Ethereum Is Now Worth More Than Finance Giant Mastercard

u.today May 03 2021 18:30, UTC
Reading time: ~1 m

Ethereum, the largest altcoin, keeps setting new peaks throughout the day, logging a new all-time high of $3,293 at 5:12 p.m. UTC on the Bitstamp exchange. 


At nearly $380 billion, Ether's market cap has already surpassed that of financial giant Mastercard.                      

Notably, the company was one of the participants in the $65 million investment round of software development firm ConsenSys that was announced last month.   

Bitcoin trumped Mastercard back in November when it was trading at around $18,000. In March, the leading cryptocurrency went on to surpass the cumulative value of Mastercard and Visa after it hit $61,700.  

The flagship cryptocurrency's rally has since hit the pause button, with its market share now slipping well below the pivotal 50 percent mark.           


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