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%.
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.
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.