Flippening

Community Submission - Author: John Ma 

The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization.

Although BTC has always been the number one cryptocurrency by market capitalization, its market dominance dropped significantly in recent years. The drop was particular visible in mid-2017 and early 2018. During those periods, many Ethereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred.