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Crypto Market Today 6 February 2024

Risky Candra
Updated

Data based on crypto asset market prices on Bittime.com on February 6 2024, 12.00 WIB

Today's Bitcoin price rose 0.66 percent over the last 24 hours making it trade at the level of 42,854 US dollars.

The majority of the crypto market today is moving into the red zone. The next crypto, BNB , rose 0.33 percent, trading at 302.39 US dollars. Meanwhile, SOL was observed to rise 3.71 percent during the day so that the price was at the level of 94.32 US dollars.

Meanwhile ETH rose 0.14 percent in the last 24 hours so that the price was at the level of 2,328 US dollars. 

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 60. 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 ) rose 18.94%

2 Acala (ACA) rose 10.56%

3. Reef (REEF) up 9.52%

4. Xai (XAI) rose 8.41%

5. Dusk (DUSK) up 8.22%

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

  1. Ethereum Name Service (ENS)

  • Increase percentage: 18.94%
  • Sectors: DAO, governance, Web3
  • Market Capitalization: IDR 10.7 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. 

Source: Bittime.com

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

2. Acala Token (ACA)

  • Increase percentage: 10.56%
  • Sector: DeFi
  • Market Capitalization: RP1.3T
  • Market : ACA/IDR

Acala Token (ACA) is a crypto asset that plays an important role in the Acala ecosystem, which is a DeFi (Decentralized Finance) platform based on Polkadot. 

ACA is used as a means of payment, collateral, and control tool in various products and services offered by Acala, such as staking, lending, and digital asset exchange. 

In addition, ACA also has a role in protocol decision making and validator selection on the Acala network. As an asset that supports an innovative DeFi ecosystem, ACA has the potential to provide financial benefits to its holders and contribute to the development of DeFi in the Polkadot ecosystem.

Also read: What is Acala Network (ACA): Decentralized DeFi Network in the Polkadot Ecosystem

Source: Bittime.com

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

3. Reef (REEF)

  • Increase percentage: 9.52%
  • Sector: Media, Gaming, Web3
  • Market Capitalization: IDR 502B
  • Market: REEF/IDR

Reef (REEF) is a blockchain platform that focuses on providing accessible and affordable DeFi services. Using blockchain technology, Reef is building an ecosystem that allows users to easily access a variety of financial services, such as staking, lending, and trading, without requiring any level of technicality. tall one. 

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. Xai (XAI)

  • Increase percentage:8.41%
  • Sector: gaming
  • Market Capitalization: IDR 3.6 T
  • Market: XAI/IDR

Xai (XAI) is a breakthrough project within the Arbitrum Orbit ecosystem. They are focused on overcoming scalability issues in blockchain and bringing a revolution to the world of Web3 gaming. 

Developed by the Xai Foundation with support from Arbitrum Offchain Labs and Ex Populus, Xai aims to be a decentralized gaming platform that combines entertainment with the latest technology.

Also read: What is Xai (XAI): Gaming Innovation on Blockchain Arbitrum

Source: Bittime.com

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

5. Dusk (DUSK)

  • Increase percentage: 8.22%
  • Sector: Enterprise Solution
  • Market Capitalization: IDR 2.11 T
  • Market : DUSK/IDR

Dusk (DUSK) is a crypto asset used in the Dusk Network ecosystem. Dusk Network is a blockchain platform specifically designed for advanced security and privacy in digital transactions. 

DUSK is used as a means of payment, collateral, and a tool to participate in various services and applications on the Dusk network. One of the main focuses of Dusk Network is to facilitate trading based on smart contracts that remain private and secure, as well as supporting various applications such as digital capital markets, asset tokenization, and other decentralized applications. 

Thus, Dusk (DUSK) has an important role in supporting transactions and activities in the Dusk Network ecosystem.

Source: Bittime.com

Check today's DUSK/IDR price chart and the entire crypto market 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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