The Flippening: Ethereum To Surpass Bitcoin
So for those of you new to the crypto space, you have probably heard about the flippening but don't really understand what it means. To break it down, it is when Ethereum passes the Market Cap of Bitcoin. Well you may be wondering, why does that matter? Well the reason is simple, from the best of my knowledge that has never happened. Bitcoin is the first cryptocurrency and has always been #1, so anything passing it is a big deal.
To track this, I found a nice website called Flippening Watch where it keeps track of where Ethereum is in relationship to Bitcoin (See Below). This is a very nice graphical tool to reference as Ethereum comes closer and closer to Bitcoin.
Do you think Ethereum will ever pass Bitcoin? Let me know below.
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I think because of the many ICOs, Etherium gained some momentum in the capitalization arena. With BTC getting more and more difficult as well, people may be putting more resources in mining the other coins. Ether might overtake BTC on capitalization but it could be a long time if at all that the exchange value will flip.
got both, cant fail.
I dont think this will happen soon, as the bitcoin scale ability problems will probably be solved before the end of the year Bitcoin will surge, i do think Ethereum will be following closely , all that aside Bitcoin and Ethereum are 2 different things all togheter. nice post, keep up the good work!
considering the epic mess that's been transaction scaling with Bitcoin (and the high transaction fees), this comes as no surprise to me that Ethereum will dethrone Bitcoin in market share... although if you told me that when Ethereum had its own fork that the currency would still be around, I'd call you crazy! :P
I don't know but that would make me happy!
They do have a lot going on, positively speaking.
I'm thinking it's a good investment even now that it climbed and dropped. Was looking at it when it was 70.00 and well before I could grab one, it was at 250.00.
Interesting thought.
I think it might. But it probably won't affect the value of bitcoin too much due to inbuilt scarcity. I think there will be plenty of space in the crypto market for others too. Sky is the limit!
I think ETH is headed down for the near term, maybe $260.
It is hard to say i was 100% thinking Ether would pass Bitcoin but i am unsure if sigwit2.
there is way more uses for ether and way more icos coming to ether.. i think the price will always be higher on BTC then ETH tho
In terms of market cap can happens, but in term of worldwide adoption, i think that ETH have a long way to run before becoming popular and adopted at the level of BTC.
Well...the answer would like in the fact that weather or not crypto currency ecosystem on the whole stabalises.....the issue is that once volatility decreases,people would then look at fundamentals to include the growth propositions of the two currencies. Since Bitcoin has already had it's share of expotential growth,hence in the long run ethereum might test bitcoin