Hello. The cryptocurrency market has grown rapidly and surprisingly in recent years and I am not saying this just because of how it has raised capital worldwide, I am saying it because of the number of projects that have accumulated billions of dollars in a very short time.
So much so that they can be compared with large and recognized companies in the world, for example, a meme cryptocurrency can have the same value as one of the most important car brands in the world, so the capacity and acceptance that investors have for it is surprising. the cryptoactives and the project that is carried out in the different blockchains.
Bitcoin at the time became among the top 8 assets globally in 2021 when it reached its highest point when it was only surpassed by gold, silver and other companies such as Google and Amazon surpassed bitcoin in 2021 But thanks to the bear market, the location of bitcoin has dropped to the 18th position of the most valuable assets in the world.
Ethereum outperforms McDonald's and Toyota
If we compare here in CoinMarketCap and in companiesmarketcap. Ethereum, which is the second cryptocurrency with the largest capital in the cryptocurrency market, Lo that it is easy for us to compare since it has an accumulated capital of almost 190,000 million dollars in accumulated capital and is ranked number 56 of the most valuable assets in the world.
Ethereum with its market capitalization has the same value as the fast food chain McDonald's which has a cumulative value of (195,000 million). In addition, it also surpasses the vehicle manufacturer Toyota, which has an accumulated value of about 185,000 million).
To all these, the confidence that investors are giving to cryptocurrencies has increased over the years, despite the fact that there are projects that have nothing that can support a project, investors give their developers a vote of confidence.
Post writer by @nano-gamer