Ethereum's Market Cap Increase Yesterday Nearly Matches the Total Market Cap of SOL Token, Gap May Continue to Widen
PANews reported on May 22, according to CoinDesk, TradingView data shows that the price of Ethereum surged by more than 19% on Monday, increasing its market value by $70 billion, bringing the total market value to $439 billion. This is equivalent to nearly 90% of SOL's market value added in just one day. Analysts suggest that with the potential launch of a spot ETF, the gap between Ethereum and its competitors like SOL will widen in the coming months, as this will make Ethereum more favored by mainstream institutions. So far, only Bitcoin has enjoyed such a privilege.
As of press time, Ethereum is the world's second-largest digital asset, with a market value of $453 billion, second only to Bitcoin's $1.38 trillion. Meanwhile, Solana ranks fifth with a market value of $82 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NXPC opened at $3.29 and is currently quoted at $3.0566
Hyperliquid has launched NXPC contracts
The proposal to "airdrop USD1 to WLFI holders" has been approved
Japan’s carmakers are expecting $19 billion in losses from US tariffs
Share link:In this post: Japan’s biggest carmakers expect over $19 billion in losses from US tariffs on imported vehicles and parts. Major brands like Toyota, Nissan, and Honda are cutting investments and shifting production plans while hoping for trade negotiations. Nissan faces the hardest hit with deep job cuts and plant closures while still seeking financial support after failed merger talks.
Trending news
MoreCrypto prices
More
