Flippening(The Flippening scenario) Beginner's guide
Flippening describes the hypothetical scenario in which Ethereum's total market capitalization surpasses Bitcoin, making it the largest cryptocurrency by market capitalization. As of the evidence update date, this has not occurred.
Flippening What is the Flippening
Flippening is a popular term that emerged around 2017 and refers to the hypothetical total market capitalization of Ethereum（ETH) surpassing that of Bitcoin（BTC), thereby taking the top spot among cryptocurrencies by market capitalization. It discusses a possible change in their relative rankings and does not represent an event that has already occurred or guarantee a future outcome.
How to observe and understand it
Market capitalization is typically estimated by multiplying the circulating supply by the current market price; results may differ slightly if coins suspected of being lost are excluded from the calculation. Both supply and price fluctuate, so the gap between the two continues to change.bitcoin dominance may serve as a relevant reference, but its decline only indicates that Bitcoin's share of the overall market is decreasing; it cannot alone prove that Flippening is imminent.
Why it remains hypothetical
Although during periods such as mid-2017 and early 2018,Ethereum and other altcoins attracted more attention,Bitcoin remained the largest by market capitalization. Supporters often emphasize Ethereum's programmability and smart contracts, while others focus on Bitcoin's first-mover position, fixed supply, and perception as a store of value; these factors cannot determine the final ranking.
Original Tutorial
https://www.binance.com/en/academy/glossary/flippening
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