WBTC Price Prediction 2030 || By the end of 2022, the price of bitcoin will be around Rs 1.85 crore!
Friends, in today’s article we are going to talk about Wrapped Bitcoin Coin. We can also call it the younger brother of bitcoin. It is very similar to bitcoin but only it works on other blockchains apart from bitcoin. About which we will read below.
If you also want to get all the information about wrapped bitcoin coin, you also want to know what is wrapped bitcoin coin, how it works, what is the price of wrapped bitcoin coin, total supply of wrapped bitcoin coin, its maximum What is the supply, etc. then you are absolutely right place. In today’s article we will know about all these things.
Before knowing all that, I want to tell you that you should not underestimate this coin at all. If you are reading this, it is the younger brother of bitcoin in the above mentioned line, or are taking it lightly, then for your information, let me tell you that there have been many times when its price would have increased many times more than the price of bitcoin. Is. Just in the middle, the price of this coin was 10 times more than bitcoin.
What is ripped bitcoin
Wrapped Bitcoin, codenamed “WBTC”, is a copy of linseed bitcoin that works on the ethereum blockchain. Or we can also say that it is a token of bitcoin which has been launched on the ethereum blockchain.
The main purpose of launching this coin was that in the earlier times when Ethereum was launched, due to the advance technology of Ethereum, people started using ETH. But there was also a danger with Ethereum that a 51% attack on it could happen at any time. Because of which people wanted to use bitcoin at the same time. So that’s why the team at Bitcoin pulled out their token on top of the Ethereum blockchain. This token is in 1:1 ratio with bitcoin.
One reason for making this was also that people who were using the Ethereum node for transactions were not able to use the Bitcoin node. So to overcome this problem also Wrapped Bitcoin was launched on the Ethereum blockchain.
What is Wrapped Bitcoin
Bitcoin is having a rough time since the crypto market crash in mid-May. The most trusted coin that has propelled cryptocurrencies to new heights has been falling steadily for some time now. However, a recent tweet by Tesla and SpaceX owner and the world’s biggest influencer of cryptocurrency, Elon Musk, re-adopting bitcoin as payment in the future, has started raising the price of bitcoin again. Gave.
Even as investors and traders are losing confidence in bitcoin, billionaire venture capitalist Tim Draper says he will still stick to his initial prediction, which he said will see bitcoin by the end of 2022 or the beginning of 2023. $2,50,000 (approximately Rs 1.85 crore).
History of Wrapped Bitcoin
Wrapped Bitcoin was listed on 1 February 2019 on the coin market cap website. At the time of its listing, it was priced at ₹2,46,995. Now because everyone knew that this coin has been created by the team of bitcoin. So for this reason everyone liked this coin very much and as soon as this coin came in the market, this coin created panic.
Within 5 months of the listing of this coin, its value had exceeded ₹ 7,00,000. But then as we all know that there have been many market crashes between 2019 and 2021, due to which its price was also affected a lot. And after reaching above ₹7,00,000, there was a fall in its price. And in March 2020, its price went down to ₹ 3,80,000.
After some time, as soon as the market started recovering, its price suddenly started increasing very much and increasing its price increased to more than ₹ 47,46,000 in April 2021. Talking about the all-time high of this coin, it happened in September 2021 when its price exceeded ₹ 49,00,000.
Wrapped Bitcoin is not created by a single person. This is a project developed by Key 3 Exchange. Whose names are BitGo, Kyber Network and Ren.
How much is ripped bitcoin
The maximum supply of wrapped bitcoin has not yet been disclosed. And talking about its total supply, it is 258,940 wrapped bitcoins. In words, this is about 2 lakh wrapped bitcoins.
At the time of writing this article the circulating supply of Wrapped Bitcoin is 258,940.01 WBTC.
