3X Long Bitcoin Token (BULL) is an ERC20 token which seeks a return that corresponds to 3 times the daily return of Bitcoin.
What does 3x long mean?
Leveraged 3X Long/Bull ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the underlying index. As long-only funds, they do not provide short or inverse exposure.
How do I get 3x long Bitcoin tokens?
Tap or click the “Swap” icon in the Assets tab, then select “Choose asset” and pick 3X Long Bitcoin Token. Input the amount of ETH you’d like to exchange for 3X Long Bitcoin Token. Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.
What is 3x BTC bull?
What Is 3X Long Bitcoin Token (BULL)? 3X Long Bitcoin token also referred to as BULL, is a leveraged token that provides return that corresponds to three times the daily return of Bitcoin. A leveraged token is a type of derivative that provides exposure to the underlying asset.
What is the price of Big Bull token today?
The current value of 1 BIGB is ₹0.16 INR. In other words, to buy 5 BighBull, it would cost you ₹0.78 INR. Inversely, ₹1.00 INR would allow you to trade for 6.44 BIGB while ₹50.00 INR would convert to 321.78 BIGB, not including platform or gas fees.
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How do bull tokens work?
BULL/BEAR/HEDGE tokens will automatically reinvest profits into the underlying asset; so if your leveraged token position makes money, the tokens will automatically put on 3x leveraged positions with that. Conversely, BULL/BEAR/HEDGE tokens will automatically reduce risk if they lose money.
How do I get bull crypto?
Go to CoinMarketCap and search for BULL FINANCE. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase BULL FINANCE as well as the currencies you can use to obtain it.
What is big bull token?
What is Big Bull cyrptocurrency? Big Bull is headquartered in India and it is considered as the first make in India Crypto. Initial Coin Offering (ICO) of the cryptocurrency is also held in Delhi’s Chanakyapuri. The Public sale was launched by a marketing maven and actor, Suhel Seth.
What does bull 3X shares mean?
The Direxion Daily Financial Bull 3X Shares ETF (FAS) is designed to return three times the performance of the Russell 1000 Index on a day-to-day basis.
What is the future of big bull coin?
There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BULL could hit $0.00 in 2024. The total circulating supply of Bull Coin as of writing this article was $500,000,000,000,000 and the marketcap of BULL remains at $266,706.
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What is a Bitcoin bull trap?
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction.
Where can I buy bull token?
BULL tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Bull Coin is PancakeSwap (v2), where the most active trading pair BULL/WBNB has a trading volume of $42.90 in the last 24 hours.
What is 3x short Bitcoin token?
About 3X Short Bitcoin 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%.
How long do crypto bull runs usually last?
four years
When crypto bull run will start?
Bitcoin bull run will probably come in the next two years, crypto exchange CEO says. Jean-Baptiste Graftieaux, CEO of Bitstamp, says the next bitcoin bull run should come within the next two years.
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Who is the owner of Big bull coin?
Dr. Ravindra Potdar – Founder & CEO – BIGH BULL | LinkedIn.
Is bitcoin in a bull market?
Bitcoin has soared by almost 40% so far in 2023 as investors poured back into risk-sensitive assets. Bitcoin has started a new bull market, reversing course after more than a year of relentless declines across the cryptocurrency landscape, according to digital asset data and analytics firm CryptoQuant.
What does bull 2X mean?
Enhanced ETFs—also known as 2X or 3X, “bull” or “ultra” ETFs—are designed to return double or triple the return on an underlying financial index or asset, such as the S&P 500, the price of gold, or some other asset.
Is a bull stock good?
Bull markets indicate that the economy is strong and unemployment rates are generally low, which can instill investors with even more confidence and provide people with more income to invest. This can result in some massive growth: Stock prices go up 112% on average during bull markets.
What is bull 2X?
The $700 million AUM Direxion Daily Energy Bull 2X (ERX), is a leveraged ETF that aims to reproduce 200% of the daily returns of the S&P Energy Select Sector Index. 1 In other words, for every 1% gain in the underlying index, ERX attempts to produce a corresponding 2% gain.
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What is 3X long token?
BULL, the 3X Long Bitcoin Token, represents a Bitcoin long position with 3x leverage. BULL tokens are created to track BTC movements by +3x. If BTC increases 1% in 24 hours, BULL is expected to increase 3%. If BTC decreases by 1%, BULL is expected to decrease by 3%.
How to trade 3X Bitcoin?
Tap or click the “Swap” icon in the Assets tab, then select “Choose asset” and pick 3X Long Bitcoin Token. Input the amount of ETH you’d like to exchange for 3X Long Bitcoin Token. Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.
What is Bitcoin 3X leverage?
3X Long Bitcoin token also referred to as BULL, is a leveraged token that provides return that corresponds to three times the daily return of Bitcoin. A leveraged token is a type of derivative that provides exposure to the underlying asset.
Which crypto will go high in future?
Bitcoin Will Lead the Next Crypto Bull Market After a meteoric rise in the past decade, many industry experts have questioned whether it could lead to the next crypto bull market. Bitcoin has a strong network effect, and many investors are bullish on its future.
What is 3X long Dogecoin token?
3X Long Dogecoin Token (DOGEBULL)is an ERC-20 token on FTX that aims to return three times the daily return of Dogecoin. FTX is a cryptocurrency exchange designed for traders by traders. FTX provides products such as derivatives, options, volatility products, and leveraged tokens.