PANews reported on January 31 that, according to the latest data from 8MarketCap, due to the decline in Ethereum's price, its ranking in global asset market capitalization has dropped rapidly by seven places. It has now fallen out of the top 50 global asset market capitalization rankings, ranking 56th, behind companies such as Coca-Cola. Data shows that Ethereum's market capitalization has dropped to approximately $304.06 billion, a 24-hour drop of 8.62% and a 7-day drop of 14.71%.