Crypto Market Today January 12 2024

Data based on crypto asset market prices on Bittime.com on February 12 2024, 12.00 WIB

Today's Bitcoin price fell slightly by 0.25 percent over the last 24 hours making it trade at 48,028 US dollars.

The majority of the crypto market today is moving down. Meanwhile ETH fell 1.50 percent in the last 24 hours so that the price was at the level of 2,483 US dollars. BNB , down 1.71 percent, traded at 317.41 US dollars. Meanwhile, SOL was observed to have fallen 4.45 percent throughout the day so that the price was at the level of 105.17 US dollars.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 70. 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. Troll (10000TROLL) up 76.92%
2. API3 (API3) rose 16.65%
3.  WazirX (WRX) up 10.75%
4. ImmutableX (IMX) rose 9.36%
5. Uma (UMA) rose 7.32%

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

1. 10000TROLL

• Increase percentage:76.92%
• Sector: Memes
• Market Capitalization: IDR 296 B
• Market : 10000TROLL/IDR

Troll (TROLL) is a memecoin initiative implemented on the ERC20 platform, with an emphasis on significant events in its ecosystem. The launch of Troll (TROLL) occurred on April 20, 2023, and expressively received widespread attention from the community, resulting in the TROLL token reaching high positions in various ranking lists within 24 hours.

Source: Bittime.com

Check today's 10000TROLL/IDR price chart and the entire crypto market in real-time on Bittime.

2. API3 (API3)

• Increase percentage: 16.65%
• Sectors: DeFi, Oracle
• Market Capitalization: IDR 5,013T
• Market : API3/IDR

API3 is a decentralized Oracle protocol that focuses on providing data directly from trusted sources to the blockchain. Oracles are key components in the blockchain ecosystem that connect smart contracts with information from the outside world. API3 differentiates itself with an “Airnode-first” approach, where the primary focus is on the nodes maintaining the data source and not on intermediary oracles. 

API3's main features involve decentralization and security. The protocol creates a fully decentralized oracle model, where node operators, called Airnodes, directly feed data into smart contracts without the need to cross intermediary oracles. This increases security and reduces the risk of external data manipulation. 

Source: Bittime.com

Check today's API3/IDR price chart and the overall crypto market in real-time on Bittime.

3. WazirX (WRX)

• Increase percentage: 10.75%
• Sector: CEX
• Market Capitalization: IDR 1.35T
• Market: WRX/IDR

WazirX (WRX) is a crypto exchange platform founded in India in 2018. As one of the leading exchanges in the country, WazirX facilitates trading of crypto assets such as Bitcoin and Ethereum. They make things easier for users in India by providing crypto purchasing services using local fiat currency, namely Indian Rupees (INR). 

WazirX's utility token, WRX, plays an important role in the platform's ecosystem. Users can use WRX to pay trading fees, earn discounts, and gain access to special features. As part of the Binance group, Binance's acquisition of WazirX in 2019 strengthened its position in the global market and opened opportunities for further integration between the two platforms. WazirX continues to be a key player in providing access to the world of crypto for Indians, while users are expected to conduct in-depth research before engaging in crypto trading.

Source: Bittime.com

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

4. ImmutableX (IMX)

• Increase percentage: 9.36%
• Sectors: GameFi, NFT
• Market Capitalization: IDR 61.6T
• Market: IMX/IDR

Immutable This blockchain was created specifically for NFT projects and Web3 games. The Zero-Knowledge (ZK) Rollups technology it uses enables a fast transaction validation process, reaching up to 9,000 transactions per second (TPS).

Another advantage offered by Immutable With its technology, this platform can reduce the fees paid to enter transaction data into the Ethereum blockchain.

Source: Bittime.com

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

5. Uma (UMA)

• Increase percentage:7.32%
• Sectors: DeFi, Oracle, Derivatives
• Market Capitalization: IDR 5.3 T
• Market : UMA/IDR

UMA (Universal Market Access) is a decentralized protocol that enables the creation and deployment of synthetic assets on the Ethereum blockchain. These synthetic assets can replicate the value of real-world assets, such as currencies, shares, or commodities, without requiring direct ownership of these assets. 

UMA leverages the concept of decentralization and smart contract mechanisms to facilitate the safe and efficient creation, management and trading of synthetic assets worldwide.

Source: Bittime.com

Check today's  UMA/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.