The Flippening: When Will Ethereum Dethrone Bitcoin as King of Crypto?

The concept of “Flippening” gained traction back in 2017, describing the hypothetical scenario where [Ethereum]( (ETH) could overtake [Bitcoin]( (BTC) to become the largest [cryptocurrency]( by market capitalization. This term has become shorthand for crypto’s biggest showdown—a potential power shift in the digital asset rankings.

What’s the Current Score?

As of now, Bitcoin maintains its dominance with a flowing market cap of $1763.92B and controls 54.96% of the total cryptocurrency market share. Meanwhile, Ethereum, the second-largest digital asset, holds a market cap of $361.10B with an 11.25% market share. The gap remains substantial, yet the discussion around a possible Flippening continues to resurface whenever market conditions shift.

How Market Cap Actually Works

For those new to the concept, cryptocurrency market capitalization is calculated by multiplying the circulating supply by the current trading price. This metric determines ranking within the industry, though some calculations exclude lost or inaccessible tokens from the equation.

The Rise and Fall of Flippening Fever

Bitcoin has maintained its number-one position since inception, but its market [dominance]( has experienced notable fluctuations. The most dramatic decline occurred during mid-2017 and early 2018, when Bitcoin’s control slipped considerably. During this period, Ethereum enthusiasts became vocal about the possibility of a Flippening, convinced that Ethereum’s superior flexibility and smart contract capabilities would eventually push it ahead in rankings.

Proponents argued that these technological advantages—particularly the ability to execute complex programmable transactions—would inevitably lead to Ethereum surpassing Bitcoin in value. However, despite these predictions, the Flippening has never materialized. Bitcoin’s first-mover advantage and network effects have kept it firmly in the lead.

Tracking the Progress

For anyone curious about monitoring Ethereum’s performance relative to Bitcoin over time, the Flippening watch website serves as a useful resource for tracking real-time comparisons and historical trends between these two crypto titans.