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Many altcoins have been putting out impressive performances since the beginning of this year. Last week, Solana (SOL) flipped Binance (BNB) to become the fourth-largest cryptocurrency platform by market cap. Ethereum (ETH) has followed suit by hitting a fully diluted market cap of over $336 billion, outperforming traditional giant companies like Toyota Motors. This growth is proof of the increasing expansion of the cryptocurrency space.

Evidence of the cryptocurrency boom is seen in the explosive surge of high-performance altcoins, including ZetaChain (ZETA) and NuggetRush (NUGX). Last week, ZETA rallied by over 38% in a day, hitting new highs above the $2.00 price. Meanwhile, NUGX has rocketed by 80% since the beginning of its five-round presale, boosting its reputation as the best crypto to invest in before the market bull run.

Let’s explore Ethereum’s market cap milestone while discussing the boom of NuggetRush and ZetaChain.

NuggetRush is a play-to-earn meme coin-run platform that came into the limelight immediately after it went live last year. The platform plans to offer investors life-changing gains through trendy features like GameFi, Web3, and staking. According to experts, the play-to-earn NFT gaming sector is expected to be worth billions by 2031. NuggetRush is the best crypto to invest in for investors interested in capitalizing on this growth.

NuggetRush’s highly anticipated play-to-earn gaming experience lets players earn while enjoying the game. To make it more interesting, NuggetRush allows players to build their avatars and mine for in-game assets that can be traded to get real cash. These in-game characters are some of the best NFTs to invest in that can be traded for money on NuggetRush’s P2P marketplace. Players who find the rare Rushgems NFT can exchange it for real gold. 

NUGX surged from $0.01 to $0.018 during the event, delivering 80% returns to early investors. Market experts have forecast that NUGX would skyrocket by over $2,000 after the presale, banking on its upcoming exchange listings to trigger a rapid push to record-breaking highs. The platform has the potential to achieve this. It has sold over 184 million tokens and raised over $2.2 million, showcasing high demand and an impressive pace that could rival top cryptocurrencies.

ZetaChain has been bullish since its introduction into the cryptocurrency market. The ZETA token has been pushed by market optimism from Bitcoin’s upcoming halving event. Due to this, ZETA has boomed from under a dollar to over $2.00. This price rally is thanks to the high interest and demand that ZetaChain has recorded as investors recognize the platform’s potential for growth. Bitcoin’s bullish sentiment has encouraged market-wide confidence, increasing liquidity inflow into altcoins, including ZETA.

The Relative Strength Index of ZETA suggests that the token is overbought, hinting at a potential bearish correction. Fortunately for holders, ZetaChain’s solid momentum and impressive bullish uptrend point to higher prices. If market optimism continues to grow, it might trigger a rapid move for ZetaChain, leading to new all-time highs.

Ethereum has witnessed price jumps that have positively affected its market cap these past few days. The growth of the second-largest cryptocurrency has also bled into the overall market. According to on-chain data, Ethereum has shown the most constant value growth among top assets in the past week. A deeper analysis shows that ETH trended in the past week, increasing its market cap from around $290 billion to $336 billion, growing by over $40 billion. This growth surpasses that of the Japanese automobile company Toyota. The company boasts over $306 billion in market cap, considerably less than ETH.

Ethereum’s market cap growth proves that cryptocurrency investing is expanding rapidly. With the rise of institutional interest in cryptocurrencies, seeing the heights digital investment will reach soon will be extraordinary. ZetaChain and NuggetRush are pulling in massive numbers as demand for their tokens skyrockets. NuggetRush’s offerings of the best NFTs to invest in and a highly profitable gaming experience position it to become a strong contender in the DeFi market.

You can find out all things NUGX by visiting NuggetRush presale website.

The post Ethereum market cap larger than Toyota, as altcoins boom appeared first on Invezz

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