Wrapped tokens such as weth or wrapped bitcoins are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point.
What is the weth price today?
The weth price today is $3,216.49 USD with a 24-hour trading volume of $2,488,570,664 USD. There has been an increase in the number of wrapped tokens. Wrapped Ether is the most popular among all the tokens. Weth crypto is used as a representation of Ether to be able to trade and exchange other tokens.
How does wrapped Ethereum works?
If you have weth crypto and by a custodian holding your Ether and issuing you with weth in return. It is important to note that the weth price is equal to Ether price. These custodians are traders, multi-signature wallets with weth wallet or a smart contract. It can be unwrapped at any time to get back your native Ether. The weth crypto is required on the Ether blockchain to exchange tokens in the decentralised applications without a trusted third party. There
are also no risks and unexpected faults arising from complexities in the transaction.
What is interactivecryto in the in the wrap Ethereum?
Interactivecrypto is basically a Bitcoin tracker that lets you track cryptocurrency prices and analyse cryptocurrencies prices in your hand. The latest crypto prices for hundreds of crypto coins like Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Binance Coin, Litecoin, Ripple, Ethereum Classic, IOTA and more. InteractiveCrypto is fast becoming the leading cryptocurrency platform.