fbpx
QQQ
+ 0.00
331.51
+ 0%
DIA
+ 0.00
345.54
+ 0%
SPY
+ 0.00
419.10
+ 0%
TLT
+ 0.00
139.92
+ 0%
GLD
+ 0.00
170.04
+ 0%

Want To Short Dogecoin? Unthinkable — But Here's How You Can

April 15, 2021 11:37 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Want To Short Dogecoin? Unthinkable — But Here's How You Can

Dogecoin has seen a parabolic rise throughout the past week, going all the way from $0.0617 to hitting an all-time high of $0.2917 late Thursday —  a rise of about 373%. This absurd rise has many investors asking, “How can I short this meme coin?”

Investors are able to buy a 3x leveraged short coin, called Dogebear, on the crypto exchange FTX. The Dogebear coin is currently worth $0.0000000077. The leveraged coin means that if Dogecoin drops 10%, Dogebear will rise 30%.

One hurdle is that FTX is not currently available to U.S. residents.

FTX does have a US website — https://ftx.us/en — but Dogebear is not available on that site. Additionally, you have to purchase Bitcoin (BTC) or Ethereum (ETH_ through a separate exchange and then transfer it to FTX, making the process cumbersome. 

See Also: How to Buy Dogecoin (DOGE)


Related Articles

Amid Dogecoin Hype, Elon Musk Warns On Investing With 'Caution' In Cryptocurrencies

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk urged investors to exercise caution when it comes to investing in cryptocurrencies in a late-night social media post on Friday. read more

Will Elon Musk's SNL Appearance Just Be A 90-Minute 'Infomercial' For Dogecoin?

Will Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's “Saturday Night Live” episode turn out to be a 90-minute infomercial for Dogecoin (DOGE)? So wonders actor and comedian David Spade. read more

Robinhood The Biggest Dogecoin Whale? Here's What CEO Tenev Has To Say

Robinhood Markets CEO Vlad Tenev has dismissed speculation that his brokerage platform may be the so-called “dogecoin whale,” the owner of a huge stockpile of the meme cryptocurrency Dogecoin (DOGE). read more

As Dogecoin Rally Mutes, 'Cheaper' Ethereum, Bitcoin Look-Alikes Stike Massive Gains

Dogecoin (DOGE) traded nearly 17% lower on Thursday night at press time as the cryptocurrency took a breather from its recent upwards march, but Ethereum Classic (ETC) and Bitcoin Diamond (BCD) charted a different course. read more