Is the Ethereum Flippening Still on the Cards?

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Summary

The private key for the smart contract is the coded rules within the smart contract itself upon which it automatically acts. While your wallet requires a private key to move funds, the smart contract does not require a private key. Almost as long as the last time we had heard of the flippening, a term of art used to describe the point ethereum overtakes bitcoin in market cap to become the very top crypto. Ethereum has further established many trading pairs against other cryptos, but bitcoin does still dominate there. Ethereum, is to have that halvening within about four-five weeks when new issuance is to be reduced by 33%.

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Something strange happened earlier today. For a brief few hours, ethereum’s price was up while bitcoin was down, a sight we had not seen in a very long time.

Almost as long as the last time we had heard of the flippening, a term of art used to describe the point ethereum overtakes bitcoin in market cap to become the very top crypto.

Right now, eth has some long way to go to flip. Its price would have to rise to about $1,000, quite a bit more than the current $220. That’s assuming bitcoin doesn’t move at all from its current $111 billion market cap.

But could it happen? It nearly did on June 18th 2017 when ethereum almost overtook bitcoin. Now, however, the gap has widened considerably:

Ethereum and bitcoin market share, September 2018.

The current gap between bitcoin and eth is in fact near December levels when it was the biggest since bitcoin started losing considerable market share to other cryptos due to its lack of innovation and due to its inability...

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