Cryptomarket Valuation and Opinion 11-24-21

LeoFinance
2 months ago
(edited)
2 Min Read
325 Words

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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 $2.44 which is a 2.40% decrease from 11-23-21. Fear and Greed level is at 42.

Ethereum opens at $4.3K. It hits lowest at $4.1K and highest at $4.3K and stable around $4.3K. The average transaction fee is $47.07 which is a 5.01% decrease from 11-23-21. Fear and Greed level is at 46.

Here are some highlights to support my analysis:

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Bitcoin Value = $55k ~ $60k and my position is Long.

Ethereum Value = $4.0k ~ $5.0k and my position is Long.
NFT market highlights:

The NFT market continues slowing down but noticing that Metaverse tokens like Sandbox and Decentraland have moved to the top 10 and their tokens are multiple in value even though the market is down.

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Today’s sentimental news and comments:

Bullish News 📈

The third-largest Bitcoin whale bought $375M worth of BTC in 11 days. It may signal the upward movement of BTC in the future.

Whale buys the Shiba dip.

Bearish News 📉

Today is a sad day and honor Mr.Goxx, the greatest crypto trading hamster who beats Bitcoin, and Warren Buffer just pass away.

India bans crypto payments but not the asset class. A very interesting approach on their aspect on crypto usage as a store of value rather than utility tokens.

Meme tokens are taking breaks as Shiba Google research drops.

Future Trend 🚀

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges suggesting possible hearing as regulators seek regulations oversight stablecoins.

Australian person fund invests in cryptocurrencies as Australian embraces deeper into cryptocurrency universe.

Shiba launches in South Korea crypto exchange Korbit.

Scam Alert ⚠️

Scam: $BASE in Binance

Reason scam: fake token and fake listing in Binance.

Scam types: rug pull potential, fake token

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Thanks for reading and see you tomorrow!