Cryptomarket Valuation and Opinion 12-06-21
Market Data Highlights
Bitcoin opens at $49K. It hits lowest at $47K and highest at $50K and stable around $48K ~ $49K. The average transaction fee is $4.72 which is a 31.48% increase from 12-05-21. Fear and Greed level is at 16.
Ethereum opens at $4.1K. It hits lowest at $3.9K and highest at $4.3K and stable around $4.2K. The average transaction fee is $30.88 which is a 55.15% decrease from 12-05-21. Fear and Greed level is at 31.
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 slow but the crypto market recovers fast. The market self heals faster than I expected.
Today’s sentimental news and comments:
Bullish News 📈
Cardano is about to launch its first social network launch pad while Deso has been growing faster than ever.
Bank of International Settlement calls the rise of decentralized finance an illusion. When technology outpaced the traditional way, the first reaction from traditional companies is to refuse the future, then be left out, and FOMO eventually will be replaced. It is always the case.
Bearish News 📉
Ethereum 2.0 is not working. Clearly, Vitalik Buterin has no solution to high gas fees and Ethereum is losing its future.
Self-proclaimed Satoshi Craig Wright needs to pay $100M in damages lawsuit from accusing him defraud his business partner. If he paid off $100M, he will likely become Satoshi Nakamoto. I think people will be careless about who Satoshi is and more about how Bitcoin can further improve on.
Future Trend 🚀
China starts printing money. They learn from the US mistake or just blindly follow the US.
Former Lyft executive joins OpenSea as CFO. I do not think that will make OpenSea better than ever.
Scam Alert ⚠️
Scam: Ethereum 2.0 ICOs
Reason scam: get rich first then maybe build something later
Scam types: Ethereum 2.0 has changed since 2014 and it never achieved what it was promised.
Thanks for reading and see you tomorrow! xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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://bitcoinist.com/candao-is-launching-the-first-social-network-launchpad/ https://cointelegraph.com/news/vitalik-buterin-outlines-endgame-roadmap-for-eth-2-0 https://cointelegraph.com/news/bank-of-international-settlement-calls-the-rise-of-decentralized-finance-an-illusion-in-latest-quarterly-review https://u.today/self-proclaimed-satoshi-craig-wright-ordered-to-pay-100-million-in-damages https://www.trustnodes.com/2021/12/05/investors-brace-for-monday-opening-amid-evergrande-looming-default https://www.theblockcrypto.com/linked/126426/former-lyft-executive-joins-nft-marketplace-opensea-as-cfo
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