Ethereum in Top 100 of World’s Largest Assets
Seems like Ethereum`s internet searches and interest will soon surge to a new lever beating the 2017 record, according to Google Trends. TH price has just reclaimed $1,100, pushing the second cryptocurrency into the world`s top 100 assets.
Ether Eyes New ATH
Ether has joined the first cryptocurrency Bitcoin in the top 100 of the world`s biggest assets by market capitalization. According to analytics platform CompaniesMarketCap, ETH now is ranked 97.
CompaniesMarketCap tracks the market cap of the assets such as public companies’ stocks, precious metals, digital currencies, and funds. The market capitalization is a combined price of all assets of a company or the price of all the currency currently in circulation.
According to CoinMarketCap, Ether is currently trading at around $1,151, showing an 11% rise just in one day. This price surged Ether's market cap to $132 billion, which made the second crypto-asset entering the top 100, leaving Citigroup, Philip Morris, and Charter Communications behind.
Ethereum is also ranked 74 on another platform AssetDash, but the analytic firm doesn’t track the market capitalization of precious metals and some companies.
Notably, in 2017, Ethereum's price skyrocketed 9,600% from $8 on New Year’s Day to end the year at $775 then surging to its All-Time High of $1,400 two weeks after.
For sure things will get even better for the Ethereum community when ETH 2.0 is launched. Phase 1.5 will unite the two blockchains, and the early adopters of Beacon Chain will finally enjoy the rewards.
Public sector management consultant ‘DCinvestor’ said that Ethereum is now going into the mainstream cycle just like BTC in 2017.
“I've said it before, but I'll say it again:
This is the cycle #Ethereum & $ETH go mainstream and enter the zeitgeist.
Every Boomer & Gen X fund manager on Wall Street eyeing Bitcoin now will know and understand (conceptually) what Ethereum is by the end of 2021.”
Bitcoin is still the Leader
Still, the most advanced digital currency Bitcoin is slowly but surely overtaking catching up with the biggest and famous global companies. BTC is ranked 9 on AssetDash and 11 on CompaniesMarketCap.
In terms of market cap, Bitcoin has already overtaken Visa, Berkshire Hathaway class B shares, Johnson & Johnson, and Walmart.
Ironically Warren Buffett, Berkshire Hathaway CEO, is a famous Bitcoin opposer who called BTC a “rat poison squared” a "mirage," and a "gambling device", pointing out that the crypto industry will have a bad ending.
