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Cryptomarket Valuation and Opinion 01-02-22

Market Data Highlights

Bitcoin opens at $47K. It hits lowest at $46K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $2.32 which is a 15.18% decrease from 01-01-22. Fear and Greed level is at 29.

Ethereum opens at $3.7K. It hits lowest at $3.7K and highest at $3.8K and stable around $3.7K. The average transaction fee is $34.04 which is a 50.77% increase from 01-01-22. Fear and Greed level is at 37.

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:

The NFT market is up while the crypto market is down. 2022 is another great year for NFTs.

Today’s sentimental news and comments:

Bullish News ?

CBDCs maturing?! I wonder how many people actually use it.

Whales are diverse portfolios while shrimps are buying the dipped.

Bearish News ?

Elon Musk now is an expert to tell people cryptocurrency fixes the error in money which used to allow the government to print more money.

Strong Dollar vs. Weak Meme Tokens? Shiba’s dominance dropped 3 months low.

Why did China ban crypto mining? Here are 7 theories:

  • CBDC
  • Energy blackout 
  • Renewable energy sources 
  • China central movement 
  • Make Bitcoin hard to use
  • Prepare for housing bubble pops
  • FUD

Future Trend ?

South Korean presidential candidate accepted crypto donations for the campaign.

Signs to show Ethereum 2.0 is hope and people are betting on it.

Scam Alert ⚠️

Scam: XCAD Token

Reason scam: scam token that does not have giveaways and no discounted tokens

Scam types: fake token, rug pull potential, fake sales

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