Crypto Market This Week August 30-September 6, 2024
2024-09-06
Bittime - Data based on crypto asset market prices on Bittime.com on August 30- September 6, 2024, 12.00 UTC+7.
Bitcoin price this week fell 5.89 percent over the last 7 days making it trade at 56,091 US dollars.
Majority of the crypto market this week moved into the red zone. ETH was observed to have fallen by 6.00 percent over the last 7 days, and the price was at the level of 2,367 US dollars.
The next crypto, SOL fell 6.63 percent during the day so that the price was at the level of 130.33 US dollars. Meanwhile BNB, down 6.58 percent, traded at 504.40 US dollars.
Overall, this week's Crypto Fear and Greed Index based on the Coinmarketcap.com page shows an average of 30.19. This is a sign that the market is in the Fear phase regarding economic conditions and the crypto industry in the last 7 days.
Source: Cryptorank
Top Crypto Gainers This week
- HNT up 18.12%
- STRK up 11.82%
- UNI up 5.72%
- XMR up 4.69%
- ORDI rise 4.40%
The following is a detailed explanation of each coin today.
1. Helium (HNT)
Increase percentage: 18.12%
Sector: Enterprise Solutions, Distributed Computing
Market Capitalization: IDR 20,511 T
Market: HNT/IDR
Helium (HNT) is a decentralized network that leverages IoT (Internet of Things) devices to build a global wireless communications infrastructure.
This project allows users to earn HNT tokens in exchange for providing and expanding network coverage using Helium Hotspot devices.
Source: Bittime.com
Check the price chart HNT/IDR today and the crypto market as a whole in real-time at Bittime.
2. Starknet (STRK)
Increase percentage: 11.82%
Sector: DApp, Layer 2
Market Capitalization: IDR 11,145 T
Market: STRK/IDR
Starknet (STRK) is a Layer 2 solution built on top of Ethereum to improve scalability using ZK-Rollup technology.
The project enables faster transactions and lower fees while maintaining the security and decentralization of the Ethereum network.
Source: Bittime.com
Check the price chart STRK/IDR today and the crypto market as a whole in real-time at Bittime.
3. Uniswap (UNI)
Increase percentage: 5.72%
Sector: DEX Token, DeFi, DAO
Market Capitalization: IDR 57,189 T
Market: UNI/IDR
Uniswap (UNI) is a decentralized finance protocol that allows automatic token exchange without intermediaries, using the Automated Market Maker (AMM) model.
The project supports liquidity for users and enables high-efficiency trading of ERC-20 tokens on the Ethereum network.
Source: Bittime.com
Check the price chart UNI/IDR today and the crypto market as a whole in real-time at Bittime.
4. Monero (XMR)
Increase percentage: 4.69%
Sector: Medium of Exchange, Privacy
Market Capitalization: IDR 48,533 T
Monero (XMR) is a privacy-focused cryptocurrency, offering anonymous and untraceable transactions through the use of technology such as ring signatures and stealth addresses.
The project aims to provide greater financial freedom by maintaining complete confidentiality and decentralization in every transaction.
5. ORDI (ORDI)
Increase percentage: 4.40%
Sector:BRC-20, Inscriptions
Market Capitalization: IDR 9,281 T
Market: ORDI/IDR
ORDI (ORDI) is the first cryptocurrency to launch on top of the Ordinals protocol, operating on the Bitcoin network to take advantage of the uniqueness of ordinal-based tokens.
The project aims to create a new ecosystem around Bitcoin blockchain technology by supporting token innovation and more efficient on-chain transactions.
Source: Bittime.com
Check the price chart ORDI/IDR today and the crypto market as a whole in real-time at Bittime.
Top Crypto Losers This Week
- BEAM down 23.65%
- DOGS down 19.12%
- IMX down 18.53%
- AKT down 18.15%
- EGLD down 16.49%
The following is a detailed explanation of each coin today.
1. Beam (BEAM)
Drop percentage: 23.65%
Sector: Gaming
Market Capitalization: IDR 9,072 T
Market: BEAM/IDR
Beam (BEAM) is a privacy-focused cryptocurrency, using the Mimblewimble protocol to enable completely anonymous and efficient transactions.
The project offers a solution that combines confidentiality and scalability, with features such as untraceable transactions and lower resource usage.
Source: Bittime.com
Check the price chart BEAM/IDR today and the crypto market as a whole in real-time at Bittime.
2. DOGS (DOGS)
Decline percentage: 19.12%
Sector: Memes, Telegram Bot
Market Capitalization: IDR 8,336 T
Market: DOGS/IDR
DOGS (DOGS) is a cryptocurrency developed as part of the DeFi ecosystem, focused on rewards and staking in a community-based platform.
The project allows users to earn rewards through activities such as staking and participation in incentive programs powered by DOGS tokens.
Source: Bittime.com
Check the price chart DOGS/IDR today and the crypto market as a whole in real-time at Bittime.
3. Immutable (IMX)
Drop percentage: 18.53%
Sector: Gaming, NFT
Market Capitalization: IDR 28,934 T
Market: IMX/IDR
Immutable (IMX) is a Layer 2 platform built on Ethereum to support trading of digital assets, especially NFTs, with low transaction fees and high speed.
The project focuses on creating a secure and scalable ecosystem for the development of blockchain-based games and applications, with full support for decentralization.
Source: Bittime.com
Check the price chart IMX/IDR today and the crypto market as a whole in real-time at Bittime.
4. Akash Network (AKT)
Drop percentage: 18.15%
Sector: AI & Big Data
Market Capitalization: IDR 8,569 T
Market: AKT/IDR
Akash Network (AKT) is a decentralized cloud platform that provides computing services at lower costs and without centralization, allowing developers to deploy applications more efficiently.
The project connects providers and users of computing services in a blockchain-based ecosystem, ensuring transparency and flexibility in the use of cloud resources.
Source: Bittime.com
Check the price chart AKT/IDR today and the crypto market as a whole in real-time at Bittime.
5. MultiversX (EGLD)
Decline percentage: 16.49%
Sector: Enterprise Solutions
Market Capitalization: IDR 10,204 T
Bittensor (TAO) is a decentralized network that aims to combine artificial intelligence (AI) and blockchain, allowing contributors to train and share AI models while earning rewards in the form of TAO tokens.
This project creates an ecosystem where AI knowledge can be collaborated globally, with fair incentives for all contributing parties.
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