near3sPrice

(NEAR3S)

'near3s' is identified as a leveraged token, specifically a "NEAR 3x Short." This means it is engineered to deliver 3 times the inverse daily returns of its underlying asset, the NEAR Protocol. Its value fluctuates inversely to NEAR's price movements, but with an amplified volatility, categorizing it as a derivative product for short-term speculative purposes.

'near3s' works by aiming to provide 3 times the inverse daily performance of the NEAR Protocol. To maintain this targeted leverage, it undergoes a process of daily rebalancing. This mechanism ensures that the 3x short exposure is reset at the end of each trading day, which means its performance over periods longer than a single day can differ from a simple multiplied inverse return of the underlying asset.

Leveraged tokens like 'near3s' carry substantial risks. These include 'decay' over time, especially during periods of high volatility or sideways markets, where the token's value can erode even if the underlying asset does not move dramatically in the expected direction. There is also the potential for significant losses, which can potentially exceed the initial investment due to the amplified nature of the leverage. Users should be aware of these heightened risks.

'near3s' is accessible for trading on several crypto exchanges. Users can typically find this token listed on platforms such as LBank, Bitrue, and Gate.io. Its availability across various venues provides flexibility for traders looking to engage with this leveraged product, subject to the specific platform's offerings and regional regulations.

The underlying asset that 'near3s' tracks is the NEAR Protocol. NEAR Protocol is a prominent Layer 1 blockchain platform designed for Web3 applications, emphasizing high performance, scalability achieved through sharding (Nightshade technology), and an intuitive experience for both developers and end-users. Understanding NEAR Protocol's fundamentals is crucial for anticipating the potential movements that 'near3s' will react to.

The price of 'near3s' exhibits an inverse and leveraged relationship with the NEAR Protocol's price. Specifically, it is structured to deliver 3 times the inverse daily returns of NEAR. This implies that if the NEAR Protocol's price decreases by a certain percentage in a day, 'near3s' aims to increase by approximately three times that percentage. Conversely, an increase in NEAR's price would lead to an amplified decrease in 'near3s'.