Ethereum Overtakes Johnson & Johnson, Becomes 30th Largest Asset Globally

Ethereum's market capitalization has increased significantly, allowing it to surpass Johnson & Johnson in market value and become the 30th largest asset globally. Ethereum's price has risen over 20% in the past week, reaching over $3,100, with its market capitalization around $382 billion, exceeding Johnson & Johnson's $373 billion. Ethereum's performance is strong, with Q2 seeing it outperform Bitcoin by 6% and its Total Value Locked rising by 33%. Daily transactions on the Ethereum network are nearing 1,500,000, a level not seen since 2021. Analysts forecast further price increases, with potential short liquidations that could drive the price higher, and predictions that Ethereum could reach $3,300 by July 2025. Long-term predictions are even more ambitious, with some expecting Ethereum to reach $10,000 or even $15,000 in the future.