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Cryptomarket Valuation and Opinion 12-16-21

Market Data Highlights

Bitcoin opens at $49K. It hits lowest at $47K and highest at $49K and stable around $47K ~ $48K. The average transaction fee is $1.98 which is a 1.00% decrease from 12-15-21. Fear and Greed level is at 29.

Ethereum opens at $4.0K. It hits lowest at $3.9K and highest at $4.1K and stable around $4.0K. The average transaction fee is $29.17 which is a 15.18% increase from 12-15-21. Fear and Greed level is at 37.

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 going lower. People are over NFTs and the hype is cooling down a lot. But opportunities are abundant there. Big brands are joining and digital virtual assets are the future.

Today’s sentimental news and comments:

Bullish News ?

Social token platform Rally hired Meta’s legal executives as people in Meta continue leaving to join new crypto ventures.

Shiba is now accepted at South America’s largest virtual reality club via BitPay.

Adidas adds Metaverse plans with the first NFT collection.

Bearish News ?

Meme coins run out of juice as both coins are dropped prices significantly from their peak.

US Senate confirms new CFTC char as it may plan to expand its power to oversee cryptocurrencies.

Future Trend ?

ConsenSys has built an Ethereum scaling solution with Mastercard.

Nexo launches NFT backed lending service as Defi continues evolving.

Scam Alert ⚠️

Scam: Katana token $KTN

Reason scam: no token name Katana was issued

Scam types: fake token, impersonate

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Thanks for reading and see you tomorrow!

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