bear markets</strong></a> and panic selling events, traders try to not face losses by using stop-limit orders.</p>\n<p>To better understand the concept, let&rsquo;s take a simple example. Let&rsquo;s say you buy an asset at a market price of $55. Later on, the price falls to $27,5. This indicates that the value of the asset needs to <strong>double</strong> so that it could return to the original value. So, the Breakeven Multiple in this scenario would be - 2.</p>\n<p>The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-all-time-high-ath/">ATH (All-Time High) of an asset occurs when it reaches the highest possible price. Breakeven Multiple can also showcase the needed multiple by which an asset needs to rise to reach its previous ATH.</p>\n<p>Speaking of which, if a cryptocurrency ATH had experienced a significant drop such as a 75%-80%, the Breakeven Multiple might show that a 300% increase is needed. 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To specify, the token was initially revealed during an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">ICO (Initial Coin Offering) <strong>crowdfunding campaign</strong>.</p>\n<p>Back then, the token sale gave <strong>100,000,000 BNB</strong> <strong>or 50%</strong> of the entire supply. Also, the issue price was set at 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. 200,000,000 coins were the original total supply of BNB. The total supply decreased due to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burns. This is because Binance uses one-fifth of its profits to burn BNS coins.</p>\n<p>To be specific, BNB is used primarily for paying trading and transaction fees on the Binance exchange. If you wish to purchase directly, you must go to <strong>the Binance exchange</strong>.</p>\n<p>However, the token can be employed in a variety of ways. 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Crypto Terms: Letter B

What is Breakeven Multiple?

Breakeven Multiple MEANING:
Breakeven Multiple - a number that needs to be multiplied in order to reach its Breakeven Point (BEP).
Medium
2 minutes

Let's find out Breakeven Multiple meaning, definition in crypto, what is Breakeven Multiple, and all other detailed facts.

Breakeven Point (BEP) refers to the first acquisition cost that was paid by a trader or an investor. On that note, Breakeven Multiple is a number of how much the current price of an asset or a coin needs to be multiplied in order to achieve its Breakeven Point (BEP). The trader must wait for the price to increase again when it falls below the amount paid, so he could exit positions in a neutral state.

Also, the Breakeven Point formula in corporate accounting is calculated by dividing the total fixed costs involved with manufacturing by the revenue per individual unit minus the variable expenses per unit.

If you want to calculate the Breakeven Multiple here is the formula:

x = Initial Price / Current Price (Dividing the initial price by the current price)

For example:

x = 500/125 = 4

Breakeven Multiple is an idea that demonstrates what is needed to break even, such as a way higher percentage than the percentage of the drop. For instance, if there is the same 60% increase as was the drop, this will not be enough.

During bear markets and panic selling events, traders try to not face losses by using stop-limit orders.

To better understand the concept, let’s take a simple example. Let’s say you buy an asset at a market price of $55. Later on, the price falls to $27,5. This indicates that the value of the asset needs to double so that it could return to the original value. So, the Breakeven Multiple in this scenario would be - 2.

The ATH (All-Time High) of an asset occurs when it reaches the highest possible price. Breakeven Multiple can also showcase the needed multiple by which an asset needs to rise to reach its previous ATH.

Speaking of which, if a cryptocurrency ATH had experienced a significant drop such as a 75%-80%, the Breakeven Multiple might show that a 300% increase is needed. That way, the asset is able to achieve the best possible price yet again. But keep in mind that Breakeven Multiple is not the percentage. It is the number.