Cryptocurrencies
Is “Flippening” on the Horizon?
Fans of Ether have fingers crossed that the token could eventually overtake Bitcoin, upending more than a decade of dominance.
Photographer: Chris Ratcliffe/Bloomberg
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We’ve talked a lot about Bitcoin on the Bloomberg Crypto podcast — the world’s oldest, largest, and most popular cryptocurrency. But in this episode, we’re going to talk about the number two token — Ether, and about the blockchain it’s built on.
Ether’s market value is still about half that of Bitcoin’s. But a recent surge — a whopping 50% since mid-June — has some Ether fans hoping it’ll unseat the number one crypto.