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A new cryptocurrency surpasses Coca-Cola in market capitalization and shakes the markets

In addition to Bitcoin, another cryptocurrency also surpasses Coca-Cola in market capitalization and positions itself among the 40 most valuable assets in the world

When smart contracts are worth more than the world's most famous soft drink. In a week marked by a remarkable boost in the cryptocurrency market, Ethereum (ETH) has reached a market capitalization of $308.49 billion, surpassing Coca-Cola's $303.54 billion, according to data from CoinMarketCap and CompaniesMarketCap. This milestone positions Ethereum among the 40 most valuable assets globally, ahead of traditional companies like Coca-Cola and Alibaba.

A rise driven by market confidence. In the last week, Ethereum has experienced an increase of more than 40% in its value, while Bitcoin has risen by 11%, reflecting renewed interest in digital assets. Such is the situation that the Fear and Greed Index currently stands at 73, indicating a feeling of "greed" in the market, suggesting a greater willingness among investors to take risks in search of returns.

Ethereum is not just a cryptocurrency

Ethereum is not just a digital currency; it is a platform that enables the creation of smart contracts and decentralized applications (dApps), being fundamental in the ecosystem of decentralized finance (DeFi) and non-fungible tokens (NFTs). Its ability to support a wide range of applications distinguishes it from other cryptocurrencies and contributes to its growing value in the market.