Ethereum ($ETH) has recently surpassed Mastercard in market capitalization. Ethereum’s market cap touched $485 billion, just ahead of Mastercard’s $484 billion. This landmark signifies how Ethereum is slowly becoming an important player in the financial industry. However, this win was short lived and it fell below $480 billion quickly.
Ethereum Hits $3,950, Up 38% in 30 Days
The price is $3,950 for Ethereum, which also shows a dynamic increase. ETH has also gone up by 38% in the last 30 days. This came at a time when the overall market for cryptocurrencies had a very robust run up. Demand is going up as investors display higher confidence in the market and this leads to price increase.
There are more projects and developers that are coming to the Ethereum network. However, Mastercard is a company that has been in the traditional financial market for quite some time now. But the growth of Ethereum proves that the world of financial markets is gradually changing.
Ethereum Market Cap Rises and Investors Show Strong Support
The change in the market cap is a big win for Ethereum. It is a great advancement for both the blockchain and its adoption. However, Ethereum has had massive growth and it will be important to see if it will continue to grow at this rate.
Lastly, Ethereum has surpassed Mastercard in the extent of its market capitalization. It has increased 38% in the last 30 days, which clearly indicates that investors are bullish and using it more.
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