3/24/2023, 11:41:39 AM

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XRPDOWN is on the decline this week.

The price of XRPDOWN has fallen by 45.45% in the past 7 days. The price increased by 8.54% in the last 24 hours. In just the past hour, the price shrunk by 0.87%. The current price is $0.000099 per XRPDOWN. XRPDOWN is 100.00% below the all time high of $12.37.

The current circulating supply is 0 XRPDOWN.


What Is Xrpdown (XRPDOWN)?

XRPDOWN is a Binance leveraged token (BLVT) with the underlying cryptocurrency Ripple (XRP). Ripple is a platform that aims to facilitate global payments network. The XRP token is a fast and cost efficient cryptocurrency used for cross-border transactions.

XRPDOWN aims to generate leveraged gains when the Ripple price goes down. The tokens were launched for both up and down trends, i.e., XRPUP and XRPDOWN. In contrast to XRPDOWN, XRPUP seeks to generate leveraged gains when the price of Ripple goes up.

A traditional leveraged position can yield outsized returns. However, users are not shielded from liquidation risk. Thus, it presents a trade-off between a user's tolerance to the risk of getting liquidated vs. the outsized gains that one can make. Such trades are eliminated by Leveraged Tokens (LT) and thus allow users to gain leveraged exposure without worrying about liquidation risk and the significance of managing a leveraged position. Though LTs have gained popularity due to this innovative characteristic, they have been controversial and have confused users. Historically, the track record shows the long-term returns of LTs are poor compared to that of traditional margin-leveraged products. So, Binance has addressed the critical problems with existing leveraged tokens and launched the Binance Leveraged Token (BLVT).

In brief, BLVTs are the Binance spot market's tradable assets (off-chain tokens). Each token represents a bundle of open contract positions on the perpetual futures market. So a BLVT is a tokenized version of leveraged futures positions. One of the fundamental differences between BLVTs and other types of leveraged tokens (LT) is that, unlike conventional LTs, BLVTs do not keep 'constant' leverage. Instead, they maintain a variable target leverage range between 1.25x and 4x that acts as a perpetual leverage target for the tokens. To summarize, the idea behind the token is to maximize the potential revenue when the price goes up and mitigate the risks of liquidation whenever there is a price fall.

History of Xrpdown(XRPDOWN)

Binance launched XRPDOWN on September 9, 2020.

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What is the current price of XRPDOWN?

We update our XRPDOWN to USD currency in real-time. Get the live price of XRPDOWN on Coinbase.

What is the market cap of XRPDOWN?

The current market cap of XRPDOWN is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of XRPDOWN?

The all-time high of XRPDOWN is $12.37. This all-time high is highest price paid for XRPDOWN since it was launched.

What is the 24 hour trading volume of XRPDOWN?

Over the last 24 hours, the trading volume of XRPDOWN is $2.18M.

What other assets are similar to XRPDOWN?

Assets that have a similar market cap to XRPDOWN include LOGOS, TemplarDAO, Musk Melon, and many others. To see a full list, see our comparable market cap assets.

How many XRPDOWN are there?

The current circulating supply of XRPDOWN is 0.

Can I buy XRPDOWN on Coinbase?

No, XRPDOWN is not currently available on Coinbase, but you can sign up to get the latest news on XRPDOWN and be notified when it gets added to our exchange.