Ethereum’s market capitalization reached $519.48 billion, surpassing Mastercard’s $519.19 billion, securing the 22nd spot in global asset rankings.
ETH price rose 6.99% to $4,300, capping a 30-day rally driven by institutional interest, strong trading volumes, and network growth.
Expanding decentralized finance and NFT activity, along with upcoming scalability upgrades, positions Ethereum for further advancement in global asset rankings.
Ethereum’s climb up the global rankings continues, with the cryptocurrency moving past Mastercard to secure the 22nd spot among the largest assets worldwide.
Ethereum Edges Past Mastercard in Market Value
Ethereum’s market capitalization has reached $519.48 billion, just ahead of Mastercard’s $519.19 billion. At the latest check, ETH traded at $4,300, marking a 6.99% daily gain. The advance caps a strong 30-day rally marked by consistent price increases and repeated higher highs.
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Mastercard maintains its position as a worldwide payments industry leader while ranking beneath Ethereum in current standings. The recent change shows that blockchain assets are becoming more competitive against traditional corporate powerhouses in the industry.
Institutional Demand and Expanding Ecosystem
Ethereum’s valuation is being supported by increasing institutional participation, especially in spot exchange-traded funds. Trading volume over the past 24 hours stood at $38.09 billion, showing sustained market activity. Growth in decentralized finance (DeFi) and non-fungible token (NFT) sectors continues to boost demand for the network.
The blockchain hosts a diverse range of decentralized applications, offering solutions that differ from centralized financial systems. This versatility is helping Ethereum maintain its momentum in market rankings.
Path Ahead in Global Asset Rankings
Upgrades focused on scalability and network efficiency are expected to further reinforce Ethereum’s capabilities. These improvements, alongside expanding adoption across various industries, may help it climb further among the world’s most valuable assets.
Moving past Mastercard represents a key moment in Ethereum’s trajectory. With growing utility, strong trading activity, and rising institutional engagement, the cryptocurrency continues to secure its place in the upper tier of global assets.
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