Ether Tops Market Caps of Bank of America and Disney

[Baron]

Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses like non-fungible tokens or NFTs.

The 10% gain was the biggest in two months, and the new all-time high price of $3,253 came just hours after the market topped $3,000 for the first time. Ether, the second-largest cryptocurrency by market cap, has risen for nine straight days, its longest winning streak since the bull market of late 2017 and early 2018. The ether price has quadrupled just this year alone, outperforming bitcoin (BTC), the largest cryptocurrency, which has doubled.

Ether now has a market capitalization of $364 billion, exceeding that of Bank of America, the largest U.S. bank, as well as that of the entertainment giant Walt Disney and food conglomerate Nestle.

 

[RedDuke]

Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses like non-fungible tokens or NFTs.

The 10% gain was the biggest in two months, and the new all-time high price of $3,253 came just hours after the market topped $3,000 for the first time. Ether, the second-largest cryptocurrency by market cap, has risen for nine straight days, its longest winning streak since the bull market of late 2017 and early 2018. The ether price has quadrupled just this year alone, outperforming bitcoin (BTC), the largest cryptocurrency, which has doubled.

Ether now has a market capitalization of $364 billion, exceeding that of Bank of America, the largest U.S. bank, as well as that of the entertainment giant Walt Disney and food conglomerate Nestle.

Mind boggling what blind faith and manipulation can achieve. At this stage .com is walk in the park. One month ago it was around 1.5 k. 180 billion capitalization added over last 30 days based on what ....

 

[Baron]

based on what

Based on the fact that it's one of the most game-changing technologies in the history of mankind.

 

[RedDuke]

Based on the fact that it's one of the most game-changing technologies in the history of mankind.

180 billion worth of a change in just 30 days???

what would happen to our world if Ether or BTC disappears ???? And the answer is nothing.

imagine if internet disappeared in 2005.

so, it probably is not the most changing tech of human history. I think Internet will hold this crown for a very long time.

IMHOO

 

[tsznecki]

180 billion worth of a change in just 30 days???

what would happen to our world if Ether or BTC disappears ???? And the answer is nothing.

imagine if internet disappeared in 2005.

so, it probably is not the most changing tech of human history. I think Internet will hold this crown for a very long time.

IMHOO

This has got to be one of the dumbest posts I ever have read. If the Internet disappeared in 2005 you wouldn't be here at ET posting online now. Are you sure your parents not are related?

 

[newwurldmn]

Based on the fact that it's one of the most game-changing technologies in the history of mankind.

the technology is game changing, but how does one monetize that by owning the coin?

 

[johnarb]

...180 billion capitalization added over last 30 days based on what ....

Perhaps Ethereum was undervalued given its role in a $2T+ cryptos ecosystem and catching up now?

...I think of Ethereum as the L1 financial system for most of the cryptos ecosystem facilitating the onramp and distribution of fiat-denominated values throughout, by means of stable coins and other erc-20 tokens, plus erc-721 tokens for NFT's

Ethereum is like the cardiovascular system of all cryptos, imho

 

[RedDuke]

This has got to be one of the dumbest posts I ever have read. If the Internet disappeared in 2005 you wouldn't be here at ET posting online now. Are you sure your parents not are related?

dude are you too dumb to understand my post????

my point is that cryptos are not the most important tech invention, where internet was.

2005 Internet was 10 years old (for majority of people) about where cryptos are today. How can cryptos be so important if their disappearance would have barely any effect for most people??? Life will go on. On the contrary if internet disappeared 10 years after its wide usage, our society would suffer unimaginable consequences.

 

[johnarb]

the technology is game changing, but how does one monetize that by owning the coin?

Ethereum is improving the SoV and value proposition of the coin. As the base token for the Ethereum blockchain, eth is the native currency for all of the defi on Ethereum

PoS will be a major improvement to the tokenomics of holding the Eth token as well as deflationary plans for the supply (i.e. Eth 2.0)

 

[tsznecki]

dude are you too dumb to understand my post????

my point is that cryptos are not the most important tech invention, where internet was.

2005 Internet was 10 years old (for majority of people) about where cryptos are today. How can cryptos be so important if their disappearance would have barely any effect for most people??? Life will go on. On the contrary if internet disappeared 10 years after its wide usage, our society would suffer unimaginable consequences.

Don't try to change the subject when I called you out on your bullshit.

https://en.wikipedia.org/wiki/Histo...89–2004:_Rise_of_the_global_Internet,_Web_1.0

You said in 2005 the internet was 10 years old? Read ^ above you if you are even able to read at the level of a 5 year old. The public facing internet was 1989. 2005?

Now I'm sure not only are your parents related, at least one answers to "Good doggy".