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 $2.78 which is a 11.48% decrease from 12-29-21. Fear and Greed level is at 22.
Ethereum opens at $3.7K. It hits lowest at $3.5K and highest at $3.7K and stable around $3.7K. The average transaction fee is $36.78 which is a 18.19% increase from 12-29-21. Fear and Greed level is at 28.
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 had a great year and the next year will be great again! However, the gas fee is not sustainable which will tank the market in the long term.
Today’s sentimental news and comments:
Bullish News ?
Polygon fixed another bug to avoid $24B worth of MATIC being hacked.
Gamer device to mine crypto is a new way for gamers to earn their extra income.
Bearish News ?
MicroStrategy buys another 1,900 more Bitcoin. They likely want to create a single point of failure of only owning Bitcoin.
Billionaire shows off crypto profile. Ust another FOMO guy in the crypto.
Bitcoin’s fear index went to extreme fear but the price level is stable which may indicate supports from institutional buyers like MicroStrategy to acquire more Bitcoin.
Future Trend ?
Cardano to launch Defi Loan service in Africa next year to foster crypto adoption for 1.3 billion people.
Crypto donation may change the current political landscape.
Scam Alert ⚠️
Scam: CoinGecko Token
Reason scam: no such token exist
Scam types: fake token, rug pull potential, no exist
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