Main navigation

Ethereum Is Now Worth More Than Finance Giant Mastercard

News
Mon, 05/03/2021 - 17:30
article image
Alex Dovbnya
The market cap of Ethereum has surpassed that of finance giant Mastercard
Ethereum Is Now Worth More Than Finance Giant Mastercard
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Ethereum, the largest altcoin, keeps setting new peaks throughout the day, logging a new all-time high of $3,293 at 5:12 p.m. UTC on the Bitstamp exchange. 

ETH
Image by tradingview.com

At nearly $380 billion, Ether's market cap has already surpassed that of financial giant Mastercard.

Notably, the company was one of the participants in the $65 million investment round of software development firm ConsenSys that was announced last month.   

Related
JPMorgan Claims Ethereum Should Outperform Bitcoin

Bitcoin trumped Mastercard back in November when it was trading at around $18,000. In March, the leading cryptocurrency went on to surpass the cumulative value of Mastercard and Visa after it hit $61,700.  

The flagship cryptocurrency's rally has since hit the pause button, with its market share now slipping well below the pivotal 50 percent mark.           

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.