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Cryptomarket Valuation and Opinion 11-25-21

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@xuanling11
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Market Data Highlights

Bitcoin opens at $57K. It hits lowest at $57K and highest at $59K and stable around $56K ~ $57K. The average transaction fee is $2.72 which is a 11.48% decrease from 11-24-21. Fear and Greed level is at 47.

Ethereum opens at $4.3K. It hits lowest at $4.2K and highest at $4.5K and stable around $4.3K. The average transaction fee is $41.46 which is a 11.92% decrease from 11-24-21. Fear and Greed level is at 51.

Here are some highlights to support my analysis:

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 is slow but virtual land is booming! The virtual asset estimates that the market value is 1 trillion! That is similar to Bitcoin! I think it is too optimistic. But who knows!

Today’s sentimental news and comments:

Bullish News 📈

Shiba hits a 1 million holders milestone.

JPMorgan has a great influence on the stock market but not much on the crypto market. They constantly undermine Bitcoin and try to influence the market to sell off Bitcoin so that they have a lower price range to enter. Unfortunately, the plan did not work out that well so they have to choose a more stable cryptocurrency Ethereum instead.

Indian government to regulate but not ban crypto.

Adidas hints at partnership with Coinbase. Coinbase’s plan to launch its own NFTs market is moving forward.

Bearish News 📉

South Korea financial regulator may impose a tax on NFTs.

Future Trend 🚀

The next phase of crypto is all about security and privacy.

What will be like when the law runs on smart contracts? The future of the law may run on blockchain technology that no one can ever change.

3D NFTs runs on the internet computer network (ICP). It is part of metaverse expansion.

Scam Alert ⚠️

Scam: $BNB smart chain in Binance

Reason scam: validators in BSC are threatening to dump the whole chain and move on. It is very centralized and the bad design of the blockchain and validators can’t keep up in sync.

Scam types: rug pull potential

Thanks for reading and see you tomorrow!

Posted Using LeoFinance Beta