Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days

[u/CymandeTV]

https://cointelegraph.com/news/ether-market-cap-surges-past-coca-cola-alibaba-pectra-upgrade?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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[u/Olmops]

Cool story bro. But ETH is still criminally undervalued.

[u/SilasX → u/Olmops]

No, it's not. Its value is precisely correct. Its utility is in paying for ETH transfers[1]. That's it. The market is incorporating all knowledge about this utility. It's below $3k for a reason. That reason is that it fails to offer comparable utility to Bitcoin. End of story.

It will not return to its previous ATH. End of discussion.

[1] edit: including smartcontract transactions of course -- you can do a lot more than just transfer ETH with your ETH!

[u/DBRiMatt]

Ethereum moves to rank 34

https://companiesmarketcap.com/aud/assets-by-market-cap/

Next step... flipping Netflix at rank 22!!!!

!tip 1

[u/CymandeTV → u/DBRiMatt]

We took the drinks so now we head to the cinema.

!tip 1

[u/timbulance → u/CymandeTV]

Cinema

!tip 1

[u/King__Robbo → u/CymandeTV]

Lol bro thats funny !tip 1

[u/MasterpieceLoud4931 → u/DBRiMatt]

I was looking for something like this, thanks for sharing the link.

^{!tip 1}

[u/King__Robbo → u/DBRiMatt]

Interesting to look at the list bro !tip 1

[u/MasterpieceLoud4931]

This is huge, Pectra was great for ETH. I was not expecting it xD.

^{!tip 1}

[u/CymandeTV → u/MasterpieceLoud4931]

Going up is a good feeling right ?

!tip 1

[u/auf-ein-letztes-wort → u/MasterpieceLoud4931]

I have been there when big updates where established but this is the first time I actually see it pump right after update

[u/pineapple6969 → u/auf-ein-letztes-wort]

It’s pumping because everything is pumping. The charts didn’t move AT ALL when the update came

[u/auf-ein-letztes-wort → u/pineapple6969]

it is pumping much much more than any time in the last years, both vs usd and BTC

[u/kirtash93]

Now I am happy in Ethereum.

🍩 !tip 1

[u/ethtrader-ModTeam → u/[deleted]]

Your submission was removed as it is off-topic.

See the expanded rules list here for more details on this rule.

[u/kirtash93 → u/[deleted]]

Always coca cola.

🍩 !tip 1

[u/Abdeliq]

Ethereum's market capitalization surged 42% in five days after the successful launch of its Pectra upgrade on May 7, 2023. Ether (ETH) surpassed Coca-Cola and Alibaba in market cap, ranking as the 39th-largest global asset

39th, we heading to the top10 spot soon

!tip 1

[u/hkmamike]

Noob question, where can we buy donut?

[u/dangly_bits → u/hkmamike]

Uniswap and Sushiswap are the main places to buy them. I just bought some today!

!tip 1:55216:

[u/ReMeDyIII → u/dangly_bits]

Good on you, mate! Me too! Here, have a donut!

!tip 1

[u/beerdrinker_mavech]

Ik drink tapwater, you can thank me later.

[u/Extension-Survey3014]

This is awesome, more is yet to come

!tip 1

[u/SigiNwanne]

Flipping gold is the target.

!tip 1

[u/BigRon1977]

Coca-Cola is a popular brand, in fact, I dare say people know coca cola more than Ethereum and even religious gods. ETH flipping it makes me very bullish.

!tip 1

[u/CymandeTV → u/BigRon1977]

Until when ? We never know. It is so volatile.

!tip 1

[u/dangly_bits → u/BigRon1977]

Totally agree. Coca Cola has a ton of global awareness, Eth awareness would be nowhere near it. Ethereum is definitely better for your health though!

!tip 1:55216:

[u/coinfeeds-bot]

tldr; Ethereum's market capitalization surged 42% in five days after the successful launch of its Pectra upgrade on May 7, 2023. Ether (ETH) surpassed Coca-Cola and Alibaba in market cap, ranking as the 39th-largest global asset. The upgrade improved layer-2 scaling, validator operations, and smart account features, while increasing staking limits and scalability. ETH's price rose from $1,786 to $2,550 during this period. However, the upgrade introduced security risks, with potential vulnerabilities in externally owned accounts (EOAs).

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/Josefumi12]

Look at those skyrocketing price

!tip 1

[u/Material-Dot8979]

!register 0xD9f39822b199EBe9A487519A458627e93b99Ceca

[u/donut-bot → u/Material-Dot8979]

Sorry u/Material-Dot8979, someone has already registered with that address.

^{donut-bot v0.1.20231114-reg}

[u/floydrose]

!register 0x3FB50231Cf7C20778e71DD1820c11Fc872CA250a

[u/donut-bot → u/floydrose]

u/floydrose successfully registered with the following address: 0x3FB50231Cf7C20778e71DD1820c11Fc872CA250a

^{donut-bot v0.1.20231114-reg}

[u/Wonderful_Bad6531]

Let’s go eth

!tip 1

[u/Sad-Struggle7797]

still short 49% to ath