Crypto Market Today December 1, 2023

Data based on crypto asset market prices on Bittime.com on December 1, 2023, 12.00 WIB

Today's Bitcoin price is in the green zone, up 1.37 percent in the last 24 hours and up 1 percent in the week. At the time of writing, Bitcoin was trading at 38,292 US dollars. 

The majority of today's crypto markets move into the green zone. ETH rose 3.24 percent over the last 24 hours, trading at 2,096 US dollars. The next crypto, BNB, rose a slight 0.35 percent in the last 24 hours. This brought the price of BNB to the level of 228.64 US dollars. XRP also rose around 0.66 percent in the last 24 hours, moving to the level of 0.612 US dollars.  

AVAX and DOT are two crypto assets that have strengthened more than 5 percent in the last 24 hours, trading at 22.32 US dollars and 5.46 US dollars. 

Overall, the Fear and Greed Index on the Coinmarketcap.com page shows 70. This is a sign that the market is still in the greed phase or is optimistic about the current economic conditions and crypto industry.

Source: Cryptorank

Below are some of the crypto assets that experienced the best performance and significant price increases on Bittime:

1. Reef (REEF)

• Increase percentage: 16%
• Sector: Media, gaming, Web3, payment
• Market Capitalization: IDR 632 B
• Market: REEF/IDR

Reef (REEF) is a blockchain platform focused on providing accessible and affordable decentralized financial (DeFi) services. Using blockchain technology, Reef is building an ecosystem that allows users to easily access various financial services, such as staking, lending and trading, without requiring a high level of technicality. 

Reef's main advantage is its user-friendly interface, making DeFi accessible to various groups in a more inclusive way. Reef Token (REEF) serves as the main asset in this ecosystem. REEF is used to pay transaction fees, provide liquidity, and provide incentives to users who participate in various ecosystem functions. 

By providing a simple yet powerful DeFi platform, Reef aims to expand access to global financial services, connecting users with investment opportunities that were previously difficult to reach. Through this approach, Reef plays a role in driving widespread adoption of DeFi and embracing financial inclusion around the world.

Check today's  REEF/IDR price chart and the crypto market as a whole in real-time on Bittime.

Source: Bittime.com

2. Celestia (TIA) 

• Increase percentage: 13.5%
• Sector: Platform, modular blockchain
• Market Capitalization: IDR 13 T
• Market: TIA/IDR

Celestia (TIA) is a blockchain protocol that aims to increase sustainability and transparency in the renewable energy ecosystem. Built on blockchain technology to ensure security and authenticity, Celestia provides innovative solutions for tracking and managing renewable energy production. 

Celestia's goal is to create infrastructure that supports the growth of green energy and reduces the carbon footprint. Celestia's highlights include a decentralized energy tracking system that enables real-time monitoring of renewable energy production. 

Also read: What is Celestia (TIA)? Everything You Need to Know

The TIA token is used as an incentive for green energy users and producers, motivating the adoption of sustainable energy. Through an innovative economic model, Celestia seeks to create an ecosystem that supports renewable energy projects and drives the transition to a more sustainable future.

Celestia plays a critical role in accelerating the adoption of renewable energy while providing added value to stakeholders across the value chain.

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

Source: Bittime.com

3. SuperRare (RARE)

• Increase percentage: 11.8%
• Sector: NFT Marketplace
• Market Capitalization: IDR 1.95 T
• Market: RARE/IDR

SuperRare (RARE) is an Ethereum blockchain-based NFT platform. The goal is to empower digital artists by providing a medium to create, market and sell digital artwork as NFTs (Non-Fungible Tokens). 

SuperRare ensures the authenticity and ownership of artworks by representing them as NFTs. Each work of art is a unique asset that allows the artist to receive royalties each time it is resold. 

The platform's main features involve a decentralized marketplace for buying and selling digital artwork, while also providing direct interaction between artists and collectors. SuperRare drives the growth of the digital art ecosystem by uniting art and blockchain technology, creating a decentralized space for creative expression and growth of the digital art community globally.

Check today's  RARE/IDR price chart and the crypto market as a whole in real-time on Bittime.

 Source: Bittime.com

4.Ocean Protocol (OCEAN)

• Increase percentage: 10.8%
• Sectors: DeFi, AI, Web3
• Market Capitalization: IDR 4.1 T
• Market : OCEAN/IDR

Ocean Protocol (OCEAN) is a blockchain protocol that facilitates decentralized data exchange. Created by technology company BigchainDB, Ocean Protocol aims to empower users with complete control over their own data.

The way Ocean Protocol works involves users being able to monetize their data in a secure and encrypted way. Users can sell or share their data through this protocol without losing control of their privacy. This protocol uses blockchain technology to create a safe and trusted environment.

Ocean Protocol's key features include the ability to create data markets, where users can sell or buy data using OCEAN tokens. Additionally, this protocol provides a high layer of security, ensuring that data remains protected during exchange.

Check today's OCEAN/IDR price chart and the crypto market as a whole in real-time on Bittime.

 Source: Bittime.com

5. Memecoins (MEME)

• Increase percentage: 8.3%
• Sector: NFT
• Market Capitalization: IDR 3.9 T
• Market: MEME/IDR

MEME is a coin born from the creative minds of the team behind 9GAG, a cute platform with a large community. Even though this coin is 100 percent just about memes without any utility, roadmap, or promise of financial gain that other coins often have, Memecoin actually managed to raise 10 million US dollars in funding when it was first launched. 

Also read: Memecoin (MEME): Token Made by the Founder of 9GAG

In its concept document (whitepaper) , the development team clearly states that MEME exists solely to provide entertainment. Uniquely, this honesty actually attracts the attention of investors. They realized from the start that the coins they purchased did not offer the promise of a refund or profit, but rather were a source of entertainment for the community.

Check today's  MEME/IDR price chart and the crypto market as a whole in real-time on Bittime.

Source: Bittime.com

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DISCLAIMER : This article is informational in nature and is not advice, recommendation, 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. Bittime is not responsible for changes in exchange rates or crypto asset prices.