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Strange things are happening in Crypto Currency market. The rise of Ethereum asks this important question, is “flipenning” about to happen?
Not long back, about a week ago, Ethereum’s market cap touched 50 % of Bitcoin value. June 12 saw Ethereum price reaching to $396. Now this is interesting as Ethereum seems to be crawling fastly to to Bitcoin’s market cap of $46 billion.
The Flippening is almost here! https://t.co/tr0jCGuev2pic.twitter.com/xr8ZU26qz2
— Eli Dourado (@elidourado) June 12, 2017
The recent price rally needs to be studied deeply. At this moment, Ethereum is almost $10 bn away from Bitcoin value and the recent trends surprisingly suggest, it may touch and challenge Bitcoin in a very short time than actually expected.
Also See: Bitcoin’s ride has taken it to an un-expected life time high
According to one source, the Ethereum blockchain has bloated by +700% in the past 12 months: now about 180 GB. https://t.co/wKVqyqy6G7pic.twitter.com/XfH5He4gRL
— Tuur Demeester (@TuurDemeester) June 12, 2017
The biggest question is. With emergence of Ethereum, is that an end of an era for Bitcoin?
Via: Coin Telegraph
