On the morning of Saturday, April 10, the second cryptocurrency Ethereum set a brand-new record, achieving a price of $2,200 on the leading spot exchanges. When compared to alternative digital currencies, this has boosted the total market capitalization of Ether to an unfeasible height.
Ethereum has penetrated the top 40 financial entities by market cap according to analytics services that measure the capitalization of global commodities, companies, cryptocurrencies, and ETFs.
With the current price rate of more than $2,144, the market capitalization of Ether (the combined worth of all coins mined so far) is estimated at roughly $249 billion.
Meanwhile, the market capitalization of a production company and streaming service Netflix Inc. is about $245 billion. The petroleum company Exxon Mobil is valued at $236 billion, while the global beverage company Coca-Cola attains a market capitalization of nearly $229 billion.
The most expensive company in the world is the notorious tech giant Apple, with a market cap of $2.22 trillion, followed by the software developer Microsoft with a market cap of $1.95 trillion.
Meanwhile, the market cap of BTC exceeds $1.1З trillion, which stands at 27% higher than Facebook. Furthermore, the flagship cryptocurrency’s total market capitalization just exceeded Mexico’s 2020 GDP.
Ethereum’s overall market capitalization also surpasses the gross domestic product of a few large countries, for example, Portugal ($257 billion GDP for 2020).
We remind that the bullish tendency remains strong as recent data revealed that the amount of ETH held on crypto exchanges is at record low levels.
