Ethereum

Merge

Standard

<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>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 <a href="https://twitter.com/RyanSAdams/status/1713582377807589743" target="_blank" rel="noopener noreferrer nofollow">called</a> the “ultimate bottom signal.”</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="420" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-1024x420.png" alt="" class="wp-image-356628" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-1024x420.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-300x123.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-768x315.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-1536x630.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-2048x840.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-366x150.png 366w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-100x41.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-853x350.png 853w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403-788x323.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-403.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>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.</p>
<p>For now, Ethereum remains firmly among the top assets globally. But as crypto volatility persists, its ranking versus corporate stalwarts faces an uncertain future.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/ethereums-ultimate-bottom-signal-exposed-by-top-advocate/">Ethereum’s Ultimate Bottom Signal Exposed by Top Advocate</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum’s Ultimate Bottom Signal Exposed by Top Advocate

Table of Contents

CaptainAltcoin

Other articles published on Oct 16, 2023

US Military Stocks Experience a $100 Billion Wipe Out in 2023

Ripple Achieves New Milestones in its Blockchain Journey

UK Urged to Boost AI Development through Legislation and Tax Breaks

Palestinian jihadists received USDT via Binance, says Israel

Forex Brokerage Uncovered: Finding Your Partner In Currency Trading

ProShares gets ready to introduce a novel ETF with a short ether strategy.

Join our free newsletter for daily crypto updates!