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

These are the first companies authorized by the CNMV to operate with cryptocurrencies in Spain.

When smart contracts are worth more than the most famous soft drink in the world. In a week marked by a notable 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 sentiment of "greed" in the market, suggesting a greater willingness of investors to take risks in pursuit 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.