Metzgerei Happacher

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.

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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.

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.

What Is the All Time Low of XLMDOWN?

1. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime.
2. It’s worth noting that Stellar’s code is based on a hard fork of the Ripple protocol.
3. 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.
4. There are two types of leveraged tokens, BULL or UP tokens for bullish positions and BEAR or DOWN tokens for bearish positions.
5. A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto.

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.

About Binance Stellar Short

1. It is up by +50.22% in the last 24 hours with a total volume of $2.0M.
2. 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).
3. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges.
4. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

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.

XLMDOWN Charts (USD)

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.

XLMDOWN enables traders to speculate on the price of Stellar with increased leverage but without the risk of liquidation. The xlmdown 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).

Will XLMDOWN crash?

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.

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.