Cryptocurrency and NFT development: View of impact on market capitalization

In recent years, the world of finance has witnessed a revolution in the field of digital assets. Two of the most important players are cryptomena and non -use tokens (NFT), which have gained global considerable traction. This article will be immersed in the impact of the NFT on market capitalization and examines the rise of Ethereum as a leading platform for these innovative assets.

rise of cryptocurrency

Cryptomena, such as Bitcoin (BTC) and Ethereum (ETH), were first introduced in 2009. Since then they have become the basis of the digital economy, many investors pouring their capital into these assets. Increasing the popularity of cryptocurrencies can be attributed to several factors:

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• Limited offer : Most cryptocurrencies have a limited offer of coins, which contributes to their lack and evaluation.

• Security : Cryptocurrency exchanges and wallets offer robust security measures, reducing the risk of hacking and loss.

origin of nfts

Non -infant tokens (NFT) are unique digital assets that represent the ownership of a unique item. They have gained popularity from the introduction of platforms such as OpenSeSa and Rarible in 2017. NFS offers several advantages over traditional art and collectors including:

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• Lack : Rarity and uniqueness of NFT contribute to their evaluation.

• Transparency : NFT are listed in public exchanges, making them easy to track.

Influence on market capitalization

As the cryptocurrencies and the NFT have gained popularity, market capitalization has increased significantly. According to CoinDesk's report, the overall capitalization of the cryptom market has surpassed $ 2 trillion since its peak in January 2021.

Here is the distribution of market capitalization growth for some of the best cryptocurrencies:

| Crypto | Market capitalization (January 2019 - January 2021)

| --- | --- |

| Bitcoin (BTC) $ 350 billion

| Ethereum (ETH) $ 430 billion

| Solana (sol) | $ 18.5 billion

| Cardano (Ada) $ 10.6 billion

rise Ethereum

Ethereum is at the forefront of the NFT revolution, while its original cryptocurrency, ether (ETH) is a key driving force of growth in this space. The decentralized Ethereum Network platform allows developers to compile and deploy intelligent contracts, allowing unique digital assets to be created.

In recent months, Ethereum has seen a significant growth caused by several factors:

• STABLECOINS : The introduction of Stablacoin platforms as USDC and DAI has increased the demand for ETH.

• NFT Marketplaces : The increase in NFT markets, such as OpenSuea and Rarible, has led to an increase in interest in ETHEREUM assets.

• Interoperability : The development of interoperable platforms of blockchain, such as Cosmos and Polkadot, has extended the impact of the ecosystem Ethereum.

Conclusion

The increase in cryptomena and NFT was accompanied by a significant increase in market capitalization. As these assets continue to acquire traction, we can expect increased adoption in various sectors. The impact on market capitalization will be powered by factors such as increasing demand for ETH, the development of new NFT markets and the continuing expansion of the Ethereum ecosystem.

Recommendations

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• Diversification

  

  : Diversify your portfolio to minimize the risk by allocating a part of your investment in these assets.

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