JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
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JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network….
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A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
Blockchains currently compete to lead the NFT market through annual trading volume growth and increasing transaction count and user interaction. The blockchain network Ethereum continued to dominate in February while Bitcoin, Solana, and Polygon demonstrated substantial development. The following analysis reviews the performance of the twelve foremost blockchains that recorded…
The crypto market is experiencing a continuous decline, as the latest 24-hour data suggests. Hence, the cumulative crypto market capitalization has dropped to $3.68T after a 3.18% decrease. However, the 24-hour crypto volume has seen a 5.56% jump, reaching $181.41B. At the same time, the Crypto Fear & Greed Index…