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Ethereum, the second-largest crypto by market capitalization, has led the way in the non-fungible token (NFT) market. According to BanklessTimes.com, Ethereum's market share in the NFT space has surpassed 78%.

Jonathan Merry, CEO of BanklessTimes, commented on the findings:

One of the critical reasons for Ethereum's dominance in the NFT market is its advanced Smart contract capabilities. The smart contract allows developers to create NFTs with unique attributes like scarcity and rarity. As a result, several popular NFT projects are on the Ethereum network, such as Axie Infinity, Bored Ape Yacht Club, and CryptoPunks.

Besides, Ethereum has a large and active developer community, with many projects built on the blockchain. The larger community has led to a thriving NFT ecosystem. Various NFT marketplaces, gaming platforms, and social networks operate on the Ethereum network.

Finally, Ethereum's gas or transaction fees are relatively lower than other blockchain networks. This has made it more accessible for artists and creators to mint and sell their NFTs on the Ethereum network.

Despite Ethereum's dominance in the NFT market, several other blockchain networks are trying to enter the space. These include Tezos, Binance Smart Chain, and Flow, among others. However, Ethereum's first-mover advantage, large developer community, and established infrastructure make it challenging for other blockchain networks to catch up.

Furthermore, Ethereum's merge improved the network's scalability, security, and energy efficiency. This upgrade made the Ethereum network even more attractive for NFT creators and buyers.

Ethereum's dominance in the NFT market will likely continue in the coming years. More artists, creators, and collectors use the platform for their digital asset needs. Additionally, integrating NFTs into mainstream industries, such as gaming and music, will drive growth and demand for NFTs.

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Ethereum Continues to Dominate the NFT Market, With a Current ... - BanklessTimes

A crypto analyst known for accurately calling Bitcoins (BTC) 2018 bottom believes that bullish price actions are in store for Ethereum (ETH), Fantom (FTM) and one low-cap altcoin.

Pseudonymous analyst Smart Contracter tells his 221,400 Twitter followers that Ethereum rival Fantom looks ready for an uptrend after completing its corrective move down and breaking out of a diagonal resistance.

Nice FTM downtrend break on USD pair and BTC pair and macrostructure is a big clear three wave move down. Hard not to be looking for longs on some things now in light of this weekend price action.

Smart Contracter practices the Elliott Wave theory, an advanced technical analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset typically resumes its uptrend following a three-wave move down or an ABC wave.

At time of writing, FTM is trading for $0.413, well above the analysts diagonal resistance at $0.37.

Next up is the blockchain indexing protocol The Graph (GRT). According to the crypto trader, GRT also looks bullish after concluding its ABC wave down.

So many alts look amazing.

GRT also has a clean ABC down on weekly after five-wave rise.

At time of writing, GRT is worth $0.144, up over 10% in the past day.

Looking at Ethereum, Smart Contracter says the top altcoin looks strong after rallying from a low of $1,372 on March 10th to close the previous week above $1,500.

Damn, ETH weekly looking hella bullish now, absolute solid buy back heading into the close.

At time of writing, Ethereum is trading for $1,678, an increase of over 5% in the last 24 hours.

Generated Image: Midjourney

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Top Analyst Predicts Rallies for Fantom and One Ethereum-Based Altcoin, Says ETH Looks Hella Bullish - The Daily Hodl

Bitcoin and Ethereum could be headed for a significant rally, according to pseudonymous analyst DonAlt. The analyst who correctly predicted Bitcoins recent bottom believes that the leading cryptocurrencies are gearing up for big rallies.

DonAlt feels that Bitcoin and Ethereum are ready to make massive gains and are poised to absolutely Giga moon following their strong recovery to close the previous week.

DonAlt points out that Bitcoin is primed to take out the resistance at $24,300. The chart shows that Bitcoins next resistance is at $32,200 if it breaks above the supply area of $24,300. The analyst also notes that Bitcoins current rally is a sign that it is serving its one true purpose: as a hedge against uncertain times, particularly when banks steal money from people.

