The #Flippening: Will Ether ‚Pass‘ Bitcoin And What Would It Mean?

The Flippening is crucial because it would represent a significant shift in the cryptocurrency landscape. If ETH overtakes BTC as the largest cryptocurrency, it will signal a change in investor sentiment and adoption patterns. It could also indicate a shift in the overall direction of the cryptocurrency market. For example, Ethereum has a much larger transaction count than Bitcoin at the time of writing (October 2022). Another metric is the total transaction fees generated by the blockchains, where forexee Ethereum has flipped Bitcoin by many multiples. In transactions volume, it briefly flipped Bitcoin during the 2021 bull run but has since retreated again.

How the Flippening Could Occur

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The Flippening is the hypothetical moment when Ethereum's market cap surpasses that of Bitcoin, how it could potentially happen, and why it matters. "The flippening, while it's an interesting conversation point to me, doesn't really matter, because I wouldn't invest in ethereum simply because it might go up more than bitcoin in the short term," Alfred said. It could drive more investors to spend time understanding ethereum's real-world potential at a quicker pace, Ting review thinking, fast and slow said. In the short-term, a multi-chain environment may offer investors more arbitrage opportunities, he added.

The Transaction Count shows the relation of total on-chain transactions on the network (100% means Ethereum has flipped Bitcoin in that metric). It's a fun metric to explore, said Lex Sokolin, the global fintech co-head and head economist at ConsenSys, in an email. But they actually both perform very different functions, bitcoin as a store of value and ethereum as a technology platform, he added. In the long-term though, most crypto investors don't see significant market implications from the flippening. "If we're still in a bull cycle, I think ether will flip bitcoin in the next nine months," said Michaël van de Poppe, a crypto trader who runs the consultancy Eight Global, as part of a recent interview with Insider. Insider spoke with crypto experts to help break down the concept of "flippening''. They shared their predictions on when it might happen and the market implications of the event.

What is The Flippening?

Market cap is a simple metric, but a lot of factors will need to come together to make the flippening happen. The price and number of Bitcoin and Ethereum in circulation will ultimately dictate market cap, but supply and demand is the real driver of a blockchain network’s total value. The Flippening is the hypothetical moment when Ethereum's market cap surpasses that of Bitcoin.

It's used to power all sorts of other crypto projects, like DeFi and NFTs. To understand if the flippening is possible, we need to look at the quantity of each type of coin. Bitcoin has a fixed supply of 21 million coins, and it's unlikely that this will change anytime soon. Ethereum doesn't have a fixed supply, but the Merge made it so that there are a lot fewer new Ethereum coins being created. For example, Gmail helps us send messages, and banking apps help us send money to other people.

Market cap is an essential metric for investors and analysts because it gives them a sense of the size and value of a company or asset. In the case of cryptocurrencies, the market cap can also be a good indicator of adoption and demand. Generally, the higher the market cap, the more people are interested in a particular cryptocurrency and the more valuable it is perceived to be. "Due to its recent upgrade, the number of new No. 2 coins as a percent of current coins is likely to dip below that of bitcoin, with the potential of going negative," said McGlone in a September research note. "If ethereum's pace of 2021 price appreciation stays the same versus bitcoin, the market cap of No. 2 will flippen No. 1 toward the end of 2022." Both tokens have seen their market cap soar this year as interest in cryptocurrencies surged.

• It's a fun metric to explore, said Lex Sokolin, the global fintech co-head and head economist at ConsenSys, in an email.
• "Due to its recent upgrade, the number of new No. 2 coins as a percent of current coins is likely to dip below that of bitcoin, with the potential of going negative," said McGlone in a September research note.
• This explains why it’s even now the most valuable and popular cryptocurrency.
• In fact, cranberry sauce has been done a great disservice by people passing off cranberry-flavored gel in a can as real sauce.

The #Flippening: Will Ether 'Pass' Bitcoin And What Would It Mean?

As at the time of writing this article, Bitcoin has a total market capitalization of $625B and accounts for over 47% of the total crypto market cap. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. Several metrics measure the usefulness, value, or importance of a cryptocurrency. But when most people talk about the “flippening” taking place, they are usually referring to Ethereum overtaking Bitcoin in market capitalization specifically. “The Flippening” refers to the possible future event when Ethereum overtakes Bitcoin to become the most valuable cryptocurrency in terms of market capitalization. The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency.

Goldman Sachs also released a recent report naming Ethereum as the crypto with the highest real-world use potential. It cited a few reasons why the digital asset beats out Bitcoin in this regard. While many analysts trading212 review provided optimistic assessments of ether's future, some expressed concerns that the cryptocurrency is in bubble territory. Still, while some analysts focused on the promise of the ethereum network, others emphasized the perceived difficulties bitcoin has encountered of late as the reason this development could be likely.

There can never be more than 21M bitcoins of which over 19M have already been minted. Its limited supply, in addition to its simplicity and acceptance makes it increasingly attractive to institutional investors. Unlike in traditional organizations, the bylaws of a DAO are hard-coded in smart contracts and is absolute law. Members’ votes are tallied, and changes are implemented automatically without the need for an intermediary. By contrast, Bitcoin has a hard cap of 21 million coins, which will be reached in 2040. A gently rising supply in the next couple of decades could also keep Bitcoin’s total value rising and prevent a possible flippening.

The term refers to the hypothetical point at which ether, the native token of the ethereum network, overtakes bitcoin in market capitalization to come the largest cryptocurrency. Flippening is a term used in the cryptocurrency world to describe a hypothetical event where the market capitalization of one cryptocurrency surpasses that of another. It is often used to refer to the possibility of Ethereum overtaking Bitcoin as the largest cryptocurrency by market cap. The term "flippening" is derived from the idea that the positions of the two cryptocurrencies would "flip" in terms of market dominance. While the flippening has not yet occurred, it remains a topic of interest and speculation within the crypto community. The flippening is a term used to describe a hypothetical event where one cryptocurrency surpasses another in terms of market capitalization.

As of the end of June 2021, Uniswap has a total value locked of about $5b. Aave is an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. Smart contracts are used to automate the agreement terms between the participants of the protocol thereby eliminating the need for trust, as well as intermediaries. DeFi is perhaps one of the most interesting and fastest growing trends in the space.