• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
The flippening

The Day Ethereum beats Bitcoin: Is The Flippening Coming?

Eduardo Próspero
by Eduardo Próspero
4 years ago
·
Posted in Bitcoin, Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

It’s Ethereum time to shine. The smart contracts pioneer is doing so well lately that the flippening narrative returned. With a vengeance. The flippening refers to the hypothetical time when ETH’s market capitalization surpasses that of BTC. 

Will that ever happen? Can Ethereum dethrone Bitcoin and become the king of the crypto space? And if so, will it happen this cycle? Let’s explore the case further. We at Bitcoinist already covered the main reasons for Ethereum’s recent rise to prominence, which are: 

On one hand, we have the rise of DeFi and the NFT craze. On the technical side, we have the EIP-1559 update coming in July. And on the corporate side, Visa settling transactions in USDC, the EIB’s €100M digital bond, and the release of CME Ethereum Futures.

And to that, we should add the three Ethereum ETFs recently approved in Canada. The institutional adoption seems to be following Bitcoin’s path. However, the king of crypto currently can’t compete with all of the other use cases and incredible developments taking place in the Ethereum landscape. The question is, should it? Does Bitcoin have to compete?

Related Reading | Gold Rebounds More Than 15% Against Bitcoin In Crypto “Hash Crash”

Is the flippening inevitable?

In a recent episode of the “Uncommon Core” podcast, Twitter-famous investor CryptoCobain told Su Zhu and Hasu:

I think the flippening is now inevitable, but I think it’ll be incredibly temporary. I think you’ll have a massive blow-off top, and ETH’s blow-off top will be slightly before or slightly after the Bitcoin blow-off top, and it’ll temporarily flippen. I’ve never felt more comfortable with a trade in my life. Not financial advice to your listeners. And the reason is that the total addressable market of things for Ethereum is just gigantic.

As for the reasons he thinks it’ll be temporary, CryptoCobain said, “In bear markets, Ethereum goes to zero but Bitcoin does pretty well.” Inspired by that interview, this Blockchaincenter analyst revisited his “Flippening Index,” which covers a few metrics other than just market capitalization:

"The Flippening is inevitable"

…is what @CryptoCobain said in the UCC Podcast with @hasufl and @zhusu .
Enough reason for me to remodel the Flippening Index: https://t.co/ZUQKxLEO0p pic.twitter.com/qcd5VnZjHk

— Rohmeo (@rohmeo_de) April 29, 2021

There, we can see that Ethereum already surpassed Bitcoin in everything that has to do with number of transactions. Nevertheless, Bitcoin is way ahead in number of nodes and Google search interest. The exciting battle is taking place in trading volume and number of active addresses, though. The “Flippening Index” is a work in progress, so keep an eye on it.

Flippening - The ETHBTC chart - TradingView

The relationship between ETH and BTC on Binance | Source: BTC/ETH on TradingView.com

The Flippening narrative in 2018

Before arriving at any conclusions, it’s always wise to check the history books. This is not the first time that the hypothetical event is widely discussed. And all of the predictions made in the past by Bitcoin bears haven’t aged well. They obviously weren’t counting on the king’s majestic resilience.

In 2018, Bitcoinist reported on the words of Roger Ver, the infamous father of Bitcoin Cash:

Ver states that Ethereum and Bitcoin Cash will experience significantly higher growths than Bitcoin in the coming months and years. He even goes as far as predicting that Ethereum will overtake Bitcoin before the year is out, with Bitcoin Cash taking center stage by 2020.

“I see it happening, and I believe it’s imminent. Ethereum could overtake Bitcoin by the end of the year, and Bitcoin Cash could do the same before 2020.”

Related Reading | Bitcoin Has Been in a Bull Run Since 2019—and There’s More to Come: Analyst

During the same year, CNBC reported on the words of Ethereum’s co-creator:

Steven Nerayoff says increased projects built on the cryptocurrency could trigger a “flippening” in 2018, in which ethereum overtakes bitcoin.

“What you’re seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year.”

Evidently, the flippening didn’t happen at the time. Does that mean that it will not happen now? The main reason its proponents wield is that Ethereum has infinitely more use cases than Bitcoin, but, is that a sound argument? A swiss knife doesn’t inherently have a bigger market than a screwdriver. And, if taking out a screw is what you need to do, a screwdriver is the tool you want. 

Featured Image by Austin Neill on Unsplash - Charts by TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eduardo Próspero

Eduardo Próspero

Follow

Eduardo Prospero is an author, a content writer, and a professional rapper. A Bitcoin maximalist in disguise. Working on a Bitcoin book. Beware of my Telegram impersonator!

Full Profile

Related Posts

Bitcoin

Are Bitcoin Whales Back In Accumulation Mode? On-Chain Data Suggests So

22 hours ago
Ethereum

BitDigital Becomes First Public Ethereum DAT To Deploy Unsecured Leverage – Details

1 day ago
Bitcoin

Bitcoin Options Market Sees Bullish Shift: Calls Lifted In $136K–$145K Range

1 day ago
bitcoin

MARA Boosts Bitcoin Reserves By 373 BTC In September, Surpasses $6 Billion In Holdings

2 days ago
Bitcoin

Bitcoin Jumps To $120K, Catapulting Strategy’s Holdings To Record $77.4 Billion

2 days ago
ethereum_eth_ethusd_optimized

Ethereum Breaks Key Resistance: Will ETF Inflows Help ETH Sustain Above $4,300?

3 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    3 days ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    3 days ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    3 days ago
  • 狗狗幣引領『Uptober』Meme...

    3 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.