Cryptocurrencies Weekly Analysis 27/12/2021–7/1/2022

The date should be 27/12/2021 - 2/1/2022

News about the markets

Crypto:

-Jack Dorsey argues that Web 3.0 does not belong to "people" but VC and LP because VC and LP have a big power over how the system rewards the users. Chris Dixon defends that the code, data and ownership is open source.
-Bulletin Board System (BBS) Network is invested by Binance Lab. It is a Web 3.0 project.
- The total market capital of cryptocurrency is around 3 trillion. Banks and investors are lured.

US:
-US has banned products made from Xinjiang's forced labor. Walmart (Sam's Club) was blasted by the customers over missing Xinjiang projects.

Mainland and HK:
-The stocks exchange of HK, Shenzhen and Shanghai and China Securities Depository and Clearing Corporation (CSDC) have reached a deal on adding exchange-traded funds (ETFs) to Stock Connect Schemes.

Global:
-Global bond markets are on course for the worst since 1999 because of rising interest rates globally.
-Mikhail Gorbachev has alleged that The US arrogance led The North Atlantic Treaty Organization's eastward expansion. Putin demanded NATO must not admit new members and sought to bar the USA from establishing new bases in former Soviet countries.

Crypto Market Analysis

Bitcoin
Price: 49842 (15:31 UTC+8 26/12)
Last Analysis Review: Correct. Good analysis. 
This Week’s Analysis: Remain last weeks’ analyses. If BTC go up to 50000 firmly, it should be considered a good recovery trend. BTC is now at the consolidation stage and still fluctuating in a narrow range. 
Trade Direction: Short-term actions are advantageous in the current price range.
Overall Ranking (Long Side): 3.25/7

EGL
Price: 252 (20:55 UTC+8 26/12)
Last Analysis Review: I did not mention it.
This Week’s Analysis: It is a layer one blockchain with SPoS which can select the validator with only around 100ms and with rating and stake. The price of is consolidating in a narrow range.
Trade Direction: NA
Overall Ranking (Long Side): 4/7

BAT
Price: 1.3 (21:35 UTC+8 26/12)
Last Analysis Review: I did not mention it.
This Week’s Analysis: It is a token about advertisement and browser. The price is in a consolidating trend.
Trade Direction: NA
Overall Ranking (Long Side): 3.125/7

ENS
Price: 45.8 (21:45 UTC+8 26/12)
Last Analysis Review: I did not mention it.
This Week’s Analysis: The price is in a consolidating trend.
Trade Direction: NA

Overall Ranking (Long Side): 3.125/7