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TürkçeCoinbase Wrapped Staked ETH VS WOO
VS
Coinbase Wrapped Staked ETH
Coinbase Wrapped Staked ETH offers users a way to participate in Ethereum's staking process while maintaining liquidity. By wrapping staked ETH, it provides a tradable asset that can be easily exchanged or utilized across various decentralized finance platforms. This innovation enhances the flexibility and accessibility of staking, making it more appealing to a broader range of investors.
more informationWOO
WOO is a cryptocurrency that aims to enhance liquidity and efficiency in the crypto-trading ecosystem. It offers users access to deep market liquidity and zero-fee trading, making it an attractive option for both retail and institutional traders. WOO's network is designed to provide seamless interoperability across various trading platforms, enhancing the overall trading experience.
more information
Coinbase Wrapped Staked ETH
WOO
General Information |
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Title
Coinbase Wrapped Staked ETH
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Title
WOO
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Symbol
cbeth
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Symbol
woo
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Whitepaper
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Whitepaper
-
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-03-08 23:58
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Last Updated
2025-03-08 23:59
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Price Data |
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Current Price $
2401.08
$
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Current Price $
0.096055
$
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High 24h
2431.39
$
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High 24h
0.098471
$
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Low 24h
2312.82
$
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Low 24h
0.0953
$
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Price Change 24h
63.95
$
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Price Change 24h
-0.0019923584915498
$
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Price Change % 24h
2.73611
%
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Price Change % 24h
-2.03204
%
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Market Data |
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Market Cap
322909577
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Market Cap
178845493
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Total Volume
4243709
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Total Volume
9614523
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Market Cap Change 24h
8122029
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Market Cap Change 24h
-3635204.5820207
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Market Cap Change % 24h
2.58016
%
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Market Cap Change % 24h
-1.9921
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
134532.36271449
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Circulating Supply
1862449920.4915
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Total Supply
373734.09822321
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Total Supply
2218868005.0374
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Max Supply
-
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Max Supply
2218868005.0374
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Historical Data |
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All Time High (ATH)
4434.57
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All Time High (ATH)
1.78
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ATH Change %
-45.91138
%
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ATH Change %
-94.60591
%
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ATH Date
2024-12-16 18:55
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ATH Date
2021-11-15 13:44
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All Time Low (ATL)
1036.96
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All Time Low (ATL)
0.02211546
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ATL Change %
131.31139
%
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ATL Change %
333.73635
%
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ATL Date
2022-11-09 23:45
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ATL Date
2021-01-04 10:19
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Coinbase Wrapped Staked ETH
What is Coinbase Wrapped Staked ETH (cbETH)?
Coinbase Wrapped Staked ETH (cbETH) is a token that represents staked Ethereum on the Coinbase platform. As a wrapped asset, cbETH allows users to engage with the Ethereum network while also earning rewards from staking. The integration of cbETH into the Coinbase ecosystem serves dual purposes: it enables liquidity for staked funds and expands user participation in DeFi through Ethereum's extensive network.
The Mechanics of Wrapped Tokens
cbETH operates as a derivative of Ethereum, meaning it retains the value and benefits of the underlying staked ETH. Wrapped tokens like cbETH are particularly advantageous as they provide liquidity to otherwise locked-up funds without manually unstaking them. This liquidity is crucial for users who wish to remain active in the decentralized financial system.
Advantages of Coinbase Wrapped Staked ETH
A significant advantage of cbETH lies in its flexibility. Users can stake their Ethereum to earn rewards while still having the ability to trade or utilize cbETH in various DeFi applications. This setup offers an attractive blend of earning opportunities and liquidity management. Moreover, integrating with one of the most trusted platforms, Coinbase, enhances user confidence in the security and reliability of the staking process.
Potential Drawbacks of cbETH
Despite its advantages, cbETH is not without challenges. The volatility inherent in the crypto market affects cbETH's value. As a derivative, it is also subject to smart contract risks and potential liquidity issues during market downturns. Additionally, the reliance on Coinbase as the central platform for this wrapped token introduces a degree of centralization, which may conflict with the decentralized ethos of blockchain technology.
