Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 01-10-22

Market Data Highlights

Bitcoin opens at $41K. It hits lowest at $39K and highest at $42K and stable around $39K ~ $40K. The average transaction fee is $1.55 which is a 14.38% decrease from 01-09-22. Fear and Greed level is at 21.

Ethereum opens at $3.1K. It hits lowest at $2.9K and highest at $3.1K and stable around $3.0K. The average transaction fee is $43.45 which is a 0.00% increase from 01-09-22. Fear and Greed level is at 24.

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 a bit but the crypto market has not yet ready for recovery fully.

Today’s sentimental news and comments:

Bullish News ?

Cardano plants 1 million trees goal has reached.

Bearish News ?

Polygon is better than Solana according to its co-founders. However, the recent hacking incident does not reflect Polygon’s strength.

Another billionaire Bill Miller’s FOMO buys and puts his 50% net worth in Bitcoin. How to justify such action? It really depends.

Future Trend ?

Bitcoin will get its own smart contracts to introduce in the blockchain soon through Taproot.

Polygon ZKPs ZK-EVM soon to launch. ZKPs is the next crypto generation of standards. Check out my article about ZKPs if you are not familiar with them.

Scam Alert ⚠️

Scam: $ETHP Token

Reason scam: scam tokens and has not been officially released yet

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

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