xmr3lPrice(XMR3L)
Details xmr3l (XMR3L) Price information (USD)
The current real-time price of XMR3L is $0.0007. In the past 24 hours, XMR3L has traded between $0.0010 and $0.0010, showing strong market activity. The all-time high of XMR3L is $6.411391, and the all-time low is $0.0002.
From a short-term perspective, the price change of XMR3L over the past 1 hour is
xmr3l (XMR3L) Market Information
xmr3l (XMR3L) Today's Price
The live price of XMR3L today is $0.0007, with a current market cap of --. The 24-hour trading volume is 184K. The price of XMR3L to USD is updated in real time.
xmr3l (XMR3L) Price History (USD)
What is XMR3L (XMR3L)?
When is the right time to buy XMR3L? Should I buy or sell XMR3L now?
Before deciding whether to buy or sell XMR3L, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s XMR3L technical analysis can provide you with trading references.
Future price trend of XMR3L
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for XMR3L.
How much will XMR3L be worth tomorrow, next week, or next month in ? What about your XMR3L assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! XMR3L Price Prediction
How to buy XMR3L (XMR3L)
Convert XMR3L to local currency
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XMR3L (XMR3L) FAQ
What is XMR3L?
XMR3L is a leveraged Exchange Traded Fund (ETF) token specifically designed to amplify the price movements of Monero (XMR). It aims to deliver three times the daily percentage return of Monero. For instance, if Monero's price increases by 1% in a day, XMR3L is engineered to increase by 3%, and conversely, if Monero's price decreases by 1%, XMR3L would aim to decrease by 3%.
How does XMR3L function to provide leveraged exposure?
XMR3L, like other leveraged tokens, achieves its amplified exposure to Monero's price movements by utilizing financial derivatives. This design allows users to gain leveraged positions without the complexities of directly managing collateral, margin accounts, or the liquidation risks typically associated with traditional leveraged trading methods.
Is XMR3L identical to the Monero (XMR) cryptocurrency?
No, XMR3L is distinct from the Monero (XMR) cryptocurrency. XMR3L is a derivative product, specifically a leveraged token, designed to track and amplify Monero's price movements. Monero (XMR) itself is a privacy-focused digital currency with its own independent blockchain network, serving as the underlying asset for XMR3L.
On which platforms can XMR3L be traded?
XMR3L is available for trading on various cryptocurrency exchanges. For instance, it can be traded on LBank. Always ensure you are using a reputable and secure platform for your trading activities.
What are the primary risks involved with investing in XMR3L?
Investing in XMR3L, as a leveraged token, entails substantial risks. Should Monero's price move unfavorably, losses for XMR3L holders are amplified three times. While liquidation in the traditional sense is uncommon for these tokens, their value can diminish drastically, potentially approaching zero in extreme and sustained adverse market conditions. These products are complex and their market price can deviate from their theoretical net asset value.
How does XMR3L typically perform during periods of high market volatility?
Leveraged tokens like XMR3L are highly sensitive to market volatility. In sideways trading markets or periods of extreme price fluctuations, they can experience significant value decay. This decay is primarily due to the daily rebalancing mechanisms inherent in their design, which are necessary to maintain the target leverage ratio.
