Ethereum Will Not Flip Bitcoin After the Merge
Breaking Down Why Bitcoin Will Remain the Top Cryptocurrency by Market Cap
Ethereum is the world’s second-largest cryptocurrency. It’s second only to bitcoin. Everyone is watching the crypto markets as ethereum prepares to merge from proof of work to proof of stake in mid-September.
The “merge” has been discussed and delayed for years, but it looks like it’s finally happening. Since June lows near $900, ETH has rallied 100% as excitement around the merge heats up.
Current Market Caps
Bitcoin remains the top cryptocurrency with a total market capitalization near $450,000,000,000. Ethereum comes in at number two with a total market capitalization near $230,000,000,000.
For years, these two cryptocurrencies have held these positions atop the charts. Also, for years, Ethereum optimists have longed for “the flippening” or the day that Ethereum overtakes bitcoin in terms of total market cap.
- BTC: $450,000,000,000
- ETH: $230,000,000,000