Ethereum ($ETH), the flagship altcoin, has ultimately outcompeted the prominent payment platform Mastercard. As per the data taken from Companies Market Cap website, Ethereum’s ($ETH) market capitalization has surpassed Mastercard by claiming the $568.06 billion mark. As the crypto trader mentioned on social media, the transaction volume of Ethereum ($ETH) also outperformed Mastercard back in the year 2024. Overall, this milestone highlights Ethereum’s growing scalability and utility.
Ethereum Market Cap Overtakes Mastercard
The market data points out that the total market capitalization of Ethereum ($ETH) now stands at $568.06B, which is above Mastercard’s $541.46B. At the same time, the top altcoin has recently claimed an exclusive all-time high price level of $4,870. This bullish performance indicates the rising adoption of the crypto asset among the institutional investors.
At the moment, Ethereum ($ETH) is changing hands at $4,718.35. This price level denotes a stunning 9.59% increase over the past twenty-four hours. A driving force behind this upward trajectory was the recent statement from the U.S. Fed Chairman concerning potential rate cuts. The respective statement reportedly drove market-wide optimism, with altcoins taking the lead.
Now, as Ethereum ($ETH) has also surpassed Mastercard, it appears to soon achieve further landmarks. Simultaneously, when it comes to Ethereum’s comparison with Mastercard, another notable development has already occurred back in 2024. Hence, during that year, the transfer volume of Ethereum reportedly pushed Mastercard behind with remarkable statistics. Keeping this in view, Ethereum ($ETH) is rapidly getting wider traction within the mainstream financial sector. Complementing this, the Ethereum network has been making noteworthy advancements to facilitate consumers and drive innovation.
Flagship Altcoin Claims New ATH at $4,870
Ethereum’s spike above Mastercard in the case of market cap underscores its growing influence in the market. Apart from that, attaining the $4,870 mark as the new ATH is another significant development. This price rise, a massive breakout above Ethereum’s former peak price level that it seen in November 2021.
