Market Data Highlights
Bitcoin opens at $58K. It hits lowest at $55K and highest at $59K and stable around $56K ~ $57K. The average transaction fee is $2.15 which is a 9.89% increase from 11-29-21. Fear and Greed level is at 40.
Ethereum opens at $4.3K. It hits lowest at $4.3K and highest at $4.7K and stable around $4.7K. The average transaction fee is $43.48 which is a 0.51% increase from 11-29-21. Fear and Greed level is at 47.
Here are some highlights to support my analysis:
NFT market highlights:
The NFT market slows down as the crypto market continues recovering. I think Ethereum’s high gas fee will kill its future. And there is no solution for Ethereum to go down its gas price at this moment. Solana on the other hand may have a chance to replace Ethereum in the long term.
Check out yesterday’s market update here in case you missed it.
Today’s sentimental news and comments:
Bullish News ?
Crypto.com makes institutional clients invest in crypto for free. What about individual investors? Hint: 2%-5% transaction fees.
Shiba is now listed on all the top 10 major crypto exchanges.
Vladimir Putin has lacked an understanding of crypto. That is a good thing for the future generation.
Bearish News ?
South Korea pushes a crypto tax of 20% capital gain tax in 2023.
Future Trend ?
Solana has a great chance to replace Ethereum in the long run.
Gen Z is building the NFT community on Web3.
Crypto communities are funding the future of blockchain education.
Scam Alert ⚠️
Scam: $Altex altcoin scam
Reason scam: fake tokens and read to pull the rug
Scam types: fake coin, rug pull to investors
Thanks for reading and see you tomorrow!
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