Everybody loves when we hit big, round numbers and I’m certainly no exception: big, round numbers mean fat, round payoffs for everyone!
The Flippening Is Upon Us!
I heard yesterday via KingOfDew’s update that Ethereum surpassed Bitcoin in daily transactions just a couple of days ago and with Bitcoin’s dominance having dropped to 39% of the total crypto market it appears the Flippening could be on the horizon. Ethereum currently sits at $36.8 billion to Bitcoin’s $44.8 billion, so with $8 billion to go and daily volumes approaching $2 billion we could potentially see this happen before August.
Many analysts have remained cautiously optimistic about the rise of Ethereum; I know just a month ago a lot of people said it could happen by the end of the year, maybe another two years, but given the ridiculous amount of action we’ve seen in the markets lately we could easily see Ethereum overtake Bitcoin’s market cap in the next several weeks, if not months.
The Internet of Things launched it’s way to a $1.5 billion market cap, taking sixth place in market cap on coinmarketcap after its debut on Bitfinex yesterday.
After the excitement of last week’s pump the correction we experienced over the weekend has been described in terms ranging from “healthy” to “bloodbath.” Today it seems like we’re settling back into the bull run. The Blockchains + Digital Currencies conference is today so I imagine we’re seeing a little bit of excitement from that.
- June 27: I’m looking forward to the Stellar Lumens giveaway, so get your bitcoins ready for that!
- June 26-28: Money 20/20 Europe
- July 1: Zcash launches on AlphaBay and I imagine we’ll see a healthy pump from that. They’ve already been doing great the past month so congratulations to Zcash!
I would love to know what’s on your trading calendar and your thoughts on when the Flippening will take place. Please leave comments, questions, love, and suggestions below.