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Ethereum’s market cap surpassed the whole platinum market

  • Posted On - 2021-04-29 13:01:55

Ether (ETH) is making its way to the top 30 most valuable assets in the world, proving that the Ethereum network is going through the supportive bull market.

Ether reached another all-time high of $2,741.78 on Wednesday with a current total market capitalization of over $310 billion now.

Ether is currently the 33rd most valuable asset in the world, as it overtakes the precious metal platinum, according to comparison website CompaniesMarketCap.com.

Ether has been on the roll throughout this year. The second-largest cryptocurrency by market cap has gained over 360% since the starting of the year on the support of a strong bull market, growing crypto and decentralized finance adoption along with optimism about forthcoming Ethereum Improvement Proposals.

Earlier this week, ETH’s price got a supportive boom by news that the European Investment Bank is launching a new “digital bond” offering on the Ethereum network. Ether now represents 15.1% of the overall market for digital assets. Bitcoin (BTC), meanwhile, has seen its dominance fall below 50%.