Details about goBTC cryptocurrency
€60,562
1
0.001
https://www.algomint.io/
@Algomint_io
goBTC price charts
GOBTC exchanges
goBTC, the crypto
goBTC (GOBTC) is a cryptocurrency that is designed to track the value of Bitcoin (BTC) without being directly linked to the BTC market. It is a type of synthetic asset that is created on the Ethereum blockchain.
The point
The main point of goBTC (GOBTC) is to provide traders and investors with a way to gain exposure to Bitcoin without having to buy and hold BTC directly. It allows them to use their Ethereum (ETH) as collateral to create a position that tracks the value of BTC.
The problem
goBTC (GOBTC) tries to solve the problem of limited access to Bitcoin trading for users who may not have access to BTC markets or who may not want to directly hold BTC themselves. It also offers a way to trade BTC without having to deal with the challenges of holding and securing BTC directly.
Compare GOBTC and BTC performance
| Timeframe | GOBTC | BTC |
|---|---|---|
| 1h change | -0.0491596 % | 0.208274 % |
| 24h change | -0.22 % | 0.847492 % |
| 7 day change | 0.41 % | 1.58229 % |
| 14 day change | -7.58 % | -7.78047 % |
| 30 day change | -7.24 % | -5.95001 % |
| 200 day change | 128.62 % | 129.061 % |
| Year change | 142.81 % | 137.437 % |