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Crypto Market Today 07 June 2024

Updated

Bittime - Data based on crypto asset market prices on Bittime.com on June 07, 2024, 12.00 WIB

Today's Bitcoin price rose 0.68 percent over the last 24 hours making it trade at the level of IDR 1,156 T.

The majority of the crypto market today is moving into the red zone. ETH was observed to have decreased by 0.71 percent over the last 24 hours, bringing its price to IDR 61,980 million. 

The next crypto, SOL fell 0.08 percent throughout the day so that the price was at the level of IDR 2,795 million. Meanwhile BNB, up 1.47 percent, traded at IDR 11,494 million.

Overall, today's Crypto Fear and Greed Index based on the Alternative.me page shows 77. 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. GME rises 121.59%
  2. DEFI up 27.25%
  3. VOXEL up 19.22%
  4. MEW rose 15.90%
  5. HIGH rose 14.14%

 

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

1. GameStop (GME)

  • Increase percentage: 42.91%
  • Sectors: Gaming, Memes, Solana Ecosystem,
  • Market Capitalization: IDR 3.06 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.

2. DeFi (DEFI)

  • Increase percentage: 39.00%
  • Sectors: Platforms, DeFi, DApp,
  • Market Capitalization: IDR 37.6 B
  • Market : DEFI/IDR

DeFi (Decentralized Finance) is a financial ecosystem built on blockchain technology, which allows financial transactions and services to be carried out without traditional intermediaries such as banks or financial institutions. 

In DeFi, various financial services such as loans, trading, and insurance can be accessed by anyone with an internet connection, through automated and transparent smart contracts. 

This creates a more inclusive and efficient system, and reduces the costs and risks associated with third-party intermediaries. The security and reliability of DeFi systems is highly dependent on the underlying blockchain code and infrastructure, such as Ethereum.

Source: Bittime.com

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

3. Voxies (VOXEL)

  • Increase percentage: 24.72%
  • Sectors: Collectibles & NFTs, Binance Launchpad, Play To Earn,
  • Market Capitalization: IDR 823.07 B
  • Market: VOXEL/IDR

Voxies (VOXEL) is a crypto token used in the blockchain-based gaming ecosystem called Voxies. Voxies is a tactics-based role-playing game that leverages blockchain technology to give players real ownership of digital assets. 

VOXEL tokens function as in-game currency, allowing players to purchase in-game items, characters, and features, as well as participate in transactions in the in-game marketplace. Additionally, VOXELs can be used to earn rewards through gameplay, thereby encouraging active participation and engagement in the Voxies ecosystem.

Source: Bittime.com

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

4. Cat in a Dog World (MEW)

  • Increase percentage: 22.44%
  • Sectors: Memes, Solana Ecosystem, Doggone Doggerel,
  • Market Capitalization: IDR 7.26 T
  • Market: MEW/IDR

Cat in a Dog World (MEW) is a crypto token used in a blockchain-based game ecosystem with a unique theme where cats try to survive in a world dominated by dogs. 

MEW tokens serve as in-game currency, allowing players to purchase items, characters, and upgrades that can help them in the game. Additionally, MEW can be used to participate in transactions in in-game markets, as well as earn rewards and incentives through playing activities. 

By leveraging blockchain technology, Cat in a Dog World gives players real ownership of digital assets, increasing engagement and participation in the game's ecosystem.

Source: Bittime.com

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

5. Highstreet (HIGH)

  • Increase percentage: 17.20%
  • Sectors: VR/AR, Ethereum Ecosystem, Binance Launchpool, 
  • Market Capitalization: IDR 6.11 T
  • Market: HIGH/IDR

Highstreet (HIGH) is a crypto token used in Highstreet, a blockchain-based virtual ecosystem that combines elements of e-commerce, gaming, and metaverse experiences. 

HIGH tokens function as currency within the platform, allowing users to buy and sell virtual products as well as real goods in an immersive digital environment. In addition, HIGH is used to gain access to various premium features and services within the Highstreet ecosystem, including virtual property ownership and participation in economic activities in the metaverse world. 

By utilizing blockchain technology, Highstreet provides transparent and secure transactions, as well as providing decentralized digital ownership to its users.

Source: Bittime.com

Check today's  HIGH/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.

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