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Crypto Market Today 11 December 2023

Risky Candra
Updated

Data based on crypto asset market prices on Bittime.com on December 11, 2023, 12.00 WIB

Today's Bitcoin price moved into the red zone, down 4.45 percent in the last 24 hours but still up slightly 0.30 percent on the week. At the time of writing, Bitcoin was trading at 42,215 US dollars. 

The majority of crypto assets are sluggish today. ETH fell 4.68 percent in the last 24 hours so that its price was at the level of 2,256 US dollars. BNB also moved down 3.03 percent during the day to 233.60 US dollars. The next crypto, SOL, also moved into the red zone. SOL fell as much as 3.75 percent to around 69.65 US dollars. 

Overall, today's Crypto Fear and Greed Index based on the Coinmarketcap.com page shows 80. This is a sign that the market is still in the greed or optimistic phase regarding the current economic conditions and crypto industry.

Source: Cryptorank

Below are some of the crypto assets that experienced the best performance and significant price increases on Bittime:

1. Amps (AMP)

  • Increase percentage:15.09%
  • Sector: DeFi, Payment
  • Market Capitalization: IDR 2.78 T
  • Market : AMP/IDR

Amp (AMP) is a decentralized financial protocol that leverages blockchain technology to create an inclusive and efficient financial environment. With a focus on developing decentralized financial infrastructure, Amp delivers innovative solutions to overcome challenges in payment and collateral systems.

One of the key features of Amp is its ability to provide instant guarantees in transactions. Through the Collateral Manager concept, Amp enables digital assets to be collateralized in real-time to support transactions, enabling fast and secure value transfer without the need to wait for long-term confirmation.

In terms of completing transactions and fulfilling guarantees, Amp uses its own token asset, namely AMP tokens. AMP serves as a payment and collateral tool in the Amp ecosystem, ensuring reliability and speed in transaction management.

Check today's AMP/IDR price chart and the crypto market as a whole in real-time on Bittime.

Source: Bittime.com

2. Tellor (TRB) 

  • Increase percentage: 8.20%
  • Sectors: DeFi, DEX
  • Market Capitalization: IDR 4.1 T
  • Market : GNO/IDR

Tellor (TRB) is a project and cryptocurrency focused on providing decentralized data oracles for the blockchain ecosystem. Oracles are external data sources that feed information into smart contracts on the blockchain, enabling them to respond to changing conditions in the real world. Tellor aims to provide trustworthy and authentic data on the Ethereum blockchain and other networks. 

Tellor uses a PoW (Proof-of-Work) mechanism to achieve decentralization and security in the provision of oracle data. Tellor “miners” do the work of completing data requests from smart contracts by providing confidence in the correct data. In this way, Tellor strives to be a reliable and decentralized solution to meet data needs within the blockchain ecosystem. 

The TRB token is a utility token used within the Tellor ecosystem. Miners are incentivized to provide accurate data by receiving TRB in return. Users who need data also pay with TRB to use Tellor's oracle services. 

Tellor plays a critical role in supporting blockchain applications that require external data, such as decentralized insurance, prediction markets, and more. This helps bridge the gap between the blockchain world and the real world by ensuring verified and trustworthy information can be accessed by smart contracts.

Check today's GNO/IDR price chart and the overall crypto market in real-time on Bittime.

Source: Bittime.com

3. Immutable (IMX)

  • Increase percentage: 7%
  • Sector: NFT, gaming
  • Market Capitalization: IDR 39.8 T
  • Market: IMX/IDR

Immutable This blockchain was created specifically for NFT projects and Web3 games. The Zero-Knowledge (ZK) Rollups technology it uses enables a fast transaction validation process, reaching up to 9,000 transactions per second (TPS).

Another advantage offered by Immutable With its technology, this platform can reduce the fees paid to enter transaction data into the Ethereum blockchain.

In early 2022, a number of large institutions such as Temasek, Tencent, Animoca Brands, and Arrington Capital provided funding to Immutable X. In addition, Immutable Its latest partnership with GameStop, which launched on November 1, 2022, created the GameStop NFT Marketplace.

Check today's  IMX/IDR price chart and the crypto market as a whole in real-time on Bittime.

 Source: Bittime.com

4. Synthetix (SNX)

  • Increase percentage: 6.75%
  • Sectors: DeFi, DEX
  • Market Capitalization: IDR 20.4 T
  • Market : SNX/IDR

Synthetix (SNX) is a decentralized finance protocol that provides users with the ability to create and transact synthetic assets on the blockchain. With a focus on innovation in decentralized finance, Synthetix makes it easy for users to access various types of assets, such as fiat currencies, stocks, and commodities. 

One of the main features of Synthetix is ​​the concept of synthetic assets or Synths. Synths are digital representations of traditional assets, allowing users to gain exposure to their value without needing to own the physical asset. This creates opportunities for users to diversify their portfolios in an easy and efficient way. 

SNX, the utility token of Synthetix, plays an important role in this ecosystem. SNX holders can lock their tokens as collateral to produce Synths. This not only provides incentives to SNX holders, but also helps in risk management within the Synthetix network.

Check today's  SNX/IDR price chart and the crypto market as a whole in real-time on Bittime.

 Source: Bittime.com

5. Terra Classic (LUNA)

  • Increase percentage: 6.36%
  • Sector: Payment, DeFi
  • Market Capitalization: IDR 9.65 T
  • Market: LUNA/IDR

Luna is a token associated with the Terra blockchain network, which uses fiat-linked stablecoins to power a price-stable global payments system. 

According to its whitepaper , Terra combines price stability and widespread adoption of fiat currencies with censorship resistance like Bitcoin (BTC) and offers fast and affordable settlements. Terra development began in January 2018, and its mainnet officially launched in April 2019. 

As of September 2021, Terra offers stablecoins linked to the US dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights currency basket — and intends to introduce additional options. On May 28, 2022, the genesis block of the new chain was launched to carry out future transactions under the name Terra (LUNA), and the original Terra chain was renamed to Terra Classic. 

The original token — LUNA was also renamed to LUNA Classic (LUNC). Additionally, all network stablecoins (UST, KRT, EUT) were renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoin on the new chain. 

Check  today's  LUNA/IDR price chart and the crypto market as a whole in real-time on Bittime.

Source: Bittime.com

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DISCLAIMER : This article is informational in nature and is not advice, recommendation, offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time. Bittime is not responsible for changes in exchange rates or crypto asset prices.

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