Ethereum continues to diverge from its closest competitor, Binance, as the difference between the two in terms of total market capitalization expands to more than $350 billion.

This is after the price of the digital currency Ethereum rose to a level of more than 4000 dollars, where the price of the currency is estimated at the time of writing at 4110 dollars.

The total market value of Ethereum swells to $476 billion, which means it is on track to surpass the market value of JPMorgan Chase.

Currently the largest US bank, JPMorgan, was valued at $488 billion after Friday’s close.

Read:Bitmain stops shipments of crypto-mining equipment to China

For comparison, Bitcoin surpassed JPMorgan’s market cap in mid-December.

As of now, Ethereum is now on track to reach over $500 billion, challenging Samsung and Visa.

A few days ago, in Bitcoin Arabs, we touched on the news that the company “Vaneck” submitted an application to the Securities and Exchange Commission (SEC) to obtain approval for the listing of the Ethereum Index Trading Fund (ETF):

VanEck applies to SEC for approval of Ethereum ETF

Currently, the cumulative market capitalization of cryptocurrencies is now $2.5 trillion.

The total value of the crypto market is currently more than that of Apple, the most valuable company in the world.

Read:Deadline approaching to compensate Mt.Gox creditors with more than 150,000 BTC… What impact will this have on the market

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