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Ethereum's $400 billion market value makes it bigger than all but 12 publicly traded companies

Published by Business Insider on Tue, 04 May 2021


<p><img src="https://static5.businessinsider.com/image/5f77590b74fe5b0018a8ec2b-2400/2020-03-26t134230z_2_lynxmpeg2p0oc_rtroptp_4_usa-stocks.jpg" border="0" alt="FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson" data-mce-source="Reuters"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>Ether's 370% rally in 2021 had made the meme-based cryptocurrency worth $400 billion.</strong></li><li><strong>These are the 12 remaining companies that are still worth more than ether.</strong></li><li data-stringify-indent="0"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest'utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener noreferrer" data-stringify-link="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell" data-sk="tooltip_parent"><strong data-stringify-type="bold">Sign</strong><strong data-stringify-type="bold">&nbsp;</strong><strong data-stringify-type="bold">up</strong><strong data-stringify-type="bold">&nbsp;here for our daily newsletter, 10 Things Before the Opening Bell.</strong></a></li></ul><hr><figure></figure><p>The market value of <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a>, the digital currency tied to the Ethereum blockchain, is now worth more than <a href="https://markets.businessinsider.com/stocks/wmt-stock">Walmart</a>.</p><p>Ether jumped more than 10% to record highs on Tuesday, bringing its year-to-date rally to 370% and its market valuation to just over $400 billion. Ether touched a record high of just under $3,500, at $3,485.&nbsp;</p><p>Ether is the go-to medium of exchange in the digital marketplace, especially for non-fungible tokens and other forms of digital art. The surge higher has left bitcoin behind in recent weeks, and Ark Invest on Monday <a href="https://markets.businessinsider.com/currencies/news/ethereum-analysis-3-reasons-ether-hitting-record-highs-ark-invest-2021-5-1030380065">laid out three reasons why the cryptocurrency has surged higher.</a></p><p>These are the 12 publicly traded companies that are still worth more than ether's $400 billion market valuation, based off of Monday's closing prices.</p><p><strong>12. Johnson &amp; Johnson</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/jnj-stock">JNJ</a><br><strong>Market Cap: $439 billion</strong></p><p><img src="https://static2.businessinsider.com/image/6091480834af8d001859abb0-2200/johnson and johnson covid vaccine.jpg" border="0" alt="johnson and johnson covid vaccine" data-mce-source="Thiago Prudncio/SOPA Images/LightRocket via Getty Images" data-mce-caption="Johnson &amp; Johnson's coronavirus vaccine is delivered as a single shot, while both Pfizer and Moderna's require two jabs."></p><p><strong>11. JPMorgan Chase &amp; Co.</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/jpm-stock">JPM</a><br><strong>Market Cap: $469 billion</strong></p><p><img src="https://static1.businessinsider.com/image/609147f034af8d001859abaf-2000/2017-11-13T200827Z_241914803_RC176BF30BD0_RTRMADP_3_NEW-YORK-PROTEST.JPG" border="0" alt="JPMorgan" data-mce-source="Amr Alfiky/Reuters"></p><p><strong>10. Visa</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/v-stock">V</a><br><strong>Market Cap: $504 billion</strong></p><p><img src="https://static5.businessinsider.com/image/609147d434af8d001859abae-1024/Roberto Machado Noa:LightRocket via Getty Images.jpg" border="0" alt="visa cards" data-mce-source="Roberto Machado Noa/LightRocket via Getty Images"></p><p><strong>9. Taiwan Semiconductor</strong></p><p><strong>Ticker: </strong><a href="https://markets.businessinsider.com/stocks/tsm-stock">TSM</a><br><strong>Market Cap: $555 billion</strong></p><p><img