Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 01-05-22

Market Data Highlights

Bitcoin opens at $46K. It hits lowest at $43K and highest at $47K and stable around $43K ~ $44K. The average transaction fee is $2.21 which is a 4.33% decrease from 01-04-22. Fear and Greed level is at 24.

Ethereum opens at $3.8K. It hits lowest at $3.5K and highest at $3.8K and stable around $3.7K. The average transaction fee is $41.17 which is a 15.44% decrease from 01-04-22. Fear and Greed level is at 34.

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 back on track. The crypto market has dropped lower as I expected since the beginning of January. The market may have lost some momentum.

Today’s sentimental news and comments:

Bullish News ?

Matt Damon’s crypto ad got viral as he promoted crypto on crypto.com.

Fed released a statement on the global supply chain crisis and high inflation rate.

Bearish News ?

Bitcoin mining pool hash rates drop amid Kazakhastan internet shutdown.

Polygon network got clogged up after NFT gamers rush in.

Kosovo bans Bitcoin mining as the energy crisis sweeps Europe.

Future Trend ?

Algorand partners with Israel’s leading research university to support blockchain education.

Defi 2.0 is about 2 layers solutions, the process of staking, multi-chain swaps, and NFTs.

Scam Alert ⚠️

Scam: EVERSOL Token

Reason scam: scam token with unlimited supply and falsely claimed with 1 billion limited supply

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


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