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What Is Wrapped Bitcoin (WBTC)? What Are The Differences with Bitcoin



Bitcoin is the most popular and largest cryptocurrency in the world. Many people refer to the cryptocurrency market when they mention Bitcoin. In this guide, we are going to provide information on wrapped Bitcoin, which is basically allowing bitcoin to function on another cryptocurrency blockchain, Ethereum.

You can consider this concept as a new cryptocurrency due to its nature and opportunities. Moreover, it offers great versatility in your transactions and operations. After all, it was created to provide convenience for cryptocurrency holders and traders.

Although it is a young concept, it managed to be popular in a very short time and was accepted by the majority of traders all around the world.

What Is Wrapped Bitcoin?

Wrapped Bitcoin, which is also known as WBTC, is actually regular Bitcoins that are represented on a different blockchain. It is designed to operate on the Ethereum blockchain and as a result, it is classified as an ERC-20 token.

Its value totally depends on Bitcoin. This coin was developed to provide a solution to the liquidity and stability problems of Bitcoins on the Ethereum network. Of course, both coins mutually benefit from this concept.

It was first introduced in January 2019 as a joint project between the protocols that are taking place in the ecosystem of Defi. Its purpose was to provide more liquidity in the ecosystem, and it perfectly achieved its goal in a very short time by reaching worth million dollars.

Can You Buy or Sell Wrapped Bitcoins?

Of course, you can easily trade wrapped Bitcoins without any limitations. In fact, it is quite easy to trade these coins. You can find a wide range of partner merchants on the market and perform your transactions with the ease of mind.

However, it will be worth nothing that the trade can only be performed for Bitcoin. This means that you can sell or buy these WBTC coins in exchange for Bitcoin. Later on, you can convert your Bitcoins to different currencies.

Since these are wrapped coins, you need to unwrap them in your WBTC wallet to exchange them for Bitcoins. The transaction will take seconds to complete and then you can use your Bitcoins in any means.

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Ripple long term price prediction 2023




It is difficult to make accurate long-term predictions about the future of Ripple, as the value of Ripple and other cryptocurrencies is highly volatile and subject to a variety of factors. Additionally, the use and adoption of Ripple and other cryptocurrencies is still in its early stages, and it is not yet clear how it will evolve over time.

However, some experts believe that Ripple has the potential to become more widely accepted and adopted in the future, which could drive its value higher. For example, Ripple has partnerships with several major financial institutions, and is focused on providing solutions for cross-border payments and other financial services. If these partnerships continue to grow and expand, it could drive demand for Ripple and potentially lead to higher prices.

Additionally, the increasing use of blockchain technology in the financial sector could also drive demand for Ripple. Ripple’s technology is designed specifically for use in the financial industry, and its focus on providing solutions for cross-border payments and other financial services makes it well-suited for this market. As the use of blockchain technology in finance continues to grow, it is possible that Ripple’s technology could become more widely adopted, which could drive demand for the cryptocurrency and potentially lead to higher prices.

Overall, it is difficult to make accurate long-term predictions about the future of Ripple and other cryptocurrencies. While there are many factors that could potentially drive their value higher

Ripple ATH and ATL

ATH and ATL are terms that are commonly used in the cryptocurrency market to refer to the all-time high (ATH) and all-time low (ATL) prices of a particular cryptocurrency. The ATH is the highest price that a cryptocurrency has ever reached, while the ATL is the lowest price that it has ever reached.

In the case of Ripple, its ATH price occurred on January 4, 2018, when the price reached a high of $3.84. Its ATL price occurred on December 6, 2020, when the price reached a low of $0.20. Since then, the price of Ripple has fluctuated, but has generally been trending upwards.

It is important to note that the ATH and ATL prices of a cryptocurrency are not necessarily predictive of its future price movements. The value of cryptocurrencies is highly volatile and subject to a variety of factors, so it is difficult to make accurate predictions about their future performance. As with any investment, it is important to carefully consider the potential risks and rewards before making a decision to invest in Ripple or any other cryptocurrency.

Ripple and SEC

The Securities and Exchange Commission (SEC) is a US government agency that is responsible for regulating the securities industry and protecting investors. The SEC has taken a keen interest in the cryptocurrency market, and has issued a number of statements and guidelines regarding the regulation of cryptocurrencies.

In the case of Ripple, the SEC has taken the position that Ripple’s XRP token is a security, rather than a currency. This means that Ripple would be required to register with the SEC and comply with relevant securities laws, including those related to the offering and sale of securities.

Ripple has disputed the SEC’s position, and has argued that XRP is a currency, rather than a security. The company has also pointed to the fact that XRP is widely used as a currency, and that it has utility outside of the Ripple platform.

The dispute between Ripple and the SEC is ongoing, and it is not yet clear how it will ultimately be resolved. However, the SEC’s position on the matter could have significant implications for Ripple and the broader cryptocurrency market. If the SEC’s position is upheld, it could impact the way that Ripple and other cryptocurrencies are regulated and traded in the United States.

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What Exactly Is ApeCoin (APE)? Tokenomics and Current Price



On March 16, 2022, the APE Foundation announced the launch of the ApeCoin token. ApeCoin is a currency for culture, gaming, and commerce that the community possesses and can grow, which is governed by the ApeCoin DAO. ApeCoin is controlled by the APE Foundation. APE is a cryptocurrency aimed at boosting the club’s community.

