In an impact that cryptocurrency has globally, Ether is presently the 24th biggest asset worldwide. By surpassing Walmart, Ether is becoming the greatest asset in the global economy. This extraordinary news comes at a time when cryptocurrencies get more and more attention in the global market.
Ether (known as ETH as well) is the transactional token which enables operations on the Ethereum network.
In few months ago, ETH has surpassed some world-renowned companies in terms of market value. These famous names include Home Depot, JP Morgan, and Walmart.
Walmart is one of the largest companies around the world, with more than 10,500 stores worldwide. Though the company mainly performs in the US, it has more than 2.2 million employees. It would have been unachievable to understand how a cryptocurrency could surpass a large company ten years ago.
Presently, as Ether is the 24th largest asset in the world in terms of market value, it is encouraging to see the dramatic growth of the ETH network.
Thanks to the fame of DeFi and NFT, ETH is advancing at an incredible rate. However, in the coming months, Ethereum will move to ETH 2.0, a new proof-of-stake way. In addition, if Ethereum keeps on evolving and adapting to changing needs, it could become the world’s number one cryptocurrency in the future.
Ultimately, Ether is now the 24th largest asset in the world, but its speed is not slowing down. Nobody knows how high it can go, only time can tell.