Ethereum becomes 50th largest asset by market cap after recent price action
Ethereum has overtaken Cisco, Alibaba, AstraZeneca and T-Mobile to become the 50th most valuable asset in the world.
After being flat for almost a month, ETH experienced a noticeable spike, rising in price from $1,300 to $1,560 within two days. The positive price action lifted the market cap to his $190 billion, putting ETH among the top 50 assets by market cap.
Ethereum is currently going head-to-head with giants such as Toyota and Walt Disney, each with a market capitalization of around $195 billion.
Ethereum has become the second cryptocurrency ever to enter. Top 50 Assets By market capitalization. With a value of over $395 billion, Bitcoin ranks 14th among the world’s most valuable assets, sandwiched between Visa and Walmart.
With a current price of around $20,700, Bitcoin has surpassed palladium in terms of value. At its peak in mid-October 2021, Bitcoin market capitalization Of the $1.23 trillion, it’s above Alphabet’s current cap of $1.21 trillion. With a market cap of $1.1 trillion in October 2022, Bitcoin with a market cap of $1.23 trillion was also a more valuable asset than silver today.
