Ethereum Beats Out Walmart, Mastercard To Be 25th Largest Asset In The World
February 10 2022 - 12:00PM
NEWSBTC
Ethereum has been up with the recovery in the market, growing as
fast as bitcoin in the space. This has seen the market cap of the
cryptocurrency rise rapidly. While it had lost its footing in the
list of top assets by market cap in the world following the price
crash, it has since gained back enough of its previous value to put
the digital asset above some of the largest companies on the list.
Ethereum Is Bigger Than Walmart With a recovery above $3,200,
Ethereum has once again solidified its place as one of the most
valuable assets in the financial sector. Although it is only half a
decade old, it continues to compete with companies that have been
in operation for decades, boasting a higher market cap than others
despite their widespread use around the world. Related Reading
| Stablecoins Total Market Cap Breaches $179 Billion Mark –
Can It Go Higher? After losing about $100 billion of its market cap
following the crash that saw its fallen crumble from above $4,000
to below $3,000, it has begun to claw its way back up. At its
current price, atheneum’s market cap is back up at $382.34 billion.
It’s a long way from its all-time high but a significant value
nonetheless, one that puts it ahead of giants like Walmart and
Mastercard. The digital asset is now sitting at 25th place on the
list of the most valuable assets in the world. While this number
may seem a bit low, a look through the list helps put in
perspective just how large the cryptocurrency has gotten. ETH
settles above $3,200 | Source: ETHUSD on TradingView.com Ethereum
sits ahead of world-class names and brands on the list. Most of
these are households names and are leaders in their various
industries. Besides Walmart and Mastercard, the digital asset
boasts a larger market cap than the likes of Home Depot, Alibaba,
Disney, Coca-Cola, Pepsico, among others. Where Does Bitcoin Sit?
Bitcoin is the most valuable cryptocurrency in the crypto space.
Its market cap is twice as large as that of ethereum, which holds
the spot for the second-largest. With a market cap of $839.60
billion, bitcoin sits considerably higher on the list compared to
the number 2 cryptocurrency. Related Reading | Three Arrows
Buys Your ETH, Addresses Swell After Hinting Bearish Stand
Presently, bitcoin’s market cap places it at 9th place on the list
of most valuable assets in the world. It comes out ahead of social
media giant Meta (formerly Facebook), payments giant Visa,
legendary investment firm Berkshire Hathaway, among a slew of
others. It is truly remarkable what assets in the crypto space have
been able to achieve despite the industry being a little over a
decade old. The more the space grows, the higher they will move up
on the list. Featured image from Currency.com, chart from
TradingView.com
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