Most of the crypto-space is split between Bitcoin and Ethereum, and that they might be forever. The talk about will Ethereum flip Bitcoin is an ongoing one and there are some people that will never throw in the towel to the fact of it. what’s the fact you ask? Well, that’s what we are answering here once and for all.
Ethereum or Bitcoin – Will Ethereum Flip Bitcoin?
If you’re unaware of what the “flippening” is, it’s actually a hypothetical. One where ETH market capitalisation finally overtakes BTC market cap on the charts.
Now, consistent with many, if you merely take a glance at the figures, it doesn’t seem like it’ll happen. In fact, this is often true in some ways, especially since ETH’s market cap is simply 50% of what Bitcoin is worth.
Plus, this discussion would be credible if their networks had been operating in a very similar and competitive measure. Bitcoin is primarily a store useful asset. On the contrary, Ethereum is delivering blockchain technology and decentralization into the hands of each person.
ETH has more competition from other networks like Cardano than it does from Bitcoin.
In the past, the ICO boom did manage to place ETH near BTC. However, at the instant, despite the surging DeFi and NFT space, it’s still far-off since their growths are correlated.
ETH could create dominance during this space since already more than 6% of its circulating supply is locked in Ethereum 2.0 which plans on making it a more scalable and sustainable network for long term.
If not now, is it ever possible that Ethereum flip Bitcoin?
Even if we consider it for the sake of argument, Ethereum could only flip Bitcoin if its growth trajectory is much more faster than Bitcoin’s growth. Within the past cycle, BTC’s growth reached 29.5x at its top, while ETH’s hit 120x. Now, these are good numbers and if the past data is taken into consideration, it’d seem that Ethereum could flip Bitcoin, right?
Except with this cycle, if BTC actually grows 30x then Bitcoin would be 2x the market cap of APPL and half Golds market cap. While ETH even at 120x would still only be adequate Apple’s MC.
ETH would want to grow by a minimum of 400x so as to become a threat to Bitcoin.
However, an honest thing is that because this growth is steady, the marketplace for either coin won’t see any random crashes.
If you are first time here you have to start with simple guide What is Bitcoin and What is Ethereum – More guides can be found on section Cryptocurrency Basics Explained
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