Ethereum has risen to become the 50th most valuable asset surpassing key company stocks like Walt Disney, Cisco, Astrazeneca, Alibaba, and T-Mobile.
The ranking by Companiesmarketcap.com indicates that Ethereum is currently valued at a market cap of $195.5 billion while Walt Disney is just below at a valuation of $193.15 billion.
#Ethereum ranked among the top 50 most valuable assets and companies globally beating Walt Disney, Morgan Stanley, Adobe, Netflix, IBM among other companies pic.twitter.com/v6LO9XA8wC
— BitKE (@BitcoinKE) October 30, 2022
Market Cap is described as the value of a publicly listed company. In most cases, it can be easily calculated by multiplying the share price by the number of outstanding shares.
Ethereum has joined Bitcoin (valued at valued at $399.42 billion) as the only other cryptocurrency in the top 50 most valuable assets with Bitcoin ranked 14th in the list, just above Walmart and below Visa.
Gold is the most valuable asset in the world right now with a market capitalization reaching $10.876 T and is priced at $1,648. Below gold, we have Apple, Saudi Aramco, Alphabet(Google), and Microsoft finishing the top 5.
Below is the full list of the top 50 most valuable assets:
- Gold
- Apple
- Saudi Aramco
- Microsoft
- Alphabet (Google)
- Silver
- Amazon
- Tesla
- Berkshire Hathaway
- UnitedHealth
- Exxon Mobil
- Johnson $ Johnson
- Visa
- Bitcoin
- Walmart
- JP Morgan Chase
- SPDR S&P 500 ETF Trust
- Chevron
- Nvidia
- Eli Lilly
- palladium
- LVMH
- TSMC
- Procter % Gamble
- Mastercard
- Home Depot
- Nestle’
- Bank of America
- Roche
- Samsung
- Meta Platforms (Facebook)
- Pfizer
- Coca Cola
- AbbVie
- Merck
- Tencent
- Pepsico
- Novo Nordisk
- Platinum
- Kweichow Moutai
- Costco
- Oracle
- Reliance Industries
- McDonald
- Shell
- ICBC
- Thermo Fisher Scientific
- Ethereum
- ASML
- Walt Disney
At the time of writing (Oct 30, 2022), Ethereum is priced at $1,622 up 25%.
Ethereum Last 7 Days
Similarly, the price has increased by 25% in the last 2 weeks, and 21% in the last 1 month despite little price activity following its full transition to Proof of Stake on September 15, 2022, which introduced a new era for the smart contracts network.
The transition was the most significant change on the blockchain’s infrastructure since it was started in 2013 as it cut its energy consumption by almost 99.9% while also setting the stage for further efficiency improvements.
Still, a few days following the transition concerns emerged that 2 nodes were dominating the new POS network.