As for Ethereum, DonAlt notes that the leading smart contract looks bullish after bouncing back from last weeks low of $1,379 to recover support at $1,600. At the time of writing, ETH is worth $1,672, a surge of over 5.7% in the past day.

Bitcoins price rebounded off the 200-day SMA ($19,717) on March 10, and the recovery picked up momentum after the break above $21,480. This suggests that lower levels are attracting buyers. The bulls continued the upward march and cleared the hurdle at $22,800 on March 13.

This opens the gates for a retest of the stiff overhead resistance at $25,250. If buyers overcome this barrier, the king coin could witness aggressive short covering. That may catapult the price to $30,000.

Ethereum rebounded off the support near $1,352, indicating aggressive buying at lower levels. The recovery strengthened after the bulls pushed the price back above $1,461. The largest altcoin rose back above the 20-day EMA ($1,565) on March 12, indicating that bulls are back in the game. Buyers will next try to stretch the relief rally to the overhead resistance at $1,743.

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Bitcoin And Ethereum Set For Huge Bully Rally, Predicts Crypto Expert - Coinpedia Fintech News

March 14, 2023 2:45 PM | 1 min read

Bitcoin Cash (CRYPTO: BCH) andEthereum Classic(CRYPTO: ETC)aretrading higher by 4.90% to $133.60 and 5.56% to $20.77 Tuesday afternoon. Shares of several altcoins are trading higher on continuedupward momentumin cryptocurrencies.

Crypto may be trading higher in sympathy with the broader U.S. market after CPI data for February met analyst expectations. Our Benzinga team reportedthe headlineCPIrose 6% in February, downfrom 6.4% in January, according todatafrom the Labor Department.

Crypto may also be higher in sympathy with the broader U.S. market after President Joe BidenMonday morning reassured Americans about the stability of the financial sector on Monday morning following the recent collapse of SVB Financial Group,Signature Bank and Silvergate Capital Corp.

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Our Benzinga team reported, in his address, Biden emphasized that all bank customers will have access to their funds.

"All customers who had deposits in these banks can rest assured they'll be protected, and they'll have access to their money as of today, Biden said. "No losses will be borne by the taxpayers. Instead, the money will come out of the fees the banks pay into the deposit insurance fund."

See Also:Biden Addresses FDIC Bank Takeovers: 'The Banking System Is Safe'

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Why Bitcoin Cash And Ethereum Classic Are Ripping Higher - Benzinga

Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to a USDC depegging. Ethereum also rebounded on Saturday.

Bitcoin (BTC) rose back above $20,000 on Saturday, despite overall volatility in financial markets being at historic highs.

This comes as the Federal Deposit Insurance Corporation (FDIC) confirmed it was shutting down Silicon Valley Bank.

Despite this, BTC/USD raced to an intraday high of $20,792.53, less than 24 hours after trading at a low of $19,628.25.

Overall, todays marginal rally in price comes as the 14-day relative strength index (RSI) found a floor at the 27.00 level.

At the time of writing, the index is tracking at 28.46, with bitcoin at $20,279.45, as earlier gains have eased.

Market volatility will likely remain higher in the coming days, leading to bitcoin moving above and below $20,000 throughout the weekend.

Ethereum (ETH) was also significantly higher to start the weekend, as prices rose back above $1,400.

Following a two-month low at $1,378.53 yesterday, ETH/USD moved to a peak at the $1,481.32 level on Saturday.

The move comes as ethereum bulls bought yesterdays dip, as price strength moved deep into oversold territory.

Friday saw ethereums RSI fall to 28.30, which was its weakest point since last June, however the index has since rallied.

As of writing, it is now tracking at 32.26, and appears to be heading towards a long-term floor at 34.00.

Should it reach this point, there is a strong possibility that ethereum will be back above $1,500.

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Will todays rebound extend into the remainder of the weekend? Leave your thoughts in the comments below.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin, Ethereum Technical Analysis: BTC Above $20000, ETH ... - Bitcoin News