Market Data Highlights
Bitcoin opens at $46K. It hits lowest at $46K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $3.10 which is a 10.40% decrease from 12-31-21. Fear and Greed level is at 29.
Ethereum opens at $3.7K. It hits lowest at $3.6K and highest at $3.7K and stable around $3.7K. The average transaction fee is $26.03 which is a 7.93% decrease from 12-31-21. Fear and Greed level is at 35.
Also, you can view my 1 min video summary if you want to skip the reading:
Here are some highlights to support my analysis:
NFT market highlights:
New Year with new NFTs. Many new trends are strongly getting more attention.
Today’s sentimental news and comments:
Bullish News ?
At end of meme coins in 2022? We shall see.
Crypto regulatory uncertainty continues as US SEC hires more crypto advisors.
Bearish News ?
Binance-owned exchange WazirX targeted by India’s government for alleged tax evasion.
Ripple released another 1 Billion XRP.
MicroStrategy’s buying the dip makes Bitcoin unattractive anymore.
Future Trend ?
10 crypto predictions for the year 2022!
-Layer 1 continues growing
-Bridges between L1 and L2 will improve
-Zero-knowledge proof is a trend
-Regulated Defi is coming
-Institutional money will enter Defi
-Defi insurance will emerge
-NFT communities are rising
-Brands enter NFT and Metaverse
-Web2 companies will FOMO
-DAO2.0 is coming
DAOs are the foundation of Web3.
Scam Alert ⚠️
Scam: Assurance Trust Token
Reason scam: scam token that helps people to avoid scam
Scam types: fake token, rug pull potential, the website is not working
Follow me here