However, if we make an assumption that the pump on Bitcoin moves more slowly than Ethereum's pump to $16k, this might cause an occurrence that the people on social media call the flippening. This implies that Ethereum will have a bigger market capitalization than Bitcoin.
Do you agree that Ethereum will have a bigger market capitalization than Bitcoin is more possible than Bitcoin to pump to $3 million?
ETH is trading at around $4k7 and ETH's current market cap is $574 billion. If ETH hits $16k, that would mean its market cap would be $1.9 trillion. Meanwhile, bitcoin's market cap is currently $2.4 trillion and could continue to rise higher if bitcoin hits $150k this cycle. It can be concluded that ETH capitalization cannot surpass Bitcoin even if it reaches $16k.
ETH has never surpassed BTC but it came close in 2017 when its market cap was $34 billion while bitcoin was $41 billion. So we shouldn't be surprised if it happens again.
https://coinmarketcap.com/historical/20170618/
You are correct, however, there is an occurrence during a bull market where Bitcoin will not pump very much highly and Ethereum and the other altcoins are pumping more. This causes Ethereum and the other cryptocoins to gain more market capitalization than Bitcoin and it would appear that people would begin to speculate if Bitcoin will be dethroned from slot no.1.
In any case, I ask this question. What is a higher possibility occurrence, Ethereum will have a higher market capitalization than Bitcoin or Bitcoin will pump to $3 million?