Item: XRPDOWN
Rating: 3.00

Related information

Issue Time

2000-01-01

Platform pertained to

Current price

0.00

Market Cap

$0.00USD

Volume of Transaction

24h

$0.00USD

Circulating supply

0.00XRPDOWN

Volume of Transaction

$0.00USD

Change

24h

+3.67%

Number of Markets

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WikiBit Risk Alerts

Previous Detection 2024-10-06

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

XRPDOWN Price Chart

Introduction

Markets

+4.98%

+3.67%

+28.57%

+52.46%

-90.64%

All

-100%

XRPDOWN is a leveraged token offered by Binance that allows traders to gain amplified exposure to the downward movements of Ripple's XRP cryptocurrency. Specifically designed for users who anticipate a decrease in XRP's price, XRPDOWN provides leveraged returns, magnifying both potential gains and risks. This financial instrument simplifies the process of betting against XRP, enabling traders to benefit from price declines without the complexities of managing traditional short positions.

XRPDOWN operates on the Binance platform, which automatically adjusts its leverage to maintain target exposure and manage risk. However, due to its inherent high risk and volatility, XRPDOWN is best suited for experienced traders who understand market trends and are capable of actively managing their positions. This product offers a strategic option for those looking to capitalize on bearish market sentiments surrounding Ripples XRP.

User Reviews

5 ratings

Participate in evaluation

matthew teoh

The security vulnerabilities of the project have raised concerns within the community, impacting its trust and reliability.

2024-06-12 13:47

GodLight

Engaging content focused on potential market impact and sustainable economic model. Team transparency and community support are key strengths.

2024-04-23 09:31

Dmess

The economic sustainability of the XRPDOWN token is lacking in long-term potential, with insufficient tokenomics to support growth and stability.

2024-03-07 15:58

Edmund Ng

Exciting potential for tackling real-world issues with strong utility in the market. Impressive team experience and transparency, active developer community, and solid tokenomics. Security and regulatory concerns addressed, with competitive differentiation and supportive community engagement. High volatility with promising long-term prospects and rewarding fundamentals.

2024-06-05 12:07

Geyee

The security audit reports for XRPDOWN are thorough, reassuring, and highlight a strong commitment to transparency. The community can trust in the robust security measures in place, ensuring peace of mind for all users.

2024-07-17 15:55