The current real-time price of ETC3L is $0.4379. In the past 24 hours, ETC3L has traded between $0.4360 and $0.5670, showing strong market activity. The all-time high of ETC3L is $56.342, and the all-time low is $0.00005.
From a short-term perspective, the price change of ETC3L over the past 1 hour is , over the past 24 hours is -13.08%, and over the past 7 days is -20.89%. These figures provide a quick overview of the latest price trends and market dynamics of ETC3L on LBank.+742,113%
The live price of ETC3L today is $0.4379, with a current market cap of --. The 24-hour trading volume is 416K. The price of ETC3L to USD is updated in real time.
Before deciding whether to buy or sell ETC3L, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ETC3L 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 ETC3L.
How much will ETC3L be worth tomorrow, next week, or next month in ? What about your ETC3L assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ETC3L Price Prediction
ETC3L is a leveraged token that aims to multiply the daily returns of Ethereum Classic (ETC) by three. This is achieved through financial derivatives and a rebalancing mechanism. If ETC's price increases by 1% in a day, ETC3L's value is designed to increase by approximately 3%. Conversely, if ETC's price drops by 1%, ETC3L's value will decrease by about 3%.
No, ETC3L and other leveraged tokens are generally not suitable for long-term holding. They are designed for short-term trading, typically targeting daily performance. Holding them for extended periods can lead to significant underperformance compared to simply holding the underlying asset (ETC) due to a phenomenon called "volatility decay" or "compounding effects" from daily rebalancing. This means that even if the underlying asset's price remains unchanged over time, the value of the leveraged token can erode.
The primary risks include: Amplified Losses, where just as gains are magnified, so are losses. Volatility Decay, meaning due to daily rebalancing, leveraged tokens can lose value in volatile or sideways markets. Performance Divergence, as over periods longer than a day, ETC3L's returns may significantly differ from three times the return of ETC. Lastly, management fees can further impact long-term performance.
Unlike traditional margin trading where a trader can face liquidation, many leveraged tokens, including those similar to ETC3L, are designed to manage this risk internally through their rebalancing mechanism. This means you typically won't receive a margin call or have your position forcefully closed due to adverse price movements in the same way as traditional leveraged trading. However, extreme market conditions can still lead to substantial losses, potentially reducing the asset's value to near zero.
Leveraged tokens like ETC3L rebalance to maintain their target leverage ratio. This rebalancing often occurs daily, but in highly volatile market conditions, some tokens may rebalance intraday to manage risk and maintain the target leverage. This mechanism adjusts the exposure by buying more of the underlying asset if it gains and selling some if it loses, to keep the 3x leverage constant.
ETC3L is traded on various cryptocurrency exchanges. These tokens are bought and sold on the spot market, similar to other cryptocurrencies.
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
