Im Nayeon
Familiar Face
bitcoin is still more dominant
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Go to coinmarketcap and check for yourself you gonna discover the wrapped Bitcoin that is very similar to Bitcoin. In fact no difference in price value, its following Bitcoin hand in hand. You can check that for yourself in the website i shared for you.nope, there is no coin that has the same value as bitcoin, but there are other coins that are worth some decent value for sure, such as Ethereum, it's mostly above 1000$ in the last weeks
very similar means same price, wrapped bitcoin costs only around 23.000$ which is way far from the current value of bitcoin which is more than 37.000$, we are talking here about coins that got equivalent price of bitcoinGo to coinmarketcap and check for yourself you gonna discover the wrapped Bitcoin that is very similar to Bitcoin. In fact no difference in price value, its following Bitcoin hand in hand. You can check that for yourself in the website i shared for you.
The reason why bitcoin is so famous and people are interested in it is that. Bitcoin is the first crypto currency and every other crypto currency follows it's lead. if it's price should rise from $1 to $100. All other countries will also increase in such rateYes YFI is that cryptocurrency which is about equal to bitcoin but I don't know why Bitcoin is so famous and people are serious about Bitcoin YFI and other cryptocurrencies are also so important but Bitcoin has his own importance and publicity
yes i agree with you that bitcoin has become a base coin that leads all other coins value when bitcoin value goes up then other coins also get high value and same time theu go down when bitcoin goes downIt's definitely as a result of the fact that Bitcoin has become a base coin that most of the coins in the crypto currency market act on. You won't understand this unless you have taken your time to view how even ETH and Bitcoin cash reacts when Bitcoin dumps your r pumps. So, it's the system programming that makes it so.
I am hearing the name Wrapped bitcoin do the first time, I have heard about bitcoin cash, and I believe wrapped bitcoin too is created by bitcoin, bitcoin is the first crypto and whenever it drop, other coin might drop too.Did you notice that, their is a similar coin of Bitcoin. It follows the market price of Bitcoin, which is peaked at $32k per token. If Bitcoin price rises it follows and rise, when the price of Bitcoin drops down, the coin drops down as well. The name of the coin is Wrapped Bitcoin. I believed you know about this coin, i don't know why the coin is built to work hand in hand with Bitcoin.
Do you think Wrapped Bitcoin and Bitcoin operate on same blockchain?? Or it is created as a makeshift to Bitcoin?? I need your answer on this one!!