Market Data Highlights
Bitcoin opens at $45K. It hits lowest at $45K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $2.31 which is a 3.59% increase from 01-03-22. Fear and Greed level is at 23.
Ethereum opens at $3.6K. It hits lowest at $3.6K and highest at $3.8K and stable around $3.7K. The average transaction fee is $32.82 which is a 11.52% increase from 01-03-22. Fear and Greed level is at 33.
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 slowly turning down and the hype has been quietly easing. What will be the next of NFT?
Today’s sentimental news and comments:
Bullish News ?
El Salvador prepares Legislation for the first Bitcoin bond.
Samsung gets crypto exposure through Cardano partnership.
Bearish News ?
Crypto meme stars passed away. Twin Igor Bogdanoff, famous in the crypto meme as “pump it!” has passed away.
10% Bitcoin is now held by institutions.
MakerDAO co-founder doubts about Terra’s UST and MIM projects.
Chinese digital Yuan wallet is about to deploy for iOS and Android.
Solana network goes offline again due to DDoS attack.
Future Trend ?
Many predictions aim for mainstream adoption of crypto. My opinion is it does not matter and mainstream adoption may actually be bad for the crypto in long term. An existing system such as technology companies buying more their competition up will not work for the future innovation environment. Crypto companies will have their own way to adopt the future even without existing mainstream adoption.
The US is about to have a crypto bureau to deal with all cryptocurrencies regulations.
Scam Alert ⚠️
Scam: $REDINU or Red Inu
Reason scam: scam token with no value and sell is disabled
Scam types: fake promotion, rug pull potential, fake sales
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