3X Long Ethereum TokenETHBULL
$6.96
Market/Exchange
ETHBULL Price Prediction and Price Movement
ETHBULL has been down 38.7 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that ETHBULL's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if ETHBULL is backed by a solid development team and whether ETHBULL's technology has any potential to grow.
Please note that this analysis is purely base on ETHBULL's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
3X Long Ethereum Token Price Chart
About 3X Long Ethereum Token
FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here: (https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough)