It didn’t take long for Ethereum to join the Bitcoin run. Meanwhile, the price per ETH is already more than $1,200. The coin isn’t too far from another all-time high. In addition, the coin has reached another important milestone and is now in the list of the top 100 most valuable assets in the world.
Ethereum & Bitcoin: How ETH Follows Suit
After Bitcoin started a rally last year, which will continue this year, the second-largest cryptocurrency by market cap has followed suit. The cryptocurrency created in 2013 has grown by more than 125% in the last 30 days, of which more than 70% in the last seven days.
Overall, Ethereum clearly outperformed Bitcoin by 2020. The price was only around $130 at the beginning of last year. By the end of 2020, however, an Ether was already worth more than $700. Although the development so far has been extremely positive, numerous experts assume that this trend will continue.
Quite recently, the total capitalization of all cryptocurrencies exceeded the trillion mark for the first time and Ethereum has a market cap of more than 144 billion. Ethereum can boast of an extremely successful start in the new year, and experts already predict a target price of $2,000. Given the recent growth, there’s a good chance of further price increases.
What Are the Top 100 Assets?
The recent growth has also ensured that Ethereum made it to the top 100 list of assets. The top 100 assets show how much capital in total corresponds to the respective asset. Different companies, ETFs, cryptocurrencies, and precious metals appear as assets on this list. Gold is by far the largest asset, but Bitcoin has recently become a top 10 asset.
The only other precious metal on the list is silver in sixth place. Apple is the first company in second place. There are a total of six US companies in the top 10. Ethereum enters the top 100 list for the first time and is already in 89th place with an upward trend. If growth continues at the same rate, the cryptocurrency should certainly get ahead.
Ethereum is also featured in AssetDash’s ranking. However, this ranking excludes precious metals. However, it’s noteworthy that a cryptocurrency has already overtaken companies of global relevance such as Morgan Stanley, Citigroup, or UPS in terms of capitalization.
Why Is Ethereum Rising so Rapidly?
Ethereum has long been an alternative for investors interested in investing in cryptocurrencies. Although the cryptocurrency is less well known than Bitcoin, it has some advantages over its main competitor. In the course of last year, it became clear what potential it has.
A certain correlation between Bitcoin and altcoins was apparent in the past. In fact, on numerous occasions, the price of Bitcoin increased and other cryptos followed suit. Today, this is also relevant if we take into account that other cryptos such as Litecoin and Cardano have also grown significantly.
What do you think about recent Ethereum price increases? Feel free to share your thoughts in the comments!