'Flippening' Flop? As Ethereum's Price Pulls Back, Market Remains Bullish
After weeks of torrid growth, it seems ether's much-hyped 'Flippening' may be on the verge of falling short.Just weeks ago, the cryptocurrency that powers the ethereum blockchain looked poised to become the world's largest by market capitalization, making ethereum the most valuable public blockchain. But as the calendar turns to July, that trend appears to be becoming less of a certainty.
After peaking at nearly $415 in mid-June, ether's price declined to roughly $300 yesterday, an approximately 27% drop from its all-time high. Further, with this decline, ethereum's market cap fell to less than 70% of bitcoin's, down from more than 82% mid-month.
http://www.coindesk.com/flippening-flop-ethereums-price-pulls-back-market-remains-bullish/