The Capitalization of ETH Exceeds That of Bank of China

Ethereum’s market cap has already overtaken some of the largest financial firms.
Bank of China is the 86th most valuable firm in the world by market cap.
Ethereum’s market value has decreased by around 5% as of press time.

The cryptocurrency market has had one of its greatest years as a result of widespread acceptance by institutional and individual investors alike.

Read CRYPTONEWSLAND on

google news

The market capitalization of certain prominent digital assets, such as Bitcoin and Ethereum, has benefited from this, but it also demonstrates the amount of development the industry has seen.

Data readily available indicates that Ethereum’s market cap has already overtaken some of the largest financial firms in the world, including the Bank of China.

The market capitalization of the Bank of China was $119.51 billion as of October 2022. According to our statistics, this places the Bank of China as the 86th most valuable firm in the world by market cap.

On the other side, with a live market cap of $162,486,514,662 USD, the current CoinMarketCap ranking is #2. There are 122,721,167 ETH tokens in circulation, and the maximum supply is not known.

The current price of Ethereum is $1,324.03 USD with a $5,592,867,878 USD 24-hour trading volume. Our real-time ETH to USD conversion price is updated. On the previous day, Ethereum increased by 0.09%.

To put this in perspective, JPMorgan, the largest bank in the world, has been around for the better part of 40 years whereas Ethereum has been around for less than 10 years.

Even though Ethereum’s market value has decreased by around 5% as of press time, it still ranks in the top 15 assets worldwide by market cap, trailing only Facebook Meta, Tesla, Amazon, Bitcoin, Apple, and Microsoft. As of press time, Ethereum’s market worth is around $480 billion.

Recommended News :

Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.