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TürkçeWrapped stETH VS Wexo
VS
Wrapped stETH
Wrapped stETH is a tokenized version of staked Ether, allowing holders to unlock liquidity while still earning rewards from Ethereum's proof-of-stake consensus. It provides a flexible tool for integrating staked Ether into various decentralized finance applications, enhancing utility and accessibility. By bridging the gap between staking and liquidity, Wrapped stETH opens new opportunities for innovation within the Ethereum ecosystem.
more informationWexo
Wexo is an innovative cryptocurrency platform designed to simplify the way users interact with digital assets. By offering a user-friendly interface and a range of tools for trading and managing cryptocurrencies, it aims to enhance accessibility for both novice and experienced investors. With a focus on security and transparency, Wexo positions itself as a reliable choice in the ever-evolving crypto landscape.
more information
Wrapped stETH
Wexo
General Information |
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Title
Wrapped stETH
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Title
Wexo
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Symbol
wsteth
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Symbol
wexo
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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
2025-01-21 23:53
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Last Updated
2024-11-22 23:59
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Price Data |
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Current Price $
3949.08
$
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Current Price $
2.18
$
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High 24h
3991.75
$
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High 24h
2.18
$
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Low 24h
3795.14
$
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Low 24h
1.36
$
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Price Change 24h
63.52
$
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Price Change 24h
0.814355
$
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Price Change % 24h
1.63475
%
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Price Change % 24h
59.73548
%
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Market Data |
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Market Cap
13702614582
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Market Cap
113166754
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Total Volume
116935982
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Total Volume
1533502
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Market Cap Change 24h
254532468
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Market Cap Change 24h
42310362
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Market Cap Change % 24h
1.8927
%
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Market Cap Change % 24h
59.71284
%
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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
3474400.4681576
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Circulating Supply
51968000
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Total Supply
3474400.4681576
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Total Supply
928000000
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Max Supply
-
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Max Supply
928000000
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Historical Data |
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All Time High (ATH)
7256.02
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All Time High (ATH)
3.65
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ATH Change %
-45.5427
%
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ATH Change %
-46.37401
%
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ATH Date
2022-05-13 15:09
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ATH Date
2024-06-15 15:17
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All Time Low (ATL)
558.54
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All Time Low (ATL)
0.827884
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ATL Change %
607.4573
%
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ATL Change %
136.65409
%
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ATL Date
2022-05-13 01:36
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ATL Date
2024-11-17 03:02
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Wrapped stETH
Introduction to Wrapped stETH
Wrapped stETH (wstETH) is a fascinating development in the world of decentralized finance (DeFi), built upon the Ethereum blockchain. Designed to be a tokenized version of stETH, it represents staked Ether on Lido Finance, offering enhanced utility and flexibility across various platforms.
The Mechanics Behind Wrapped stETH
Unlike its counterpart stETH, Wrapped stETH is an ERC-20 token that allows for seamless integration into the Ethereum ecosystem of decentralized applications. This tokenization aspect ensures that wstETH can be leveraged in DeFi platforms where stETH itself may not be directly compatible.
The Pros of Wrapped stETH
One significant advantage of wstETH is its usability. By wrapping stETH into an ERC-20 format, it opens up opportunities in decentralized exchanges, yield farming, and liquidity pools. Additionally, wstETH retains the value associated with staked Ethereum, offering users the ability to earn rewards while utilizing their assets in various DeFi applications.
Challenges and Considerations
Despite its utilities, Wrapped stETH isn't without challenges. Its value is directly tied to the performance and security of the Ethereum network, including the smart contracts of Lido Finance. Additionally, the volatility of the crypto market can impact wstETH's appeal as an investment.
Historical Performance
The price history of wstETH reflects the broader trends of the cryptocurrency market. Notably, it reached its all-time high of $7256.02 in May 2022. However, it has since experienced significant fluctuations, dropping around 58.46% from its ATH. Conversely, it has risen significantly from its all-time low of $558.54, showcasing its resilience and potential for growth.
Future Outlook
The future of Wrapped stETH is closely tied to the adoption of Ethereum 2.0 and the DeFi market's expansion. As the Ethereum network continues to evolve, with its transition towards a more scalable and energy-efficient model, products like wstETH could see increased demand. Furthermore, as more investors and developers recognize the benefits of DeFi, Wrapped stETH might become a staple token for leveraging staked Ether in various applications.
Conclusion
Wrapped stETH presents an exciting opportunity in the DeFi landscape, balancing the value of staked Ether with the utility of an ERC-20 token. Despite market volatility, its integration potential and the growth of the Ethereum network position it as a promising asset for the future.
Wexo
Understanding Wexo: A Comprehensive Overview
The world of cryptocurrencies continues to evolve rapidly, and Wexo stands out as a noteworthy player in this landscape. With a focus on providing a seamless payment experience, Wexo has gained attention for its technological innovations and user-friendly features. This article aims to delve into the background, advantages and disadvantages, past performance, and future prospects of the Wexo coin.
Background and Purpose of Wexo
Wexo is designed as a multi-functional cryptocurrency with the intent to facilitate transactions within its ecosystem. The project was launched to streamline payments, making it simple for users to engage with digital assets. Its official website and whitepaper provide detailed insights into its mission, vision, and the technological workings behind it. For more in-depth information, you can access the whitepaper [here](https://wexopay.com/legal/Whitepaper_EN.pdf).
Advantages of Wexo
One of the primary advantages of Wexo is its user-friendly interface, which encourages adoption among both crypto novices and seasoned traders. Additionally, the strong market capitalization of approximately $154 million, alongside a robust circulating supply of 51,968,000 Wexo coins, suggests a level of stability and investor confidence. Furthermore, its relatively low price point of around $2.99 enables accessible entry for a wider audience.
Disadvantages of Wexo
Despite its advantages, Wexo does face challenges. The coin's all-time high price of $3.65 reached in June 2024 reflects volatility, with a noticeable drop since then. This signals potential risks for investors, particularly those with lower risk tolerance. Moreover, the total supply of Wexo is capped at 928 million coins, which could lead to inflationary pressures if demand does not keep pace with supply growth.
Historical Price Performance
Analyzing the historical price movements, Wexo has witnessed significant fluctuations. The journey began with the all-time low (ATL) of $1.22 recorded in January 2024, followed by a remarkable recovery which saw it hit its highest price by mid-year. This trajectory showcases the coin's potential resilience in the face of market downturns, yet it also highlights that the market can be unpredictable, thus requiring thorough research before investing.
Future Prospects for Wexo
Looking ahead, the future prospects for Wexo appear promising, provided that the project continues to innovate and expand its user base. As digital payment systems become increasingly integrated into everyday life, coins like Wexo that prioritize usability may capture significant market share. Furthermore, ongoing developments and potential partnerships could enhance its functionality, ultimately leading to greater demand among users and investors.
Conclusion
In summary, Wexo presents a unique proposition within the cryptocurrency sector with its focus on streamlined payment solutions. While there are evident advantages such as user accessibility and solid market performance, potential investors should remain cautious of its volatility and inherent risks. As always, it’s essential to conduct thorough due diligence and stay informed about market dynamics before making investment decisions. With its strategic direction and community engagement, Wexo could very well play a significant role in the future of cryptocurrency transactions.