What is GRANITESHARES 2X SHORT NVDA DAILY ETF RSTOCK(RNVD)?

Basic information about RNVD

Coin name:

GraniteShares 2x Short NVDA Daily ETF rStock

Coin symbol:

Coin introduction:

This fund, issued by GraniteShares, is a two times short single-stock exchange-traded fund. Focusing on the global AI chip giant NVIDIA (NVDA), it utilizes derivative instruments such as total return swaps to deliver daily investment results that correspond to negative two times (-2x) the daily performance of NVIDIA stock. Serving as a tactical intraday or extremely short-term trading tool against NVIDIA's stock price, the fund magnifies any single-day decline by two times. Conversely, when NVIDIA's stock price rises or fluctuates intensely, investors face severe drawdown risks due to massive compounding decay.

Current Price:

$3.83More coin details

All-time high:

$3.99

All-time low:

$3.82

RNVD Supply Info and Tokenomics

Circulating supply:

203

Total supply:

203

Max supply:

Market cap:

$778.50

Fully diluted valuation:

$778.50

What is the outlook and future value of RNVD?

The current market cap of RNVD is $778.50, ranked 14774 in the market, showing that the market already recognizes the value of RNVD. When a bull market arrives, the market cap of RNVD may continue to grow.

Moreover, if RNVD can play a greater role in real-world applications—such as if the Monero developers can fully empower RNVD and establish partnerships with more business partners to expand its user base—then the long-term value of RNVD will be further enhanced.

What is the price of RNVD in 2027?

According to the historical price performance prediction model of RNVD, the price of RNVD is expected to reach $4.02 at 2027.

Note: As with any crypto investment, investors should closely monitor RNVD’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get RNVD?

Purchasing RNVD with cash is not the only way to obtain RNVD. If you have enough time, you can get RNVD for free.

Learn how to get Hot rewards for free with RNVD.

Earn free RNVD by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get RNVD airdrops for free.

All crypto airdrops and rewards can be exchanged for RNVD through LBank spot trading.

Buy RNVD starting from $1

What is RNVD used for and how to use it?

The use cases for RNVD may grow with the development of the crypto market and project progress. Currently, you can use RNVD to:

Arbitrage trading of RNVD

RNVD is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many RNVD trading pairs to suit your needs.

Earn yield with RNVD

You can also lend out RNVD or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your RNVD gains.

Send or pay with RNVD

If you want to pay someone with RNVD, you can easily and quickly send RNVD to them using their receiving address.

You can also visit the official website of GraniteShares 2x Short NVDA Daily ETF rStock to learn more use cases of RNVD, such as whether the GraniteShares 2x Short NVDA Daily ETF rStock project supports community/eco apps or buying physical or virtual goods with RNVD.