Long QTUM, 3x Leverage (QTUM3L) offers a leveraged investment approach tied to Qtum's performance. This article provides a detailed overview of its real-time pricing, historical trends, market metrics, and key considerations for interested traders.
What Is QTUM3L?
QTUM3L is a leveraged token that aims to amplify Qtum’s daily price movements by three times. It is designed for traders seeking magnified exposure without managing margin positions directly. Note that leveraged products are complex and involve significant risk due to market volatility and daily rebalancing.
QTUM3L Real-Time Price and Performance
As of the latest update, the live price of QTUM3L is $0.00000498 per token, reflecting a 24-hour change of -9.61%. Over the past week, it has increased by 2.25%. The current market capitalization stands at $233,072.11, with a 24-hour trading volume of $222,439,403,331.
24-Hour Price Range
- Low: $0.00000484
- High: $0.00000561
Key hourly and weekly performance metrics help traders gauge short-term momentum and potential entry or exit points.
Historical Price Trends and Comparisons
Understanding past performance can provide context, though it does not guarantee future results. Here’s a snapshot of QTUM3L’s historical data:
- 7-Day Change: +$0.00000011 (+2.25%)
- 30-Day Change: -$0.00000235 (-32.06%)
- 60-Day Change: -$0.00000462 (-48.12%)
- 90-Day Change: -$0.00000368 (-42.49%)
- 1-Year Change: -$0.000318 (-98.45%)
The token’s all-time high was $2.63, highlighting the volatile nature of leveraged assets in crypto.
Key Market Information
- Underlying Asset: Qtum (QTUM)
- Total Supply: 47,180,590,000 QTUM3L
- Net Asset Value (NAV): $0.00000494
- Daily Management Fee: 0.1%
These metrics are essential for evaluating the product’s structure and cost efficiency.
Trading QTUM3L: What You Should Know
Leveraged tokens like QTUM3L are best suited for experienced traders who understand the risks of compounding and daily rebalancing. They are not intended for long-term holding due to fee decay and volatility drag.
For those interested in trading leveraged tokens, it’s crucial to use reliable platforms and tools. 👉 Explore real-time trading tools
Frequently Asked Questions
What is the current price of QTUM3L?
The live price is $0.00000498, updated in real-time based on market activity.
What is QTUM3L’s market capitalization?
The market cap is approximately $233,072, calculated as price multiplied by circulating supply.
What was QTUM3L’s all-time high price?
The token reached an all-time high of $2.63, though current values are significantly lower.
How does leverage impact QTUM3L’s price?
The token uses 3x leverage to amplify Qtum’s daily returns, which can lead to magnified gains or losses.
What is the daily management fee?
A 0.1% fee is applied daily to cover management costs, impacting returns over time.
Is QTUM3L suitable for beginners?
Due to its complexity and high risk, it is more appropriate for advanced traders familiar with leveraged products.
Disclaimer: The cryptocurrency market is highly volatile. Prices can change rapidly, and investors assume full responsibility for their trading decisions. This content is for informational purposes only and should not be considered financial advice. Always conduct independent research and consider your risk tolerance before investing.