What is “the Flippening”?

what-is-the-flippening

So what is this “flippening” everyone is talking about?

“The Flippening” refers to the possible future event when Ethereum overtakes Bitcoin to become the biggest, most valuable, and most important cryptocurrency.

[Read next: Must-Reads for Better Understanding “the Flippening”]

Until recently, Bitcoin has held the top spot without any serious competition since its creation in 2009. As recently as February 24th, 2017, Bitcoin’s market capitalization represented 86.74% of the total market capitalization of all cryptocurrencies. Since then, even though its unit price has risen, Bitcoin’s market share has fallen precipitously and now stands well below 50% (check here for the most recent numbers). At the same time, other cryptocurrencies, especially Ethereum, have rapidly gained market share.

CoinMarketCap

There are several metrics that 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.

Visit the main page Flippening.Watch to see the latest “flippening” metrics.

Click to visit Flippening Watch for most recent data / Screenshot of flippening.watch at 10:29pm on June 12th, 2017
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Flippening Watch

Tracking the rise of Ethereum and other cryptocurrencies.