Cryptomarket Valuation and Opinion 12-02-21
Market Data Highlights
Bitcoin opens at $57K. It hits lowest at $55K and highest at $57K and stable around $56K ~ $57K. The average transaction fee is $4.07 which is a 57.75% increase from 12-01-21. Fear and Greed level is at 32.
Ethereum opens at $4.5K. It hits lowest at $4.4K and highest at $4.6K and stable around $4.5K. The average transaction fee is $51.26 which is a 4.93% decrease from 12-01-21. Fear and Greed level is at 44.
Also, you can view my 1 min video summary if you want to skip the reading, don't forget to check the "earning section" at the end of the article:
Here are some highlights to support my analysis:
NFT market highlights:
The NFT market is cooling down a lot. Partly because the market is cooling down. Another factor is that people may still doubt its real usage. Celebrities are embracing it faster on the other hand.
Today’s sentimental news and comments:
Bullish News 📈
Square rebranded it as Block to focus on blockchain. Jack Dorsey is full-time in cryptocurrency now.
Meta or Facebook ends crypto ads banning.
Silk Road founder launched NFT collection to fundraising his freedom from jail.
Bearish News 📉
Badger DAO, an Ethereum Defi, got $100M lost due to hacking from front-end attacks.
Future Trend 🚀
Blockchain technology has different uses to prevent and monitor air quality.
Bank of America sees metaverse as an opportunity for the crypto industry.
Scam Alert ⚠️
Scam: A68.net $30K airdrop (⚠️⚠️DO NOT CLICK THE SITE!!⚠️⚠️)
Reason scam: scam token with scam codes that can have malicious contracts to spend and steal your NFTs. Do not link your wallet to the site
Scam types: scam code, scam token, and code to steal funds
*Thanks for reading and see you tomorrow!
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Note: Cross-references of this article have been created by the author and have been cross-referenced on multiple platforms here.
Resources
https://www.coindesk.com/price/bitcoin https://www.coindesk.com/price/ethereum https://coinmarketcap.com/nft/ https://cryptopotato.com/square-rebrands-to-block-expands-focus-on-blockchain-industry/ https://u.today/someone-just-lost-50-million-worth-of-bitcoin-to-defi-hacker https://beincrypto.com/meta-effectively-ends-cryptocurrency-ads-ban/ https://decrypt.co/87404/silk-road-founder-ross-ulbricht-launch-nft-collection-ethereum https://cointelegraph.com/news/miami-to-use-planetwatch-and-algorand-for-air-quality-monitoring https://cryptopotato.com/bank-of-america-the-metaverse-is-a-massive-opportunity-for-the-crypto-industry/
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