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Crypto Market Today May 9, 2024

Updated

Data based on crypto asset market prices on Bittime.com on May 9 2024, 12.00 WIB

Bitcoin Price Today fell 1.54 percent over the last 24 hours making it trade at 61,547 US dollars.

The majority of the crypto market today experienced a decline, as can be seen from the graph moving into the red zone. ETH was observed to have fallen by 0.58 percent over the last 24 hours, and its price was at the level of 2,995 US dollars. 

The next crypto, SOL fell 2.24 percent during the day so that the price was at the level of 144.09 US dollars. Meanwhile BNB, up 1.77 percent, traded at 595.04 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows the number 55. This is a sign that the market is in the greed phase with the current economic conditions and crypto industry. 

Source: Cryptorank

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

  1. PEOPLE up 22.05%
  2. UMA rose 20.66%
  3. TRB up 13.96%
  4. ZK up 9.66%
  5. CASH rose 9.60%

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

1. Constitution DAO (PEOPLE)

  • Increase percentage: 22.05%
  • Sectors: DAO, NFT, Fundraising
  • Market Capitalization: IDR 2,451 T
  • Market: PEOPLE/IDR

ConstitutionDAO (PEOPLE) is a crypto project that aims to help purchase and preserve manuscripts of the United States Constitution using blockchain technology. 

By involving contributions from individuals and communities, this project aims to strengthen the values ​​of democracy, freedom and justice reflected in the constitution. 

Through the PEOPLE token, members can participate in the decision-making process and maintenance of this historic manuscript. ConstitutionDAO is a symbol of decentralized collaboration to safeguard cultural heritage that is important to society.

Source: Bittime.com

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

2. UMA (UMA)

  • Increase percentage: 20.66%
  • Sectors: DeFi, Oracles, DAO
  • Market Capitalization: IDR 4,184 T
  • Market: UMA/IDR

UMA (Universal Market Access) is a crypto project that enables the creation and trading of synthetic assets on the Ethereum blockchain. With a focus on facilitating global market access without geographic or regulatory restrictions, UMA allows users to create synthetic assets representing various financial instruments, such as stocks, currencies or commodities. 

Through its decentralized protocol, UMA offers freedom in customizing and setting parameters for synthetic asset contracts, providing greater flexibility and liquidity for users. The project aims to expand access to global financial markets and accelerate innovation in the creation of digital assets.

Source: Bittime.com

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

3. Tellor (TRB)

  • Increase percentage: 13.96%
  • Sectors: DeFi, Oracles, Web3
  • Market Capitalization: IDR 5,502 T
  • Market: TRB/IDR

Tellor (TRB) is a decentralized Oracle protocol that provides secure and reliable external data for smart contracts on the blockchain. By using a Proof-of-Work mechanism, Tellor enables the use of real-world data in decentralized applications without the need to trust third parties. 

TRB tokens are used to provide incentives to network actors who contribute data and as collateral by those who request data. This protocol is designed to support applications that require a high level of security and reduced risk of data manipulation.

Source: Bittime.com

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

4. Polyhedra Network (ZK)

  • Increase percentage: 9.66%
  • Sector: Interoperability, RWA
  • Market Capitalization: IDR 1,173 T
  • Market : ZK/IDR

Polyhedra Network (ZK) is a crypto project that offers a large-scale and secure solution to support DeFi applications using Zero-Knowledge Proof (ZKP) technology. 

With a focus on privacy and scalability, Polyhedra Network allows users to conduct transactions without publicly disclosing sensitive information. 

Through ZKP, the network ensures that transactions remain private while maintaining security and efficiency. This project aims to bring innovation in the DeFi ecosystem by providing safe and effective solutions for users.

Source: Bittime.com

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

5. Kaspa (KAS)

  • Increase percentage: 9.60%
  • Sector: Store of Value, Layer 1
  • Market Capitalization: IDR 46,742 B
  • Market: CASH/IDR

Kaspa (KAS) is a crypto project that introduces a blockchain network designed to increase transaction scale and performance. With a unique protocol called GHOST-DAG, Kaspa is able to overcome the scale issues faced by traditional blockchain networks, enabling faster and more efficient transaction settlement. 

The network also offers a high level of security and strong decentralization, making it an ideal platform for DeFi applications and other decentralized financial services. In doing so, Kaspa aims to expand the capabilities of blockchain technology and facilitate wider adoption in various industries.

Source: Bittime.com

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

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DISCLAIMER: This article is informational in nature and does not constitute advice, recommendation, offer or solicitation 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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