Ethereum’s (ETH) Market Cap is just below US$500 Billion, More than Visa, JPMorgan Chase, and Samsung
The market capitalization of Ethereum (ETH) is currently hovering around US$496.93 billion, as per 8marketcap data. This has made the Ethereum project’s market cap exceeded that of many other leading corporations including Visa (US$496.13 billion), JPMorgan Chase (US$479.92 billion), and Samsung (US$479.85 billion).
Ether’s market cap is gradually approaching Tesla (US$594.5 billion). ETH is now just 2 places below Tesla. In terms of market cap, Tesla is in the 13th position and ETH is in the 16th position with TSMC and palladium on the 14th and 15th positions respectively.
Ethereum (ETH) is expected to cross the US$500 billion mark soon as the ETH price keeps increasing. The ETH/USD pair has moved above the new symbolic threshold of US$4,300 this morning. In the last 24-hours, the ETH price has increased by more than 15%.
The price appreciation of Ether has been particularly rapid in the last couple of weeks. The ETH/USD pair crossed the US$3,000 mark threshold a week back and surpassed US$4,000 last Monday. Coinmarketcap’s data shows that the ETH price has increased by 27% and 98% in the last 7-days and 30-days respectively.
Many optimist analysts believe that Ethereum’s price will cross the US$10,000 threshold soon.
Ether is not the only altcoin that has performed exceptionally well in recent days. The other crypto coins that progressed significantly well in the top 5 altcoins are Binance Coin (BNB) and Dogecoin (DOGE). With the ushering-in of the altcoin season, the dominance of Bitcoin (BTC) has fallen sharply to just 44%.
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