Wrapped Bitcoin (WBTC) Overview
Wrapped Bitcoin (WBTC) is an ERC-20 token pegged 1:1 to Bitcoin (BTC), enabling Bitcoin’s liquidity in decentralized finance (DeFi) ecosystems. Below is the latest WBTC price data and investment metrics:
Current WBTC Price and Performance
- Live WBTC Price: $108,767 (updated in real-time)
- Market Cap: Derived from circulating supply × current price
ROI (Return on Investment):
- 1 Hour: -0.11%
- 24 Hours: -0.72%
- 7 Days: +1.68%
- 1 Month: +3.22%
- 6 Months: +11.00%
- 1 Year: +80.53%
Tokenomics
- Mineable: No
- Initial Issue Price: $3,500
WBTC Price Chart Analysis
Monitor WBTC’s price trends using real-time charts on platforms like CoinCarp or CoinGecko. Key indicators include:
- Support/Resistance Levels
- Moving Averages (50-day, 200-day)
- Trading Volume
👉 Track WBTC’s live price here
Frequently Asked Questions (FAQs)
1. What is Wrapped Bitcoin (WBTC)?
WBTC is a Bitcoin-backed ERC-20 token that bridges Bitcoin’s liquidity to Ethereum-based DeFi applications.
2. Is WBTC a Good Investment?
Cryptocurrencies like WBTC are high-risk assets. Consider:
- Volatility: Prices can swing dramatically.
- Use Case: WBTC’s utility in DeFi (e.g., lending, staking).
- Research: Review the project’s whitepaper, team, and tokenomics.
3. Where Can I Buy WBTC?
WBTC is available on major exchanges, including:
- OKX
- Binance
- Crypto.com
- MEXC Global
4. How to Short WBTC?
As of now, WBTC futures/ETF trading isn’t widely supported. Shorting may require margin trading on select platforms.
5. WBTC Price Prediction for 2029?
Long-term predictions are speculative. Factors include:
- Adoption in DeFi
- Bitcoin’s Market Trends
- Regulatory Developments
Key Takeaways
- WBTC mirrors Bitcoin’s value on Ethereum.
- Monitor ROI and market cap for investment decisions.
- Trade WBTC on top-tier exchanges for liquidity and security.
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before trading.
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