Crypto Market Today 6 December 2023 – Bittime

Data based on crypto asset market prices on Bittime.com on December 6 2023, 12.00 WIB

Today's Bitcoin price continues to strengthen by 4.71 percent in the last 24 hours and rose 12.65 percent in the week. At the time of writing, Bitcoin was trading at 43,608 US dollars.

The majority of the crypto market is moving into the green zone. ETH also rose 2.22 percent in the last 24 hours, trading at the level of 2,270 US dollars. BNB only rose slightly, namely 0.13 percent to 231.8 US dollars.

Another crypto asset, SOL continues to strengthen 5.90 percent over the last 24 hours. This brought the SOL price to the level of 63.45 US dollars. AVAX was one of the altcoins that moved significantly in one day, namely more than 16 percent, making it trade at the level of 26 US dollars.

Overall, the Fear and Greed Index on the Coinmarketcap.com page shows 82. 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. BakeryToken (BAKE)

Increase percentage: 80.86%
Sectors: NFT, DeFi, gaming
Market Capitalization: IDR 1.4 T
Market: BAKE/IDR

BakeryToken is a decentralized Automated Market Maker (AMM) protocol operating on the Binance Smart Chain (BSC). BAKE, a BEP-20 token, is used as the governance token on the platform. Users can earn BAKE tokens by providing liquidity on BakeryToken, while these tokens also serve for governance voting and earning dividends from transaction fees.

BAKE rewards are provided in a variety of liquidity pools, including BTC, ETH, DOT, LINK, BUSD, and BAKE versus BNB. BakeryToken was developed by an anonymous group that believes in the concept of decentralized autonomous organizations (DAO).

BakeryToken provides liquidity pools for altcoins such as LINK and DOT, with two types of pools : those that offer BAKE rewards and those that don't. Both of these pools can be managed by the community, and only a few have BAKE rewards with reward multipliers varying according to the contribution to BAKE holders.

Check today's BAKE/IDR price chart and the entire crypto market in real-time on Bittime.

Source: Bittime.com

2. BurgerCities (BURGER)

Increase percentage:30.03%
Sectors: DeFi, gaming, DEX
Market Capitalization: IDR 385 B
Market: BURGER/IDR

BurgerCities is a project or platform that aims to create a unified and standardized metaverse world in the Web3 ecosystem. The goal is to integrate decentralized finance (DeFi) and non-fungible tokens (NFT) into the metaverse at large, providing users with a comprehensive experience.

In this metaverse world, users are expected to engage in a variety of daily activities, including social interactions, gaming, and more. At the same time, they can explore and leverage DeFi and NFT functionality within the metaverse. Some of the activities mentioned include trading, staking, NFT exhibitions, and GameFi (which likely refers to gaming within the realm of decentralized finance and NFTs).

The integration of DeFi and NFTs into the metaverse allows users to interact with these blockchain-based financial features and digital assets using their avatars. This concept is in line with the growing trend of combining cyberspace, blockchain technology, and decentralized applications (DApps) to create immersive and interconnected digital experiences.

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

Source: Bittime.com

3. Celestia (TIA)

Increase percentage: 20.47%
Sector: Platform, modular blockchain
Market Capitalization: IDR 24.1 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.

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

4. Dogecoin (DOGE)

Percentage increase: 16.09%
Sector: Medium of Exchange, memes, payment
Market Capitalization: IDR 224 T
Market: DOGE/IDR

Dogecoin (DOGE) is a crypto asset that was initially created as a joke in 2013, but has since become one of the most popular digital currencies. Known for its iconic Shiba Inu dog logo, Dogecoin is renowned for its strong and vibrant community. Although not originally designed for a specific purpose, Dogecoin has been used in a variety of social activities, including fundraising for charities and online tipping proportions.

Dogecoin also has a large community on social media, and its value is often influenced by trends and events in the crypto world. As a cryptocurrency, Dogecoin uses the same blockchain technology as Bitcoin, although with differences in its consensus algorithm. Although it started as a joke, Dogecoin has become one of the most talked about and widely used cryptocurrencies worldwide, demonstrating its unique appeal in the digital currency market.

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

Source: Bittime.com

5. DODO (DODO)

Increase percentage: 15.64%
Sectors: DeFi, DEX
Market Capitalization: IDR 1.46 T
Market: DODO/IDR

.DODO is a Decentralized Exchange (DEX) protocol built on the Ethereum blockchain. The main focus of DODO is to provide better liquidity in the crypto asset market by utilizing a decentralized model. One of DODO's main features is Proactive Market Maker (PMM), which allows users to provide liquidity in crypto asset pools more efficiently.

DODO token is a utility token used in the ecosystem. Users can use DODO for various purposes within the platform, such as providing liquidity, participating in risk management, or gaining voting rights in protocol decisions.

Thus, DODO is not only a means of transactions, but also an important tool in protocol participation and management. DODO has a reputation as an innovative protocol in the world of DeFi (Decentralized Finance) due to its unique approach to liquidity and risk management.

DODO's success in creating a PMM model that can be accessed and managed by anyone in a decentralized manner has attracted attention within the crypto community. As the project continues to develop, DODO can continue to play an important role in increasing market liquidity and providing more efficient solutions for crypto market players.

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

Source: Bittime.com

Learn More With Bittime:

Collection of educational articles about blockchain, web3 and crypto HERE
Do you have questions about Bittime? Find out HERE

Take the first step on your crypto journey with Bittime and download the Bittime application here:

Register a Bittime account: Download here
iOS Users : Download here
Android users: Download here

Find Bittime here:

Instagram: @bittimeofficial
Twitter: @BittimeID
Telegram: @BittimeOfficial

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.

Related to