The #Flippening: Will Ethereum ‘Pass’ Bitcoin And What Will It Mean?

in #bitcoin7 years ago

No stranger to strange milestones, the cryptocurrency sector may soon see a historic first, one that could upend long-held perceptions of its market.

Branded 'The Flippening' by market observers, this new hypothetical is defined loosely as the point at which a competing blockchain network could replace bitcoin as the largest and best capitalized blockchain. Sparked by increasing inflows in cryptographic assets, the concept has already seen a dedicated hashtag and website.

Given that bitcoin invented and popularized blockchain systems, the development could herald a time of new diversity and experimentation for the nascent sector that, until recently, was largely defined in context of bitcoin.

At earlier points in 2017, bitcoin accounted for more than 80% of the total cryptocurrency market share, though this figure has been higher than 90% at times.

Read more here: http://www.coindesk.com/flippening-will-ether-pass-bitcoin-will-mean/

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It means that :

  • #cashiskingnomore
  • Death of the Global Financial Market's Reserve Currency status is at play.

Can tell why ether price rising so fast ? What is the main support or reason for its growing?

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