Crypto Market Today 1 January 2024

Data based on crypto asset market prices on Bittime.com on January 2 2024, 12.00 WIB

Today's Bitcoin price rose 7.33 percent over the last 24 hours making it trade at 45,687 US dollars. 

The majority of the crypto market is moving into the green zone. ETH experienced an increase of 5.64 percent in the last 24 hours so that the price was at the level of 2,416 US dollars. Then BNB was also observed to have risen 2.66 percent over the last 24 hours so that its current value is at the level of 319.42 US dollars. 

Meanwhile SOL rose 13.51 percent in one day, bringing it to the level of 116.52 US dollars. AVAX also rose 11.21 percent, taking it to 43.37 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 71. 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. Perpetual Protocol (PERP)

• Increase percentage: 39.47%
• Sectors: DEX, DeFi, Derivatives
• Market Capitalization: IDR 1.5T
• Market : PERP/IDR

Perpetual Protocol (PERP) is a DeFi platform that offers decentralized derivatives trading with high leverage. This platform allows users to speculate on the price of crypto assets without requiring physical ownership of the assets. 

One of its main features is the ability to trade futures contracts without expiration dates, giving traders more flexibility. Perpetual Protocol stands out because it uses a unique liquidation system and efficient trading mechanisms to reduce risk and increase liquidity.

Source: Bittime.com

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

2. Sei Network (SEI) 

• Increase percentage: 29.23%
• Sector: Layer-1
• Market Capitalization: IDR 26.7 T
• Market : SEI/IDR

Sei Network (SEI) is a blockchain platform specifically designed for decentralized financial markets. This platform emphasizes optimizing transaction speed and efficiency to support trading applications and other financial services. The goal is to overcome the problems of high latency and expensive transaction fees often encountered in today's DeFi ecosystem. 

By leveraging advanced infrastructure, Sei Network aims to be a solution for users and developers in the DeFi space. This initiative promises a more responsive and cost-effective platform, with the hope of increasing accessibility and efficiency for DeFi market players.

Also read: What is SEI? Layer-1 Blockchain Specifically for Trading

Source: Bittime.com

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

3. Adventure Gold (AGLD)

• Increase percentage: 28.87%
• Sector: Distributed computing, storage
• Market Capitalization: IDR 1.8 T
• Market : AGLD/IDR

Adventure Gold (AGLD) is a crypto token closely related to the Loot project, which is one of the unique Non-Fungible Token (NFT) projects in the Ethereum ecosystem. AGLD is designed as a utility token for the Loot ecosystem, where it acts as an in-game currency for virtual goods and services within the Loot ecosystem.

These tokens allow NFT Loot owners to interact in various in-game activities, including trading, purchasing items, and participating in exclusive events or quests. The concept behind Adventure Gold is to add an additional economic layer to the NFT Loot collection, thereby expanding the possible uses for those NFTs.

By using AGLD, NFT holders can engage more deeply in the Loot ecosystem, providing added value and greater utility for NFT holders. The project is interesting for its unique approach of combining the world of NFTs with utility tokens, creating more dynamic interactions and a richer ecosystem for gaming fans and NFT collectors.

 Source: Bittime.com

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

4. Sui (SUI)

• Increase percentage: 18.73%
• Sector: Layer-1
• Market Capitalization: IDR 15.4 T
• Market: SUI/IDR

Sui (SUI) is a promising crypto project, designed as a next-generation blockchain platform. Developed by Mysten Labs, Sui focuses on scalability, security, and high transaction efficiency. The main technology used is Move, a new programming language developed specifically for Sui, which offers high security and flexibility in the development of decentralized applications ( dApp ). 

Sui stands out with its unique architecture that allows processing transactions in parallel, unlike conventional blockchains that operate sequentially. This allows Sui to handle very large transaction volumes without sacrificing speed or costs.

Source: Bittime.com

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

5. BakeryToken (BAKE)

• Increase percentage:18.51%
• Sectors: NFT, gaming, DeFi
• Market Capitalization: IDR 2.3 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. 

BakeryToken provides liquidity pools for altcoins such as LINK and DOT, with two types of pools: those that offer BAKE rewards and those that do not. 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.

Source: Bittime.com

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

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.