Ethereum flips Bank of America in market cap.
This shows ETH’s growing popularity and boosts expectations for higher ETH ATH prices.
Altcoin ETH shows bullish signs for new ATH prices soon.
Bitcoin (BTC) market cap flipped both Google and Amazon not too long ago, and it seems this frenzy is now pulling Ethereum (ETH) up the ranks as well. To highlight, Ethereum flips Bank of America in terms of total market cap. In detail, ETH hit a total market cap of $327,820,000,000, which beat the total market cap of the Bank of America which sits at $326,200,000,000.
Ethereum Flips Bank of America in Market Cap
The popularity of cryptocurrencies continues to surprise the greater masses but not to web3 enthusiasts who saw the inevitable rise of a more trusted financial system. This bull cycle has brought in more crypto adoption than the last cycle, where crypto adoption was just taking flight. Since Bitcoin, the pioneer crypto asset, and Ethereum, the pioneer altcoin asset, both, had a head start, these assets are leading the crypto market.
Recently, the market cap of Bitcoin beat that of both Amazon and Google showing the incredible potential that Bitcoin promises to the masses. This places Bitcoin at rank 5 among the largest assets in the world. Ahead of it awaits Nvidia, Apple, Microsoft, and Gold, and analysts expect Bitcoin to gradually take them all down, as Bitcoin’s demand is only expected to grow while its supply dwindles.
Matching Bitcoin’s lead is Ethereum (ETH), the pioneer altcoin asset was launched soon after Bitcoin (BTC) with a greater vision in mind. Despite its current challenges, Ethereum set off on a wild journey, one that would open a myriad of doors, push the limits of the blockchain experience, and welcome more users into the world of web3. Since its gradual development, ETH now stands as a top contender of its own.
https://twitter.com/Cointelegraph/status/1925748589873037733
Just recently, Ethereum beat the total market cap of the Bank of America, showing resilience and prowess of its own. Although its strength is yet to match that of Bitcoin, the asset is a force to recon with on its own. In detail, ETH’s total market cap of $327,820,000,000, flipped the total market cap of the Bank of America which sits at $326,200,000,000. Indeed, this is a historical moment for altcoins. Perhaps ETH is paving the way for other altcoins to dream big and aim high as well.
ETH ATH ExpectationsWith Ethereum price showing strong momentum, and with its rapid reclaimation of prices over $2,000 and $2,500, the price of ETH is expected to soar even higher until it reclaims its previous ATH price at $4,000. Next, the price of ETH is expected to hit new ATHs of its own this bull cycle, like Bitcoin. These new ATH targets are set at $8,000, $10,000, and $12,000.
