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Bitcoin And Ethereum: Is A Flippening Imminent

Bitcoin And Ethereum: Is A Flippening Imminent

The world has seen some drastic changes in the last couple of months, and from the pandemic to the political landscape , there aren’t many people that haven’t been affected in some way or another. Cryptocurrency has also, in the interim, had marked ups and downs. Luckily, we have some good news for you! 

In this article, we will take a deeper look at what’s on the cards for crypto, specifically Bitcoin and Ethereum, as well as other cryptocurrencies that are climbing the ranks quickly, giving Ethereum a run for its money.

Bitcoin and Ethereum have always been the two main attractions in the cryptocurrency landscape. Since the beginning, Bitcoin has been the driving force behind any changes in crypt market behavior and even affecting fiat market spaces. However, things may be set to change as some experts say a flippening could be on the cards!

Flippening. What Is It, And When Will It Happen?

It’s hard to dispute that the number one spot has been firmly held by Bitcoin, regardless of sudden drops in value.  It has never relinquished its top spot position. Bitcoin was the original cryptocurrency, coming about in 2009, and without any competition, took the number one position. Traders were in a frenzy trying to get their hands on the new world order currency, catapulting it to almost $20 000 in 2017. However, it wasn’t long after that Ethereum came on to the market in 2013, giving Bitcoin a run for its money.

Bitcoin has always been ahead of the crypto game, but lately, it looks like there could be some change in the air, and according to some experts, it could happen sooner than some think. 

With the potential of Ethereum overtaking Bitcoin becoming more of a possible reality, the industry experts have come up with a term called the flippening. This is the hypothetical event in which Ethereum (ETH) overtakes the prominent Bitcoin (BTC). 

Studies were done, and according to the specialists, the flippening could happen anything from 2022 to 2025, while 32.5% of those asked believed it would never happen. Out of all those who took part in the discussion, 25% thought the flippening would happen in 2023, 15% believed 2022 would be the year, and the last 15% believed it needed some time, and 2025 would be the year.

Is a flippening imminent where Ethereum could take over Bitcoins no.1 spot

Bitcoin 

Bitcoin has shown many rises and falls, but one thing it has proven is that with every dip comes a massive peak, and luckily for all those invested, Bitcoin has done it again. BTC was on a bearish run for quite some time, and recently the change was made, and Bitcoin become bearish, and this time experts can put it down to some key factors. 

Bitcoin has seen a huge hike in value in the last couple of days, and this has been a build-up from the previous couple of months’ activities. What we mean by this is that the attention wasn’t drawn to Bitcoin overnight, and from the past behaviors of the market to the advancement and ease of accessibility technology allows for make Bitcoin and other cryptocurrencies more obtainable. 

A few takeaway elements of the Bitcoin market growth are;

  • Increase in demand for the adaption of alternative payment options such as PayPal, making Bitcoin and other cryptocurrencies easier to get your hands on. 
  • Respected and well-established companies are starting to purchase Bitcoin, which shows the increased level of confidence in the digital asset by reputable businesses.
  • Bitcoin officially hit its resistance level, giving investors more confidence in its performance. 
  • Past behavior has shown that the halving brings big Bitcoin bucks, and the halving is coming closer. 

Bitcoin, Ethereum flippening on the horizon

Ethereum

Taking the title as the second latest cryptocurrency next to Bitcoin, Ethereum has shown promise since the beginning. With BTC being the leader, ETH often adapts its behavior from the activities of that market. For example, if the Bitcoin price is doing well, the Ethereum price will usually increase as well. 

According to experts, it looks like 2021 could be the start to the rise above Bitcoin for ETH. There are a few takeaway points that directly affect the price. 

  • Ethereum recently implemented EIP1559 which was installed to improve the speed and incentive behind mining Ethereum. 
  • Google recently removed the ban it had for U.S crypto advertising, which appears to be ETH’s biggest market. 
  • Ethereum just came off a 12 price hike, giving its investors more confidence to buy more! It is expected to end the year strong at $4,596

By looking at the behavior of the market, it is clear that decentralized currencies are becoming more and more popular and understood by the greater community. Over the years, many cryptocurrencies have come out of the woodworks, and 2021 has been the year for some massive change, bringing about some promising options. Currency Bitcoin and Ethereum have the top two positions, but here are the runner-ups, giving these powerhouses a hard time at staying at the top, and these are Litecoin (LTC) , Bitcoin Cash (BCH), Cardano (ADA), Polkadot (DOT) and Binance Coin (BNB).

Ethereum could be giving Bitcoin a run for its money!

Cash In For Crypto

Crypto has been around for more than ten years, and since its first introduction to the financial world, it’s clear the growth it’s shown. With Bitcoin and Etheruem leading the pack, it’s your perfect opportunity to gain control and make your move! 

Last updated by Jen Van Lier on August 16, 2021

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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