- Ether overtakes the bullish price of $3,000.
- ETH beats Nestle and P&G Market Cap
- Many also believe that the 2021 altseason has indeed arrived.
Ethereum is now playing above the $3,000 field, as its recent performance has left Bitcoin and other altcoins in the dust. This made crypto enthusiast Funky react in a tweet post:
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Indeed, Funky’s reaction over Ethereum is true, as the crypto shows no sign of stopping its price boost. Along with this price boost, the ETH market cap increased to almost $400 billion. As a result, ETH overtakes the market capitalization of Nestle and P&G. Indeed, this is another milestone achieved by ETH and the crypto world.
The crypto market has been pumping ETH since the end of April 2021. Different people have claimed various reasons for the said price increase, although nothing is sure at the moment, in terms of fundamental analysis.
However, others may have started to believe that the 2021 altseason has already come underway, with Ethereum leading the charge. This is characterized by Bitcoin’s decreasing market dominance. While BTC’s market capitalization is stagnant at $1 trillion, ETH’s market cap is now almost at $400 billion.
Other altcoins are also increasing in price, especially Binance Coin, which has now flipped its previous psychological resistance level of $600 into support. Dogecoin, which also pumped rather ridiculously in the past month, has solidified its position in the $0.30-$0.38 range.
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