Ethereum on Track to Surpass JPMorgan Chase After Hitting $4,000 for the First Time
- 10th May 2021
- Posted by: Hakeem
- Category: Crypto
Ethereum’s market cap has swelled to $467 million, meaning that it’s on track to surpass JPMorgan Chase. The largest U.S. bank is currently worth $488 billion after the Friday close.
Bitcoin, for comparison, surpassed JPMorgan’s market cap in mid-December.
As of now, Ether is now on track to be worth over $500 billion, challenging the likes of Samsung and Visa.
As reported by U.Today, Ethereum has just hit $4,000 for the first time, strongly outperforming Bitcoin.
The cumulative crypto market cap is now sitting at $2.5 trillion. The market is worth more than Apple, the most valuable company in the world.