The #Flippening: Will Ethereum overtake market capitalization of Bitcoin before August?
Theres been so many Bitcoins governance problems recently, that the Flippening is not anymore some distant paradigm shift but the thing that could happen in the following months if the total USD market capitalization of Ethereum overtakes market capitalization of Bitcoin. But, is it possible for the Flippening to happen before August?
With this, for the first time since 2009, when Bitcoin was unleashed on the world, its dominance of the cryptocurrency market has been challenged. And that challenge is huge as Ethereum's Ether token has increased 3,000% this year with no signs of slowing. At the same time, Ether's market cap has been drawing steadily close to Bitcoin's market cap.
Will the Flippening happen before August 1?
Predict at Fairlay: https://fairlay.com/market/will-the-flippening-happen-before-august-1/.
So, at the moment two cryptocurrencies worth $34bn (ETH) and $42bn (BTC) but that could easily change with the ongoing scaling dilemma among developers and entrepreneurs building on Bitcoin, while at the same time Ethereum has a strong network effect and ability to negate the similar governance issues. Indeed, Ethereum looks strong now.
All in all, it looks like that at the moment it is only a matter of time when will ETH surpass BTC in the market cap, and then follow by attacking Bitcoins price. Newest Fairlay market gives August 1 as a date before which the Flippening could happen, hoping that Bitcoin community could stop it with the SegWit2x proposal that Fairlay also supports.
Theres been so many Bitcoins governance problems recently, that the Flippening is not anymore some distant paradigm shift but the thing that could happen in the following months if the total USD market capitalization of Ethereum overtakes market capitalization of Bitcoin. But, is it possible for the Flippening to happen before August?
With this, for the first time since 2009, when Bitcoin was unleashed on the world, its dominance of the cryptocurrency market has been challenged. And that challenge is huge as Ethereum's Ether token has increased 3,000% this year with no signs of slowing. At the same time, Ether's market cap has been drawing steadily close to Bitcoin's market cap.
Will the Flippening happen before August 1?
Predict at Fairlay: https://fairlay.com/market/will-the-flippening-happen-before-august-1/.
So, at the moment two cryptocurrencies worth $34bn (ETH) and $42bn (BTC) but that could easily change with the ongoing scaling dilemma among developers and entrepreneurs building on Bitcoin, while at the same time Ethereum has a strong network effect and ability to negate the similar governance issues. Indeed, Ethereum looks strong now.
All in all, it looks like that at the moment it is only a matter of time when will ETH surpass BTC in the market cap, and then follow by attacking Bitcoins price. Newest Fairlay market gives August 1 as a date before which the Flippening could happen, hoping that Bitcoin community could stop it with the SegWit2x proposal that Fairlay also supports.