Bittime - The crypto world is lively again with news of the approval of the launch of several Ethereum ETFs by the SEC (United States financial regulatory body). This decision sparked optimism in the market, especially amidst speculation that regulators were starting to recognize the security of the Ethereum network.
As a result, the prices of several crypto assets also increased, from AUDIO to the PEPE meme coin. Let's review why these four cryptos are shining brightly today.
Audius (AUDIO)
The price of Audius (AUDIO) skyrocketed by 55.8% in the last 24 hours, reaching IDR 4,100 (assuming $1 = IDR 16,000). Audius' market capitalization is currently around IDR 4.13 billion, with trading volume soaring 2,268.65% to IDR 2.59 billion in the last day.
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Audius is a decentralized music streaming protocol originally built on the POA network and now operating on Solana. This platform exists to overcome complicated problems in the music industry, such as unclear copyright ownership and the many intermediaries who harm artists.
Also read: Prices of Audius (AUDIO) and Lido (LDO) are rising, this is the reason!
Ether.fi (ETHFI)
The price of Ether.fi (ETHFI) rose 10% in the last 24 hours, reaching IDR 75,360. ETHFI's market capitalization is currently around IDR 9.2 billion with trading volume soaring 277.64% to IDR 17.6 billion in one day.
Leading crypto exchange Coinbase recently announced support for three new cryptocurrencies: AEVO, Ethena (ENA), and Ether.fi (ETHFI). This step was followed by the launch of the AEVO-PERP, ENA-PERP and ETHFI-PERP derivative markets. Coinbase's decision further catapulted ETHFI's popularity.
Also Read How to Buy Crypto:
Ondo (ONDO)
The price of Ondo (ONDO) rose 7.9% in the last 24 hours to IDR 17,120. Ondo's market capitalization reached around IDR 24 billion, with trading volume soaring 114.12% to IDR 5.55 billion in 24 hours.
Also read: Ondo Finance Launches Ondo Global Market, Here's the Explanation
In late March 2024, Ondo Finance announced changes to the assets supporting their OUSG token. From previously using the less popular short-term government bond ETF, they have now switched to BlackRock's BUIDL token.
While strict requirements limit retail investors from directly accessing BUIDL, platforms like Ondo can leverage it to offer investment products to individual investors.
Pepe (PEPE)
PEPE prices rose 11.91% before being corrected to 3.5%. Currently, the price is in the range of IDR 0.000223 (assuming $1 = IDR 16,000). PEPE's market capitalization is fantastic, namely around IDR 101.44 billion, with trading volume soaring 38.98% to IDR 69.44 billion in the last 24 hours.
The crypto world has been shocked again by the actions of whales (big investors) in the PEPE meme coin. A "jingyu" with wallet address 0x83768... is known to have purchased 390.56 billion PEPE from Binance on May 23.
In less than two days, the same address was recorded as having bought 982.56 billion PEPE worth IDR 217.6 billion. This action sparked hysteria among investors and pushed PEPE prices up.
Closing
The future of AUDIO, ETHFI, ONDO, and PEPE looks promising. Audius (AUDIO) is revolutionizing the music streaming industry with its decentralized platform. Ether.fi (ETHFI) continues to grow thanks to its listing on top crypto exchanges and their innovative products.
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Ondo (ONDO) increases investment opportunities through strategic asset shifting. Despite its memecoin status, PEPE shows resilience and strong community support. These four cryptocurrencies are proof that the crypto world is a digital space that is dynamic and continues to evolve.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
5 Reasons Why Ondo Finance ($ONDO) Price Is Currently Soaring
5 Reasons Why Pepe (PEPE) is a Must Invest Right Now
dYdX Community Opens Voting: Will ETHFI Be Added to dYdX Chain?
Prices of Audius (AUDIO) and Lido (LDO) are rising, this is the reason!
DISCLAIMER: This article is informational in nature and is not an 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 and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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