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    $25.1953 $ 25.1953
    +¥5204,24 -1.2% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    435.42M
    24H Volume
    264.48
    Circulating Supply
    17.29M CETH
    Max Supply
    --
    All Time High
    97.75
    Rank
    82

    About

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    • About cETH (CETH)

      Compound protocol (COMP) is one of the leading decentralized finance (DeFi) projects, focusing on loan agreements. The platform allows users to borrow their encrypted assets to earn interest. The overall function of the agreement is realized through a multi economic model, in which the main token COMP is used as a governance and incentive token, and a series of "cToken" are used to represent investment property rights.

      One of these cTokens is cETH, which is used to enable token Ethereum based on pool borrowing. The total supply of ceth is nearly 900,000. At the time of writing, the price of each token was US $21.63.


      How does CreaEther (CETH) Work?

      COMP is the main platform level token in Compound. It is used as a governance token, that is, it allows token holders to vote on important issues related to the operation of the platform and its future direction. COMP is also used as a marketing tool to encourage more active participation in the platform.

      For example, users who borrow money from Compound will receive a certain amount of COMP rewards. On the other hand, cETH acts as a token representing the investments you hold in the loan pool. Your interest will also accrue to cETH.

      Although COMP, like most cryptocurrencies, has a clearly defined maximum supply and a relatively stable circulation supply of 100000 tokens, the supply of cETH will change dynamically according to the lending activities in the ether composite pool. As funds are borrowed and withdrawn from the pool, cETH tokens are created and burnt.


      What is CreaEther (CETH) ?

      When users lend cryptology to the Composite protocol, they can choose one of several loan pools according to the currency / token they want to lend the funds to. The largest pool is based on ether loans. When you deposit funds into Ether, you will receive a certain amount of cETH (pool token based on Ether).

      Although your initial investment is still in ether, it is guaranteed by cETH, and you earn the interest of cETH. Your cETH funds can be freely traded, but it is not recommended to use tokens for active trading, because it represents your bet on the agreement.

      When your funds are held by agreement and earn interest, your original Ethereum funds cannot be traded or transferred. When you decide to redeem your investment and exit the agreement, your cETH will be converted into ether, and your funds will be returned to you in the original currency - cETH token

      cETH is not linked to eth according to the smart contract rules, but since the introduction of tokens in mid-2020, the cETH / eth exchange rate has remained very stable, about 1 / 0,02 cETH / eth.

      cETH is based on the ERC20 token standard. ERC20 token is the default fungible token in the blockchain.

      cETH is not the only ctoken in the combination. Loans can be made in multiple pools. At present, the second largest mining pool, second only to Ethereum, is based on DAI, which is the stable currency of Maker protocol. When you lend Dai cryptology to the pool, you will get cDAI tokens and accumulate interest in the cToken. Similarly, borrowing in other currencies will provide you with tokens with the naming convention of cCurrency Of The Pool, such as cLNK and cUSDT.


      CreaEther (CETH) Crypto Wallet

      In addition to placing CETH in the Gate.io exchange to facilitate trading, CETH can also be placed in a crypto wallet.

      You may take all the right steps when buying cETH, but make the wrong decision in storage. This is why you should be careful when choosing your wallet.

      In order to help you choose the right options according to your needs, the following cETH wallets are recommended:

      Trust Wallet - cETH best Wallet
      Trust has all the basic elements needed to securely store cETH in the wallet. Trust is highly secure, which is one of the reasons why it has become many official wallets.

      Whether you are an experienced investor or just starting to use cryptocurrency, Trust has a simple user interface that allows you to easily navigate the DeFi market.

      MyEtherWallet - the most convenient cETH Wallet
      cETH is an Ethereum compound finance project, making myetherwallet an excellent choice for storing tokens. The wallet is compatible with IOS and Android devices. Even if you are a novice in the field of cryptocurrency, due to its user friendliness, you may have no problem using your wallet to store cETH.

      Ledger Wallet - best security cETH Wallet
      Ledger is a hardware wallet. You can also connect it to myetherwallet to increase convenience. In this way, you can access your cETH tokens online and offline. However, hardware wallets rank ahead of other wallets because cryptocurrency hackers cannot easily access your private key.

      With a ledger wallet, you can also access impressive backup options and easily retrieve your cETH private key in case of device loss, theft or damage.
      Expand

    cETH FAQs

    • 1. What determines the price of cETH?
      There are two schools of thought in determining the price of cETH.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of cETH, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of cETH from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of cETH on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for cETH as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for cETH and the cryptocurrency market as a whole.
    • 2. What is the highest price of cETH in history?
      cETH achieved the all-time high of $97.75 in 2021-11-21, and is currently trading at $25.20.
    • 3. What is the lowest price of cETH in history?
      In 2020-03-13, cETH reached the all-time low of $1.89.
    • 4. Should I buy cETH now?
      It is important to remember that cETH, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

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