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Crypto Market Today 06 June 2024

Updated

Bittime - Data based on crypto asset market prices on Bittime.com on June 06, 2024, 12.00 WIB

Today's Bitcoin price fell 0.14 percent over the last 24 hours making it trade at the level of IDR 1,154 T.

The majority of the crypto market today is moving into the green zone. ETH was observed to have increased by 1.69 percent over the last 24 hours, bringing its price to IDR 62,751 million. 

The next crypto, SOL fell 0.14 percent throughout the day so that the price was at the level of IDR 2,811 million. Meanwhile BNB, up 1.04 percent, traded at IDR 11,316 million.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 78. 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. BURGER up 42.91%
  2. GME rises 39.00%
  3. PEOPLE up 24.72%
  4. 10000TROLL up 22.44%
  5. GMX up 17.79%

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

1. Burgercities (BURGER)

  • Increase percentage: 42.91%
  • Sectors: Decentralized Exchange (DEX) Token, DeFi, Yield Farming, AMM,
  • Market Capitalization: IDR 816.17 B
  • Market : BURGER/IDR

BurgerCities (BURGER) is the native token of the BurgerCities platform, which aims to integrate the worlds of DeFi (Decentralized Finance) and NFT (Non-Fungible Token) in an interactive and gamified ecosystem. The platform offers a variety of DeFi services such as staking, farming, and trading, combined with exciting gaming elements and digital collectibles. 

Users can earn and use BURGER tokens in various activities in the BurgerCities ecosystem, including purchasing NFTs, participating in in-game events, and earning rewards. Thus, BurgerCities combines financial and entertainment aspects to create an interesting and diverse user experience in the crypto world.

Source: Bittime.com

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

2. GameStop (GME)

  • Increase percentage: 39.00%
  • Sectors: Gaming, Memes, Solana Ecosystem,
  • Market Capitalization: IDR 1.2 T
  • Market : GME/IDR

GameStop (GME) refers to a phenomenon that occurred in early 2021 where shares of GameStop, a video game retail company, experienced a very large 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.

3. ConstitutionDAO (PEOPLE)

  • Increase percentage: 24.72%
  • Sector: - 
  • Market Capitalization: IDR 10.22 T
  • Market: PEOPLE/IDR

Crypto ConstitutionDAO (PEOPLE) is a crypto token created by ConstitutionDAO, a decentralized autonomous organization created to raise funds to purchase one of the rare original copies of the United States Constitution. 

Even though they ultimately failed to win the auction, PEOPLE tokens remain and are used to support communities and new projects aimed at preserving cultural heritage and historical documents. 

These tokens give their holders the right to participate in governance decisions and direction of projects supported by ConstitutionDAO, creating a new model for collaboration and decentralized funding in historical preservation efforts.

Source: Bittime.com

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

4. 10000TROLL (10000TROLL)

  • Increase percentage: 22.44%
  • Sector: Memes,
  • Market Capitalization: IDR 462.71 B
  • Market: 10000TROLL/IDR

TROLL (TROLL) is a crypto token that aims to create a community-based ecosystem that combines elements of humor and entertainment with blockchain technology. TROLL is designed to support various creative projects, viral content and community-based initiatives that prioritize entertainment. 

Through this platform, users can participate in events, competitions and various activities that encourage engagement and social interaction within the community. TROLL also offers incentive features for token holders, including exclusive access to special content and contribution-based rewards within the TROLL ecosystem.

Source: Bittime.com

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

5. GMX (GMX)

  • Increase percentage: 17.20%
  • Sectors: Decentralized Exchange (DEX) Tokens, Derivatives, DEX,
  • Market Capitalization: IDR 6.72 T
  • Market: GMX/IDR

GMX (GMX) is the native token of the GMX decentralized trading platform, which focuses on margin trading and futures contracts. GMX allows users to trade various crypto assets with high leverage on-chain, without requiring permission or a central intermediary. 

The platform combines aggregate liquidity from multiple sources, ensuring optimal trade execution and low fees. GMX tokens are also used for platform governance, allowing holders to participate in decisions regarding the development and improvement of the GMX ecosystem.

Source: Bittime.com

Check today's GMX/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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