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13 May 2021

Ethereum market cap hits $337 billion, surpassing Nestle, P&G and Roche

Ethereum market cap hits $337 billion, surpassing Nestle, P&G and Roche


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Ethereum market cap hits $337 billion, surpassing Nestle, P&G and Roche.

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.

For investors from traditional finance, 'value' is assessed by comparing multiples and valuations.

While the merits of comparing the market cap of different asset classes side-by-side is debatable, the metric essentially works the same way for commodities, stocks, and mutual funds.

According to data from Infinite Market Cap, Ether recently surpassed the market cap of Nestle, Procter & Gamble, PayPal, and Roche.

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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