ETH is Now Among World's Biggest Assets (Top 100) - AutoTrading Strategies

Trading News

Read The Latest News & Analysis

ETH is Now Among World’s Biggest Assets (Top 100)

ETH
Share on:

ETH joins the list of top 100 assets in the world with significant price surge in the last 24 hours. The coin is now worth more than Shopify and Philip Morris in terms of market cap.

Crypto bull market is bringing good news every other day since the start of a new year. In the latest occurring, ETH has become the second cryptocurrency to enter the list of world’s top 100 assets on 8marketcap. In past, only Bitcoin had this honour. ETH price is currently hovering at $1,200. It is at 95th place on the list with the average 7-day price increase of 60%.

ETH Among Top 100 Assets
Source: Trading View

Ether has crossed $1,200 barrier on Wednesday for the first time since Jan 2018. Moreover, it has gained $53 billion in market cap. The coin is now worth more than many multinational companies. The total market cap of all cryptocurrencies has crossed 1 Trillion USD for the first time in history with all the major currencies gaining value.

Get Free Help in Crypto Trading: Subscribe for Our Course

Ethereum platform released an upgrade called ‘Ethereum 2.0’ in 2020. This increased appeal of ETH among crypto investors.

Crypto Boom:

The cryptocurrency market is moving at a high pace. All major coins are bullish with consistent gains every day since the start of 2021. These are interesting times for crypto traders.

Bitcoin, the parent currency, is placed above giants like Alibaba on the asset list by market cap.  At the moment, BTC is placed on the 10th number just below Tesla and Facebook. It is rightfully called the ‘Digital gold’.

Crypto is increasingly becoming a promising asset in financial markets. The advocates call it a secure and trustworthy asset with strong fundamentals. Financial analysts, like the author of ‘Rich Dad, Poor Dad’, are advising people to buy crypto. Hence, we will likely see a crypto boom by the end of this decade.

  • Note: To learn more about the crypto market, trading indicators, trading tips and crypto exchanges, follow our blog.

Recent News

crypto market

Dogecoin is Everywhere on Dogeday

People bought dogecoin as a joke They are now getting returns in both hands Dogecoin is consistently on the rise ahead of Dogeday  Dogecoin is everywhere, thanks to the

crypto market

Britcoin: UK Government Considers Launching Digital Currencies

UK government is exploring the arena of digital currencies The country is considering the launch of digital currency, which the chancellor of the exchequer touted as

crypto market

What Stands in the Way of Crypto Mainstreaming?

Coinbase listing had all the vibes of crypto mainstreaming However, the ground reality suggests that crypto has a long way to go for solidifying its position as a mainstream

crypto market

Bitcoin Market Went From 59,000 to 52,000 in Minutes

Bitcoin market nosedived on April 18th after news of hash rate crash and rumour of  US treasury's impending action against financial institutions involved in money laundering

Let's Chat
Facebook
Twitter
Instagram
Pinterest