The number two ranked digital asset of Ethereum (ETH) has a 6% chance of hitting $5k by June of his year. The probability of such an Ethereum event occurring was shared by the team at Skew through the following chart
. The team at Skew uses ETH options data to calculate the chances of a price level getting reached.From the chart, it can be observed that all three data sets in the graph, seem to converge at the $3k price area. From the chart, it can be estimated that the chances of Ethereum hitting $3k
by the time options expire in June, September and December, stands at roughly 40%.At the time of writing, Ethereum is trading at $2,780 and only $280 away from the aforementioned target. Also to note, is that ETH has maintained a value above the two crucial support zones of $2,500 and $2,700. If these two price areas continue to hold during the monthly close and the expiration of ETH options later today, the month of May will kick off at a bullish pace for Ethereum.
In terms of market capitalization, Ethereum at $322.614 Billion is now more valuable than Paypal
. The latter payment processing company has a market cap of $314.52 Billion and is currently ranked 27th on CampaniesMarketcap.com.If Ethereum maintains its current bullish trajectory, it will go on to exceed the market cap of Walt Disney ($336.42 Billion), Bank of America ($353.12 Billion), Mastercard ($386.36 Billion) and even Walmart ($392.84 Billion).
In the short term, and with the assumption that $3k will be hit in the next week, Ethereum would have a market cap of $347 Billion and thus succeed at exceeding that of Walt Disney.