Crypto NewsCryptoMarket Daily UpdatesUncategorized

Cryptomarket Valuation and Opinion 12-28-21

Market Data Highlights

Bitcoin opens at $51K. It hits lowest at $47K and highest at $51K and stable around $50K ~ $51K. The average transaction fee is $2.75 which is a 39.39% increase from 12-27-21. Fear and Greed level is at 41.

Ethereum opens at $4.0K. It hits lowest at $3.7K and highest at $4.0K and stable around $4.0K. The average transaction fee is $25.96 which is a 48.88% increase from 12-27-21. Fear and Greed level is at 45.

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 down as the Santa rally is ended. What is next for the NFT is unknown and we will see how it will go.

Today’s sentimental news and comments:

Bullish News ?

More Shiba tokens are burning up for projects. Not sure where it will lead Shiba into the future.

Bearish News ?

Fake Metamask tokens scam away people and the fake MaskDAO website trick many investors’ money away.

Another scam of Snowflake Floki, a knock-off of the Floki Inu is a honeypot scam.

Future Trend ?

Ethereum whales are dumping ETH. The gas fee kills the Ethereum future.

Cardano’s Hoskinson says a great DeFi extinction will occur in the next five to ten years. Yet Cardano wants to create their own DeFi standard. Very interesting point of view. What makes people switch from Ethereum to Cardano then?

Scam Alert ⚠️

Scam: Snow Flake Floki 

Reason scam: scam token with honey pot trap that cannot be sold 

Scam types: fake token, rug pull potential, cannot sell

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