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WETH
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USD
1h | 24h | 7d | 30d | 60d | 90d |
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0.30% | -2.15% | 8.77% | 34.66% | 29.74% | 24.49% |
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
0.30% | -2.15% | 8.77% | 34.66% | 29.74% | 24.49% |
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WETH
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USD
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0
1
Price has increased by 42.42% in the last 1 year.
WETH is currently trading 12.59% above the 200-Day SMA which is $2,948.48.
The 14-Day Relative Strength Index (RSI) is at 29.59 which indicates that the cryptocurrency is currently BUY and may trade sideways.
The circulating supply has yet to be published.
Has high liquidity with 0.11486 volume to market cap ratio. The current market cap is $11.29B while the 24-hour volume is $1.3B
Year | Q1 | Q2 | Q3 | Q4 | Total |
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2018 | -69.75% | 15.79% | -48.65% | -45.05% | -90.12% |
2019 | 14.42% | 100.11% | -37.91% | -24.38% | 7.51% |
2020 | -3.07% | 70.35% | 59.28% | 105.08% | 439.36% |
2021 | 159.19% | 17.63% | 33.08% | 22.63% | 397.53% |
2022 | -10.88% | -67.67% | 25.20% | -9.86% | -67.48% |
2023 | 52.23% | 6.13% | -13.46% | 35.65% | 89.67% |
2024 | 62.10% | -5.34% | -26.13% | 29.09% | 46.32% |
Average | 34.04% | 22.83% | -1.43% | 18.86% | 137.13% |
The reason you need W-ETH is to have the capacity to exchange ETH for other ERC20 tokens on decentralized stages like Radar Relay. Since decentralized stages running on Ethereum utilize savvy contracts to encourage exchanges straightforwardly between clients, each client needs the equivalent institutionalized arrangement for each token they exchange. This guarantees tokens don't lose all sense of direction in interpretation.
WETH is a wrapped version of Ether which is native cryptocurrency of Ethereum platform. It is an ERC-20 token on the Ethereum blockchain. Wrapped tokens are cryptocurrencies that enable the native token to retain its value while being transferred from one blockchain to another. Most of the major blockchains have wrapped a variant of its native token that solves the problem of interoperability. This cryptocurrency can be used for smooth trading within the DeFi ecosystem. In this article we will learn about this token in detail. We will also discuss when and how it was launched. On the top of it, we will shed light on what makes it unique. Secondly, We will try to understand how it works and how to buy them.
It is the tokenized form of Ether, the native token of Ethereum. It was launched in the year 2017 by Ox labs. Many cryptocurrency platforms wrap their native tokens to enable them to trade with multiple blockchains and solve the interoperability problem. The value of each token is equal to each Ether, thus to mint this token an equal value of Ether should be deposited into smart contracts and it will mint a similar value of this token. The main purpose behind creating this token was to solve the problem of interoperability. This token can be easily traded on any blockchain retaining the original value of the native token. It can even be unwrapped whenever needed.
For the token to wrap it needs a protector or keepers who can keep the deposited collateral. The keepers can be merchants, multi-signature wallets or smart contracts. In case of this token the keeper is its smart contracts that holds Ether as collateral and mints this ERC-20 token. Below mentioned are steps of this process in detail.
A same value of Ether should be sent to smart contracts that plays the keepers role and holds your ETH tokens for minting its wrapped version.
When the ETH coins are successfully deposited, smart contracts mint an equal value of those tokens and release it as an ERC-20 token on Ethereum blockchain that follows all the ERC-20 standards.
This new wrapped token holds all the principles of ERC-20 tokens which makes it compatible with most of the Decentralised applications, Decentralised Exchanges and other smart contracts.
This new token then is ready to trade on various Decentralised Finance ecosystems. It can be easily used in trading on DEX, providing liquidity, yield farming and even for collateral loans.
The best part of wrapping coins is that they can be unwrapped whenever needed. If you feel the need to convert your wrapped token back into ETH all you have to do is send it back to smart contracts and smart contracts will release ETH.
The main purpose of wrapping tokens is to provide solutions to interoperability problems. When tokens are wrapped they can be traded easily on various blockchains. Moreover by simply sending native tokens to smart contracts to hold a mint wrapped token it can very easily be unwrapped whenever needed. Below mentioned are some of its features and use cases that makes it stand out from the others.
After Ether is wrapped it becomes an ERC-20 token and possesses all the features and standards of Ethereum token. This makes it compatible with various decentralized applications and smart contracts.
