Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 12-07-21

Market Data Highlights

Bitcoin opens at $50K. It hits lowest at $50K and highest at $51K and stable around $50K ~ $51K. The average transaction fee is $2.35 which is a 50.21% decrease from 12-06-21. Fear and Greed level is at 25.

Ethereum opens at $4.3K. It hits lowest at $4.2K and highest at $4.3K and stable around $4.4K. The average transaction fee is $37.50 which is a 21.44% increase from 12-06-21. Fear and Greed level is at 38.

NFT market highlights:

The NFT market is back. The volume is healthy again. Notice that Mirandus is in the first place selling their game products.

Today’s sentimental news and comments:

Bullish News ?

As Shiba closed to Dogecoin market cap, it expends its usage on booking hotels as a payment alternative.

7 new altcoins will join Coinbase soon.

Rarible plans to have a multi-chain NFT future as they are working to have multiple tokens to include for the NFT marketplace.

The Bitcoin-backed loan is coming as Fidelity to offer through NEXO.

Bearish News ?

Sushiswap pushes oligarchy co-founder and six other developers away for allegedly spending thousands of dollars for big private dinners with shady partners.

Future Trend ?

Google founder becomes Chinalink Labs’ strategic advisor. The blockchain seems like a solution for the future.

New layer 2 between Polygon and Arbitrum is launching. It is a sidechain of the sidechain. The security issue may still exist.

Scam Alert ⚠️

Scam: $Kasta Token

Reason scam: the token has not been released and any ICOs are scam

Scam types: ICO scam and fake tokens buying opportunities

Thanks for reading and see you tomorrow!

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