Over 5 Million ETH Locked In Ethereum 2.0 Contract; Ethereum Miners Earn Over $2 Billion for the First Time
AI Trading

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been on a meteoric price surge over the past few weeks, which led to its price surpassing the $3,000 mark.

As the digital currency increases in price, its market capitalization among the world’s largest assets continues to increase, giving it a deserving space among the most valuable assets in the world.

Read Also: Vitalik Buterin Is Now a Billionaire Officially with Ethereum (ETH) Latest Price Milestone

And with the look of things, Ethereum (ETH) is still at the early stage of its rising, due to the fact that the crypto market is currently in the middle of a bull cycle.

AI Trading

Ethereum (ETH) Is Now 21st Largest Asset in the World

At the time of filing this report, Ethereum (ETH) is trading at $3,366.20, with a market capitalization of $391.5 billion.

According to companiesmarketcap.com, Ethereum is currently the 21st largest asset in the world. This implies that the leading smart contract platform is now bigger than notable companies, such as Nestle, Mastercard, Bank of America, SPDR S&P 500 ETF Trust, UnitedHealth, among others.

Read Also: Ethereum (ETH) Hits $3,000 All-Time High for the First Time in History

Ethereum is now closer to flipping Walmart that currently ranked as the 20th biggest asset, with a relatively $395 billion market cap.

Courtesy of CompaniesMarketCap

As aforementioned, Ethereum has enough room to surge further in terms of price as many crypto analysts remain optimistic that the top digital currency could reach the $10,000 region before the end of the current bull cycle.

Ethereum (ETH) Continues To Reduce Bitcoin (BTC) Market Dominance

The current increase in the price of Ethereum (ETH), which led to flipping notable companies and assets in the world, is also reducing the market dominance of Bitcoin (BTC), the largest digital currency by market capitalization.

Read Also: BlockTower Co-Founder Ari Paul Predicts When Current Rally Would End, Says Bitcoin Could Hit $400,000

Over the past few days, the flagship crypto has been trending sideways, with no significant price upside trend, while Ethereum (ETH) and a number of other altcoins continue to showcase a bullish trend.

At the time of writing, Bitcoin is only dominating the crypto market by 45.1%, while Ethereum has surged to 16.9% according to CoinMarketCap.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.