In Terms of Market Capitalization, Ethereum Beats Bank of America and Mastercard

At $3,000, Ethereum (ETH) finally broke over some of the world's major financial companies, including Bank of America & Mastercard, in total market value (NYSE: MA).

?On March 24, Ethereum's market value was $366.13 billion, compared to BoA's $347.51 billion and Mastercard's $337.12 billion.

In the current state of affairs, just one bank has effectively refused to give in to Ethereum. At the time of writing, JPMorgan Chase used to have a market value of $412.74 billion.

Second, just to Bitcoin (BTC), Ethereum has a market capitalization of $816.74 billion and is steadily increasing. Bitcoin (BTC) is the biggest cryptocurrency by market capitalization.

An examination of the market capitalization of the cryptocurrency

Ethereum's market capitalization has been rising steadily, reaching $331 billion last week, a rise of 10.47 percent.

The large influx of $20 billion into Ethereum's market cap, published in mid-March, indicates that the DeFi asset's journey to recovery after just a spell of dealing in the red is well underway.

Ether has dropped to its lowest values on cryptocurrency exchanges throughout September 2018 due to significant outflows from several crypto exchanges in recent weeks.

The price of Ethereum

Ethereum's price has risen over the $3,000 threshold, where it has been for the preceding several days.

It was trading at $3,046 at the moment of writing, up 3.11 percent over the previous day. The token's price was $2,767 seven days before, which indicates it has risen 10.1% during the week.

Source: Cointelegraph NEws