Ethereum, the largest altcoin, has surpassed the $4,000 level for the first time at 3:12 a.m. UTC on the Bitstamp exchange.
Its 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.
Ether is up 463 percent the year-to-date.
Bitcoin remains the laggard
Meanwhile, Bitcoin continues to languish, struggling to hit the $60,000 level. Its market dominance has dropped to just 44 percent, according to CoinMarketCap data.
Other top altcoins (save for Dogecoin) are outperforming Ether as well.