Table of Contents:
- Coin prognosis
- What is Wrapped Bitcoin coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy WBTC
Possible bearishness on Wrapped Bitcoin Downside
Over the past few weeks, Wrapped Bitcoin's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying WBTC at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
| WBTC Price | $23927.1500 USD |
| Price Change24h | $-504.0300 USD (-2.06%) |
| 24h Low / 24h High | $20616.9532 / $71273.2120 USD |
| Trading Volume24h | $19,863 USD |
| MarketCap | $5,894,331,392 USD |
What is Wrapped Bitcoin? Fundamental Analysis
Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Aug 13, 2022 | $71273.2120 | Neutral |
| September, 2022 | $ 27,352 USD | Downside |
| October, 2022 | $ 25,010 USD | Downside |
| November, 2022 | $ 29,736 USD | Downside |
| February, 2023 | $ 41,800 USD | Downside |
| August, 2023 | $ 44,110 USD | Downside |
WBTC Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Wrapped Bitcoin rise today? | Our data indicates Wrapped Bitcoin will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Wrapped Bitcoin (WBTC) in future? | Our analysis shows Wrapped Bitcoin is already past it's immediate all time high, indicating a bearish signal! |
| Will Wrapped Bitcoin (WBTC) price increase in future? | No. Our algorithms indicate that Wrapped Bitcoin (WBTC) will experience a significant decline in future. As low as $44110.4057/WBTC |
| Will an Investment in Wrapped Bitcoin (WBTC) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Wrapped Bitcoin (WBTC) in future? | $44110.4057 USD |
| Will the price of Wrapped Bitcoin (WBTC) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Wrapped Bitcoin? | Our analysis shows an end of year prognosis of 1WBTC = $44110.4057 USD. |
| Where do I buy Wrapped Bitcoin? | We have curated some great options. Buy WBTC coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like WBTC has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| August 12, 2022 | $23908.4 | $145,101 |
| August 11, 2022 | $23957.27 | $22,386,479 |
| August 10, 2022 | $23156.66 | $43,155,675 |
| August 9, 2022 | $23841.54 | $11,329,164 |
| August 8, 2022 | $23179.86 | $10,696,983 |
| August 7, 2022 | $22956.4 | $6,499,401 |
| August 6, 2022 | $23342.54 | $8,644,692 |
| August 5, 2022 | $22645.61 | $13,392,782 |
| August 4, 2022 | $22825.25 | $5,524,397 |
| August 3, 2022 | $22991.49 | $6,747,372 |
| August 2, 2022 | $23266.92 | $6,275,757 |
| August 1, 2022 | $23308.14 | $7,340,014 |
| July 31, 2022 | $23646.03 | $5,669,705 |
| July 30, 2022 | $23769.15 | $10,743,810 |
| July 29, 2022 | $23855.65 | $24,339,847 |
| July 28, 2022 | $22960.19 | $28,506,309 |
| July 27, 2022 | $21279.34 | $18,537,369 |
| July 26, 2022 | $21305.59 | $14,981,931 |
| July 25, 2022 | $22585.4 | $18,545,664 |
| July 24, 2022 | $22452.14 | $31,342,437 |
| July 23, 2022 | $22684.05 | $12,674,009 |
| July 22, 2022 | $23148.91 | $32,335,662 |
| July 21, 2022 | $23206.51 | $16,550,313 |
| July 20, 2022 | $23399.66 | $7,943,715 |
| July 19, 2022 | $22493.28 | $6,509,015 |
| July 18, 2022 | $20792.81 | $23,978,526 |
| July 17, 2022 | $21199.01 | $13,299,081 |
| July 16, 2022 | $20825.19 | $11,910,876 |
| July 15, 2022 | $20575.32 | $22,703,203 |
| July 14, 2022 | $20220.69 | $13,834,229 |
Where and How to Buy Wrapped Bitcoin (WBTC) Coin
There are 3 steps to purchasing Wrapped Bitcoin. They are:
- Buy Bitcoin: Buying Bitcoin in 2022 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase WBTC directly with USD. They are: Coinbase, Bitfinex, ftx, Yobit, .
- Move the Bitcoin to an Exchange that supports WBTC: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the WBTC/BTC trading pairs.
At the moment, WBTC is currently available for purchase with Bitcoin at Bitfinex, Binance, BitTrex, HuobiPro, OKEX, HitBTC, huobikorea, Kucoin, oneinch, uniswap, Coinbase, Binance, BitTrex, HuobiPro, Poloniex, OKEX, huobikorea, Kucoin, Yobit, bilaxy, . - Buy Wrapped Bitcoin on the Exchange: Now, you can buy Wrapped Bitcoin with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different WBTC pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | WBTC/USD | $1,246,299 USD | AA |
| Bitfinex | WBTC/USD | $487 USD | A |
| ftx | WBTC/USD | $402,646 USD | A |
| Yobit | WBTC/USD | $107 USD | D |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | WBTC/BTC | 138.0498 BTC | AA |
| Binance | WBTC/BTC | 992.6206 BTC | A |
| BitTrex | WBTC/BTC | 0.0157 BTC | A |
| HuobiPro | WBTC/BTC | 50.3661 BTC | A |
| Poloniex | WBTC/BTC | 0.0100 BTC | A |
| OKEX | WBTC/BTC | 0.3478 BTC | BB |
| huobikorea | WBTC/BTC | 39.6458 BTC | B |
| Kucoin | WBTC/BTC | 7.3601 BTC | B |
| Yobit | WBTC/BTC | 0.0023 BTC | D |
| bilaxy | WBTC/BTC | 37.0228 BTC | D |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Bitfinex | WBTC/ETH | 0.0418 ETH | A |
| Binance | WBTC/ETH | 3644.3133 ETH | A |
| BitTrex | WBTC/ETH | 0.1496 ETH | A |
| HuobiPro | WBTC/ETH | 82.2723 ETH | A |
| OKEX | WBTC/ETH | 5380.0191 ETH | BB |
| HitBTC | WBTC/ETH | 0.0035 ETH | B |
| huobikorea | WBTC/ETH | 76.8458 ETH | B |
| Kucoin | WBTC/ETH | 73.2284 ETH | B |
| oneinch | WBTC/ETH | 766.0808 ETH | - |
| uniswap | WBTC/ETH | 0.2884 ETH | - |
