After Ethereum hit an all time high of $408 exactly a month ago on June 18th, the price has been toppling ever since. At its peak, Ethereum’s market cap was roughly at $35 billion, and was only $3 billion away from surpassing that of Bitcoin.
Today the tables have turned as the crypto market’s jets started working again and every single cryptocurrency in the top 10 has gone up in price. Part of the reason that Ethereum’s price may be rising so fast is because the the Ethereum Alliance just added Mastercard to their group.
The recent announcement stated that the group added more than 34 organizations including Mastercard, the Indian Government, Cisco, and much more. This brings the total membership to just over 150 organizations. The addition of such high quality corporations and groups may be the catalyst Ethereum needs to challenge Bitcoin and possibly take the lead in the crypto market.
