$ETH is losing to McDonald's in terms of market capitalization following plunge below $1,500
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.
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
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