Mar 14, 2023
Bitcoin Flips Meta’s Market Cap
The week has been a tumultuous one for crypto, but despite the recent downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) has managed to rise above tech giant Meta, surpassing its market capitalization.
At the time of writing, Companies Market Cap, a real-time monitoring and ranking platform for cryptocurrencies, public companies, precious metals, and exchange-traded funds, shows that Bitcoin’s market cap has reached $471.86 billion, overtaking Meta’s $469 billion.
Just 24 hours earlier, BTC’s market cap was nearly $37 billion lower than Meta’s, but the cryptocurrency’s market cap rose 9.7% in the past day, pushing it to 11th place among the top assets by market cap, just below electric vehicle maker Tesla.
On Feb. 20, Cointelegraph reported that BTC had flipped the market cap of payment processing giant Visa for the third time in history, putting it just ahead of the payments company.
The gap between the two market caps is now more than $20 billion, though it is still significantly lower than gold, which is in first place with a $12.59 trillion market cap, followed by Apple in second place with a $2.380 trillion market cap.
Bitcoin’s price has also seen an increase of 8.72% in the past 24 hours, currently sitting at $24,441.
The rise of Bitcoin’s market cap has been a boon for those looking to promote their non-fungible tokens (NFTs), as well as crypto projects, through NFT marketing.
NFT marketing is a specialized field, and one of the most effective ways to promote NFTs is through Twitter. Twitter NFT marketing has become increasingly popular, with many NFT marketing agencies offering their services to those looking to sell NFTs.
These agencies are also well-versed in web3 and can help those looking to promote their crypto projects through web3 marketing.
The rise of Bitcoin’s market cap has been a positive sign for the crypto space, and its success could be an indication of a bright future for those looking to promote their NFTs and crypto projects. With the help of NFT marketing agencies, those looking to make their mark in the web3 space can do so with confidence.
Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.
