$ETH

Ethereum surpasses Netflix and Mastercard.. and rises to the global big leagues

Ethereum joins the global big leagues, surpassing Netflix and Mastercard.

Experts predict a rise that could reach $20,000 if the momentum continues.

During trading on August 11, Ethereum's market capitalization reached approximately $517 billion, surpassing both Netflix ($516.5 billion) and Mastercard ($514.2 billion), ranking 22nd globally in the list of the largest entities by market capitalization.

This qualitative leap reaffirms that the project launched in 2015 by Vitalik Buterin has become a key player alongside financial and technological giants. It is worth noting that Bitcoin ranks sixth globally with a market capitalization exceeding $2.3 trillion, alongside Alphabet, the parent company of Google.

However, it should be noted that these rankings can change rapidly depending on price movements, which makes maintaining this position require continuous price stability for Ethereum.

Institutional investors open their coffers to Ethereum

The rise of Ethereum is not only due to its price increase of 17% over the week, but also due to the increasing influx of capital from exchange-traded funds (ETFs) targeting it.