Amun Bitcoin 3x Daily Long (BTC3L)
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About Amun Bitcoin 3x Daily Long
Amun Bitcoin 3x Daily Long (BTC3L) is a cryptocurrency token that offers investors the opportunity to gain amplified exposure to the price movements of Bitcoin daily. It is designed for experienced traders and investors seeking leveraged exposure to Bitcoin. As an ERC-20 token, BTC3L can be traded on various cryptocurrency exchanges and platforms.
Bitcoin 3x Daily Long aims to provide three times the daily return of Bitcoin. This means that if the price of Bitcoin increases by 1% in a day, BTC3L is designed to increase by approximately 3%. However, it’s important to note that due to the compounding effect of leveraged returns, the performance of BTC3L may deviate from three times the performance of Bitcoin over longer periods.
Investors should consider their risk tolerance and goals before trading or investing in BTC3L. Due to its leveraged nature, BTC3L can be highly volatile and unsuitable for all investors. It’s important to conduct thorough research and seek professional advice before engaging in leveraged trading or investing.
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