Altcoin Built to Boost Bitcoin Soars 90% in One Day As BTC DeFi Narrative Takes Over – Cryptonium


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Altcoin Built to Boost Bitcoin Soars 90% in One Day As BTC DeFi Narrative Takes Over

Today, the cryptocurrency market saw a huge surge in activity as altcoin built to boost Bitcoin soared 90% in one day. The sudden increase was driven by the increasing popularity of decentralized finance (DeFi) applications, which are becoming more and more popular with crypto investors.

The altcoin is called WBTC (Wrapped Bitcoin), and it is designed to bring liquidity from traditional markets into DeFi protocols such as Compound Finance or Uniswap. By wrapping BTC tokens into Ethereum-based ERC-20 tokens, users can use their existing holdings for trading on these platforms without having to go through long KYC processes or wait days for deposits/withdrawals from exchanges – something that has been a major bottleneck until now when it comes to using cryptocurrencies within DeFi protocols.

In addition, WBTC also allows users who don’t own any Bitcoins yet but still want access to the world’s most valuable cryptocurrency; they can buy WBTC directly on various exchanges like Coinbase Pro or Binance with fiat currencies like USD instead of buying actual BTC coins first before being able trade them elsewhere. This makes entering and exiting positions much easier than ever before – something that could be key factor behind today’s price rally of this tokenized asset class..

With its ability bridge between traditional financial systems and new blockchain infrastructures while providing greater accessibility at lower cost than ever before – it appears that we may just be witnessing another step forward towards mainstream adoption for cryptocurrencies thanks largely due due recent developments surrounding DeFi products & services powered by Bitcoin wrapped assets!

Cryptonium Editors