Crypto Market This Week September 27-October 4, 2024

Bittime - Data based on crypto asset market prices on Bittime.com on September 27-October 4, 2024, 12.00 UTC+7.

Bitcoin price this week fell 6.41 percent over the last 7 days making it trade at 60,918 US dollars.

The majority of the crypto market this week moved into the red zone. ETH was observed to have fallen by 9.99 percent over the last 7 days, and the price was at the level of 2,365 US dollars. 

The next crypto, SOL fell 11.37 percent during the day so that the price was at the level of 137.19 US dollars. Meanwhile BNB, down 9.37 percent, traded at 546.02 US dollars.

Overall, this week's Crypto Fear and Greed Index based on the Coinmarketcap.com page shows an average of 36.11. This is a sign that the market is in the Fear phase regarding economic conditions and the crypto industry in the last 7 days. 

Source: Cryptorank

Top Crypto Gainers This week

1. FTT up 53.75%

2. W up 5.43%

3. FLR up 3.29%

4. OM up 2.00%

5. TRX up 1.58%

The following is a detailed explanation of each coin today. 

1. FTX Token (FTT)

Increase percentage: 53.75%

Sector:  Marketplace, CEX Token

Market Capitalization: IDR 11,907 T

FTX Token (FTT) is a utility token used in the FTX ecosystem, one of the crypto derivatives trading platforms, to provide trading fee discounts and other benefits to users. 

This token also plays a role in various incentive programs, such as staking and participation in exclusive events on the FTX platform.

2. Wormhole (W)

Increase percentage: 5.43%

Sector: Web3, Interoperability

Market Capitalization: IDR 12,570 T

Market: W/IDR

Wormhole (W) is a cross-chain interoperability protocol that enables the transfer of assets and data between different blockchains. 

The project aims to facilitate better connectivity in the DeFi and DApp ecosystem, enabling users to transfer value and information seamlessly across networks.

Source: Bittime.com

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

3. Flare (FLR)

Increase percentage: 3.29%

Sector: Interoperability

Market Capitalization: IDR 11,959 T

Market: FLR/IDR

Flare (FLR) is a blockchain platform focused on interoperability, allowing smart contracts to be enabled on networks that do not directly support them, such as Bitcoin and XRP. 

Using an innovative consensus protocol, Flare aims to connect various blockchain ecosystems and expand the utility of digital assets through smart contracts and DApps.

Source: Bittime.com

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

4. Mantra (OM)

Increase percentage: 2.00%

Sector: DeFi 

Market Capitalization: IDR 16,758 T

Market: OM/IDR

Mantra (OM) is a community-based DeFi platform that offers services such as staking, lending, and governance to its users. 

The project aims to give users full control over their assets through transparent and secure decentralized financial management tools.

Source: Bittime.com

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

5. TRON (TRX)

Increase percentage: 1.58%

Sector: Media, Payments

Market Capitalization: IDR 210,315 T

Market: TRX/IDR

TRON (TRX) is a blockchain platform that aims to decentralize the entertainment content industry by allowing content creators to share their work directly with consumers without intermediaries. 

The project also supports DApp and smart contract development, and has a fast-growing ecosystem with a focus on scalability and high throughput.

Source: Bittime.com

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

Top Crypto Losers This Week

1. STRK down 24.57%

2. TIA down 24.00%

3. AR down 23.54%

4. ENA down 22.94%

5. BRETT down 22.03%  

The following is a detailed explanation of each coin today.

1. Starknet (STRK)

Drop percentage: 24.57%

Sector: Layer 2, Rollups

Market Capitalization: IDR 11,071 T

Market: STRK/IDR 

Starknet (STRK) is a Layer 2 solution built on top of Ethereum to improve scalability using ZK-Rollup technology. 

The project enables faster transactions and lower fees while maintaining the security and decentralization of the Ethereum network.

Source: Bittime.com

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

2. Celestia (TIA)

Drop percentage: 24.00%

Sector: Modular Blockchain 

Market Capitalization: IDR 16,374 T

Market: TIA/IDR 

Celestia (TIA) is a modular blockchain that decouples consensus and data availability, allowing developers to launch custom blockchains without having to build their own consensus infrastructure. 

This project aims to increase scalability and flexibility in the blockchain ecosystem by supporting multiple application chains connected simultaneously.

Source: Bittime.com

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

3. Arweave (AR)

Drop percentage: 23.54%

Sector: Distributed Computing, File sharing

Market Capitalization: IDR 18,444 T

Market: AR/IDR

Arweave (AR) is a blockchain platform that provides permanent, decentralized data storage, allowing users to store information in perpetuity for a one-time fee. 

This project uses blockweave technology to ensure scalability and efficiency, and supports applications that require long-term data storage.

Source: Bittime.com

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

4. Ethena (ENA)

Drop percentage: 22.94%

Sector: DeFi, Stablecoin

Market Capitalization: IDR 12,324 T

Market: ENA/IDR

Ethena (ENA) is a crypto project focused on developing a decentralized stablecoin that is fully collateralized by crypto assets such as Ethereum. 

With its unique mechanism, Ethena aims to provide price stability and efficiency in on-chain transactions without the need to involve third parties.

Source: Bittime.com

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

5. Brett (BRETT)

Decline percentage: 22.03%

Sector: Memes

Market Capitalization: IDR 12,359 T

Market: BRETT/IDR

Brett (BRETT) is a community-focused crypto project, designed to empower and facilitate social interaction in the blockchain ecosystem. 

This project aims to create a platform where users can participate and contribute while earning rewards in the form of BRETT tokens.

Source: Bittime.com

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

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