The flippening has happened already in the dreams of ETH fanboys/girls, with 92M tokens circulating it's not that hard to surpass the marketcap
Meaningless. It's not about ETH's number of coins in circulation, it's about how it's distributed and handled by people. For example, one important method that ETH have to shove up the market cap is by getting coins locked into useless ICOs for months.
I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!
bitcoin has always been the "king" but not because of the volume nor because of the market cap, nor even the price.
but it has been that because of its reliability, security, decentralization, and most important of all "the adoption". in other words the real world usage by merchants. and the more utilities it gains the bigger it gets.
the flippening was and is more like the pumpening than anything else. you can see all the accounts of those who were advertising it is now offline for days ever since the dumpening began!
The price of all cryptocurrencies, including Bitcoin, is about the adoption that it could potentially have in the future rather than the adoption that it has now. Bitcoin's adoption has not doubled in the past couple of months - if anything it has decreased from when Fiverr and Dell stopped accepting it.
Ether's price in terms of "the flippening" is not insane because of its lack of adoption with merchants. It's insane because Ether would not be practical to use at merchants - it simply isn't scalable, and fees are pretty bad as well. After LN is implemented on Bitcoin, Ether will only be relevant for ICO hype which will eventually die down.
There are currently cryptocurrencies that are worth a high price, hidden in the lower ranks. Ether is a full blown hype machine, and "The Flippening" is both a self-fulfilling prophecy and a myth.
