The evolution of cryptocurrency and NFT: a look at the impact on market capitalization
In recent years, the world of finances has witnessed a revolution in the realm of digital resources. Two of the most important players are cryptocurrency and non -whistling tokens (NFT), which have gained significant traction globally. This article will deepen the impact of the NFT on market capitalization and explore Ethereum ascent as a leading platform for these innovative resources.
The ascent of the cryptocurrency
The cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have been introduced for the first time in 2009. Since then they have become a staple in the digital economy, with many investors who have poured their capital in these activities. The growing popularity of cryptocurrencies can be attributed to several factors:
- Decentralization : cryptocurrencies operate on a decentralized network, allowing peer-to-peer transactions without the need for intermediaries.
- Limited supply : most cryptocurrencies have a limited supply of coins, which contributes to their scarcity and appreciation of the value.
- Security : Cryptocurrency exchanges and wallets offer solid safety measures, reducing the risk of hacking and loss.
The emergence of NFTS
The non -fixable tokens (NFT) are unique digital resources that represent the property of a unique article of its kind. They gained popularity from the introduction of platforms such as Opensea and raritable in 2017. The NFT offer several advantages compared to traditional art and collectible objects, including:
- Property : NFT provide definitive property rights to a specific digital resource.
- Scation : the rarity and uniqueness of the NFT contribute to their appreciation of the value.
- Transparency
: NFTs are listed on public exchanges, making them easily traceable.
The impact on market capitalization
Since cryptocurrencies and NFTs have gained popularity, market capitalization has increased significantly. According to a COINDESK report, the market capitalization of the total cryptocurrency exceeded $ 2 trillion from its peak in January 2021.
Here is a distribution of the growth of market capitalization for some of the main 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 |
Ethereum’s rise
Ethereum was at the forefront of the NFT revolution, with its native cryptocurrency, Ether (ETH), being a key factor of growth in this space. The decentralized platform of Ethereum Network allows developers to create and distribute intelligent contracts, allowing the creation of unique digital resources.
In recent months, Ethereum has recorded significant growth, led by several factors:
- Stollecoins : the introduction of Stablecoin platforms such as USDC and Davant has increased ETH’s demand.
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- Interoperability : The development of interoperable blockchain platforms, such as Cosmos and Polkadot, has expanded the scope of Ethereum ecosystem.
Conclusion
The ascent of cryptocurrency and NFTS was accompanied by a significant growth in market capitalization. While these activities continue to gain traction, we can expect to see greater adoption in various sectors. The impact on market capitalization will be guided by factors such as the increase in ETH demand, the development of new NFT markets and the continuous expansion of Ethereum ecosystem.
Advice
- Investment : Consider investing in cryptocurrencies and NFT with a long -term perspective.
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