Ethereum is catching up with the market recovery and is growing as fast as Bitcoin in space. As a result, the market capitalization of cryptocurrencies is rising rapidly. It wasn’t on the list of top assets by market capitalization worldwide after the price plunge, but since then it has regained enough previous value to put digital assets above some of the largest companies on the list. I did.
Ethereum is bigger than Walmart
With a recovery of over $ 3,200, Ethereum has once again solidified its position as one of the most valuable assets in the financial sector. Only five years ago, despite its widespread use around the world, it boasts a higher market capitalization than any other company and continues to compete with companies that have been operating for decades.
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It began to recover after losing about $ 100 billion in market capitalization after a crash that fell from over $ 4,000 to less than $ 3,000. At current prices, Ateneum’s market capitalization has returned to $ 382,340 million. It’s far from the highest level ever, but it’s still of great value, ahead of giants like Wal-Mart and Mastercard.
Digital assets are currently ranked 25th on the list of the most valuable assets in the world. This number may seem a bit small, but looking at the list will help you understand how big your cryptocurrencies have grown.
ETH settles above $3,200 | Source: ETHUSD on TradingView.com
Ethereum is located in front of the world-class names and brands on the list. Most of these are household names and leaders in various industries. In addition to Wal-Mart and Mastercard, digital assets boast a larger market capitalization than Home Depot, Alibaba, Disney, Coca-Cola, PepsiCo and more.
Where are Bitcoins?
Bitcoin is the most valuable cryptocurrency in the crypto space. Its market capitalization is twice as large as the second largest Ethereum. With a market capitalization of $ 839.6 billion, Bitcoin is well above the list compared to the second cryptocurrency.
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Bitcoin’s market capitalization is currently ranked 9th on the list of the world’s most valuable assets. It has been ahead of many companies, including social media giant Meta (formerly Facebook), payment giant Visa, and legendary investment firm Berkshire Hathaway.
Despite the industry’s history of more than a decade, it’s really worth noting what cryptospace assets have achieved. The larger the space, the higher the list.
Featured image from Currency.com, chart from TradingView.com