What is "Flippening"? - Crypto in Plain English - Episode 223 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it5 Aug 2022

What is "Flippening"? - Crypto in Plain English - Episode 223 - by cryptohunt.it

What is "Flippening"?

Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English.

Ever hear a crypto enthusiast get excited about an event they call "flippening"? Let us break it down for you!

Flippening simply refers to a possible time in the future when Ethereum will overtake Bitcoin in total market capitalization.

Right now, the total amount of money invested in Ethereum is roughly half of that invested in Bitcoin. And so the question is: Will that actually ever happen?

It looks like it might, but it's a long road for Ethereum as an incumbent. Bitcoin dropped from dominating 70% of the crypto market share in early 2020 to just 45%. Meanwhile, Ethereum went from 8% to about 20%.

But there are a lot of other projects that may nib at both their heels. Things are going up and down constantly - but keep an eye on this. It'll give you an understanding of how much the market values each cryptocurrency in relation to all the others.

Let’s say the Flippening does happen… When would that be: Your guess is as good as ours! It’s very hard to predict, but send us your thoughts to podcast@cryptohunt.it if you want to make a guess and we’ll feature you in future episode.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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