Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is now bigger than Johnson & Johnson, following the recent price milestone of $4,000.
According to CompaniesMarketCap, Ethereum is now on the verge of surpassing JP Morgan Chase based on market capitalization.
Ethereum’s market cap currently stands at $473.92 billion, while Johnson & Johnson estimated market cap remains $443.72 billion. At the time of writing, Ethereum needs only $15 billion to beat JP Morgan Chase.
Due to the meteoric surge since the beginning of the year, the cryptocurrency is now bigger than a number of companies and assets, such as Walmart, Mastercard, NVIDIA, Bank of America, PayPal, among others.
Ethereum (ETH) Surpasses $4,000 for the First Time in History
Ethereum (ETH) has just surpassed the $4,000 resistance level for the first in history. In less than a week of breaking above $3,000 resistance, ETH has increased by $1,000 in terms of price.
Based on the recent price milestone, Ethereum (ETH) has now surged more than 400% since the beginning of the year.
On 3rd May 2021, Herald Sheets reported that ETH surpassed $3,000, while the cryptocurrency broke above $2,000 resistance, shortly after surpassing its all-time high of 2018.
It’s worthy of note that Ethereum (ETH) was trading below $800 at the beginning of 2021. So, the fact that it has attained $4,000 in less than five months makes the trend to the top impressive.
Due to this latest development, the market of Ethereum (ETH) has surged to a 3-year high at relatively 19%, according to CoinMarketCap. While Bitcoin (BTC) keeps losing its dominance over other digital currencies on a daily basis.
At the time of filing this report, ETH is trading at $4,057.47, with a 5.05% price increase based on 24 hours estimation.