Historical Performance Analysis
Since its release, cbETH has seen varying levels of market interest and price performance. The highest recorded price for cbETH was $4335.7 on March 12, 2024, indicating significant demand during bullish market phases. Conversely, its lowest point was $1036.96 on November 9, 2022, during more uncertain market conditions. These fluctuations reflect broader trends in the cryptocurrency space where prices are heavily influenced by market sentiment and macroeconomic factors.
Future Prospects and Market Considerations
The future outlook for cbETH hinges on Ethereum's continued transition to proof-of-stake and its role in DeFi. As Ethereum strengthens its position in the blockchain ecosystem, cbETH's utility as a staking derivative could be increasingly compelling. Nonetheless, prospective investors must consider the regulatory landscape, market volatility, and advancements in competing staking solutions.
Conclusion
Coinbase Wrapped Staked ETH offers a synthesis of staking rewards and asset liquidity that appeals to many in the crypto community. Its success largely depends on Ethereum's developments and market acceptance of staking coins. As the blockchain sphere evolves, cbETH remains a noteworthy option for those looking to leverage Ethereum's network benefits while mitigating the liquidity constraints of traditional staking.
WOO
Introduction to WOO: An Emerging Cryptocurrency
WOO, a promising digital asset, has gained attention within the cryptocurrency community due to its unique features and market dynamics. With a focus on providing deep liquidity and cost-effective trading solutions, WOO has carved a niche for itself in the increasingly crowded space of cryptocurrencies. This article will explore the journey of WOO, its strengths and weaknesses, and its future potential.
The Evolution of WOO
The WOO token has a rich history that reflects both the volatility and opportunity within the crypto markets. After hitting an all-time high of $1.78 on November 15, 2021, it has since corrected significantly, with current prices hovering around $0.199. Despite this decline, the asset remains significantly higher than its all-time low of $0.02211546, recorded on January 4, 2021. This journey underscores the resilience and potential growth of WOO amidst various market conditions.
Advantages of WOO
One of the standout advantages of WOO is its deep liquidity network. The token is integral to the WOO Network, which aims to provide liquidity solutions to various trading platforms and users. This focus on high liquidity can translate into better price execution and reduced trading costs. Additionally, the WOO ecosystem offers a zero-fee trading model for its users, which can be a significant attraction for traders seeking cost-effective solutions.
Challenges Facing WOO
Despite its advantages, WOO faces several challenges, primarily due to the high level of competition in the crypto space. Many projects are vying for market share within the liquidity and trading sphere, which could impact WOO's growth. Furthermore, the cryptocurrency market's inherent volatility means that WOO, like many other digital assets, can experience significant price fluctuations that may deter risk-averse investors.
Market Performance and Adoption
WOO's market performance has shown promise, with a market cap of over $364 million and a circulating supply of approximately 1.83 billion tokens. The token's adaptability and utility in facilitating efficient transactions have garnered attention, contributing to its robust market presence. However, the token's price is still recovering from the broader market downturns of recent years.
Future Prospects for WOO
WOO's future appears bright, driven by its unique value proposition in the crypto market. With ongoing developments in its ecosystem and a strategic focus on catering to both retail and institutional traders, WOO is well-positioned to capitalize on the growing demand for efficient trading solutions. As the cryptocurrency market continues to evolve, WOO's commitment to innovation and user-centric solutions could propel it further into the spotlight. However, success will largely depend on its ability to differentiate itself and deliver consistent value in a highly competitive environment.
Conclusion
In conclusion, WOO stands out as a cryptocurrency that offers significant promise in terms of liquidity provision and cost-effective trading solutions. Its journey from extreme lows to notable highs and the potential for future growth illustrate a compelling narrative of resilience and adaptability. While challenges exist, WOO's strategic positioning could make it a key player in the digital asset landscape in the years to come.