eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.
Built by BadgerDAO
eBTC Price Analysis
As of December 27 2024 eBTC has a marketcap of $5M.
This is {{percentagefromath}} from its all time high of $107.507K.
In terms of its tokenomics, there's a total supply of 52 with 100% currently outstanding.
Keep in mind eBTC has a fully diluted value of $5M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
