Crypto Market Today 18 December 2023

Data based on crypto asset market prices on Bittime.com on December 18 2023, 12.00 WIB

Today's Bitcoin Price entered the red zone. BTC fell 1.54 percent over the last 24 hours to make it trade at 41,394 US dollars. 

Today's BTC drop affected the majority of the crypto market. ETH fell 1.82 percent in the last 24 hours so that the price was at the level of 2,182 US dollars. BNB was also observed to experience a slight decline over the last 24 hours so that its value is currently at the level of 238.61 US dollars. 

The next cryptocurrency, SOL, fell 4.53 percent in a day, making it trade at 70.03 US dollars. AVAX also moved down 8.16 percent in the last 24 hours, so that the price is currently at the level of 39.14 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 65. This is a sign that the market is still in the greed or optimistic phase regarding current economic conditions and the crypto industry.

Source : Cryptorank

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

1. Stella(ALPHA)

• Percentage increase: 23.04%
• Sectors: DeFi, yield farming
• Market Capitalization: IDR 1.8 T
• Market : ALPHA/IDR

Stella is a strategy protocol leverage with 0% borrowing fees. Stella's main goal is to increase the use of DeFi by providing an effective leverage system, especially in decentralized exchanges (DEX) and money markets, which are key components in DeFi. This upgrade is expected to encourage the emergence of new protocols and innovations in the DeFi ecosystem based on strong liquidity and a solid foundation.

Stella aims to be the top choice for DeFi users looking for maximum returns. This protocol supports on-chain strategies with leverage which is considered safe, without charges borrowing fees.

In the Stella protocol structure, there are two main components: Stella Strategy and Stella Loans. The Stella Strategy component allows users to utilize a variety of strategies leverage with zero percent interest on loans, providing the opportunity to earn from using leverage.

Meanwhile, through Stella Loans, lenders can place their assets in the pool of Stella loans, receiving real returns. The results obtained from the Stella Strategy are then distributed to the lender.

Source: Bittime.com

Check the price chart ALPHA/IDR today and crypto market in total real-time in Bittime.

2. Holo (HOT) 

• Increase percentage: 13.79%
• Sector:Distributed computing, storage
• Market Capitalization: IDR 5.4 T
• Market : HOT/IDR

Holo (HOT) is a platform that aims to revolutionize internet hosting with a decentralized approach. By leveraging blockchainblockchain and Holochain technology, Holo allows users to participate in a peer-to-peer network provides hosting services, and receives rewards in the form of HOT tokens. 

The platform pursues the vision of creating a decentralized hosting ecosystem, enabling innovation in decentralized application development and providing incentives to users to contribute to the security and sustainability of the network.

HOT tokens are used as a means of payment in the Holo ecosystem, enabling transactions for hosting services and providing added value to participants. Holo brings a decentralized hosting concept that could change the internet hosting paradigm, giving individuals the power to contribute to the network infrastructure and earn rewards in line with their active participation in the ecosystem.

Source: Bittime.com

Check the price chart HOT/IDR today and crypto market in total real-time in Bittime.

3. Bluzelle (BLZ)

• Increase percentage: 11.95%
• Sector: Platform, Smart Contract, Storage
•  Market Capitalization: IDR 2.2 T
• Market : BLZ/IDR

Bluzelle (BLZ) is an innovative project in the blockchain world, focused on providing decentralized data storage solutions. This project is designed to overcome the challenges of data storage in decentralized applications (dApp), by offering a more secure, efficient and less centralized system. Bluzelle leverages blockchain technology to distribute data widely across a network of nodes, which reduces the risk of single point of failure (single point of failure) and increases security. This feature is especially important for dApps that require reliable and secure data storage

Additionally, Bluzelle uses BLZ tokens for transactions within its ecosystem, including payments for data storage services and incentives for network participants. This enables a decentralized economy that encourages participation and contribution in the Bluzelle ecosystem. 

With a focus on scalability and performance, Bluzelle offers a compelling solution for dApps developers, enabling them to easily integrate data storage solutions into their applications. Bluzelle not only improves data storage efficiency in the blockchain world, but also strengthens interoperability between various blockchain platforms, enriching the blockchain ecosystem as a whole.

 Source: Bittime.com

Check the price chart BLZ/IDR today and crypto market overall in real-time in Bittime. 

4. CLV (CLV)

• Increase percentage: 11.45%
• Sector: Substrate
• Market Capitalization: IDR 599 B
• Market: CLV/IDR

Clover Finance (CLV) is a platform in the blockchain ecosystem designed to improve interoperability and ease of use in Decentralized Finance (DeFi). 

Clover's primary goal is to address the complexity and fragmentation commonly found in DeFi, by providing a solution that allows dApps to operate across multiple blockchains. This creates a more seamless user experience, easing cross-chain transactions, asset management, and digital identity integration. 

Clover aims to make DeFi more accessible to a wider range of users, making it easier for them to interact with a variety of DeFi services without needing to switch between different networks or wallets.

Within the Clover ecosystem, the CLV token plays an important role as a digital asset that supports various functions in the network. These tokens are used to pay transaction fees, participate in network governance, and as incentives for network maintenance and security. Clover also strongly supports dApps developers, providing tools and services that make it easy to create and manage applications across multiple blockchains.

This initiative not only aims to facilitate end users but also to encourage developers in creating more integrated and easily accessible DeFi solutions. Clover Finance, thus, plays a key role in driving innovation and growth in the world of DeFi, delivering solutions that are critical to the advancement and widespread acceptance of blockchain technology.

 Source: Bittime.com

Check the price chart CLV/IDR today and crypto market overall in real-time in Bittime. 

5. Loopring (LRC)

• Increase percentage: 9.72%
• Sectors: DeFi, DEX
• Market Capitalization: IDR 5.4 T
• Market : LRC/IDR

Loopring (LRC) is an innovative project in the blockchain world that focuses on developing decentralized exchange (DEX) protocols. Using layer 2 technology on Ethereum, Loopring aims to increase the efficiency and speed of transactions on DEXs while reducing fees. 

Through the utilization of rollups, Loopring addresses some of the common challenges traditional DEXs face, such as high gas fees and slow transaction speeds. This allows Loopring to offer a better user experience, with faster and cheaper transactions, without sacrificing the security or decentralization that is the hallmark of the Ethereum blockchain.

On the other hand, LRC token supports the Loopring ecosystem with various functions. This token is used to pay transaction fees on the Loopring network, as well as play a role in protocol governance. Apart from that, LRC is also used in staking mechanisms which aim to increase network security and provide incentives to users. 

This functionality makes LRC not only a means of payment but also a key in driving community participation within the Loopring ecosystem. With this approach, Loopring not only provides an efficient technical solution for decentralized crypto exchanges but also builds a sustainable and participatory economic model.

Source: Bittime.com

Check the price chart LRC/IDR today and crypto market overall in real-time in Bittime. 

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DISCLAIMER: This article is informational in nature and does not constitute 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.