Ethereum market cap hits $337 billion, surpassing Nestle, P&G, and Roch
The value of the Ethereum network soared above major companies like Nestle and P&G after its market cap hit a new high at $337 billion. Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion.
Defi adoption on the Binance Smart Chain reaches new highs
Decentralized finance protocols on the Binance Smart Chain saw their token prices and total value locked rise toward new highs after a series of protocol upgrades and cross-chain integrations. Three projects on the BSC that have seen increases in trading volume, price and activity within their Defi protocols are Venus (XVS), PancakeSwap (CAKE) and Linear Finance (LINA).
Altseason indicator flips to Bitcoin even as Rally and Polygon surge
Crypto investors are scratching their heads this week, as a key indicator suggests that Bitcoin is about to take centre-stage once more — even as Cointelegraph Markets Pro subscribers had the opportunity to take major profits on altcoins such as Rally (RLY), Polygon (MATIC) and Ampleforth (AMPL).