Ethereum

Coin

<ul class="news-points">
 <li>Ethereum has now surpassed Mastercard’s market valuation by around $15B.</li>
 <li>This comes after ETH soared by 20% amid optimism about spot ETF approval.</li>
 <li>If ETH cracks its ATH $4,891, its market cap will exceed that of Visa by $17B.</li>
</ul>
In a significant development, Ethereum, the second-largest cryptocurrency by market capitalization, has eclipsed the market valuation of Mastercard, a global leader in payment processing.
According to recent data, Mastercard’s <a href="https://companiesmarketcap.com/mastercard/marketcap/" target="_blank" rel="noopener noreferrer nofollow">market capitalization</a> stands at $427.3 billion, reflecting a modest decline of 0.13% over the past 24 hours. Meanwhile, Ethereum’s market capitalization now exceeds $441.8 billion.
This surge comes after Ethereum’s price rallied by over 20% within the last few hours, reaching a two-month high of $3,714. While Ethereum has experienced a slight correction, settling at $3,678 at the time of writing, its market valuation remains comfortably ahead of Mastercard’s by $14.5 billion.
<img decoding="async" src="https://lh7-us.googleusercontent.com/zIPdiVUStB7ScPCb49IHfyg-L4s-S47zUl406jllxXBhKJae7V5DHYSzv6iVa6vRHWOVtmfsZ4aEIDjDvYsEphSIcvugQ3NLqhJpIuF4Y35-MvN9IvqhDcfRx1ZuX4JTZnA2CC4Y0OuHe7slPX1xQV4" width="624" height="157">ETH market statistics | CoinMarketCap
The significant uptick in Ethereum’s price can be partly attributed to <a href="https://coinedition.com/green-light-for-ethereum-etfs-analyst-says-odds-are-looking-up/" rel="noopener noreferrer nofollow">growing optimism</a> surrounding the SEC’s approval of pending applications for Ethereum spot ETFs.
Specifically, the SEC ha…
The post <a href="https://coinedition.com/ethereum-flips-mastercard-in-market-cap-eyes-on-visa-next/" rel="noopener noreferrer nofollow">Ethereum Flips Mastercard in Market Cap, Eyes on Visa Next</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Flips Mastercard in Market Cap, Eyes on Visa Next

Coin Edition

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