Martina
Wed May 15 2024
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5 answers
1204
Can a wrapped token value fall?
I'm quite puzzled about the wrapped tokens in the crypto world. Can you help me understand if the value of a wrapped token can actually fall? I've heard that these tokens are pegged to the value of their underlying assets, but does that mean they're immune to market fluctuations? Or are there certain factors that could potentially cause their value to drop? I'm trying to wrap my head around this concept and it would be great if you could shed some light on this matter.
