Flippening

The Flippening is the point in time when Bitcoin (BTC) loses its throne atop the cryptocurrency mountain of market capitalization and hands the reins to Ethereum (ETH).

Nobody knows when this will happen or if it will ever happen.

Currently, in 2022, but also since the beginning of all things crypto, Bitcoin has been the most valuable cryptocurrency measured by market cap, followed by Ethereum in second.

However, while Bitcoin (BTC) has been the leader by market capitalization, many market participants believe it’s only a matter of time before Bitcoin loses its lead to Ethereum.

There’s great speculation that Ethereum’s flexibility and utilization of smart contracts will push it over the top of Bitcoin in the dominance ranking.

As of August 2022, Ethereum (ETH) has a market share of 18.94% while Bitcoin (BTC) has a market share of 40.34% when looking at the market capitalizations of all cryptocurrency assets in the crypto market.

Related Terms

Ethereum (ETH)

Ethereum is a decentralized blockchain platform that makes digital money, global payments, and applications possible using open-source software and smart contract functionality. The big difference between the two is that Ethereum is programmable, meaning you can build and use decentralized apps on the network. That means the Ethereum blockchain can be programmed to do virtually anything.

The Merge

The Merge signifies a time in the future when the Ethereum blockchain transitions from the proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) blockchain.

Bitcoin (BTC)

Bitcoin (BTC) is most well known as a digital decentralized cryptocurrency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries, such as payment gateways or banks or routing services. Think of bitcoin as Internet money, that you can send and receive directly, to and from anyone, and you can use it to pay for stuff.

Bitcoin Dominance (BTCD)

Bitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It’s a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins. Crypto traders use bitcoin dominance […]

Cardano (ADA)

Cardano is a decentralized open-source blockchain platform built with proof-of-stake (PoS) consensus, offering smart contract capabilities, and using the native cryptocurrency ADA.