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Ethereum Now On the List of Top 100 World’s Assets by Market Cap

Ethereum (ETH) now has a place in the top 100 assets by market cap, ranked 94th with $135 billion, between Amgen and Wells Fargo. The asset broke into the top 100 on Jan 7., as it attempts to reach its previous all-time high of $1,432. 

  • ETH has experienced a significant rally in the past 7 days, growing by nearly 60%; this has boosted the market cap to its current level
  • Ethereum’s market cap may have more room for growth as the market bull run shows no signs of abating and ETH itself being short of its all-time high
  • ETH crossed the $1,200 mark for the first time during the last major rally in Jan. 2018
  • Bitcoin is also on the list, at the considerably higher position of 11, with a market cap of $693 billion at the time of publishing
  • The price rise is accompanied by heavy institutional investment and market developments, like the milestone launch of ETH 2.0; the CME Group will also launch ETH futures in Feb. 2021
  • The tracker measures companies’ and assets’ market caps against each other, though it is a rough metric to compare the value of various assets
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