Posted 5 months ago | by @devadmin
Ethereum’s rapid price increase over the last few weeks has pushed it into the top 100 assets in the world.
The platform tracks the market capitalization of various assets such as 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 Ethereum’s case, the price of all ETH currently in circulation.
At press time, Ethereum is trading at around $1,151, up 11% on the day, according to CoinMarketCap. This growth pushed ETH’s market capitalization to over $132 billion and landed it in the top 100, outpacing Citigroup, Philip Morris, and Charter Communications.
Ethereum is already ranked 74th on analytics platform AssetDash, but it doesn’t track the market caps of precious metals such as gold and silver, as well as some companies like Saudi Aramco….
Read the full article here on Decrypt.co.