Crypto Market Today 7 March 2024

Data based on crypto asset market prices on Bittime.com on March 7 2024, 12.00 WIB

Today's Bitcoin price moved down to 66,719 US dollars, up 0.25 percent over the last 24 hours. Another crypto asset, ETH, also moved down 1.32 percent in the last 24 hours so that today 1 ETH IDR is at the level of 3,786 US dollars. 

Meanwhile, SOL was observed moving into the green zone. SOL rose 6.73 percent, trading at 140.91 US dollars. BNB is up 5.33 percent over the last 24 hours, currently at 432.43 US dollars. 

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 82. This is a sign that the market is still in the extreme greed phase or is very optimistic about the current economic conditions and crypto industry. 

Source: Cryptorank

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

1. RSR up 46.96%
2. FET rose 39.54%
3. ANKR rose 35.87%
4. AI up 33.91%
5. RNDR up 32.00%

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

1. Reserve Rights (RSR) 

• Increase percentage: 46.96%
• Sector: DeFi
• Market Capitalization: IDR 4.9 T
• Market: RSR/IDR

Reserve Rights (RSR) is a project in the crypto ecosystem that aims to provide a stable currency (stablecoin) that is decentralized and protected from inflation. The project has two main tokens: Reserve Stablecoin (RSV), whose price is intended to remain stable, and Reserve Rights Token (RSR), which is used to facilitate RSV price stability and participation in protocol governance.

RSR allows its holders to participate in network governance, particularly in terms of proposals and voting for changes in the Reserve system. The RSR token also plays an important role in the RSV price stability mechanism; when the price of RSV moves away from its target exchange rate, RSR tokens can be used to purchase discounted RSV or to collateralize RSV during periods of inflation.

Source: Bittime.com

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

2.  Fetch.ai (FET)

• Increase percentage: 39.54%
• Sector: AI & Big Data
• Market Capitalization: IDR 36.1 T
• Market : FET/IDR

Fetch.ai (FET) is a blockchain and artificial intelligence (AI) platform that aims to connect Internet of Things (IoT) technology with digital economic algorithms to create an efficient automation ecosystem.

The project uses artificial intelligence and machine learning to enable devices, agents, and algorithms to carry out transactions and communicate with each other automatically and at low cost.

Source: Bittime.com

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

3. Ankr (ANKR)

• Increase percentage: 35.87%
• Sector: Enterprise Solutions, Distributed Computing, File Sharing
• Market Capitalization: IDR 8.2 T
• Market: ANKR/IDR

Ankr is a platform that offers blockchain and Web3 infrastructure solutions , making it easy to access affordable and easy-to-use distributed computing services. With a focus on building an efficient decentralized network, Ankr aims to lower the barriers to entry for individuals and businesses looking to get involved in the blockchain and DeFi (Decentralized Finance) ecosystem.

The ANKR token, the native token of the platform, is used for various purposes within the Ankr ecosystem. This includes payments for services within the network, such as node hosting and other distributed computing services. Tokens are also used for incentives and rewards within the network, motivating participation and contribution to the ecosystem. Additionally, ANKR allows its holders to participate in platform governance, voting on proposals that influence Ankr's development and operations.

Source: Bittime.com

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

4. Sleepless AI (AI)

• Increase percentage: 33.91%
• Sector: AI & Big Data
• Market Capitalization: IDR 4.7 T
• Market: AI/IDR 

Sleepless AI is a Web3+AI project that aims to bring unparalleled innovation to the gaming industry by leveraging AI and blockchain technology. The project introduces two initial games, HIM and HER, designed to provide an immersive gaming buddy experience.

Sleepless AI represents an attempt to integrate artificial intelligence into gaming, allowing players to interact with AI-powered virtual friends. The platform uses AI tokens for various functions in its ecosystem, including payment for services and participation in project governance. 

Source: Bittime.com

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

5. Render (RNDR)

• Increase percentage: 32.00%
• Sector: VR/AR
• Market Capitalization: IDR 58.3 T
• Market : RNDR/IDR

Render Token (RNDR) is a blockchain project that aims to revolutionize the computer graphics industry by creating a distributed network for 3D rendering.

The project uses blockchain technology to enable individuals and companies to harness unused computing power around the world, providing access to high-quality rendering at a lower cost and more efficiently than traditional methods.

Source: Bittime.com

Check today's  RNDR/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.