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Cryptomarket Valuation and Opinion 01-03-22

Market Data Highlights

Bitcoin opens at $47K. It hits lowest at $45K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $2.23 which is a 5.85% decrease from 01-02-22. Fear and Greed level is at 29.

Ethereum opens at $3.8K. It hits lowest at $3.6K and highest at $3.8K and stable around $3.7K. The average transaction fee is $29.43 which is a 13.54% decrease from 01-02-22. 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 down while the crypto market is down. However, more users are coming into NFTs. It is an accumulating phase.

Today’s sentimental news and comments:

Bullish News ?

Samsung used blockchain technology to keep track of planted trees.

Mozilla foundation starts accepting Dogecoin donations. Firefox may mine Dogecoin soon?!

Bearish News ?

Elon Musk thinks Nick Szabo is Satoshi. Dr. Craig is gonna piss off!

Okay! Bitcoin skipped the $100K target and raised it to $220K instead. Just don’t FOMO.

Jamaica is ready for CBDC rollout.

Future Trend ?

A South Korean presidential candidate used NFT to raise funds for the campaign.

Someone impersonates Vitalik Buterin on Instagram and tries to pull off crypto scams.

Scam Alert ⚠️

Scam: Fake Vitalik Buterin Instagram Account

Reason scam: Vitalik Buterin does not have an Instagram account

Scam types: fake promotion, rug pull potential, fake sales, Impersonate

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