The Flippening (Ethereum vs. Bitcoin)

The Flippening - Market Cap

52,7%

The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. At 100% they both have the same market capitalization. Even though market cap is the main metric to determine "The Flippening" (above), there are a number of other metrics that can be observed (below).

Active Addresses Flippening

62%

Transaction Count Flippening

>100%

Transactions Volume Flippening

39%

Trading Volume Flippening

69%

Total Transaction Fees Flippening

>100%

Google Search Interest Flippening

28%

What do the metrics show?

Active Addresses
Active Addresses are the number of unique addresses that send or receive a transaction in a given week. Since ETH addresses tend to get used more than once while in Bitcoin it's good practice to use a different address for every transaction, the Bitcoin numbers are inflated and thus the metric disadvantages Ethereum. Source: Coinmetrics

Transaction Count
The Transaction Count shows the relation of total onchain transactions that happen on the network. (100% means Ethereum has flipped Bitcoin in that metric) Source: Coinmetrics

Transactions Volume
The total amount of USD that gets sent over the network. Note that it only compares ETH transfers with BTC transfers. With Token and Stablecoins transfers Ethereum is way above 100%. Source: Coinmetrics

Trading Volume
The adjusted exchange trading volume for BTC and ETH. Source: Coingecko

Total Transaction Fees
The total USD value of fees paid to make a transaction on the network. (100% means Ethereum has flipped Bitcoin in that metric) Source: Coinmetrics

Node Count
The number of public reachable nodes. Source: bitnodes.io / ethernodes.org

Google Search Interest
How often do people search for 'Bitcoin' vs. 'Ethereum' on Google. Source: Google Trends

Disclaimer: Der Handel mit Kryptowährungen birgt ein hohes Risiko und kann bis zum Totalverlust des eingesetzten Kapitals führen. Keine der hier aufgeführten Informationen sind als Anlageberatatung zu verstehen. Alle genannten Kurse sind ohne Gewähr. Bitte beachten Sie dazu auch den den Haftungsausschluss im Impressum.
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