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Ethereum Soars 42%, Overtakes Coca-Cola and Alibaba in Market Cap

  • Ethereum's market cap has surged to $307.91 billion, surpassing Coca-Cola and Alibaba.
  • ETH price increased by 42% in five days, reaching $2,550.
  • The Pectra upgrade on Ethereum's mainnet enhanced layer-2 scaling and validator efficiency, contributing to the price surge.
  • Investor trust in Ethereum has been restored after the successful Pectra upgrade, which addressed user experience and operational efficiency concerns.

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