$ETH Ethereum Soars, Its Market Capitalization Surpasses Nestle-Toyota

Ethereum's (ETH) market capitalization rose after its price hovered around the US$2,300 level. Citing data from Companies Market Cap, on Friday (09/05) afternoon, Ethereum ranked 36th as the largest asset in the world, far surpassing platinum, Nestle shares, Samsung, and even Toyota.

Ethereum showed significant growth with a 23.4% increase in the last 24 hours and its market capitalization reached US$291 billion.

Moreover, if the surge continues, it is not impossible for Ethereum to surpass the positions of Alibaba, Coca-Cola, and Bank of America, which are currently sitting above Ethereum.

Interestingly, alongside Ethereum, at the same time, Bitcoin (BTC) as the 5th largest asset in the world also managed to surpass the market values of Amazon, Alphabet (Google), and silver.