E Point Perfect
Crypto

McDonald’s Beat Ethereum, Again

[ad_1]


article image

Arman Shirinyan

Biggest fast food corporation in world gains lead against second biggest cryptocurrency in world

The FTX drama has not passed unnoticed on the cryptocurrency market, dragging the majority of assets in, including Ethereum. With another plunge below $1,500, Ethereum’s market capitalization has once again dropped below McDonald’s.

The world’s most popular fast-food chain has always held a special place in the cryptocurrency trading and investing community. After the end of every bullrun on the market, the majority of cryptocurrency traders and influencers have to cope with an unstoppable flurry of wisecracks about getting ready to work at McDonald’s.

The joke originated from the fact that the requirements to join the fast-food company are exceedingly low, and a job at the company is available to anyone who wants it. The company itself joined the trend and offered job opportunities to prominent crypto influencers during the crisis on the digital assets market.

However, there is one more battle between McDonald’s and the cryptocurrency industry, which is the battle of capitalizations. Both Ethereum and McDonald’s have matching places on the market. The biggest fast-food corporation in the world has approximately $200 billion, while Ethereum reports $197 billion after the most recent 8% plunge.

Ads

Considering the nature of both entities, Ether can flip McDonald’s at any time, while the corporation’s capitalization will most likely stay at around the same level, due to lower volatility on the stock market.

From a financial or market perspective, capitalization of Ethereum is not relevant and has almost no effect on the second biggest cryptocurrency in the world. As we mentioned in our market reports numerous times, the main reason behind the poor performance of the digital assets market is the strict monetary policy of the United States that pushes investors away from risky assets like cryptocurrencies.



[ad_2]

Source link

Related posts

Here’s Who New Crypto Memeking Is

Crypto Market Review, Dec. 30

Binance CEO Downplays Tesla’s Bitcoin Snub

Cardano Reaches New Milestone: 1760 Days Without Outages

FXS Fake Airdrop Launched as Token Gains 60% in Week

Crypto Market Liquidations Top $220 Million as Bulls Restrategize