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ALGO3L Price
It is a product that tracks the yield rate of underlying assets with 3 times. Using BTC3L as an example, for every 1% BTC goes up in a day, BTC3L goes up 3%; for every 1% BTC goes down, BTC3L goes down 3%.
Leverage ETF is a perpetual product that has no settlement day. Theoretically, its price won''t totally reach zero, so it has no liquidation risks. Traders may buy/sell ETF at the secondary market at any time with no margin.
Algorand 3x Long ETF's current price is $ 0.0245, it has increased +15.2% over the past 24 hours.
Algorand 3x Long ETF's All Time High (ATH) of $ 3.84 was reached on 9 Sep 2021, and is currently -99.4% down.
Algorand 3x Long ETF (ALGO3L) operates on its own blockchain.
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