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WETH

cryptocurrency May 26, 2023

Advertisements A recent surge in Multi-Collateral DAI repayments via wETH suggested a potential trend for Ethereum. Despite marginal losses, Ethereum’s current trading price and resistance zone indicated an interesting market landscape. The value of Ethereum, mainly its wrapped variant wETH, has historically been influenced by a metric called Multi-Collateral DAI repaid. Notably, there has been […]

cryptocurrency November 28, 2022

Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Advertisements Recent price corrections triggered by the collapse of FTX exacerbated fears […]