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Ethereum Is Now Worth More Than Finance Giant Mastercard

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Mon, 3/05/2021 - 17:30
Ethereum Is Now Worth More Than Finance Giant Mastercard
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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. 

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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.   

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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.           

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