EGLD3LPrice(EGLD3L)
Details EGLD3L (EGLD3L) Price information (USD)
The current real-time price of EGLD3L is $0.0001. In the past 24 hours, EGLD3L has traded between $0.0010 and $0.0010, showing strong market activity. The all-time high of EGLD3L is $15.09452, and the all-time low is $0.0001.
From a short-term perspective, the price change of EGLD3L over the past 1 hour is
EGLD3L (EGLD3L) Market Information
EGLD3L (EGLD3L) Today's Price
The live price of EGLD3L today is $0.0001, with a current market cap of --. The 24-hour trading volume is 298K. The price of EGLD3L to USD is updated in real time.
EGLD3L (EGLD3L) Price History (USD)
What is EGLD3L (EGLD3L)?
When is the right time to buy EGLD3L? Should I buy or sell EGLD3L now?
Before deciding whether to buy or sell EGLD3L, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s EGLD3L technical analysis can provide you with trading references.
Future price trend of EGLD3L
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for EGLD3L.
How much will EGLD3L be worth tomorrow, next week, or next month in ? What about your EGLD3L assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! EGLD3L Price Prediction
How to buy EGLD3L (EGLD3L)
Convert EGLD3L to local currency
Hot Events
EGLD3L (EGLD3L) FAQ
What is EGLD3L and how does it work?
EGLD3L is a leveraged token providing amplified exposure to the daily price movements of its underlying asset, EGLD (MultiversX). As a "3X Long EGLD Token," it aims to return three times the daily gains of EGLD. Leveraged tokens achieve this by utilizing financial derivative instruments, such as futures, and rebalance daily to maintain their target leverage ratio.
What are the main advantages of trading EGLD3L?
Leveraged tokens like EGLD3L offer several benefits. They provide easier access to leveraged trading without requiring users to manage collateral, margin, or directly face liquidation risks typical of traditional margin trading. The tokens internally manage the leverage and rebalancing, making them relatively simpler to trade for those seeking amplified returns in short-term market movements.
What are the risks associated with EGLD3L?
The primary concern with leveraged tokens like EGLD3L is their inherent high risk. Key risks include amplified losses, where adverse price movements in EGLD lead to significantly faster declines in EGLD3L's value. There is also volatility decay or compounding losses, where daily rebalancing can erode the token's value over time, especially in volatile or sideways markets. Furthermore, long-term performance may diverge significantly from the underlying asset, and in extreme conditions, the token's value may approach zero.
Is EGLD3L suitable for long-term investment?
No, leveraged tokens like EGLD3L are generally not recommended for long-term investment. They are specifically designed for short-term trading strategies to capitalize on daily price movements. Holding them for extended periods significantly increases exposure to volatility decay, which can lead to substantial losses over time.
Where can EGLD3L be traded?
EGLD3L is listed on various crypto exchanges, such as LBank.
How does EGLD3L relate to EGLD (MultiversX)?
EGLD3L is a derivative product that tracks the price of EGLD (MultiversX). EGLD is the native token of the MultiversX blockchain, used for network security through staking, transaction fees, and governance within an ecosystem designed for high scalability and extensive dApp support. EGLD3L allows traders to speculate on the price movements of this underlying asset with leverage.
