Binance Continues Crypto Dominance With New NFT Marketplace
NFT mania has just gone bigger, with Binance, one of the world’s largest cryptocurrency companies, announcing its intention to launch a marketplace for the new species of digital assets. Dubbed as Binance NFT, the platform will see its first light of the day in June. The Malta-based company stated that the new marketplace would bring […]
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Cryptocurrency exchange Binance launched its NFT marketplace on Thursday. The platform allows users, including artists, creators, and crypto enthusiasts, to mint and trade non-fungible tokens (NFTs). It employs Binance’s blockchain infrastructure and features various forms of digital artwork and collectibles. NFT Collection Brings Together Celebrated Artists in a ‘Genesis’ Auction The long-awaited Binance NFT Marketplace is now live, the world’s leading digital asset exchange announced. The platform kicks off with a premium event auction called....
The largest NFT marketplace is facing headwinds from its competition as OpenSea sees its market share slip whilst its rivals gain significant ground. Opensea’s dominance begins to waiverNonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states. Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in market leadership, noting that while OpenSea is still the dominant marketplace in terms of users and volume,....
Altcoins have risen to a three-year dominance high after tagging a record combined capitalization of nearly $1.5 trillion last week. While Bitcoin tumbles in response to Elon Musk’s Twitter account yet again, altcoin dominance has surged to its highest level in roughly three years.As of this writing, Bitcoin represents 40.3% of the combined crypto asset capitalization — the lowest it has been since June 2018, according to CoinMarketCap.Bitcoin hit a market dominance low of 33% in January 2018 when it was cooling from its previous peak while the altcoins were just hitting theirs. It is....
On-chain data suggests Binance has seen some sharp growth in its Bitcoin dominance over the past couple of years, leading to the crypto exchange now holding more than 22% of the total reserve. Binance Observes Growth Of 120% In Bitcoin Balance In Just The Last 2 Years According to the latest weekly report from Glassnode, […]
Bitcoin market dominance continues to decline as the markets make their way back up the charts. The top cryptocurrency has seen its market share consistently dropping as investors get interested in altcoins. Over the five years since it has been in operation, Ethereum now has a bit under half the market dominance of the digital asset. This has translated to altcoins like Ethereum rallying despite what direction the price of bitcoin is headed. Now, once again, as is the same with all bull markets, the altcoins are breaking away from the influence of bitcoin. As the bull rally continues to....