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Crypto Market Today 03 June 2024

Updated

Bittime - Data based on crypto asset market prices on Bittime.com on March 28, 2024, 12.00 WIB

Today's Bitcoin price rose 0.97 percent over the last 24 hours making it trade at the level of IDR 1,112 T.

The majority of the crypto market today is moving into the Red zone. ETH was observed to have decreased by 0.03 percent over the last 24 hours, bringing the price to IDR 61,995 million. 

The next crypto, SOL fell 1.18 percent during the day so that the price was at the level of IDR 2,663 million. Meanwhile BNB, up 1.19 percent, traded at IDR 9,943 million.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 73. This is a sign that the market is still in the greed phase or is still 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. GME rises 202.58%
  2. ALICE up 45.81%
  3. SLP rose 21.92%
  4. DAR rose 21.56%
  5. NGLs rose 17.20%

 

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

1. GameStop (GME)

  • Increase percentage: 202.58%
  • Sectors: Gaming, Memes, Solana Ecosystem,
  • Market Capitalization: IDR 1.51 T
  • Market : GME/IDR

Crypto GameStop (GME) refers to a phenomenon that occurred in early 2021 where shares of GameStop, a video game retail company, experienced a huge and unexpected price spike due to the collective action of retail investors on online forums such as Reddit. 

Through the r/wallstreetbets subforum, Reddit users collaborated to buy GME shares en masse, which in turn triggered what is known as a “short squeeze” against hedge funds and large investors who had borrowed GME shares to sell them in the hope that the share price would fall. 

This action not only caused huge losses for the hedge fund but also sparked widespread debate about stock market dynamics, the role of social media in investing, and the potential for new regulations to prevent market manipulation.

Source: Bittime.com

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

2. MyNeighborAlice (ALICE)

  • Increase percentage: 45.81%
  • Sectors: Collectibles & NFTs, Metaverse, DAO Maker, Exnetwork Capital Portfolio, Play To Earn, 
  • Market Capitalization: IDR 2,724 T
  • Market : ALICE/IDR

MyNeighborAlice (ALICE) is a blockchain-based game that allows players to buy and own a virtual island, collect and build interesting items, and make friends with other players. 

This game uses ALICE tokens as the main currency in its ecosystem, which can be used for in-game transactions such as purchasing land, items and other digital assets. 

By combining engaging game elements and a strong social aspect, MyNeighborAlice aims to create a fun gaming experience while opening up opportunities for players to gain financial benefits through the concept of digital ownership and a decentralized economy. 

Additionally, ALICE can also be traded on various cryptocurrency platforms, giving users more flexibility in managing their assets.

Source: Bittime.com

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

3. Smooth Love Potion (SLP)

  • Increase percentage: 21.92%
  • Sectors: Collectibles & NFTs, Play To Earn, 
  • Market Capitalization: IDR 3.33 T
  • Market: SLP/IDR

Smooth Love Potion (SLP) is a crypto token used in the Axie Infinity gaming ecosystem, a blockchain-based game where players can breed, train, and battle fantasy creatures called Axies. 

SLP serves as an in-game currency used primarily to breed new Axies, which can then be used in the game or traded on the open market. Players can earn these tokens as rewards for completing tasks and winning battles in the game. 

The existence of SLP allows players to earn income from gaming activities, creating a new economic model known as “play-to-earn,” where the time and effort invested in gaming can be converted into real financial value.

Source: Bittime.com

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

4. Mines of Dalarnia (DAR)

  • Increase percentage: 21.56%
  • Sectors: Collectibles & NFTs, Metaverse, Play To Earn, Animoca Brands Portfolio,
  • Market Capitalization: IDR 1.82 T
  • Market: DAR/IDR

Mines of Dalarnia (DAR) is a blockchain-based game that combines adventure and mining elements in a virtual world. In this game, players explore various mines to extract resources, find rare artifacts, and face various challenges. 

DAR tokens are used as the primary currency in the game's ecosystem, allowing players to purchase and upgrade equipment, as well as trade with other players in the in-game marketplace. 

In addition, DAR can also be traded on various cryptocurrency platforms, providing flexibility for players in managing their digital assets. With interesting gameplay and a decentralized economic system, Mines of Dalarnia offers an entertaining gaming experience as well as the opportunity to gain financial gain.

Source: Bittime.com

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

5. Entangle (NGL)

  • Increase percentage: 17.20%
  • Sectors: DeFi, Interoperability, Oracles, DApp, Yield Farming,
  • Market Capitalization: IDR 1.2 T
  • Market: NGL/IDR

Entangle (NGL) is a crypto token used in the Entangle platform, which aims to simplify and secure decentralized data management. Using blockchain technology, Entangle allows users to manage, share, and synchronize data in a secure and transparent way. 

NGL tokens serve as a medium of exchange in the Entangle ecosystem, facilitating transactions and access to various services within the platform. Additionally, NGLs can also be used as incentives for users who contribute to the network, such as by providing data or improving system security. 

With this approach, Entangle seeks to create a more efficient and secure environment for data management, while providing economic opportunities for its users.

Source: Bittime.com

Check today's NGL/IDR price chart and the overall 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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