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Cryptomarket Valuation and Opinion 01-12-22

Market Data Highlights

Bitcoin opens at $42K. It hits lowest at $42K and highest at $44K and stable around $42K ~ $43K. The average transaction fee is $1.87 which is a 4.47% increase from 01-11-22. Fear and Greed level is at 21.

Ethereum opens at $3.0K. It hits lowest at $3.2K and highest at $3.4K and stable around $3.2K. The average transaction fee is $46.67 which is a 10.49% decrease from 01-11-22. 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 has been slowed down simply people gain profits from the crypto market. I think more people will own NFTs.

Today’s sentimental news and comments:

Bullish News ?

Clothing brand GAP launches the NFT collection on Tezos.

IMF there is a new risk between crypto and traditional finance. I think they are very outdated thoughts about finance.

Bearish News ?

Apple is not a big fan of Metaverse and their MR headset will not join Metaverse.

US banks propose USDF stablecoin, their own stablecoin.

Future Trend ?

Bill seeks to ban Fed ability to issue digital currency to consumers.

Ethereum 2.0 deposit contract surpassed $30B in value.

Scam Alert ⚠️

Scam: RugSeekers.online

Reason scam: scam tokens, scam investment, and scam sales with 98% sale tax

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


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