Flippening meaning is the possibility of market capitalization of ETHereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Hence, the term refers to the hypothetical situation in the future when Ethereum overtakes Bitcoin to be the largest cryptocurrency in terms of market capitalization.
The term market capitalization of a cryptocurrency is defined as its circulating supply multiplied by its current market price. It is a measure of how dominant a cryptocurrency is in the market. At the moment, Bitcoin is ranked first in market cap, followed by ETHereum.
Although BTC has always been the number one cryptocurrency by market capitalization, its market dominance dropped significantly in recent years. This reduction was particularly amplified in mid-2017 and early 2018. During those periods, many ETHereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts, and Ethereum’s new Proof of Stake (PoS) mechanism, would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred.
In conclusion, flippening meaning is the imaginary situation where ETHereum overtakes Bitcoin to become the most dominant cryptocurrency in the world. Who knows, this may be the case in the future.
