‘Wen Flippening?’ Crypto Fans Wager on Ether Surpassing Bitcoin
- Bitcoin’s market value is still more than double that of Ether
- Optimism is growing over long-anticipated Ethereum upgrade
Ether’s surge has fans predicting its destined to take over Bitcoin as the No. 1 token.
Photographer: Jack Taylor/Getty ImagesBitcoin, the world’s biggest cryptocurrency, has always reigned supreme in the land of digital assets. But now, thanks to an eye-popping surge by Ether, fans of the No. 2 token by market value are reviving predictions that it is destined to one day take over the throne.
In crypto parlance, it’s known as the “flippening” -- and it’s still likely a ways off, if it happens. Ether’s market value of around $210 billion is less than half the size of Bitcoin’s even after Ether surged 50% over the past month. And yet, believers are energized with a fresh optimism as a milestone approaches that they say will increase the chances of it happening -- perhaps sooner rather than later.