src="https://static3.businessinsider.com/image/609147bc34af8d001859abad-2400/2020-06-22t103212z_1_lynxmpeg5l0sz_rtroptp_4_tsmc-agm.jpg" border="0" alt="FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan, Aug. 31, 2018. REUTERS/Tyrone Siu/File Photo" data-mce-source="Reuters" data-mce-caption="FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu"></p><p><strong>8. Alibaba</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/baba-stock">BABA</a><br><strong>Market Cap: $633 billion</strong></p><p><img src="https://static3.businessinsider.com/image/5f4f94ca7ed0ee001e25cf0c-1000/5ef577593ad86135b904a8a3.jpeg" border="0" alt="Alibaba" data-mce-source="Reuters"></p><p><strong>7. Tesla</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/tsla-stock">TSLA</a><br><strong>Market Cap: $657 billion</strong></p><p><img src="https://static1.businessinsider.com/image/60914781f22c6b00185db6db-2400/Tesla Shanghai China Factory .jpg" border="0" alt="Tesla Shanghai China Factory " data-mce-source="Xinhua/Ding Ting via Getty Images" data-mce-caption="Tesla TKed Wall Street's expectations."></p><p><strong>6. Berkshire Hathaway</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/brk-b-stock">BRK.B</a><br><strong>Market Cap: $678 billion</strong></p><p><img src="https://static2.businessinsider.com/image/6091475c34af8d001859abab-2000/Buffett_UNL.jpg" border="0" alt="Buffett_UNL" data-mce-source="University of Nebraska-Lincoln" data-mce-caption="Warren Buffett"></p><p><strong>5. Facebook</strong></p><p><strong>Ticker:</strong><a href="https://markets.businessinsider.com/stocks/fb-stock">FB</a><br><strong>Market Cap: $929 billion</strong></p><p><img src="https://static3.businessinsider.com/image/60914734f22c6b00185db6d9-2400/facebook apps.jpg" border="0" alt="facebook apps" data-mce-source="SOPA Images/Getty Images"></p><p><strong>4. Alphabet</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/googl-stock">GOOGL</a><br><strong>Market Cap: $1,644 billion</strong></p><p><img src="https://static5.businessinsider.com/image/6091472134af8d001859aba9-2000/Google HQs.jpg" border="0" alt="Google HQs" data-mce-source="Justin Sullivan/Getty Images" data-mce-caption="Google headquarters in Mountain View, California."></p><p><strong>3. Amazon</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/amzn-stock">AMZN</a><br><strong>Market Cap: $1,709 billion</strong></p><p><img src="https://static2.businessinsider.com/image/6091470ef22c6b00185db6d8-1024/6c7b53d3-86ac-4f0b-961c-12a7feda6c60.JPG" border="0" alt="Amazon Fresh UK store" data-mce-source="Kate Duffy" data-mce-caption="Amazon Fresh UK store"></p><p><strong>2. Microsoft</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/msft-stock">MSFT</a><br><strong>Market Cap: $1,899 billion</strong></p><p><img src="https://static1.businessinsider.com/image/609146f4f22c6b00185db6d7-2400/Microsoft..jpg" border="0" alt="Microsoft." data-mce-source="Cindy Ord/Getty Images" data-mce-caption="Microsoft delivers strong earnings." data-link="https://www.gettyimages.com/detail/news-photo/people-wearing-protective-masks-walk-by-a-microsoft-retail-news-photo/1263740108'adppopup=true"></p><p><strong>1. Apple</strong></p><p><strong>Ticker:</strong> <a href="https://markets.businessinsider.com/stocks/aapl-stock">AAPL</a><br><strong>Market Cap: $2,259 billion</strong></p><p><img src="https://static2.businessinsider.com/image/5fd8886d2069f400194c7c33-2400/GettyImages-1281716090.jpg" border="0" alt="iPhone 12 Apple iPhone 12 Pro" data-mce-source="Don Arnold/WireImage/Getty Images"></p><p><a href="https://markets.businessinsider.com/currencies/news/ethereum-price-400-billion-market-value-bigger-all-but-13-companies-2021-5-1030385257#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-symphony-seas-worlds-largest-cruise-ship-deals-with-waste-2020-3">How waste is dealt with on the world's largest cruise ship</a></p>
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