The Flippening is a phrase that the crypto community has been using to denote a moment when some other cryptocurrency, most usually Ethereum, will take over Bitcoin in terms of total market capitalization. The market cap is a measure of how much the digital asset is worth overall, so there is still a possibility of it happening that in future times the market capitalization of Ethereum going above that of Bitcoin, thus causing the event to be called “Flip” which corresponds to the change of ranking of the two largest cryptocurrencies.
The term “Flippening” is inextricably linked to the whole debate over Ethereum’s right to the throne. Over the years the coin has been slowly but steadily creeping up on the market leader’s heels, and the demise of the crypto king has been predicted more than once. Long live the Flippening!
How will it all play out? In the crypto world nothing is certain, but the Flippening is certainly among the most talked-about scenarios.
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It is a universal contention among crypto enthusiasts that the Flippening is not only about the price. They have set up other comparison tools like transaction volume, network fees, number of active users, and total value locked in DeFi. In some of these areas, Ethereum has already overtaken Bitcoin, which has led to the ongoing debate regarding the dominance of the two networks.
Although the notion of a Flippening is an exciting one, it is still vapory. First and foremost, Bitcoin still enjoys a firm grip on the market cap throne because of its limited supply, familiar brand name, and symbolic status as the first cryptocurrency.
In very basic terms, the Flippening means the day that Ethereum or any other coin takes Bitcoin’s place in terms of the most valuable digital asset.