The main problem faced by many blockchains is the lack of interoperability on different blockchains. By wrapping tokens it can be easily traded on various blockchains while retaining its original price value.
ETH was difficult to take on different decentralized exchanges buy its wrapped version being an ERC-20 token can be easily traded on various Decentralised Exchanges. This increases liquidity within the DeFi ecosystem.
Being an ERC-20 token it can be traded to work with multiple ERC-20 tokens. Thus it is used as a base token on various Decentralised Exchanges. Making possible a wide range of trading pairs.
This token can be used as a collateral on DeFi lending platforms. By holding this token users can lend assets and earn interest.
This token provides liquidity in yield. Users can earn rewards in terms of additional tokens for taking part in liquidity provision.
Below mentioned are some easy steps following which you can buy this token very quickly and easily.
Search and Download a trust wallet that supports ERC-20 tokens.
Select ERC-20 token as your base currency and transfer them into your wallet.
Select a cryptocurrency exchange that supports this token and create your account on that exchange.
Complete the necessary verification process.
Connect exchange with your wallet.
Search for this token on that exchange and place purchase orders.
Exchange base coins with this token and when coins get deposited, transfer them into secured wallets.
There are a number of reasons why WETH seems to have a great future. These reasons are as follows:
Every major blockchain has started wrapping their native tokens so as to make interoperability possible there is a good chance of this token to achieve success in the future.
Being a wrapped variant of Ether it is an ERC-20 token which helps it enjoy all the features of Ethereum.
It can be easily traded on various blockchains and can be unwrapped whenever needed.
Its development team is working continuously to bring more improvements and make its working easier.
With all the above advancement this token will achieve its goals and become a prominent player in the market.
Conclusion
Before investing into cryptocurrency it is important to understand the risks and challenges associated with them. Each and every cryptocurrency in the ecosystem has to face some unavoidable challenges like price fluctuations, regulatory uncertainty, competitions etc. To avoid any kind of loss it is good to do a detailed search on all the risks.
Apart from that this token is associated with Ethereum which is one of the leading cryptocurrency blockchain. This is an ERC-20 token and has all the features of Ethereum. It can be traded easily on Decentralization exchanges that support ERC-20 tokens. It can generate liquidity and enables interoperability with all such features it is marching towards its successful future.
The current price of the WETH(WETH) is $3,344.79, with a current market cap $11,289,738,203.61.
WETH is a ticker symbol of the WETH.
At the movement,3.38M WETH tokens are already in the market out of 3.38M WETH.
There are many options for buying crypto, and WETH can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy WETH. It's a quick, easy, and secure way to buy WETH(WETH).
No, It is not a stablecoin.
WETH had an all-time high of $4,879.73.
The current WETH price is $3,344.79. In the last 24 hours, WETH price has gone up by -2.15%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future WETH price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired WETH at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging WETH against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, WETH can be earned or received in various ways. WETH considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the WETH, including WETH to PHP, WETH to INR, WETH to NGN, WETH to THB, WETH to CAD, WETH to PKR, WETH to IDR , WETH to EUR , WETH to AUD , WETH to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 WETH is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like WETH to BTC, WETH to $YE, WETH to UXLINK, WETH to ETH, WETH to XRP, WETH to GODS, WETH to BRISE, WETH to VINE, WETH to SUI, WETH to BGB .
WETH price today is $3,344.79 USD, which is Down by -2.15% over the last 24 hours. There has been an hourly Rise by 0.30%. WETH's market cap currently sits at $11,289,738,203.61 USD, holding up for a market cap rank at #9999. The volume were at $1,296,779,060.39 USD WETH ranks no 9999 in the market capitalization of WETH is at $11,289,738,203.61 and its volume for 24 hours is $1,296,779,060.39. WETH are under circulation, with total supply of 3.38M and the Maximum supply of 0.
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WETH Price | $3,344.79 |
Percentage Change ( 24h ) | ▼2.15% $129.70 |
24h High / Low | $3,436.35 / $3,306.65 |
Trading Volume 24h | $1,296,779,060.39 |
Volume / Market Cap | 0.11486 |
Market Dominance | - |
Market Rank | 9999 |
Market Cap | $11,289,738,203.61 |
Fully Diluted Market Cap | $11,289,738,203.61 |
All Time High | $4,879.73 ▼31.46% |
All Time Low | 0.00 ▲Infinity% |
Circulating Supply | 3,375,318 WETH |
Total Supply | 3,375,318 WETH |
Max Supply | - |