cryptocurrency news

Cryptomarket Valuation and Opinion 12-31-21

Market Data Highlights

Bitcoin opens at $47K. It hits lowest at $45K and highest at $48K and stable around $46K ~ $47K. The average transaction fee is $3.46 which is a 24.48% increase from 12-30-21. Fear and Greed level is at 21.

Ethereum opens at $3.7K. It hits lowest at $3.6K and highest at $3.8K and stable around $3.7K. The average transaction fee is $28.28 which is a 13.11% decrease from 12-30-21. Fear and Greed level is at 29.

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:

This year is a crypto-best year and it is definitely the NFT year as well! Hope next year will be a better year.

Today’s sentimental news and comments:

Bullish News ?

Shiba goes to Doggy DAO and the community becomes a Defi-like voting community.

You may now go to a virtual party and celebrate the New Year in Metaverse Times Square.

The New NFT project is using raffles to create long-term utility. Similar to gambling tickets, it can fund more projects and reward less to people.

Bearish News ?

Finally, a hacker successfully hacked Polygon and stole $2M worth of tokens.

Stablecoin will face bank regulations soon.

Future Trend ?

Airdrop used to encourage people to have tokens and use them, but nowadays it is all about rug pull newbies.

Korea will start taxing crypto gifts and inheritance in 2022. Crypto regulations are evolving faster.

Scam Alert ⚠️

Scam: $YEAR Token

Reason scam: scam token that rug pull people within 6 hours after releasing

Scam types: fake token, rug pull potential

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