Non-fungible tokens (NFTs) are unique digital assets representing various art forms, collectibles, gaming items, and more. NFTs exploded in popularity and value in 2021, creating a new wave of innovation and creativity in the crypto space.
NFTs are powered by different blockchains that enable their creation, distribution, and trading. This article will explore the top 3 cryptos in the NFT space that have the most potential and popularity and also talk about a place where you can buy them all.
What is BYDFI?
BYDFI is a well-known cryptocurrency exchange platform that was founded in Singapore in 2019. This platform offers traders uncomplicated, rapid, and secure crypto-asset exchange services.
With over 500,000 users hailing from more than 150 countries, the platform provides several licenses, effortless deposit and withdrawal options, diversified services, copy trading features, and other benefits.
To find out more about BYDFI, you can read their review article, and if you sign up through this link [HERE], you will receive a 10% discount on your trading fees for the first 30 days.
Ethereum (ETH) Price Prediction
Ethereum is the most widely used blockchain for NFTs, as it hosts most projects and marketplaces. Ethereum is an innovative contract platform that enables developers to create decentralized applications (DApps) for various purposes, including NFTs. Ethereum also supports the ERC-721 and ERC-1155 standards , which define how they can be minted, transferred, and verified.
Some of the most popular NFT projects and marketplaces on Ethereum include CryptoPunks, CryptoKitties, Axie Infinity, Decentraland, OpenSea, Rarible, and SuperRare. In addition, ethereum attracts artists, celebrities, and influencers who create and sell their NFTs.
Ethereum has a market cap of $255 billion, a trading volume of $16 billion, and a circulating supply of 120 million ETH. It is ranked #2 among all cryptocurrencies and is traded on Coinbase, Binance, Kraken, and more. Ethereum is on the rise as it is up by over 10% today. Let’s have a look at the chart for trend analysis:
On Weekly timeframe level the price action of Bearish Harmonic Bat pattern where the price action has broke out the MSB level as well as forming out Higher Highs and Higher lows level
Solana (SOL) Price Prediction
Solana is a fast-growing blockchain that aims to provide scalability, speed, and low fees for NFTs and other DApps. Solana claims to be able to process over 50 thousand transactions per second (TPS) with sub-second finality and minimal costs.
Solana also supports the SPL standard for NFTs, which is compatible with the ERC-721 standard on Ethereum.
Some of Solana’s most popular projects and marketplaces include Solana Monkey Business, Degenerate Ape Academy, Star Atlas, Aurory, Solanart, Magic Eden, and DigitalEyes.
Solana also attracts many investors, developers, and creators who view it as an excellent alternative to Ethereum.
Solana has a market cap of $10 billion, a trading volume of $938 million, and a circulating supply of 391 million SOL. It is currently trading at $25.2,up by 5% in 1 day. Let’s take a look at the chart for trend analysis:
In a 12-hour time frame, the price has broken the S/R zone and it has gone up by 8%. As I predicted in my previous analysis. Currently, it is going upwards to break the horizontal resistance zone. if it breaks the resistance zone with a successful retest, then it can go upward. On the other hand, it may fall from the horizontal resistance zone.
Binance Smart Chain (BSC) Price Prediction
Binance Smart Chain is a blockchain that runs parallel to the Binance Chain, the native blockchain of the Binance ecosystem. As a result, Binance Smart Chain is suited to Ethereum, allowing users to access DApps and NFTs on both platforms.
In addition, Binance Smart Chain offers high performance, low fees, and cross-chain interoperability.
Some of the most popular NFT projects and marketplaces on the Binance Smart Chain include Bored Ape Yacht Club, CryptoBlades, BakerySwap, PancakeSwap, TreasureLand, and Binance NFT.
Binance Smart Chain attracts many users who want to access NFTs without paying high fees or facing network congestion on Ethereum.
Binance Coin has a market cap of $52 billion, and a circulating supply of 157.9 million BNB. Let’s have a look at the chart for trend analysis:
In a 2D time frame, the price is moving inside the horizontal resistance zone. if it breaks the resistance zone with a successful retest, then it can go further upward. On the other hand, it can also form a double top here.
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