Thursday, June 17, 2021

Ethereum Now Bigger Than Johnson & Johnson after Surpassing $4,000, Closes In On JP Morgan Chase

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.

Read Also: Ethereum Surpasses PayPal’s Market Cap as ETH Keeps Reducing Bitcoin Dominance

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.

Ethereum Now Bigger Than Johnson & Johnson after Surpassing $4,000, Closes In On 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.

Ethereum Now Bigger Than Johnson & Johnson after Surpassing $4,000, Closes In On JP Morgan Chase
Courtesy of CoinGecko

Read Also: Vitalik Buterin donates about $600,000 in ETH and MKR towards India’s COVID-19 Relief

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.

Read Also: Ethereum (ETH) Breaks above $900 to Highs Last Seen In February 2018. Is $1000 Possible Today?

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.

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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