Wrapped Bitcoin Price – Today price of Wrapped Bitcoin
According to the Coin market cap website, the price of Wrapped Bitcoin is ₹3,822,376.36 at the time of writing this article. Its low of last 24 hours has been ₹3,584,698.80 and high has been ₹3,823,570.21. And it has increased by a complete of 6.32% in the last 24 hours. And its trading volume has gone up to ₹13,192,811,261 which has fallen by 9.78%.
How to buy ripped bitcoin
To buy any type of cryptocurrency, we need a crypto exchange. Whether you want to buy any bitcoin or dogecoin or shiba inu coin or any other. To buy all these coins you need to register with the cryptocurrency exchange. Talking about India’s biggest and best cryptocurrency, it is WazirX. WazirX is a part of the world’s largest cryptocurrency exchange, Binance. So you can count on it.
Step No: 1
You have to first register on any one cryptocurrency exchange, if you want, you can register on WazirX which I have mentioned or there are other crypto currency exchanges in the market such as DCA, Toys Kuber, etc.
Step No: 2
After registering, you can use UPI, Bank Transfer, etc. payment option to deposit money in your account.
Step No: 3
After depositing money, go to the search box and search WBTC. After that click on the first coin.
Step No: 4
Now you can buy as many Wrapped Bitcoin Coins as you want according to your budget.
What is the future of Wrapped Bitcoin – Future price prediction of Wrapped Bitcoin
According to many speculations and wise traders, the price of this coin could be $81,329.37 in 2022. And this is because everyone believes that the price of bitcoin will go up to $ 100000, then this coin, which is a copy of bitcoin itself, can also see so much growth in its price.
what did you learn today
Today you have got all the information about Wrapped Bitcoin. Such as What is Wrapped Bitcoin, what is its history(History of Wrapped Bitcoin in Hindi), where is it used, how much is Wrapped Bitcoin(Total Number of Wrapped Bitcoin in Hindi), Wrapped What is the price of Bitcoin (Today Price of Wrapped Bitcoin in Hindi) and finally we will know about the future of Wrapped Bitcoin (Wrapped Bitcoin future price prediction today), etc.
I hope that after reading this article today all the questions related to Wrapped Bitcoin Coin in your mind will be over. If you think that your questions are not over yet then maybe you have not read the article carefully. So you can take a look at the article once again. And if you still do not get your answer, then you can tell us your question through the comment below, we will answer your every question in the comment below.
Before leaving, do tell in the comments how you liked this article. If you want to make some improvements in this article or you think that some changes are needed in it, then you can also tell us in the comments.
The information provided on this website is for educational and entertainment purposes only. The information provided on this website does not constitute investment advice, financial advice or trading advice. Does not recommend buying any cryptocurrencies. Crypto markets are highly volatile and crypto investing is risky. Readers should do their research on cryptocurrencies and consult their financial advisor before making any crypto investment.
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In a statement to CNBC, billionaire venture capitalist Tim Draper said he still believes the price of bitcoin will reach $250,000 by the end of 2022 or early 2023. Let us inform that Draper had made the same prediction for the first time in 2018, when bitcoin was trading at $ 8,000 (about Rs 5.9 lakh). Even after the tremendous fall in bitcoin, he is standing by his point.
Bitcoin has seen tremendous growth this year. The coin was at its peak in April, when its all-time high was $65,000 (approximately Rs 48 lakh), but in May its value declined by more than 50 percent. As of writing the news, the bitcoin price in India on WazirX was Rs 29.5 lakh.
He said that he thinks his prediction will be correct. However, at the same time, he also said that either his statement will prove to be absolutely right or completely wrong.
Draper believes that more people will start investing in cryptocurrencies in the times to come. In addition, he also says that in the coming year and a half, retailers will also switch to OpenNode (a bitcoin payment processor), so everyone will start accepting bitcoin.
Those who do not know, tell them that Tim Draper is 63 and he is a famous Venture Capitalist. Tim has made billions in early-stage investments in companies like Twitter, Tesla, SpaceX and Skype, and he also has major investments in Bitcoin.