The current real-time price of EGLD3L is $0.0010. In the past 24 hours, EGLD3L has traded between $0.0010 and $0.0010, showing strong market activity. The all-time high of EGLD3L is $15.09452, and the all-time low is $0.0002.
From a short-term perspective, the price change of EGLD3L over the past 1 hour is , over the past 24 hours is -13.28%, and over the past 7 days is -24.93%. These figures provide a quick overview of the latest price trends and market dynamics of EGLD3L on LBank.-38.16%
The live price of EGLD3L today is $0.0010, with a current market cap of --. The 24-hour trading volume is 279K. The price of EGLD3L to USD is updated in real time.
Before deciding whether to buy or sell EGLD3L, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s EGLD3L technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for EGLD3L.
How much will EGLD3L be worth tomorrow, next week, or next month in ? What about your EGLD3L assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! EGLD3L Price Prediction
EGLD3L is a leveraged token providing amplified exposure to the daily price movements of its underlying asset, EGLD (MultiversX). As a "3X Long EGLD Token," it aims to return three times the daily gains of EGLD. Leveraged tokens achieve this by utilizing financial derivative instruments, such as futures, and rebalance daily to maintain their target leverage ratio.
Leveraged tokens like EGLD3L offer several benefits. They provide easier access to leveraged trading without requiring users to manage collateral, margin, or directly face liquidation risks typical of traditional margin trading. The tokens internally manage the leverage and rebalancing, making them relatively simpler to trade for those seeking amplified returns in short-term market movements.
The primary concern with leveraged tokens like EGLD3L is their inherent high risk. Key risks include amplified losses, where adverse price movements in EGLD lead to significantly faster declines in EGLD3L's value. There is also volatility decay or compounding losses, where daily rebalancing can erode the token's value over time, especially in volatile or sideways markets. Furthermore, long-term performance may diverge significantly from the underlying asset, and in extreme conditions, the token's value may approach zero.
No, leveraged tokens like EGLD3L are generally not recommended for long-term investment. They are specifically designed for short-term trading strategies to capitalize on daily price movements. Holding them for extended periods significantly increases exposure to volatility decay, which can lead to substantial losses over time.
EGLD3L is listed on various crypto exchanges, such as LBank.
EGLD3L is a derivative product that tracks the price of EGLD (MultiversX). EGLD is the native token of the MultiversX blockchain, used for network security through staking, transaction fees, and governance within an ecosystem designed for high scalability and extensive dApp support. EGLD3L allows traders to speculate on the price movements of this underlying asset with leverage.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
