According to BlockBeats, Ethereum's market capitalization has reached $438.98 billion, surpassing Mastercard's market value of $437.05 billion. This milestone propels Ethereum to the 24th position among global mainstream assets in terms of market capitalization.
The recent continuous strong performance of Ethereum has contributed to this achievement. Ethereum is the second-largest cryptocurrency by market capitalization, following Bitcoin. Its growing market value highlights the increasing adoption and interest in the cryptocurrency space.
Mastercard, a leading global payment processor, has also shown interest in the cryptocurrency sector. The company announced plans to support select cryptocurrencies on its network in 2021, further emphasizing the growing acceptance of digital assets in the financial industry.