Cryptocurrencies were booming during the pandemic, in line with the rising popularity of non-fungible tokens (NFT). Back then, almost everyone was talking about crypto and NFT. However, the price of several cryptocurrencies, such as bitcoin, has fallen.

The enthusiasm over NFT in Indonesia is quite high. It has even motivated some celebrities to launch cryptocurrencies. For example, Anang Hermansyah's family launched Asix Token and the Lesti-Billar couple launched the Leslar Metaverse.

As we all know, crypto coins are used as a means of payment to buy NFT digital assets, such as digital image designs or even digital shoes. 

Crypto has been around since 2009. At that time, there were already many cryptocurrencies in circulation, the most famous was bitcoin. However, after being on the rise, according to Katadata, bitcoin fell to its lowest level since 2020 on Saturday (18 June).

Until the end of 2021, Indonesian celebrities were getting more and more interested in this opportunity and launched their own cryptocurrencies, starting from the daughter of Ustadz Yusuf Mansur, Wirda Mansur with I-COIN, the Lesti-Billar couple with their Leslar Metaverse project and the Asix Family with their Asix Token. 

If crypto prices continue to decline, what will happen to them?

The price of foreign crypto coin products, such as bitcoin as the largest currency, has decreased to $17,592 according to a statement written by CoinDesk (18 June). Meanwhile, the price of ethereum is stagnant at $1,000.

Katadata reported that the price of Wirda Mansur's I-COIN decreased by 53.1%, but increased by 8.4% to US$0.00235805 on 22 June.

The Leslar Metaverse fell by 4.2% in 24 hours to US$0.00000155. It slumped 14.1% over the week and 40.5% over the month.

On 18 June, ASIX touched an all-time low of US$0.000000004593 but rose to US$0.000000005522 on 21 June.

Crypto itself has tokens and coins. Crypto coins are the likes of bitcoin and ethereum. Meanwhile, what the celebrities mentioned above own are crypto tokens. Examples of crypto tokens are Tether (USDT), DAI, UMA, USD Coin (USDC) and Basic Attention Token (BAT).