Hardcore Bitcoin enthusiasts will not like hearing this but Ethereum is on the cusp of overtaking Bitcoin in market capitalization. Granted Bitcoin's numbers are fixed while Ethereum's are not, the market capitalization 'Flippening' speaks volumes to the fact that Bitcoin's dominance is no longer guaranteed. It appears as though Ethereum does not want to 'play second fiddle' to Bitcoin, it wants to be the Pied Piper of crypto-currency and lead the way.
Bitcoin's current market capitalization stands at around $47 Billion (US) while Ethereum's comes in at around $37 Billion (US). That is around a 23% jump in market cap. for Ethereum, so at about roughly $500 per Ethereum, it becomes the World's number 1 crypto-coin.
Bitcoin will most likely still outpace Ethereum in terms of actual transactions taking place, but that too could be threatened should the Dapps, to be created in the future and fueled by Ethereum, become popular with the rest of the World.
This flippening can be scary though!
Will Bitcoin cede its dominance? Or will Bitcoin continue to hold its crown and catapult into the $5,000 (US) range?
Full Steem Ahead!
06/12/2017
@streetstyle
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