticipated downward movements of ETH.
ETHDOWN is considered a high-risk asset, primarily suited for short-term trading. It can experience 'decay' over longer periods, especially if the market lacks sustained momentum in the token's favored direction. If Ethereum's price moves contrary to expectations, investors could face substantial losses, which are further amplified by the inherent leverage. It is not a substitute for traditional margin-leveraged products.
ETHDOWN is available for purchase and trading on various cryptocurrency exchanges. These platforms provide the necessary liquidity and infrastructure for investors to engage with and manage their positions in this leveraged token, facilitating both buying and selling activities.
Yes, ETHDOWN has experienced significant events affecting its structure. A key event occurred in July 2021, when a reverse token split was implemented. This consolidation resulted in 100,000 old ETHDOWN tokens being converted into 1 new ETHDOWN token, adjusting its supply and per-unit value.
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