London, Europe Brief News – There has always been a debate between crypto enthusiasts about Ethereum (ETH) flipping Bitcoin since the introduction of cryptocurrencies.
Even this debate has led to the coining of the phrase “flippening” refer Ethereum overtaking Bitcoin in terms of value.
Talks of the flippening seem to have picked up intensity as the ETH has experienced a huge increase in value over the last couple of weeks.
On the other hand, Bitcoin did not enjoy as much success as its prices stayed still and even decreased in value.
It appears as if the days have gone by when a decrease in bitcoin’s price caused the major part of the cryptocurrency market to drop in price.
This article will help you understand how it’s getting very close for ETH to flip BTC much sooner than it was ever expected.
The Current and historic ETH-BTC exchange prices
The current exchange rate for 1 ETH is about 0.066 BTC. Which is not a very commendable exchange rate. In dollar terms, 1 ETH is approx equal to $2500 while 1 BTC is approx equal to $37,000.
Historically, ETH-BTC all-time high was about 0.11 ETH/BTC that was reached in 2017-2018.
DeFi role in Flippening
Bitcoin is greater in value simply because being the pioneer in the blockchain market.
The rest of the blockchain market was built and grew around it which make it even more special. It is also considered a form of digital Gold.
Bitcoin does not seem to have any actual use besides only being a digital store of value. It can never become a good currency as anyone like spending them because they feel like the price may increase.
On the other hand, Ethereum has no interest in becoming a digital store of value. It can never have good store value with an excessive amount of supply of the coin.
Ethereum was genuinely created as a way to organize contracts which are automatic contracts executed by code.
Ethereum classic price prediction 2025
The price of 1 Ethereum classic is forecasted to reach at a minimum range of $116.13 in 2025.
The ETC price is predicted to reach a maximum level of $120.44 in 2025.
Ethereum classic price prediction 2030
The price of Ethereum Classic is forecasted to reach at a minimum level of $683.13 in 2030.
The Ethereum classic price can reach a maximum value of 825.50 throughout 2030.
