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Firstly, what is the flippening?

As the first mover in the crypto space, Bitcoin has dominated the market since its inception in 2009.

When Ethereum appeared in 2015, a challenger was born.

As the platform’s technology rapidly advanced, the price of one Ether skyrocketed, reaching $1b six times faster than it took Bitcoin.

As the true potential of Ethereum spread throughout the crypto space, a prophecy began.

One day, Ethereum would overtake Bitcoin’s market capitalization, taking top spot as the most valuable crypto currency.

 

Here’s six reasons why the flippening could happen this year.

1) Bitcoin is dying

If the cancelled November SegWit2x debacle taught us anything, it’s that Bitcoin is in a truly sorry state. The community could not reach consensus around block size, a temporary solution to the unbearably slow and expensive transactions it currently suffers from.

Improvements to the network are shackled by inner strife between the various camps on the network, with powerful centralized miners seemingly running the show.

As the crypto space grows and more and more users join the Bitcoin network, it will continue to become slower and more expensive to use. Users will move their investments to more scalable networks such as Ethereum, where development is advancing rapidly.

 

2) Ethereum has the best development in the crypto space.

That sounds a bold claim, but it’s an accurate one. You don’t have to look far to see. Take for instance Devcon3, which took place November in Cancun, Mexico.

The event sold out, with over 2000 developers from around the world attending.

The range of topics discussed gives some indication of the true scale of development on Ethereum. Whether it be Sharding (scalability solutions), Zk-Snarks (anonyimity) or Casper (Proof of Stake), lectures received a huge amount of attention, both from those in attendence and on live streams globally.

 

3) Casper

Proof of Stake, which is now live on the testnet, will affect both the supply and demand of Ether.

Supply will be limited, with no new Eth created as the network moves awayfrom an inflationary mining based model.

Demand will be raised, as to participate in staking users of the network will need to accrue and lock away a large number of Eth (1000, 30, and long term 10 are all numbers that have been hypothesized) .

With reduced supply and heightened demand, the price of Eth is set only to move in one direction.

 

4) Ripple money will move

Ripple has seen a meteoric rise to take the number two spot on market capitalization.

Attention from mainstream media bolstered this rise, with the coin featured on cnbc, forbes, and the guardian.

But limitations within the coin, and the fact that it is not necessary for use on the platform, will likely see a fall in it’s value. If Ripple turns out to be a large scale pump and dump, it’s likely that a large share off the $120b market cap could see Ether as the most attractive alternative.

 

5) EEA

The Enterprise Ethereum Alliance is big news for the price of Ether. It currently connects the Fortune 500, including the giants of Microsoft, Intel and BP, with the Ethereum network. Through this connection Ethereum promises to be the de facto blockchain protocol for the business world.

As this alliance develops, we will likely see a greater flow of institutional money into Ethereum, and a much higher price.

 

 

6) dApps

Today, many of the top 100 cryptocurrencies are built on the Ethereum network. OmiseGo, Golem, Augur, to name just a few, are building systems that will revolutionize everyday life. As more and more of these projects develop towards live release in 2018, a substantial buy pressure will affect Eth. That’s because to use these networks a small amount of Ether must be converted into Gas, to power the global Ethereum Virtual Machine.

 

 

 

These 6 reasons touch only the surface. With the Ethereum technology developing rapidly, and more and more investors falling out of love with Bitcoin, could 2018 be the year of the flippening?

 

(Flippening Watch provide daily updates on the rise of Ethereum)

 

 

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