The NFT collection of the Bored Ape Yacht Club (BAYC) will accept ApeCoin as a token. Let’s not forget that the NFT collection of Bored Ape Yacht Club is one of the most valuable by market capitalization. Following its launch in 2021, BAYC by Yuga Labs swiftly earned a reputation, drawing the attention of celebrities such as Mark Cuban, Stephen Curry, Serena Williams, Eminem, Paris Hilton, and others. BAYC will use ApeCoin in its upcoming projects.

How ApeCoin (APE) Works

Each token holder in the ApeCoin DAO will have a vested interest in the organization’s growth. The DAO’s special council (the Board) will be made up of Web3 veterans, along with gaming and technology mind leaders . The Board is in charge of supervising DAO members’ choices. Alexis Ohanian (co-founder of Reddit; general partner and founder of Seven Seven Six), Amy Wu (head of ventures and gaming at FTX), Maaria Bajwa (principal at Sound Ventures), Yat Siu (co-founder and chairman of Animoca Brands), and Dean Steinbeck (president and general counsel at Horizen Labs) make up the initial Board.

ApeCoin will be used in the APE ecosystem as a utility token. Token holders can use the token to buy additional products and services, such as a play-to-earn game developed by BAYC and nWay. What’s more, Animoca Brands accepts ApeCoin in the Benji Bananas game. “Today we’re making the ‘Club’ greater with ApeCoin,” said Alexis Ohanian, a special council member of the ApeCoin DAO, about the release of APE. After that, Alexis Ohanian added: “Every day, Web3 is becoming more and more integrated into our art, music, and culture, and it all begins with community. This community, I believe, will grow, spread, partner, and disrupt in a massive way.”

Token Distribution of ApeCoin (APE) 

The ApeCoin DAO includes a one-of-a-kind NFT with a blue edition of the Bored Ape Yacht Club logo. This NFT transfers all intellectual property rights and privileges associated with the logo to the ApeCoin DAO, whose members can decide among themselves how to use the intellectual property. “The community has been desiring ApeCoin for a long time now,” said Nicole Muniz, CEO of Yuga Labs, “therefore we’re delighted to see it come to life through community ownership.” Yuga Labs will continue to create products and experiences that are full of new ideas and excitement.”

Moreover, Yat Siu, executive chairman and co-founder of Animoca Brands, stated: “Animoca Brands is pleased to tap into the excitement of the BAYC community and make APE purchases available right away in Benji Bananas Adventures,”. After saying that, Yat Siu added the following:”As a special council member of the ApeCoin DAO, I’m happy to have a front-row seat and to support the community as the gaming sector changes along with web3 innovation.”

APE is an ERC-20 token and will be able to be used in four different ways.

1- Governance: The governance token of ApeCoin Dao is APE. The holders of APE tokens have the right to participate in voting on governance decisions.

2- Assembling the way of payment: APE ecosystem has its own utility token, APE, that can be utilized to buy products, items, goods, and services.

3- Access: ApeCoin will also serve as a gate token, allowing users to gain access to particular areas of the ecosystem, such as events and unique games.

4- Incentivise:

By integrating APE into services, games, and other projects, ApeCoin can become a tool that can allow third-party developers to engage in the ecosystem.

Tokenomics of ApeCoin (APE)

The ApeCoin tokenomics haven’t been revealed to the public yet, but based on what is known so far, there will be a total quantity of 1 billion ApeCoin tokens. Their website has information about token distribution. The distribution of the airdrop will be determined by whether the NFT owner owns a Bored Ape or a Mutant Ape, as well as if the NFT is linked with a Bored Ape Kennel Club NFT.

The Token Price of ApeCoin (APE)

The price of ApeCoin on Binance is 7.80$ as of the time I am writing this article.

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What is Illuvium and the Illuvium Token (ILV)?




Illuvium is a forthcoming blockchain game set in an open-world RPG environment. Players gather a collection of creatures known as Illuvials, each of which has a different class and affinity. There are five classes and five affinities, each with their own set of strengths and drawbacks. Your Illuvials become more strong as you defeat other players and complete objectives.

Illuvium (ILV) is an Ethereum-based ERC-20 token with a variety of uses in the game and ecosystem. The ILV price is set by a combination of staking utility and speculation about the game’s performance. The token is available in two versions: ILV and sILV. ILV awards take a year to mature, whereas sILV can be used right away in the game. There will only ever be 3 million ILV and sILV combined, resulting in a finite total supply. Because so many people have already staked their coins, the circulating supply will be reduced. ILV has three main applications:

1. ILV coins are awarded to players for their achievements and victories in the game.

2. ILV can be staked in the Illuvium Vault by holders. Stakers are rewarded in ILV or sILV.

3. Through the Illuvium Decentralized Autonomous Organization (DAO), holders can participate in the game’s governance. The Illuvinati Council allows the community to collaborate on game improvement requests and other governance model improvements.

Users moving ILV and sILV will have to pay Ethereum gas fees because they are ERC-20 tokens. We have yet to see how they can properly add ERC-20 transactions into the game while keeping it reasonable, given how pricey these can be. Illuvium’s current market price and all-time high can be found on Binance and Coinmarketcap.

How to Purchase Illuvium (ILV)

Illuvium may be purchased easily on the Binance cryptocurrency exchange. You must first open a Binance account and fulfill both the KYC and AML requirements. After you’ve registered and logged in, you’ll need to do the following:

  1. Hover your mouse over the [Trade] tab and select either the [Classic] or [Advanced] trading view.
  • Select a trading pair by hovering over it and searching for ILV. In this example, we’ll use [ILV/BUSD].
  • Enter the amount you want to buy and select an order type. A market order is the quickest and most straightforward way to buy ILV. Before clicking [Buy ILV], double-check the details of your order.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.