WBTC or Wrapped Bitcoin is a token based on ERC-20 intending to represent Bitcoin in the Ethereum network. It has a decentralized finance or Defi environment that helps users to use Bitcoin in the Ethereum system. Since Bitcoin backs WBTC, it has a 1:1 price ratio with BTC. WBTC follows the trend of Bitcoin’s value and assets to exhibit it lucidly. It is also called a stable coin because its value is tied to BTC.
WBTC Current Price and Market Cap
Wrapped Bitcoin has a market capitalization of around $12.8 billion. The price of a single token is nearly identical to Bitcoin, around $46,600. By the end of 2022, its prices have a high probability to soar above $60,000. Comparing the prices over the month has shown a good boost in charts. Its circulating supply is around 275,329.86 WBTC. Wrapped Bitcoin had an all-time high of $70,643.40 in November 2021 and an all-time low of $3,139.17 in April 2019.
Let’s read more about Wrapped Bitcoin price prediction for upcoming years.
Wrapped Bitcoin Price Prediction 2023, 2024
According to WBTC’s price analysis, 2023 should kick off with a minimum of $53,000 per coin. Which should average about $60,000. This trading value may as well be over $70,000 by May to July 2023, above $80,000 by August to October 2023. Some suggest the price to topple $90,000 by 2023 end.
WBTC should price around $80,000 to $95,000 in January 2024. From April to June 2024, the prices are sure to reach more than $100,000. It should end the year with a maximum price of $139,000.
Wrapped Bitcoin Price Prediction 2025, 2027
The Wrapped Bitcoin at the start of 2025 should price at about $115,000 with a maximum trading value of $132,000 in January. Investments in this digital currency should breed success due to its prices toppling over $150,000 to $175,000 on average in December 2025. Different results support WBTC prices to cross $200,000 by March to May 2026 and $250,000 by December of the same year. While 2027 may start with WBTC costing almost $255,000 per token, some foretell its prices to go beyond $400,000 by December 2027.
Wrapped Bitcoin Price Prediction 2028, 2030
Because the crypto industry is still up and running (which is to be highly expected), 2028 shall see the prices go by about $500,000 by its final quarter. Expectations for 2029 start from about $550,000 on average and cross over $850,000 at the end. Whereas by mid-2030, WBTC should be priced at $1,100,000, ending the year with a maximum of $1,133,000.
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