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Cuan Coin Today January 8 2024

Risky Candra
Updated

Data based on crypto asset market prices on Bittime.com on January 8 2024, 12.00 WIB

Today's Bitcoin price has fallen into the red zone. Bitcoin fell 1.07 percent over the last 24 hours to make it trade at 43,535 US dollars. 

The majority of crypto markets experience declines. ETH fell 2.46 percent during the day so that the price was at the level of 2,192 US dollars. Then SOL also rose 6.11 percent, trading at 88.06 US dollars.  BNB also fell 4.48 percent over the last 24 hours and is currently at the level of 294.56 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 or optimistic phase regarding the current economic conditions and crypto industry.

Source: Cryptorank

Cuan coins that experienced the best performance and significant price increases on Bittime:

1. Dego Finance (DEGO) up 17.75%

2. Stacks (STX) up 7.11%

3. Maker (MKR) up 3.58%

4. Ethereum Name Service (ENS) up 2.10%

5. Guild Games (YGG) yield rose 1.96%

 

The following is a detailed explanation of each cuan coin today. 

1. Dego Finance (DEGO)

  • Increase percentage: 17.75%
  • Sectors: NFT, DeFi, DAO
  • Market Capitalization: IDR 841 B
  • Market : DEGO/IDR

Dego Finance (DEGO) is an innovative platform in the decentralized finance ( DeFi ) ecosystem that combines the use of Non-Fungible tokens ( NFT ) with various financial services. DEGO stands out in the DeFi ecosystem with its modular and flexible approach, enabling the tokenization of assets into NFTs. This feature gives users the ability to create, buy, and sell NFTs, opening up new opportunities in digital trading and investing.

Additionally, DEGO provides infrastructure that makes it easier for developers to design and integrate DeFi applications, supporting growth and diversification in the blockchain ecosystem. Apart from focusing on NFTs and modular infrastructure, Dego Finance also offers DEGO token mining and staking features , giving its users the opportunity to earn rewards. 

Source: Bittime.com

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

2.Stacks (STX) 

  • Increase percentage: 7.11%
  • Sectors: Web3, NFT, DeFi
  • Market Capitalization: IDR 39.3 T
  • Market : STX/IDR

Stacks (STX) is a unique blockchain layer designed to bring the intelligence of smart contracts and decentralized applications ( dApps ) to Bitcoin. Unlike many other blockchains that operate separately, Stacks works side by side with Bitcoin, taking advantage of its security and stability. 

Through the use of Stacks, developers can build applications that leverage the Bitcoin blockchain without disrupting its core performance. This is done through an innovative consensus mechanism known as Proof of Transfer (PoX), which connects the two blockchains. In this way, Stacks opens up new possibilities in the Bitcoin ecosystem, enabling new functions and applications previously unavailable in Bitcoin. 

Also read: What is Stacks (STX)? Layer 2 Blockchain for Bitcoin Smart Contracts

Source: Bittime.com

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

3. Maker (MKR)

  • Increase percentage: 3.58%
  • Sectors: DeFi, DAO
  • Market Capitalization: IDR 26 T
  • Market : MKR/IDR

Maker (MKR) is a token associated with MakerDAO, a decentralized autonomous organization that manages DAI, a stablecoin whose value is tied to the US Dollar. MKR serves as a utility and governance token in the MakerDAO ecosystem, giving its holders the right to vote on decisions that affect the system, including interest rates and collateral policies. These tokens are also used to pay fees within the MakerDAO system and the amount decreases over time to maintain economic balance. As an important part of the DeFi ecosystem, MakerDAO and MKR contribute to the stability and sustainability of decentralized financial markets.

Source: Bittime.com

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

4. Ethereum Name Service (ENS)

  • Increase percentage: 2.10%
  • Sectors: DAO, Web3, Governance
  • Market Capitalization: IDR 6.53T
  • Market: ENS/IDR

Ethereum Name Service (ENS) is a crypto project that provides blockchain-based domain services, similar to the DNS system on the conventional internet. ENS allows users to associate easy-to-remember names, such as 'username.eth', with complex and hard-to-remember Ethereum addresses. This simplifies the process of sending and receiving crypto assets, as users only need to know the ENS name instead of a long address. ENS also supports storing other metadata, such as email addresses or telephone numbers, as well as digital identities. 

In addition to its basic function of simplifying Ethereum addresses, ENS also plays an important role in the Web3 ecosystem , where identity and ownership are decentralized and open. ENS operates as a decentralized service, unlike centralized DNS systems, giving its users full control over the domains they own. This reinforces the principle of decentralization that is at the core of blockchain and Ethereum technology.

Source: Bittime.com

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

5. Yield Guild Games (YGG)

  • Increase percentage:1.96%
  • Sectors: Gaming, NFT, Entertainment
  • Market Capitalization: IDR 2.3 T
  • Market : YGG/IDR

Yield Guild Games (YGG) is a blockchain project that focuses on the play-to-earn (P2E) concept in the gaming ecosystem. YGG is a decentralized autonomous organization ( DAO ) that aims to optimize revenue potential in blockchain-based games by providing infrastructure, resources and community support for its players. 

The project allows players to earn income from various blockchain games by providing the necessary digital assets, such as NFTs or in-game items, which can be used to participate in the P2E gaming ecosystem. 

YGG token, as a utility token in the DAO, is used for various functions such as rewards, staking, and governance. YGG token holders can participate in DAO decisions, influencing the direction and policies of Yield Guild Games. 

Through its business model, YGG seeks to open access to the blockchain gaming economy, providing opportunities for players from various backgrounds to earn income and contribute to the global gaming community. With a focus on collaboration and inclusivity, YGG forms a bridge between the gaming world and the blockchain digital economy.

Source: Bittime.com

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

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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.

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