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Algorand 3x Short ETF

Algorand 3x Short ETF ALGO3S Price N/A

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ALGO3S Price

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General Info

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Description

ALGO3S is an Algorand 3 times short leverage ETF traded on MXC Exchange

Algorand 3x Short ETF (ALGO3S) Chart

The Algorand 3x Short ETF to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Additional Data

Listing Date

13 Mar 2020

All Time High

$ 7.28

16 Mar 2020


All Time Low

$ 0.023

12 Feb 2021

Algorand 3x Short ETF Price Analysis

What is Algorand 3x Short ETF (ALGO3S)?

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.

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