The Flippening
A hypothetical moment when Ethereum's market capitalization overtakes Bitcoin's, becoming the largest crypto asset.
The bet that Ethereum will one day be worth more than Bitcoin. The idea gained a name around 2017 and resurfaces whenever ether outperforms during a rally.
It has never happened. Bitcoin has held the top spot by market capitalization since the start, and its dominance metric is tracked partly to watch for any flip. Maximalists on both sides treat the question as a loyalty test.
Related terms
Bitcoin's share of the total crypto market capitalization, used to gauge where money is rotating.
Market CapThe total value of a coin's circulating supply, found by multiplying its price by the coins in circulation.
Vitalik ButerinThe Russian-Canadian programmer who proposed Ethereum in 2013 and remains its most influential public figure.
MaximalistSomeone who believes one chain, usually Bitcoin, will dominate and dismisses most other crypto assets.