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Cryptomarket Valuation and Opinion 01-01-22

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


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