In this way, LTC never lost its supremacy as the more liquid and convenient coin for transactions and payments. Charlie Lee had predicted a “flappening” back in February this year, but he probably never considered the potential for a fork. Since then, the ABC side of the fork has claimed the ticker and Bitcoin Cash brand. Although many consider the Flappening has already happened, the next target will be to get the fifth position. Now, Chainlink is waiting with a market valuation of around $5.05 billion. In order to deliver a personalized, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer.
YOU STOLE MY THE FLAPPENING!!!! GRRRRR 😂😂 I WANT ROYALTY FIR THST
— LOLCOW UNIVERSITY (@reeeebus) July 3, 2021
The Crypto bulls saw in dismay with the tables turning on the broader digital assets’ market during the year. The major resulting factor from this Bearish run was the climb of BTC’s dominance from the historic lows of 38% earlier in the year to the current 55%. As the market cap for the broader Crypto market cap shrank drastically so did the share of Alt. coins as the ETH/BTC falling to about 16% at the time of writing. Flappening is a colloquial term coined by Charlie Lee in early 2018 to describe the moment when Litecoin surpassed Bitcoin Cash in terms of market capitalization. It is a humorous play on words on the term Flippening, which is defined as the moment Ethereum will potentially overtake Bitcoin in terms of market cap. The market capitalization of a cryptocurrency is defined loosely by its circulating supply multiplied by its current market price (although some measures don’t take into account coins or tokens that were lost).
Reply To Post: Re: Why Is It Called The Flappening?
The Market share chart shows a couple of unsuccessful attempts by Ripple to grab the second spot before finally ‘flippening’ Ethereum over. The chart also signifies that Bitcoin is the only digital currency with some kind of consistency in the market share hovering around 50% with a bull run reducing the market share while a downturn increasing the same. There is one anomaly of about 90% market share at the beginning of the chart which is the time period when there were very few Alt. coins existing thus the lion’s share of the market share went to Bitcoin. The other two digital coins on the chart are Bitcoin Cash & Ripple – the former has recently undergone a hard fork thus the sharp drop in market share.
Since this date, the use of the term has been expanded to include the overtaking of other important altcoins. The wind that day didn’t reveal that Trump is bald (of course he’s bald). It revealed that he’s a shallow, vain, superficial liar, who thinks he’s somehow fooling an entire nation of people into believing he’s got great hair even though we can see him. The Emperor Has No Hair, and I’m cool with laughing at how foolish that makes him. The BCH community is one of the most vocal in cryptocurrency circles, often viewing themselves as representing the original Bitcoin. Even though BCH is the most successful fork of Bitcoin so far, Litecoin sees itself as the next best crypto after Satoshi’s pioneering crypto. In recent weeks, the project has moved up the rankings all the way to seventh in terms of market cap. This news is very positive in that it goes once more to prove just how resistant the crypto market is to those artificially looking to steer the project in a way the users of these systems disagree with. This experiment has also resulted in the loss of millions of dollars invested to push it. When they say “real long term holders support bcash” they only mean Roger.
Who Designs The Stock Trading Software For Hedge Funds?
This reduction in fees could act as a boost to help adoption grow under the ‘medium of exchange’ use case, which has been a longstanding visionary statement for the open source cryptocurrency project. In the last 24 hours alone, Litecoin had over 50,000 active addresses vs. the 13,000 for the winner of crypto’s latest forking war. It’s a significant lead given that BCH was an airdrop to the majority of crypto participants in June 2017, whereas Litecoin had to be mined or bought on a trading platform . Charlie Lee is celebrating that Litecoin has overtaken Bitcoin Cash in terms of total market cap. The main question would be to understand whether Litecoin will be able to leave the bear market against Bitcoin. If that happens, very positive things could come to Litecoin holders and long term investors. Litecoin is expected to continue growing if Bitcoin keeps in its bull trend. During a conversation with UseTheBitcoin, Konstantin Anissimov, Executive Director at CEX.IO, said that it seems that both Bitcoin and Ethereum , could continue moving higher from a technical perspective.
- Earlier this month, Coin Rivet brought you the story of how Charlie Lee had been using a combination of Litecoin and the Lightning Network to ‘instantly’ buy Amazon gift cards.
- This is a kind of projection that I’ve seen in BCash infested forums; it screams of insecurity ; not to mention it is a demonstrable lie.
- Today the coin is trading +3.50% against the US dollar to signal a possible run.
- As far as I can see, anywhere on their site its pretty clear they’re talking about BCH when they talk about BCH and BTC when theyre talking about BTC.
- By some metrics, Litecoin had always been ahead of Bitcoin Cash – it handled more transactions and higher volumes, while constantly discovering new blocks four times faster .
Both Bitcoin Cash and Litecoin are among the many cryptocurrencies in the green after a tough month where the bears had all the say on the market. AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the flappening best apps to download. If you are the developer of this app and would like your information removed, please send a request to and your information will be removed. If you also look at fees, driven by recent network optimisations,transaction fees for Litecoin have reduced ten-fold.
These cookies are completely safe and secure and will never contain any sensitive information. In virtually all walks of life, the mass proliferation of data is transforming the way we perceive the world. And only now are we waking up to its enormous potential for helping us make better, more accurate and more informed decisions. Data Driven Investor is dedicated to uncovering how ordinary people can best utilize data to make those decisions. Faisal is based in Canada with a background in Finance/Economics & Computers. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies.
