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The Flippening

The Flippening is the name given to a possible future moment when Ethereum’s total market value becomes larger than Bitcoin’s. Market value, or market capitalisation, is calculated by multiplying a cryptoasset’s price by the number of units counted as circulating. The comparison is not about one ether becoming more expensive than one bitcoin. Ethereum could overtake Bitcoin in total value while each ETH still has a much lower price. The term began as a crypto-community idea and is often used when Ethereum gains ground in market share or activity. It is a hypothetical milestone, not a scheduled event or technical signal.

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