Ethereum’s Ultimate Bottom Signal Exposed by Top Advocate

2023-10-16 17:30

Amid the ongoing cryptocurrency bear market, Ethereum has seen its valuation decline substantially from all-time highs. However, the second-largest blockchain network still boasts a market capitalization greater than that of major global corporations like McDonald’s and Pfizer.

According to data from CoinGecko, Ethereum is currently valued at around $187 billion. While down significantly from its 2021 peak above $500 billion, this market cap keeps Ethereum within the top 15 most valuable assets worldwide.

Ethereum trails just behind scientific firm Thermo Fisher but remains ahead of Chinese oil giant PetroChina. Other major companies edged out by Ethereum include industrial gas leader Linde, pharma titan Pfizer, telecom firm China Mobile, and fast food chain McDonald’s.

Ethereum has faced headwinds like declining network activity and futures ETFs sparking little interest. This has fueled predictions it could drop below the market cap of McDonald’s, which vocal Ethereum advocate Ryan Sean Adams called the “ultimate bottom signal.”

However, some analysts remain highly bullish on Ethereum in the long run. With major upgrades like the Merge now complete, banks like Standard Chartered forecast its native Ether token reaching up to $8,000 within two years.

For now, Ethereum remains firmly among the top assets globally. But as crypto volatility persists, its ranking versus corporate stalwarts faces an uncertain future.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Ethereum’s Ultimate Bottom Signal Exposed by Top Advocate appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3171.61 (+0.05%)
Объем 24H $13.56b
Изменеия 24h: -4.23 %, 7d: -1.31 %
Cегодня L: $3164.03 - H: $3310.62
Капитализация $387.11b Rank 2
Цена в час новости $ 1578.02 (100.99%)

ethereum market capitalization greater boasts still second-largest

ethereum market → Результатов: 126


Ethereum Bullish Revival: Will This Breakthrough Lead To A New Market Phase?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has exhibited a promising technical development, igniting optimism within the crypto community. The formation of a bullish flag pattern within the daily timeframe has captured the attention of analysts and traders, hinting at potential positive movements in the near future.

2023-11-7 14:30


Ethereum Crosses $1,700, But Could Return To Path Of Pain, Expert Says

Ethereum (ETH) took off over the weekend and has extended its gains during today’s trading session. The second crypto by market cap could extend its gains, as “The Merge” becomes a certainty. Related Reading: Market Sentiment Holds Steady As Bitcoin Aims For $24,000 The event that will complete Ethereum’s transition from a Proof-of-Work (PoW) to a Proo-of-Stake (PoS) consensus algorithm, “The Merge” has been set for September 2022.

2022-8-8 21:16