Ethereum beat Mastercard in capitalization
Ethher (ETH), the native cryptocurrency of Ethereum, surpassed Mastercard market capitalization.
Yesterday, August 11, ETH reached a price of $ 4,335 and registered a market capitalization of 524,820 million dollars, while that of the Global Payment Processing Giant exceeds 516,880 million dollars.
At the time of this publication, ETH has receded some positions in the ranking and is in 24th place, while Mastercard occupies 22. But, if the ETH rise persists, the cryptocurrency could recover ground.
It is worth clarifying that Market capitalization is an important metric to know the size and the importance of an asset, as Cryptonoticia explained. It is obtained by multiplying the current price by the number of units in circulation.
Thanks to its good price yield, Ether is close to overcoming Visa, another giant for payment processing in the traditional financial system, whose market capitalization is 651,690 million dollars.
To overcome Visa, Ethereum’s native currency should be $ 5.401. That is, it should exceed its historical maximum (ATH) of $ 4,890, reached in 2021.
The comparison of ETH with Mastercard and Visa arises because they are all infrastructure to move money: Ethereum in the decentralized world, while Visa and Mastercard operate as two of the main payments of payments worldwide.
The good ETH price yield is due, to a large extent, to the institutional boom for this asset. At the moment, There are more than 3 million ETH in the hands of companiesDAO protocols, foundations and governmental entities.
