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Cryptomarket Valuation and Opinion 12-17-21

Market Data Highlights

Bitcoin opens at $47K. It hits lowest at $45K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $1.92 which is a 3.03% decrease from 12-16-21. Fear and Greed level is at 23.

Ethereum opens at $3.9K. It hits lowest at $3.7K and highest at $4.0K and stable around $3.9K. The average transaction fee is $35.85 which is a 22.90% increase from 12-16-21. Fear and Greed level is at 34.

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 stable and slow at the end of the year. Metaverse will begin in 2022 but it is just for time to take a break.

Today’s sentimental news and comments:

Bullish News ?

Polygon partners with Reddit co-founder to VC a $200M web3 fund.

Bearish News ?

Tron foundation will be dissolved in 2022 as its founder Justin Sun resigns as CEO. The thing is I never want to own Tron that much. I knew Justin Sun was faking it up and Tron blockchain was just a copycat to any crypto trend without any solid backup plan. Now the CEO resigns and is appointed as a WTO ambassador of Grenada. Greate personal achievement but the blockchain will die out soon.

JP Morgan was fined for breaching securities laws.

Bank of Russia governor wants crypto banning.

Binance Singapore’s license got revoted due to a lack of AML controls.

Future Trend ?

Coinbase goes into Meta and they actually have a plan.

The US wants to regulate stablecoins anxiously.

Scam Alert ⚠️

Scam: $BHEC

Reason scam: scam token with one address control the majority of the token supply

Scam types: fake token, potential rug pull

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