Ether’s growth as independent asset fuels ETH-BTC flippening narrative
There is growing data to suggest that the coming few months and years could see Ether truly deliver on its ‘flippening’ promise. The narrative surrounding Ether (ETH) of it fast transforming into an independent asset has been around for some time now. However, the last few months have seen this notion gain an increasing amount of mainstream traction, as is best highlighted by the fact that, since Oct. 1, ETH has showcased substantial northbound movement against Bitcoin (BTC). To put things into perspective, toward the beginning of November, the one-month realized correlation between the....
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It’s Ethereum time to shine. The smart contracts pioneer is doing so well lately that the flippening narrative returned. With a vengeance. The flippening refers to the hypothetical time when ETH’s market capitalization surpasses that of BTC. Will that ever happen? Can Ethereum dethrone Bitcoin and become the king of the crypto space? And if […]
Word on the street is that every time people start talking about “The Flippening,” the market crashes. The possibility of a mythical time when Ethereum’s market capitalization surpasses that of Bitcoin is a common meme in the crypto industry. And this time, it was close. This year, Ethereum’s growth is not to be ignored. Is […]
Celsius Network CEO Alex Mashinsky suggested that Ether has already started “flippening” Bitcoin in U.S. dollar terms. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky.In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already happening right now.Mashinsky said that the flippening has already happened on Celsius. “We....
Ethereum continues to make waves on the cryptocurrency landscape, with developers introducing new applications that take advantage of its smart contract and crowdsale capabilities. The Ether’s market cap has soared above $1 billion recently. As Ethereum grows, it earns media coverage which in turn fuels its growth. The New York Times recently ran a feature story noting its value has spiraled 1,000% in the last three months and is attracting interest from major financial companies that are using it for private blockchains and smart contracts, CCN reported. Coinimal, a Vienna, Austrian-based....
The long-term direction of the trend is being decided at the current level. The bulls are at the bottom limit of the flat, so the growth of Ether’s price can continue up to $13 - 14. ETH/USD. As we have predicted a week earlier, there was a rebound from the bottom limit of the long-term sideway movement, and Ether’s price has stopped at a key medium-term level of $8.3. The price has previously dropped right before this. At that moment big sellers have taken advantage of the situation and sold a large volume close to $7. After that, they started buying it back at $6. The fact that there was....