Wrapped BTC (ERC20) Price Prediction
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Wrapped BTC (ERC20) Fundamental Analysis
WBTC is Wrapped Bitcoin, an ERC-20 token maintaining a one-to-one value with Bitcoin. The stablecoins that crypto holders are used to are usually backed by fiat money so WTBC is a meta cryptocurrency in this aspect. WBTC is a bridge connecting the two massive pillars of blockchain – BTC and ETH. WBTC strives to combine the best of both worlds by bringing the value and liquidity of Bitcoin and making it usable in the DeFi world. As an ERC-20 token, WBTC and its transactions are faster than the BTC ones. However, the main advantage of WBTC is its integration into the world of Ether, dApps, and smart contracts. Wrapped Bitcoin is controlled by a Decentralized Autonomous Organization (DAO) called the WBTC DAO. WBTC has a trustworthy community of partners, including Kyber Network, UniSwap, HitBTC, AAVE, and tens of the notorious names known within the world of crypto. Being associated with such partners and Bitcoin itself, WBTC can ensure security and credibility as it won’t fail or result in a scam. Wrapped Bitcoin is also endorsed on almost a hundred exchanges, all with high confidence. It can be traded with numerous other cryptocurrencies and stored ubiquitously on any compatible wallet.
Wrapped BTC (ERC20) Live Price Chart