Crypto Market Today 08 April 2024

Data based on crypto asset market prices on Bittime.com on 08 April 2024, 12.00 WIB

Today's Bitcoin price rose 0.59 percent over the last 24 hours making it trade at the level of IDR 1,108 T.

The majority of the crypto market today is moving into the Red zone. ETH was observed to have increased by 0.99 percent over the last 24 hours, bringing the price to IDR 54,518 million. 

The next crypto, SOL fell 2.09 percent throughout the day so that the price was at the level of IDR 2,821 million. Meanwhile BNB, down 0.76 percent, traded at IDR 9,285 million.

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 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. ALCX up 28.43%
2. SFP rose 26.46%
3. MUBI up 21.89%
4. OM rose 17.05%
5. REEF rose 14.58%

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

1. Alchemix (ALCX)

• Increase percentage: 28.43%
• Sectors: DeFi, Yield Farming, Governance   
• Market Capitalization: IDR 1.37 T
• Market : ALCX/IDR

Alchemix (ALCX) is an innovative DeFi protocol that allows users to obtain unsecured loans, called alUSD, by using crypto tokens as undercollateralization. By using the concept of “self-repaying loans”, Alchemix allows users to gain access to capital without having to sell their crypto assets. 

Instead, the loan is automatically paid off from the yield farming results generated from the user's initial deposit. Thus, Alchemix provides financial flexibility and gives users an innovative way to optimize the profit potential of their crypto portfolios.

Source: Bittime.com

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

2. Safepal (SFP)

• Increase percentage: 26.46%
• Sectors: Wallet, Binance Launchpad, Ethereum Ecosystem,   
• Market Capitalization: IDR 7.02 T
• Market : SFP/IDR

Safepal (SFP) is the utility token underlying the Safepal ecosystem, a hard crypto wallet and mobile application that allows users to securely store, manage, and transact with their crypto assets. 

Launched by Safepal Wallet, SFP plays an important role in supporting platform functionality, including reduced transaction fees, rewards and incentives for users, as well as the development of a broader ecosystem through various collaborations and integrations. 

By offering high security and ease of use, Safepal and its SFP token aim to expand crypto adoption by providing a safe and trusted solution for retail and institutional users.

Source: Bittime.com

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

3. Multibit (MUBI)

• Increase percentage: 21.89%
• Sectors: Interoperability, BRC-20, Inscriptions,
• Market Capitalization: IDR 2.63 T
• Market: MUBI/IDR

Multibit (MUBI) is the token underlying the Multibit platform, a DeFi ecosystem that aims to expand access to global financial services. Through the use of blockchain technology, Multibit allows users to carry out various financial activities such as loans, exchanges, staking, and yield farming. 

With a focus on financial inclusion, Multibit offers safe and efficient solutions for those beyond the reach of the traditional financial system. Additionally, MUBI serves as a payment and incentive tool in the ecosystem, driving user participation and overall platform growth.

Source: Bittime.com

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

4. Mantra (OM)

• Increase percentage: 17.05%
• Sectors: DeFi, DAO, Kenetic Capital Portfolio, Exnetwork Capital Portfolio, Real World Assets, 
• Market Capitalization: IDR 10.25 T
• Market: OM/IDR

Mantra (OM) is the cryptocurrency that is the backbone of the Mantra DAO platform, a DeFi ecosystem that aims to empower users with decentralized financial services. With a focus on staking, lending, and digital asset exchange, Mantra DAO allows users to access a variety of financial services without traditional intermediaries. 

OM tokens serve as a means of payment, incentives and voting rights in the ecosystem, giving users access to various features and economic benefits associated with active participation in the platform. 

By providing decentralized financial solutions, Mantra DAO and its OM token aim to increase global financial inclusion and empower individuals to manage their finances more independently.

Source: Bittime.com

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

5. Reef (REEF)

• Increase percentage: 14.58%
• Sectors: Wallet, Binance Launchpool, Metaverse,
• Market Capitalization: IDR 1.12 T
• Market: REEF/IDR

Reef (REEF) is a token that enables access to Reef Finance's decentralized DeFi ecosystem, which aims to bring open, inclusive and cost-effective financial solutions to users around the world. Using blockchain technology and smart contracts, Reef Finance provides services such as staking, yield farming, asset swapping, as well as easy-to-use portfolio management tools. 

REEF tokens act as a means of payment and incentives within the ecosystem, providing users with access to various services as well as the opportunity to participate in decision-making through voting mechanisms. In doing so, Reef and its REEF token strive to increase accessibility and efficiency in the decentralized economy.

Source: Bittime.com

Check today's  REEF/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.