ETH’s breakneck price increase in the past few weeks fuelled it into the world’s top 100 assets.
Ethereum has joined Bitcoin in the top 100 most significant assets by market cap. It is currently in the 97th position, according to analytics platform CompaniesMarketCap.
The platform watches the market capitalization of different assets like public companies’ stocks, precious metals, cryptocurrencies, and exchange-traded funds. The market cap is a combined price of all assets of a firm or, in this case, Ethereum’s price currently in circulation.
As of now, Ethereum trades around $1,151, up by 11%, according to CoinMarketCap. This development boosted ETH’s market capitalization to over $132B and landed it in the top 100, dominating Citigroup, Philip Morris, and Charter Communications.
Ethereum is now ranked 74th on AssetDash, but it doesn’t track the market caps of precious metals like gold and silver and big companies.
Concurrently, around $20B worth of various tokens is now locked in Ethereum’s DeFi projects.
Bitcoin rises to the top 10!
Meanwhile, Bitcoin’s figures are steadily overtaking some of the biggest companies in the world. It is now ranked 11 on CompaniesMarketCap and 9th on AssetDash.
As CNWN reported recently, Bitcoin surpassed assets like Berkshire Hathaway class B shares and companies like Visa, Johnson & Johnson, and Walmart in terms of market capitalization.
Remarkably, Berkshire Hathaway CEO Warren Buffett is a famous Bitcoin Critic who previously called BTC a “rat poison squared” and mentioned the cryptocurrencies “will come to a bad ending.”
Well, it seems that the “bad ending” is far too long.
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