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Cryptomarket Valuation and Opinion 01-11-22

Market Data Highlights

Bitcoin opens at $41K. It hits lowest at $41K and highest at $43K and stable around $41K ~ $42K. The average transaction fee is $1.79 which is a 15.45% increase from 01-10-22. Fear and Greed level is at 21.

Ethereum opens at $3.0K. It hits lowest at $3.0K and highest at $3.2K and stable around $3.1K. The average transaction fee is $52.14 which is a 20.00% increase from 01-10-22. Fear and Greed level is at 29.

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 crazy with 5x volume surges up to buy back all trending NFTs. 2022 is a year of NFT I think.

Today’s sentimental news and comments:

Bullish News ?

Iran allows crypto payments for international trades.

Bearish News ?

Coinbase will shut the entire company down 4 weeks in 2022 to allow workers to recharge. I am thinking about DAO their company so everyone works with their own schedule.

IMF warns of contagion risk in increasingly linked Bitcoin and stock markets. I think crypto will evolve to detach from the stock markets.

Future Trend ?

ZKP scaling tech Plonky goes live on Polygon.

Ethereum compatible smart contract Parachain Moonbeam is live on Polkadot. Crossing chain platform is on the rise.

Scam Alert ⚠️

Scam: Etalbit TEO

Reason scam: scam tokens and scam investment

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

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