by The Flippening – it really happens?
Flipper jumps! Image of “Null0” via Flickr.com. License: Creative Commons
Bitcoin reached with 2.500 euros a new all -time high. What would normally be an unconditional cheer? There is “Flippening”, the change at the top of the cryptocurrencies? We look at whether the concern is really relevant ..
Let’s start with the good, wonderful message: on Bitcoin.de are currently Bitcoins for around 2.Calculated 550 euros. This crazy price surpasses everything that even the boldest optimists have hoped for. When I made a survey of the price in a year in September 2016, I noted that readers are exceptionally optimistic – because many expected Bitcoin to be worth more than 500 euros in one year.
This is how it can go. Bitcoin as an investment again performs outstandingly, and nobody would have suspected that the day would come so quickly when you can buy a used small car or an Ikea kitchen with a single Bitcoin. You can react differently to this news than with a jubilee cry that can be heard into the neighboring town?
Yes. Apparently you can. In the crypto scene you will find more and more people who either look slightly jealous from Bitcoin on some old coin – or a little pitying on Bitcoin from the old coins. Because while the profits with Bitcoin are in a 3-digit percentage range, numerous old coins with profits in the 4-digit percentage range are triumphant. Some therefore begin to talk about the “flippen sing” – the event in which the coin turns around and no longer Bitcoin is the engine of cryptocurrencies, but another currency.
Can happen that? We take a look at what happens to Bitcoin in the ranking of the cryptocurrencies in the places – and which coin has the potential to push Bitcoin off the throne.
How old coins put the Bitcoin Profits in the shade
If there is a website that you cannot do without if you think about the flipping singing, then the coinmarketcap is.com. This page maintains API connections to numerous stock exchanges and documents the course of all cryptocurrencies that are traded on them. By multiplying the price by the number of coins, it receives the “market capitalization”, ie the total value of a cryptocurrency.
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.