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10 May 2021

Ethereum hits $3,000 for the first time, now larger than Bank of America

Ethereum hits $3,000 for the first time, now larger than Bank of America


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The surge has helped Ethereum overtake institutions such as The Walt Disney Company and Bank of America in terms of total market cap.

By comparison, Bitcoin is presently sitting at a $1.079 trillion market cap, right below the total market cap of the precious metal silver at $1.416 trillion and above social media company Facebook at $923.12 billion.

David Hoffman, a host for the Ethereum educational media company Bankless, has equated the various initiatives to the equivalent of three separate “halvenings,” an event that takes place roughly every four years where the Bitcoin block subsidy is slashed by half

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cointelegraph.com
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