Crypto Market Today 5 December 2023

Data based on crypto asset market prices on Bittime.com on December 5 2023, 12.00 WIB

Bitcoin Price Today rise 1.18 percent in the last 24 hours and rose 11.50 percent in the week. At the time of writing, Bitcoin was trading at 41,896 US dollars. 

Other crypto assets that have experienced price increases are BNB and AVAX. BNB rose 1.4 percent, making it trade at 231.89 US dollars, while AVAX rose 2.27 percent to 22.78 US dollars. 

ETH experienced a slight decline of 0.39 percent over the last 24 hours, trading at 2,236 US dollars. The next crypto, SOL, also fell 6.63 percent in the last 24 hours. This brought the SOL price to the level of 60.43 US dollars. XRP was also trapped in the red zone, falling 1.90 percent in the last 24 hours, moving at the level of 0.622 US dollars.  

Overall, the Fear and Greed Index on the Coinmarketcap.com page shows 79. 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. SuperVerse (SUPER)

• Increase percentage: 27.66%
• Sector: NFT, launchpad
• Market Capitalization: IDR 4.6 T
• Market: SUPER/IDR

SuperVerse is a decentralized ecosystem that combines multiple products in one governance token, SUPER. With years of experience developing high-quality games in Unreal Engine, SuperVerse offers users high-quality in-game utilities and a global community. This is a form of SuperVerse's commitment to shaping the future of the crypto industry by providing a series of advanced features for users. 

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

Source: Bittime.com

2. Memecoins (MEME) 

• Increase percentage: 21.27%
• Sector: NFT
• Market Capitalization: IDR 5.76 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. 

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

3. ORDI (ORDI)

• Increase percentage: 18.91%
• Sector: BRC-20
• Market Capitalization: IDR 16.1 T
• Market: ORDI/IDR

ORDI is a BRC-20 standard token built on the Bitcoin network. The creator of this token is known to have the Twitter username @domodata. As the creator, DOMO explained that the BRC-20 token, like ORDI, does not have a specific function and use. 

In general, ORDI is categorized as a memecoin, like DOGE, PEPE, and others, whose value tends to increase due to social activity trends. However, just like crypto tokens in general, it is not yet certain whether the value of ORDI will experience a significant increase or experience a further decline.

However, one thing that is certain is that there is significant innovation in the Bitcoin blockchain ecosystem. BRC-20 tokens are now traded on Ethereum NFT platforms such as OpenSea. New Bitcoin City, as an L2 Bitcoin project, brings the concepts of SocialFi, GameFi, DeFi and NFT in one platform. 

Thus, this development shows that the Bitcoin blockchain world is not only focused on token value alone, but also combines various applications and innovative concepts to create a broader and more diverse ecosystem. This provides an opportunity for investors and users to better understand the potential for future blockchain development.

You can see more detailed information about ORDI here. 

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

 Source: Bittime.com

4. SuperRare (RARE)

• Increase percentage: 15.97%
• Sector: NFT Marketplace
• Market Capitalization: IDR 1.37 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

5. Neutron (NTRN)

• Increase percentage: 14.36%
• Sector: DeFi, smart contracts
• Market Capitalization: IDR 2.4 T
• Market: NTRN/IDR

Neutron, a smart contract platform, is designed to overcome the challenges that other smart contract platforms often face, especially in terms of extensibility and interconnection. Leveraging Cosmos Hub's security and interconnectable infrastructure, Neutron provides developers with an efficient, secure, and fast platform for creating cross-platform financial applications. 

Unique features such as a distinctive consensus process, advanced technology, and modular design make it an attractive choice in the growing ecosystem of blockchain-based financial platforms. As the first consumer chain to launch within the Cosmos Hub Interchain security framework, Neutron's success is expected to establish a mutually beneficial relationship between Neutron and Cosmos Hub, ultimately increasing the value and security of both.

Also read: Neutron (NTRN): The Most Secure Smart Contract Platform in the Cosmos Ecosystem

Check today's NTRN/IDR price chart and the overall crypto market 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.