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Cryptomarket Valuation and Opinion 01-08-22

Market Data Highlights

Bitcoin opens at $41K. It hits lowest at $40K and highest at $42K and stable around $41K ~ $42K. The average transaction fee is $2.32 which is a 3.33% decrease from 01-07-22. Fear and Greed level is at 10.

Ethereum opens at $3.1K. It hits lowest at $3.0K and highest at $3.2K and stable around $3.1K. The average transaction fee is $31.03 which is a 22.89% decrease from 01-07-22. Fear and Greed level is at 23.

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 is up and up, the crypto market is down and down. NFT shows more strength than cryptocurrencies in the short term.

Today’s sentimental news and comments:

Bullish News ?

Bitcoin Whales are buying dips.

PayPal confirms to have their own Stablecoin launch soon.

Bearish News ?

Shiba shrunk by $3.5B in a week.

CEO of crypto Ponzi scheme Mirror Trading International got arrested in Brazil.

Future Trend ?

Pudgy Penguins community vote out its founders after they allegedly failed to deliver on stated goals and drained the treasury of funds.

Celebrities push crypto adoption but fans may have to carry all the risks.

Scam Alert ⚠️

Scam: BabyKitty Token

Reason scam: scam tokens with no value

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

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