Crypto Market Today 28 December 2023

Data based on crypto asset market prices on Bittime.com on December 28 2023, 12.00 WIB

Today's Bitcoin price rose 1.03 percent over the last 24 hours making it trade at 42,913 US dollars. 

The majority of the crypto market is moving into the green zone. ETH experienced an increase of 6.49 percent in the last 24 hours so that the price was at the level of 2,375 US dollars. Then BNB was also observed to have increased by 9.45 percent over the last 24 hours so that its current value is at the level of 324 US dollars. 

Meanwhile SOL fell 7.60 percent in one day, bringing it to the level of 103.31 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 73. This is a sign that the market is still in the greed phase or is optimistic about 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. Aave (AAVE)

• Increase percentage: 25.02%
• Sectors: DeFi, DAO, Yield Farming
• Market Capitalization: IDR 27.5 T
• Market : AAVE/IDR

Aave is a leading DeFi (Decentralized Finance) protocol operating on the Ethereum blockchain. This protocol allows users to lend and borrow crypto assets in a decentralized system, without the need to involve traditional intermediaries such as banks. Key features of Aave include the ability to lend crypto assets by receiving interest, as well as borrow other assets by providing collateral. The platform offers flexibility with variable or fixed interest, giving users the option to choose according to their needs and market conditions.

One of Aave's innovations is the introduction of "flash loans", which are unsecured loans that are unique in that they must be repaid within a single block transaction. If the loan is not returned in the transaction, then the transaction is canceled, as if it never happened. Aave also tokenizes debt through aTokens, which represent loans and accumulated interest. This allows debt to become a tradable asset. Additionally, Aave uses the AAVE governance token, which gives its holders voting rights in future protocol decisions and changes. Through these advanced features, Aave shows the potential of blockchain technology in creating a more open and inclusive financial system.

Source: Bittime.com

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

2. Arbitrum (ARB) 

• Increase percentage: 21.12%
• Sectors: Layer 2, DAO, Dapp
• Market Capitalization: IDR 31 T
• Market : ARB/IDR

Arbitrum is a layer 2 solution designed to improve the scalability and efficiency of the Ethereum network, addressing one of Ethereum's biggest challenges namely limited capacity and high transaction fees. Using “rollup” technology, Arbitrum processes transactions off-chain before finally assigning them to the Ethereum blockchain. In this way, Arbitrum allows more transactions to be processed quickly and at lower fees, without sacrificing the security provided by the main Ethereum network. This efficiency makes Arbitrum an attractive choice for users and developers looking for a more scalable and economical solution in the Ethereum ecosystem. 

Apart from improving scalability, Arbitrum also offers high compatibility with Ethereum smart contracts. This makes it easy for developers to move existing applications on Ethereum to Arbitrum without needing to change a lot of code. These advantages make Arbitrum a practical solution for decentralized application ( dApp ) development, as it enables seamless integration and simpler transition for projects already running on Ethereum. With its ability to provide faster, cheaper transactions and ease of integration, Arbitrum plays a critical role in driving further adoption and innovation within the Ethereum ecosystem.

Source: Bittime.com

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

3.XDC Network (XDC)

• Increase percentage: 18.97%
• Sector: Smart contracts, Enterprise Solution
• Market Capitalization: IDR 11.9 T
• Market : XDC/IDR

XDC Network is a unique hybrid blockchain, combining the security of a public blockchain with the efficiency and privacy of a private blockchain. This structure makes it ideal for financial and business applications that require reliability and scalability. Using a Delegated Proof of Stake (XDPoS) consensus mechanism, XDC Network offers fast transactions and low fees, while minimizing energy usage. Its focus on efficiency and speed makes XDC Network an attractive platform for companies and institutions looking to integrate blockchain technology into their operations.

At the heart of the XDC Network is the XDC token, which is used for various functions such as transactions, executing smart contracts, and participation in network governance. The network's orientation is primarily towards the financial and business sectors, targeting areas such as trade finance and supply chain financing. This places XDC Network at the forefront of blockchain innovation, enabling companies to adopt blockchain technology in an efficient and secure manner, while increasing the transparency and security of their operations.

 Source: Bittime.com

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

4. Pendle (PENDLE)

• Increase percentage: 16.75%
• Sector: Olympus Pro Ecosystem, Spartan Group
• Market Capitalization: IDR 4.62 T
• Market: PENDLE/IDR

Pendle is a DeFi protocol that allows users to manage and trade yield tokens, which are a relatively new financial asset in the DeFi ecosystem. This protocol is unique in that it focuses on tokenization and trading of yields generated from other assets.

In Pendle, users can separate rights to future yields from ownership of their underlying assets, creating two separate types of tokens: asset ownership tokens (OT) and yield tokens (YT). This enables flexibility and innovation in how DeFi users interact with yields, including the ability to sell, buy, or speculate on future yields. 

Pendle's native token, PENDLE, is used in a variety of functions within the protocol ecosystem. PENDLE holders can participate in protocol governance, voting on proposed changes or improvements. PENDLE tokens are also used for incentives for users, including rewards to liquidity providers and other participants in the ecosystem. Pendle offers a new approach to yield management in DeFi, enabling users to be more active and creative in managing and leveraging their earning potential in the world of decentralized finance.

Source: Bittime.com

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

5. Celo (CELO)

• Increase percentage:16.84%
• Sector: Smart contracts, Payment
• Market Capitalization: IDR 6.5 T
• Market: CELO/IDR

Celo is a unique blockchain platform, designed to facilitate access to financial services through the use of smartphones. The main goal of Celo is to provide financial services to those who do not have access to traditional banking, with a focus on ease of use. The platform allows users to easily send and receive payments using just a phone number, eliminating the need for complex wallet addresses. This is especially beneficial in areas where smartphones are more commonly used than computers. Additionally, Celo offers a variety of financial services such as money transfers, payments, and access to dApps, all accessed via mobile devices. 

The platform's native token, CELO, plays a key role in the Celo ecosystem. CELO is used for transactions, payment of network fees, and allows holders to participate in network governance. This token facilitates the decision-making process about network development, including the selection of validators and the submission of technical changes. With a focus on smartphone usage and inclusivity, Celo targets the use of cryptocurrencies on a wider scale, with the aim of connecting more people to the global economy and providing easy and accessible financial solutions.

Source: Bittime.com

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

Learn More With Bittime:

• Collection of educational articles about blockchain, web3 and crypto HERE
• Do you have questions about Bittime? Find out HERE

Take the first step on your crypto journey with Bittime and download the Bittime application here:

• Register a Bittime account: Download here
• iOS Users : Download here
• Android users: Download here

Find Bittime here:

• Instagram: @bittimeofficial
• Twitter: @BittimeID
• Telegram: @BittimeOfficial

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.