ETH will be #1 crypto? ETH BTC Flippening - here we are again?

May 16, 2021

Hello, today I want to show you something interesting. In a past idea, I mentioned a target of 5k -10k for ETH and I believed it was really undervalued. We are still not there, but at least those targets do not seems so crazy now.

However, I do not want to talk about Eth's ride which is in front of everybody's eyes, but rather about the flippening. If you are new in the crypto space you probably never heard about this word, which appeared first in Jan 2018 when Eth market cap was approaching the BTC one, to finally dissolve during the bear market as every coin lost 90%+ and the first position of BTC seemed to be unapproachable. The entire crypto world was not sure to survive, and if some coin surpassed BTC at that time, it would have been the end.
However, with the recent rally, the closest "competitor" of BTC was able to erode the distance and "flippening" came out again. Indeed, there will probably be a day in which BTC will not be N1 crypto by market cap. It does not mean it is not the best thing the world has created in the past decade, by simply that another project would be more used.

Indeed, while BTC is the concept of Blockchain applied to money, ETH is the blockchain that can theoretically be applied to EVERYTHING. If Eth will manage to maintain its promises, it is difficult to think that it will not be the N1 crypto out there.

If you look at the chart, which represents the % of the market cap of ETH vs BTC, Eth has been rejected at 50%, which was a level never touched since May 2018 (3 years ago). A small retracement is normal now, but let's see if the price will be able to break up that level. It can be the indication that this is going to be the right time for ETH to reach BTC.

And what do you think? Will the "flippening" finally occur sooner or later? When? Will it be Ethereum or some other coin?

Let me know if you are interested in other indicators I use and I will be happy to release them one by one.