Data based on crypto asset market prices on Bittime.com on January 11, 2024, 12.00 WIB

Today's Bitcoin price fell 0.49 percent over the last 24 hours making it trade at 45,903 US dollars. 

The majority of the crypto market today is moving into the green zone. ETH rose 8.31 percent, trading at 2584 US dollars. Other assets such as BNB also experienced an increase of 1.02 percent, bringing the price to 304.58 US dollars. SOL also rose slightly by 0.29 percent over the last 24 hours and is currently at the level of 99.48 US dollars.

The next crypto, ADA rose 10.53 percent, making it trade at a price of 0.566 US dollars. AVAX also rose 8.92 percent and the price was at the level of 38.50 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 76. 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. Ethereum Name Service (ENS) up 38.09%

2. Ethereum Classic (ETC) up 34.14%

3. Pendle (PENDLE) up 24.12%

4. BakeryToken (BAKE) up 19.56%

5. Arbitrum (ARB) up 19.00%

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

1. Ethereum Name Service (ENS)

• Increase percentage: 38.09%
• Sectors: DAO, Governance, Web3
• Market Capitalization: IDR 10.1 T
• 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.

2. Ethereum Classic (ETC)

• Increase percentage: 34.14%
• Sector: Platforms, smart contracts
• Market Capitalization: IDR 63.8 T
• Market : ETC/IDR

Ethereum Classic (ETC) is one of the crypto assets that emerged as a result of the hard fork on the Ethereum network in 2016.

The way Ethereum Classic works is similar to Ethereum. This platform utilizes blockchain technology to store data safely and transparently. Smart contracts, which are computer programs that execute agreements automatically without the need for intermediaries, are the main focus of Ethereum Classic. Users can use ETC to pay transaction fees and gain access to various applications built on this blockchain. 

Ethereum Classic's advantage lies in its commitment to the principle of immutability, ensuring the security and reliability of its network. While not as popular as Ethereum, Ethereum Classic remains a choice for those who appreciate its immutability and are looking for a decentralized solution for smart contracts and blockchain applications.

Source: Bittime.com

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

3. Pendle (PENDLE)

• Increase percentage: 24.12%
• Sector: Sector: Olympus Pro Ecosystem
• Market Capitalization: R6.5 T
• Market : PENDLE/IDR

Pendle is a decentralized finance (DeFi) protocol that allows users to manage and trade yield tokens, which are relatively new financial assets 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. 

Pendle's native token, PENDLE, is used in a variety of functions within the protocol ecosystem. PENDLE holders can participate in protocol governance, voting on proposed changes or improvements. Q

PENDLE tokens are also used for incentives for users, including rewards to liquidity providers and other participants in the ecosystem. Pendle offers a new approach to yield management in DeFi, enabling users to be more active and creative in managing and exploiting their earning potential in the world of decentralized finance.

Source: Bittime.com

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

4. BakeryToken (BAKE) 

• Increase percentage: 19.56%
• Sectors: NFT, DeFi, gaming
• Market Capitalization: IDR 1.86 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.

5. Arbitrum (ARB)

• Increase percentage: 6.51%
• Sectors: Layer-2, DAO, Dapp
• Market Capitalization: IDR 45.5T
• 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.