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Wrapped-DGLD Price (WDGLD)
$178.87
0.02%
Wrapped-DGLD Price Chart (WDGLD/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Blockchain.com |
WDGLD / USD | $174.52 | 0.20% | $262 | |
| 2 |
Blockchain.com |
WDGLD / BTC | $168.93 | 95.84% | $17 | |
| 3 |
Blockchain.com |
WDGLD / DGLD | $165.08 | 1.09% | $16,508 |
WDGLD Price Statistics
- Wrapped-DGLD Price Now $179
- 24h Low / 24h High $178 / $179
- Trading Volume $22,538
- Market Cap Rank #1585
- Market Cap $1,753,126
- Volume / Market Cap 0.0129
-
All-Time High
$326 -45.17%
Dec 07, 2020 -
All-Time Low
$100 42.98%
Jun 20, 2021
Wrapped-DGLD: The Revolutionary Tokenizing Solution for Gold
Introduction
Wrapped-DGLD is a next-generation cryptocurrency that combines the stability and value of gold with the decentralization and versatility of blockchain technology. It represents a groundbreaking solution for investors looking for a secure and reliable investment option.
The Concept behind Wrapped-DGLD
The concept behind Wrapped-DGLD revolves around bringing the benefits of physical gold to the digital world. Unlike traditional cryptocurrencies that lack intrinsic value, Wrapped-DGLD is backed by physical gold bullion stored in highly secure vaults. Each token represents ownership of a specific quantity of gold, providing investors with the stability and long-term value associated with this precious metal.
How Wrapped-DGLD Works
Wrapped-DGLD works by leveraging the power of blockchain technology to digitize the ownership of gold. Smart contracts on the Ethereum network ensure that each token is backed by an equivalent amount of gold securely stored in designated vaults, making the process transparent and reliable.
The Benefits of Wrapped-DGLD
1. Stability: With gold being one of the most reliable and stable assets in the world, Wrapped-DGLD offers investors a secure investment option that retains its value over time.
2. Easy Transferability: Wrapped-DGLD is an easily transferable digital asset, allowing users to send and receive tokens quickly and efficiently.
3. Divisibility: Unlike physical gold, Wrapped-DGLD tokens are highly divisible, making it easier for investors to buy and sell smaller portions of gold.
4. Security: The underlying gold reserves are stored in top-tier vaults, ensuring the highest level of security for investors.
Use Cases of Wrapped-DGLD
1. Investment: Wrapped-DGLD provides a unique opportunity for investors to diversify their portfolios by including an asset class that has proven its stability throughout history.
2. Cross-Border Transactions: The decentralized nature of Wrapped-DGLD makes it an ideal option for cross-border transactions, minimizing costs and settlement times.
3. Hedging Against Inflation: Gold has traditionally been a hedge against inflation, and with Wrapped-DGLD, individuals can easily access this protection even in the digital realm.
Conclusion
Wrapped-DGLD is revolutionizing the cryptocurrency market by combining the stability of physical gold with the efficiency and flexibility of blockchain technology. Whether you are a seasoned investor or someone looking for a digital store of value, Wrapped-DGLD offers an innovative solution that has the potential to reshape the way we perceive and utilize precious metals. With its numerous benefits and use cases, it is no surprise that Wrapped-DGLD is gaining popularity among crypto enthusiasts worldwide.