Crypto Market Today 08 May 2024

Data based on crypto asset market prices on Bittime.com on 08 May 2024, 12.00 WIB

Today's Bitcoin price fell 1.52 percent over the last 24 hours making it trade at the level of IDR 1,003 T.

The majority of the crypto market today is moving into the Red zone. ETH was observed to have decreased by 1.78 percent over the last 24 hours, bringing the price to IDR 48,361 million. 

The next crypto, SOL rose 5.07 percent throughout the day so that the price was at the level of IDR 2,365 million. Meanwhile BNB, down 0.53 percent, traded at IDR 9,398 million.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows the number 64. This is a sign that the market is still in the greed phase or is still optimistic about the current economic conditions and crypto industry. 

Source: Cryptorank

Cuan coins that experienced the best performance and significant price increases on Bittime:

1. TRB up 17.87%
2. USTC up 7.62%
3. CVX up 7.28%
4. 10000PORK rose 7.14%
5. 10000TROLL up 6.66%

The following is a detailed explanation of each cuan coin today. 

1. Tellor (TRB)

• Increase percentage: 17.87%
• Sectors: DeFi, Oracles, Framework Ventures Portfolio,         
• Market Capitalization: IDR 4.74 T
• Market : TRB/IDR

Crypto Tellor (TRB) is a decentralized protocol that aims to provide price data and financial information in the blockchain ecosystem. Tellor uses a “Proof-of-Work” approach to securely verify and store data, incentivizing miners to provide accurate, real-time data. 

This allows decentralized applications, such as prediction markets and insurance, to access trustworthy data without having to rely on a single authority. Thus, Tellor plays an important role in building a strong infrastructure for the decentralized finance ecosystem. 

Source: Bittime.com

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

2. TerraClassicUSD (USTC)

• Increase percentage: 7.62%
• Sectors: Stablecoins, Algorithmic Stablecoins, Seigniorage, USD Stablecoins, Alleged SEC Securities, 
• Market Capitalization: IDR 3.32 T
• Market : USTC/IDR

Crypto TerraClassicUSD (USTC) is a stablecoin that runs on the Ethereum blockchain network. Designed to achieve value stability by following a 1:1 exchange rate with the US Dollar, USTC aims to provide a safe and efficient solution for users who wish to avoid the volatility that commonly occurs in the crypto market. 

With the support of the smart contract concept, TerraClassicUSD enables fast and cheap cross-border fund transfers and provides reliability in its use as a means of payment and storage of value in the blockchain ecosystem.

Source: Bittime.com

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

3. Convex Finance (CVX)

• Increase percentage: 7.28%
• Sectors: DeFi, Yield Aggregator,
• Market Capitalization: IDR 3.87 T
• Market: CVX/IDR

Convex Finance (CVX) is a decentralized finance protocol that focuses on yield curves and liquidity in the DeFi (Decentralized Finance) ecosystem. With the aim of maximizing yield for depositors and liquidity for liquidity providers, Convex Finance utilizes automation and optimization strategies to manage its DeFi token portfolio. 

CVX as a protocol utility token, gives its holders voting rights in making important decisions regarding fund management and protocol development. 

Thus, Convex Finance plays a role in building an efficient and decentralized infrastructure for DeFi ecosystem participants to get optimal returns from their investments.

Source: Bittime.com

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

4. PepeFORK (10000PORK)

• Increase percentage: 7.14%
• Sectors: Memes, Ethereum Ecosystem, 
• Market Capitalization: IDR 1.61 T
• Market: 10000PORK/IDR

PepeFork (PORK) is a cryptocurrency inspired by the internet meme phenomenon, "Pepe the Frog", which has become an icon in digital culture. With a focus on use in the gaming and digital entertainment ecosystem, PORK allows users to participate in various activities such as purchasing virtual items, playing games, or interacting with integrated entertainment platforms. 

With a combination of entertainment and blockchain technology, PORK creates an ecosystem that combines fun and digital value, providing new experiences for meme and crypto fans around the world.]

Source: Bittime.com

Check today's 10000PORK/IDR price chart and the entire crypto market in real-time on Bittime. 

5. 10000TROLL (10000TROLL)

• Increase percentage: 6.66%
• Sector: Memes,
• Market Capitalization: IDR 362.34 B
• Market: 10000TROLL/IDR

Crypto TROLL (TROLL) is a token used in the Trollcoin ecosystem, a platform that provides decentralized solutions for payments, rewards, and support in the digital entertainment industry, especially for content creators, fans, and service providers. 

By leveraging blockchain technology, Trollcoin enables secure and efficient transactions between users, while providing flexibility in the form of creativity and monetization in the digital ecosystem. 

Through TROLL, users can provide direct support to their favorite content creators, strengthen interactions between communities, and improve the overall user experience in the decentralized digital entertainment industry.

Source: Bittime.com

Check today's 10000TROLL/IDR price chart and the entire crypto market 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.