The crypto market has seen a bright light in 2021. Despite the market's challenges, as the market capitalization surpasses the $1.2 trillion mark, it appears things are finally taking a turn for the better.

The bear market has pushed the crypto industry to reinvent itself, raising the total market cap to a ten-month high. Investors and businesses alike have found new ways to adapt, ranging from new use cases to ambitious upgrades.

The most recent figure-breaker is Ethereum, as its price surpassed $ 1900 per coin, a milestone achieved after eight months of bearishness. Ethereum has been steadily working towards its major upgrade – the Shapella upgrade – which promises to add some major improvements to the platform, is believed to be the primary cause of this surge.

Cardano, on the other hand, has increased its market capitalization after its incorporation in decentralized games. The Paima Studios project allowed the cryptocurrency to join the growing sphere of entertainment. The surge in popularity has taken the price of ADA closer to the $0.40 mark.

Overall, the new year has breathed new life into the industy, as the total crypto market capitalization reaches new heights. With a growing focus on development and use cases, the industry appears consistent, sought-out and reliable. With the bullish market conditions, crypto firms are already evaluating new strategies to ensure their growth and sustainability, opening the way for the whole industry to take one step closer to mass adoption.



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