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Imagine you are playing a game of musical chairs and the person who sits in the leader’s chair changes each time the music stops. Similarly, in the crypto market, the flippening refers to the potential event of a new cryptocurrency surpassing Bitcoin as the most valuable and widely used cryptocurrency in the market. It’s like in the game of musical chairs, Best index funds 2021<\/a> the leader keeps changing, in the crypto market, the leader in terms of market capitalization and adoption can change as well.<\/p>\n<\/p>\n BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. The assumption that Ethereum gives better freedom and the added benefit of being able to write smart contracts was a crucial aspect that prompted predictions that a flippening might occur. To some extent, internal flippening already happened in 2019 when the number of ERC-20 transactions surpassed the number of transactions completed using Ethereum itself. Even though Bitcoin is the first cryptocurrency and it has the biggest market cap at the moment, in 2018 it was plunged at certain points which gave Ether fans the idea that the flippening could occur in the future.<\/p>\n<\/p>\n<\/p>\n
Bitcoin Eyes $70,000, Vitalik Buterin Outlines Ethereum ‘Scourge’ Upgrade<\/h2>\n<\/p>\n