Crypto Market Today, July 9 2024

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

Today's Bitcoin price increased by 3.39 percent over the last 24 hours and made it trade at the level of 57,311 US dollars.

Today's crypto ecosystem is green, the majority of coins are experiencing price increases. ETH also experienced an increase of 5.18 percent over the last 24 hours and the price was at the level of 3,066 US dollars. 

The next crypto, SOL rose 6.74 percent during the day so that the price was at the level of 141.50 US dollars. Meanwhile BNB, up 2.68 percent, traded at 513.82 US dollars.

However, Today's Crypto Fear and Greed Index based on the Alternative.me page is still at 27, the lowest figure in the last year. This is a sign that the market is in a fear phase regarding the current economic conditions and crypto industry. 

Sumber: Cryptorank

While the majority of coin prices are in the red, here are the cash coins that are experiencing the best performance and price increases on Bittime:

1. BEER up 25.43%
2. 1000BONK up 22.27%
3. TIA rose 16.19%
4. SEI rose 15.83%
5. ETHFI rises 15.38%

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

1. Beercoin (BEER)

• Increase percentage: 25.43%
• Sector: Memes
• Market Capitalization: IDR 2.76 B
• Market: BEER/IDR

Beercoin (BEER) is a cryptocurrency inspired by beer. This currency aims to create an ecosystem where users can transact and use it to buy beer at bars and restaurants that accept Beercoin as payment.

Beercoin offers a unique and innovative way to integrate cryptocurrency with the beverage industry, creating new opportunities for beer fans and cryptocurrency users.

Check the price chart BEER/IDR today and the crypto market as a whole in real-time at Bittime.

2. Bonk (1000BONK)

• Percentage increase: 22.27%
• Sector: Memes, Solana Ecosystem, Doggone Doggerel
• Market Capitalization: IDR 29.28 T
• Market: 1000BONK/IDR

Bonk (BONK) is a meme token built on the Solana blockchain. This token was first launched on December 25 and immediately became popular among the crypto community.

Bonk is inspired by memes like Shiba Inu and focuses on community engagement and online culture.

Bonk rose to fame after conducting a massive airdrop to Solana users, which helped increase its popularity and trading volume. This airdrop is designed to replace tokenomics which is considered toxic by the community​.

The Bonk ecosystem consists of several important projects such as Bonk Swap, Bonk BOT, and Bonk Rewards. Bonk Swap is a decentralized exchange that facilitates trading of meme tokens and participation in liquidity pools.

Bonk BOT is a Telegram bot that makes it easy for users to buy Bonk tokens and access related information. Bonk Rewards incentivizes users to lock their Bonk tokens and earn rewards​ (Atomic Wallet)​.

Check the price chart 1000BONK/IDR today and the crypto market as a whole in real-time at Bittime.

3. Celestia (TIA) 

• Percentage increase: 16.19%
• Sector: Platform, Modular Blockchain, eGirl Capital Portfolio
• Market Capitalization: IDR 19.55 T
• Market: TIA/IDR

Celestia (TIA) is a cryptocurrency that operates on the Osmosis platform. Celestia introduces a modular blockchain concept that allows anyone to easily deploy their own blockchain with minimal overhead.

The goal is to increase scalability by separating execution from consensus through the use of data availability sampling, a new concept in blockchain architecture.

This modular approach offers great flexibility for developers, allowing them to define their own rules and execution environments without the limitations typically found in traditional monolithic blockchains.

This means developers can create application-specific or general blockchains that immediately inherit the security of Celestia's validator set​.

Overall, Celestia opens up new opportunities for experimentation and innovation in the blockchain world, providing greater control and the ability to adapt the technology to specific needs without requiring permission from other applications.

Check the price chart TIA/IDR today and the crypto market as a whole in real-time at Bittime.

4. Sei (SEI)

• Increase percentage: 15.83%
• Sector: Coinbase Ventures Portfolio, Multicoin Capital Portfolio, Layer 1
• Market Capitalization: IDR 15.22 T
• Market: SEI/IDR

Sei (SEI) is a layer-1 blockchain designed specifically for cryptocurrency trading applications, especially for decentralized exchanges (DEX).

This blockchain focuses on transaction speed and security, with a transaction finality time of around 600 milliseconds, which is almost as fast as centralized exchanges (CEX) and allows processing of up to 22,000 orders per second.

Sei's innovative technologies, such as the parallel EVM in the Sei v2 upgrade, make it a powerful platform that supports a wide range of decentralized applications (DApps).

Sei's development team consists of experts who previously worked at top companies such as Goldman Sachs, Databricks, Robinhood, Google, and Nvidia. Sei co-founder Jayendra Jog was previously a software engineer at Robinhood.

With more than 120 projects under development in the Sei ecosystem, this blockchain continues to attract interest from large projects such as Path, Sushi, and Nitro.

SEI, the native token of the Sei blockchain, is used for paying gas fees, staking for network security, and participating in governance processes.

SEI token holders can also contribute to network security by delegating their tokens to validators or running their own validator nodes.

The total supply of SEI tokens is 10 billion, with an initial circulating supply of 2.3 billion tokens.

Sei launched its mainnet on August 15, 2023, allowing users to bridge assets to Sei or stake their SEI tokens.

This mainnet launch is also accompanied by an airdrop and prizes for the tested testnet, which users can claim after launch.

Check the price chart SEI/IDR today and the crypto market as a whole in real-time at Bittime.

5. Ether.Fi (ETHFI)

• Increase percentage: 15.38%
• Sector: DeFi, Staking, Binance Launchpool
• Market Capitalization: IDR 4.08 T
• Market: ETHFI/IDR

Ether.fi (ETHFI) is a decentralized, non-custodial staking protocol for Ethereum.

This protocol allows users to stake their ETH without losing control of their private keys, meaning users retain ownership of their ETH and reduces security risks.

In this system, ETH staking is carried out by community-approved node operators.

The ETHFI token serves as a governance token on the Ether.fi network. ETHFI token holders can propose and approve major protocol updates, change economic parameters, manage software developer permissions, and oversee node operators running ETH nodes on behalf of the protocol.

Node operators are required to stake a certain amount of ETHFI tokens as a form of commitment to ensure safe operations and minimal risk of slashing.

Ether.fi also has an NFT minting mechanism for each validator launched via this protocol. These NFTs store validator-related metadata and can be used to create a programming layer on top of the staking infrastructure.

Additionally, Ether.fi collaborates with EigenLayer, which enables ETH restaking within an ecosystem of actively validated services.

Check the price chart ETHFI/IDR today and the crypto market as a whole in real-time at Bittime.

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