Data based on crypto asset market prices on Bittime.com on January 10 2024, 12.00 WIB

Today's Bitcoin price is moving into the red zone. BTC fell 1.74 percent over the last 24 hours to make it trade at 45,985 US dollars. 

The majority of the crypto market is also moving into the red zone. SOL fell 3.42 percent, trading at 99.18 US dollars. Other assets such as AVAX also experienced a decline of 6.40 percent, bringing the price to 33.94 US dollars. BNB also fell slightly by 0.20 percent over the last 24 hours and is currently at the level of 300.89 US dollars.

While popular altcoins experienced a decline, ETH actually rose 3.14 percent during the day so that its price was at the level of 2,381 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 73. 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. Pendle (PENDLE) up 16.48%

2. Chromia (CHR) up 12.42%

3. Reef (REEF) up 9.09%

4. Perpetual Protocol (PERP) rose 7.70%

5. Arbitrum (ARB) up 6.51%

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

1. Pendle (PENDLE)

• Increase percentage:16.48%
• Sector: Olympus Pro Ecosystem
• Market Capitalization: IDR 4.5 T
• Market : PENDLE/IDR

Pendle is a DeFi protocol that allows users to manage and trade yield tokens, which are a relatively new financial asset in the DeFi ecosystem. This protocol is unique in that it focuses on tokenization and trading of yields generated from other assets.

In Pendle, users can separate rights to future yields from ownership of their underlying assets, creating two separate types of tokens: asset ownership tokens (OT) and yield tokens (YT). This enables flexibility and innovation in how DeFi users interact with yields, including the ability to sell, buy, or speculate on future yields. 

Source: Bittime.com

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

2. Chromia (CHR)

• Increase percentage: 12.42%
• Sectors: Enterprise Solutions, Gaming, Web3
• Market Capitalization: IDR 3.32 T
• Market : CHR/IDR

Chromia (CHR) is a blockchain platform focused on user-friendly decentralized applications ( dApps ). Founded in 2017, the platform aims to provide reliable and easy-to-use solutions for decentralized application developers across various industries. 

One of Chromia's key features is its consensus model called "Relational Blockchain." With this approach, Chromia can overcome scalability issues that are often an obstacle in the growth of blockchain projects. Additionally, the platform offers smart contracts in more common programming languages, such as SQL, making them easier for developers to understand and adopt.

Source: Bittime.com

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

3. Reef (REEF)

• Increase percentage: 9.09%
• Sector: Media, gaming, Web3, payment
• Market Cap: R528 M
• Market : REEF/IDR

Reef (REEF) is a blockchain platform focused on providing accessible and affordable 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 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. 

Source: Bittime.com

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

4. Perpetual Protocol (PERP) 

• Increase percentage: 7.70%
• Sectors: DEX, DeFi, Derivatives
• Market Capitalization: IDR 1.37 T
• 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.

5. Arbitrum (ARB)

• Increase percentage: 6.51%
• Sectors: Layer-2, DAO, Dapp
• Market Capitalization: IDR 37.7 T
• Market: ARB/IDR

Arbitrum is a layer 2 solution designed to improve the scalability and efficiency of the Ethereum network, addressing one of Ethereum's biggest challenges namely limited capacity and high transaction fees. 

Using “rollup” technology, Arbitrum processes transactions off-chain before finally assigning them to the Ethereum blockchain. In this way, Arbitrum allows more transactions to be processed quickly and at lower fees, without sacrificing the security provided by the main Ethereum network. This efficiency makes Arbitrum an attractive choice for users and developers looking for a more scalable and economical solution in the Ethereum ecosystem. 

Also read: What is Arbitrum (ARB)? The Largest Layer2 on Ethereum

Source: Bittime.com

Check  today's  ARB/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.