Ethereum Scenario: Bitcoin Will Pass By This Date

In the cryptocurrency world, Ethereum has always been treated as a Bitcoin competitor. There have been opinions about this recently. There are even dates. Let’s look at the details of our news.

New Ethereum scenario

The issue of when Bitcoin will be overtaken for Ethereum remains lively in minds. At this stage, a cryptocurrency analyst has opinions. He shares this with a chart. Analyst Morgan Bennett looks at the “domination” of Bitcoin (BTC) and Ethereum (ETH). So, the net cryptocurrency segment shared the market cap percentage charts. So what is the much anticipated “flippening” by the ETH community? In short, surpassing Bitcoin. He pointed out two trend lines that could show the timeline for this. It is in question that ETH will surpass Bitcoin (BTC) in 2025-2026.

While Morgan Bennett might not call himself a technical analysis “fan,” he is confident that two trends are clear. While the dominance of Bitcoin (BTC) is shrinking, that of Ethereum (ETH) is growing. If both trend lines are valid, there is a “reversal”. Accordingly, it will happen in the next two or three years. Accordingly, in the graph drawn by Bennett, this event takes place in the 4th quarter of 2026. The altcoin market has a growing size. Therefore, both cryptocurrencies will be responsible for 23%-24% by the moment of “flippening”. In this context, Ethereum (ETH) will “slowly”, “gradually”, “suddenly” surpass Bitcoin (BTC). On the other hand, with the disappearance of the “Digital Gold” narrative for both cryptocurrencies, there is a victimization.

If Bitcoin is passed

At the time of writing, the largest cryptocurrency, Bitcoin (BTC), represents more than 46.2% of the cryptocurrency market cap. The share of Ethereum (ETH) exceeds 19.5%. The third largest cryptocurrency, Tether (USDT) stablecoin, accounts for 7.36% of the net crypto market capitalization. The two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), were at their closest point to “flippening” six years ago, in mid-June 2017. Bitcoin (BTC) was responsible for 37% of the market and Ethereum (ETH) made up 32%. In contrast, in September 2019, the market cap of Bitcoin (BTC) was 10 times greater than the market cap of Ethereum (ETH). Because Ethereum suffered much more than the 2018-2020 crypto winter.

“Flippening is possible, but the line is ridiculous,” says crypto expert Chris Blec. But Bennett’s followers agree with his calculations. On the other hand, some cryptocurrency enthusiasts emphasized that they are tired of the “flippening” narratives that have been circulating since the launch of Ethereum (ETH) in June 2015. Chris Blec, author of the Blec Report project, prominent DeFi analyst and influencer, states that Bitcoin (BTC) in general has a good chance of being surpassed by ETH. However, he says the accuracy of the above-mentioned model should not be exaggerated: Bennett emphasizes that he agrees with this point of view. However, he added that even if Ethereum’s (ETH) dominance was initially assumed to be 0, it was impossible to find a function that did not predict a reversal. cryptocoin.com These discussions do not seem to end, as ETH has always been seen as a Bitcoin competitor.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram And YouTube join our channel!

Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

Show Disclaimer


source site-2