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Ether Touches $500B Market Cap for First Time, Overtaking JPMorgan and Visa

The milestone came as ether hit an all-time high of over $4,370.

Автор Jamie Crawley
Обновлено 14 сент. 2021 г., 1:47 p.m. Опубликовано 12 мая 2021 г., 11:10 a.m. Переведено ИИ
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Ether , the native cryptocurrency of the Ethereum network, passed the market cap milestone of $500 billion Wednesday morning.

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  • Ether's total value climbed as high as $505 billion before pulling back slightly, according to CoinMarketCap data, surpassing financial behemoths JPMorgan ($480 billion) and Visa ($496 billion).
  • The milestone came as the cryptocurrency's price hit an all-time high of $4,371, per CoinDesk 20 data.
  • At press time, ETH is priced at $4,262 with a market cap of $493.65 billion.
  • Bitcoin (BTC) passed the $500 billion milestone in late December 2020 before hitting $1 trillion in February 2021. So ether's market cap is now approaching the 50% mark of bitcoin's.
  • Greg Magadini, CEO of Genesis Volatility, has described a $1 trillion ETH market cap as a "no brainer."
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See also: Market Wrap: Yearn, EOS Rise Over 30% While Ether and Bitcoin Eke Out Small Gains

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