Which cryptocurrencies are most commonly targeted for operational shorting?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Operational shorting is a strategy used by traders to profit from the decline in the price of a cryptocurrency. Some of the most commonly targeted cryptocurrencies for operational shorting include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have high trading volumes and are widely recognized, making them attractive options for shorting. However, it's important to note that the popularity of cryptocurrencies for shorting can change over time based on market conditions and investor sentiment.
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• Dec 25, 2021 · 3 years ago
  When it comes to operational shorting, Bitcoin (BTC) is often at the top of the list. Its large market capitalization and high liquidity make it a prime target for short sellers. Ethereum (ETH) is another popular choice for operational shorting due to its widespread use in decentralized applications and smart contracts. Other cryptocurrencies that are frequently targeted for shorting include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a significant market presence and are actively traded on various exchanges.
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• Dec 25, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a leading cryptocurrency exchange, the most commonly targeted cryptocurrencies for operational shorting are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have a large market capitalization and are widely traded, making them attractive options for shorting. However, it's important to note that shorting cryptocurrencies carries significant risks and should only be undertaken by experienced traders. It's always advisable to do thorough research and consult with a financial advisor before engaging in short selling.
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