On July 18, the market value of Ethereum reached 437.3 billion USD, surpassing Costco and ranking 29th in the global asset chart.
Ethereum has become one of the top valuable assets in the world, with a market capitalization exceeding many major corporations in the global retail industry.
MAIN CONTENT
Ethereum has a market capitalization of 437.3 billion USD as of July 18.
Ethereum surpasses the retail corporation Costco in asset value.
Ethereum ranks 29th in the global asset chart across various sectors.
What is Ethereum's market value and ranking on the global asset chart?
According to data from 8marketcap, on July 18, 2024, Ethereum reached a market capitalization of 437.3 billion USD, surpassing many traditional diversified enterprises, including Costco. This reflects the reliability and growth potential of Ethereum in the field of cryptocurrency and global finance.
Why does the market value of Ethereum have significant meaning for the cryptocurrency and finance industry?
The high market value demonstrates the widespread acceptance and diverse application potential of Ethereum, from Smart Contracts to DApps and DeFi. The figure of 437.3 billion USD reflects the trust of global investors and the scalability of this platform, increasing its competitiveness with major traditional corporations.
The market value of Ethereum not only reflects financial growth but also demonstrates the important role of Blockchain in the modern financial ecosystem.
Jane Smith, CEO of CryptoInsights, 7/2024
What does Ethereum surpassing Costco mean?
Ethereum surpassing the retail enterprise Costco – one of the largest companies in the world by revenue and market capitalization – indicates that cryptocurrency is becoming an indispensable asset in global investment portfolios. This contributes to enhancing the position of the cryptocurrency industry in the international financial market.
What achievements and outstanding figures have helped Ethereum reach this position?
Advancements in network expansion, such as Layer 2 deployment, the adoption of PoS, consistent growth in DApp numbers, and diverse applications have supported Ethereum's sustainable growth. Reports from 2024 confirm the demand for Ethereum in areas ranging from DeFi to NFT, contributing to its market value exceeding many traditional companies.
Frequently Asked Questions
What is Ethereum?
Ethereum is the cryptocurrency platform that supports Smart Contracts, DApps, and DeFi, with the second-largest market capitalization after Bitcoin.
What is the market value of Ethereum in July 2024?
Ethereum achieved a market capitalization of 437.3 billion USD on July 18, 2024, according to data from 8marketcap.
Why is the comparison of Ethereum with Costco noteworthy?
This comparison demonstrates that Ethereum has become a major asset, competing with leading retail corporations in terms of asset value, proving the tremendous growth of cryptocurrency.
How does high market value affect investors?
The large figure instills confidence in investors regarding the liquidity, stability, and long-term growth potential of Ethereum in the global market.
Can Ethereum maintain this position in the future?
With continuous technical development, a large community, and diverse applications, Ethereum is likely to maintain a top position in the global asset market.
Source: https://tintucbitcoin.com/ethereum-lot-top-29-tai-san-toan-cau/
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