Price
$0.0992
12/2/2022, 11:34:06 PM
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Market

Market stats

Market cap

-

Volume (24h)

$780,196.21

Circulating supply

-

All time high

$95.79

Price change (1h)

-0.1%

Price change (24h)

+0.1%

Price change (7d)

-8.12%

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XRPUP is on the decline this week.

The price of XRPUP has fallen by 8.12% in the past 7 days. The price increased by 0.10% in the last 24 hours. In just the past hour, the price shrunk by 0.10%. The current price is $0.0992 per XRPUP. XRPUP is 99.90% below the all time high of $95.79.

The current circulating supply is 0 XRPUP.

About

What Is XRPUP (XRPUP)?

XRPUP is a leveraged token on the Binance smart chain with the underlying asset Ripple (XRP). A leveraged token is a type of cryptocurrency that enables users to attain good positions in the crypto market by multiplying the profit or the loss. XRPUP is designed to generate leveraged gains when Ripple's price goes up. Subsequently, XRPUP users can get leveraged gains ranging from 1.25x - 4x when Ripple's price increases. Further, the XRPDOWN token was also launched to generate leveraged gains for Ripple users when the price of XRP goes down.

Traditionally, a leverage position may allow users to generate big returns but not allow them to stay away from liquidation risk. As a result, the leveraged position creates a trade-off between a user's endurance for the possibility of being liquidated and the potential big gains.

Leveraged Tokens (LT) solves these trade-off issues and allows users to gain big returns without worrying about liquidation risk and the importance of leveraged positions. Thus, this unique element has allowed LTs to gain popularity; it has also produced controversy and confusion among users. Compared to traditional margin-leveraged products, LTs have a poor track record of generating long-term returns.

Binance has solved the issue of existing Leverage Tokens by launching the Binance Leverage Token (BLVT). Binance Leveraged Token is a crypto trading instrument on the Binance blockchain and represents tradeable assets in the Binance marketplace. In other words, a BLVT is a tokenized form of leveraged futures positions.

These are some of the key distinctions between BLVTs and other kinds of leveraged tokens (LT). Unlike traditional LTs, BLVTs do not maintain a stable level of leverage. Instead, they keep a flexible target leverage range of 1.25x to 4x, serving as the tokens' permanent leverage target. To summarise, the token's goal is to maximize possible revenue when the price rises while minimizing the danger of liquidation when the price falls.

History ofXRPUP (XRPUP)

Binance launched the XRPUP token on September 9, 2020.

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FAQ

What is the current price of XRPUP?

The price of 1 XRPUP currently costs $0.0992.

What is the market cap of XRPUP?

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

What is the all time high of XRPUP?

The all-time high of XRPUP is $95.79. This all-time high is highest price paid for XRPUP since it was launched.

What is the 24 hour trading volume of XRPUP?

Over the last 24 hours, the trading volume of XRPUP is $780.20K.

What other assets are similar to XRPUP?

Assets that have a similar market cap to XRPUP include GICTrade, MetaCash, Boryoku Genesis Dragonz Index, and many others. To see a full list, see our comparable market cap assets.

How many XRPUP are there?

The current circulating supply of XRPUP is 0.