While the bear market is still in full swing, several experts are currently discussing when the \u201cflippening\u201d will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization.<\/p>\n
Ethereum is considered the most likely option by many crypto investors \u2013 including Jordi Alexander, CIO of Selini Capital. In an interview<\/a> with Crypto Banter, Alexander said that he\u2019s not really a proponent of the flippening, but believes it will happen at some point.<\/p>\n \u201cI do think it\u2019s going to happen, temporarily at least. It may not stick. I think it\u2019s likely that it will flip and then we\u2019ll see a re-flip,\u201d the CIO said. Further, he stated that he is generally an advocate of Ethereum as it has a lot of use cases as a decentralized app network<\/a>.<\/p>\n \u201cBut I\u2019m not one of the believers in ultra sound money,\u201d Alexander continued, stating that the meme that ETH is a better version of Bitcoin and a better version of money, in his opinion, completely misses the point of game theory and psychology of crypto.<\/p>\n Not a meme, on the other hand, is a supply squeeze<\/a> that Ethereum will see at some point, he said. \u201cI think it\u2019s a great tech investment. And I think the tokenomics are great and that we\u2019ll see a supply squeeze at some point. [\u2026] It\u2019s not just a meme. At some point you will run out of coins and where we will see an explosive movement,\u201d Alexander predicted.<\/p>\n For retail investors, Alexander recommended that they allocate half of their capital to Bitcoin and Ethereum, with a weighting of 60% ETH and 40% BTC, considering the current market conditions. The remainder he would allocate to identifying new narratives.<\/p>\n Not only the CIO of Selini Capital but also the senior analyst at Bloomberg Intelligence, Mike McGlone, predicts<\/a> an outperformance of Ethereum versus Bitcoin. McGlone stated<\/a> yesterday that Ethereum could be the top candidate to keep topping the first-born cryptocurrency.<\/p>\n \u201cEthereum\u2019s advances vs. Bitcoin have been unshaken by 2022 deflation in most risk assets and may be gaining underpinnings,\u201d McGlone said. As the Bloomberg analyst notes, the Ethereum\/Bitcoin ratio is currently around 0.08, the same level as in May 2021, when the Nasdaq 100 stock index was about 20% higher.<\/p>\n Our graphic shows the trend of the no. 2 cryptocurrency outperforming no 1, which appeared coincident with the rise of risk assets. [\u2026] <\/strong><\/p>\n Migration into the mainstream is our takeaway, and once dust settles from some reversion in risk assets amid inflation pressures, Ethereum is more likely to resume doing what it has been \u2014 outperforming.<\/strong><\/p>\n Chris Burniske who led ARK Invest\u2019s crypto efforts and is now a partner at Placeholder VC commented<\/a>:<\/p>\n ETH will make its most serious attempt yet for #1 position next expansion.<\/strong><\/p>\n The expert referred to a tweet by Ryan Berckmans, in which he outlined that Ethereum is well on its way to the flippening. \u201cThe ratio has never done so well in a bear market,\u201d Berckmans stated.<\/p>\n At press time, the Ethereum price stood at $ 1,211 and was rejected at crucial resistance at $1,220.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n While the bear market is still in full swing, several experts are currently discussing when the \u201cflippening\u201d will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization.<\/p>\n Ethereum is considered the most likely option by many crypto investors \u2013 including Jordi Alexander, CIO of Selini Capital. In an interview<\/a> with Crypto Banter, Alexander said that he\u2019s not really a proponent of the flippening, but believes it will happen at some point.<\/p>\n \u201cI do think it\u2019s going to happen, temporarily at least. It may not stick. I think it\u2019s likely that it will flip and then we\u2019ll see a re-flip,\u201d the CIO said. Further, he stated that he is generally an advocate of Ethereum as it has a lot of use cases as a decentralized app network<\/a>.<\/p>\n \u201cBut I\u2019m not one of the believers in ultra sound money,\u201d Alexander continued, stating that the meme that ETH is a better version of Bitcoin and a better version of money, in his opinion, completely misses the point of game theory and psychology of crypto.<\/p>\n Not a meme, on the other hand, is a supply squeeze<\/a> that Ethereum will see at some point, he said. \u201cI think it\u2019s a great tech investment. And I think the tokenomics are great and that we\u2019ll see a supply squeeze at some point. [\u2026] It\u2019s not just a meme. At some point you will run out of coins and where we will see an explosive movement,\u201d Alexander predicted.<\/p>\n For retail investors, Alexander recommended that they allocate half of their capital to Bitcoin and Ethereum, with a weighting of 60% ETH and 40% BTC, considering the current market conditions. The remainder he would allocate to identifying new narratives.<\/p>\n Not only the CIO of Selini Capital but also the senior analyst at Bloomberg Intelligence, Mike McGlone, predicts<\/a> an outperformance of Ethereum versus Bitcoin. McGlone stated<\/a> yesterday that Ethereum could be the top candidate to keep topping the first-born cryptocurrency.<\/p>\n \u201cEthereum\u2019s advances vs. Bitcoin have been unshaken by 2022 deflation in most risk assets and may be gaining underpinnings,\u201d McGlone said. As the Bloomberg analyst notes, the Ethereum\/Bitcoin ratio is currently around 0.08, the same level as in May 2021, when the Nasdaq 100 stock index was about 20% higher.<\/p>\n Our graphic shows the trend of the no. 2 cryptocurrency outperforming no 1, which appeared coincident with the rise of risk assets. [\u2026] <\/strong><\/p>\n Migration into the mainstream is our takeaway, and once dust settles from some reversion in risk assets amid inflation pressures, Ethereum is more likely to resume doing what it has been \u2014 outperforming.<\/strong><\/p>\nEthereum (ETH) Could Outperform Bitcoin<\/h2>\n
Ethereum (ETH) Could Outperform Bitcoin<\/h2>\n