And their block explorer might have been confusing, but they fixed that. As far as I can see, anywhere on their site its pretty clear they’re talking about BCH when they talk about BCH and BTC when theyre talking about BTC. It is obvious that the majority of real long term Bitcoiners do not support BCH. This is a kind of projection that I’ve seen in BCash infested forums; it screams of insecurity ; not to mention it is a demonstrable lie. That’s the reason why many people hodl their btc in their own cold wallets. Bitcoin Cash is the second priciest coin at the moment and that gives it some prestige. However, a lot needs to be done for the coin to truly say it can be better than BTC. Its comparison with LTC shows that it can more than match it in terms of speed and fees.
Today the coin is trading +3.50% against the US dollar to signal a possible run. The crypto has also lined up more than 30 meet-ups in April alone, suggesting that they are out to get more visibility and adoption. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Unlike Flippening that has not occurred as of April 2019, the actually happened as the market cap of Litecoin surpassed the one of Bitcoin Cash on the 14th of December 2018.
With the two biggest metrics measuring the strength of a digital coin being the price & its market cap LTC lagged behind its counterpart till the BCH split that happened last month. The Flappening has also seen a price hike for LTC by more than 10% in the past couple of days alone. It will be interesting to see whether Litecoin is able to hold on its edge in the long term. LTC was able to get the 6th position in the cryptocurrency market after outperforming Bitcoin Cash in the last few hours. In this way, LTC was able to reach a market cap of $4.85 billion and a price per coin of $73.60. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Litecoin fans have taken their leader’s prediction very seriously. Someone even createdFlappening.watch, a website which analyses various metrics by which LTC can overtake BCH. The website watches market capital, price, number of active addresses, number of daily transactions, daily trading value, daily mining reward, and average block time. However, LTC was created in 2011, way before BCH – but the latter had the Bitcoin brand name backing it which got it priced higher while gaining a bigger market cap than Litecoin as well.
Litecoin proponents have long argued over the advantages of LTC over BCH & awaited for Flappening to happen – combining Flippening with Litecoin creator Tommy Lee’s nickname ‘Chikun’. Flappening is a term used to describe Litecoin growing bigger and becoming more valuable than Bitcoin Cash . Flappening is likely a term as the Litecoin community also circulates a meme called “Arise chikun” to describe the rise in price of the coin. Imagine now many startups are desperately trying to seek funding – yet proving difficult – dealing with VCs, and these startups are bright, smart people. Sooner or later, a hundred, a thousand startups will turn into the ICO play to seek funding. This will drive up the price of Ether, drive up the size of the block, more congestions, and a big reduction in “mundane world” services. Its value will continue to rise even as the market looks to recover.
In the foreseeable future, Litecoin ’s approach of mirroring Bitcoin Cash seems set to make it push towards more recognition. In the end, both coins could become good candidates for holdling. The announcement of Abra wallet app for cryptocurrency exchange raised hope of a better run, but that too has tempered off. However, there’s a lot that could be going on for LTC to suggest a brighter future awaits. A quick calculation tells us that since that time, BCH has had the worst time on the market compared to LTC. It has cumulatively lost 669% of its value since attaining that all-time high value.
Below you will find a detailed step-by-step guide, but I want to give you a fast overview of how it works. All you need is an emulator that will emulate an Android device on your Windows PC and then you can install applications and use it – you see you’re playing it on Android, but this runs not on a smartphone or tablet, it runs on a PC. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store. Earlier this month, Coin Rivet brought you the story of how Charlie Lee had been using a combination of Litecoin and the Lightning Network to ‘instantly’ buy Amazon gift cards. It’s applications like this that add that extra level of interoperability between Litecoin and the wider Bitcoin-pegged and segwit-enabled ecosystem. By some metrics, Litecoin had always been ahead of Bitcoin Cash – it handled more transactions and higher volumes, while constantly discovering new blocks four times faster .
The Crypto market has seen a lot of twists & turns in 2018 as the year winds down. We might as well see other instances of Flippening taking place as the market comes of age & we see more viable projects trickling through. For now, all eyes are at the continued price squeeze as traders lose hope of a bull run. The Flappening comes one day after LTC dethroned another contentious fork call ‘BitcoinSV’. Crypto bear markets have a brutal way of separating the legitimate projects from those sustained by hype and marketing. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
As he mentioned, we may see these virtual currencies continue growing in the coming weeks. Litecoin surpassed Bitcoin Cash in terms of market capitalization. The now 6th largest cryptocurrency in the world surged by over 19% in the last hours. This allowed Litecoin to perform the so-called “Flappening” with Bitcoin Cash. The next target would be to surpass Chainlink as the 5th most valuable cryptocurrency in the world. Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published. Most people think when Litecoin was experiencing its first big price spikes, people in a chat group were getting feverishly excited. One of the random things said was “arise chicken” a line from a TV show called Aqua Teen Hunger Force.
Comparatively, LTC has plunged close to 300% in the bearish hold began at the turn of the year. Bitcoin Cash has its ATH on December 20, 2017, when it traded at $4355 and had a market cap of $65 billion. On the other hand, LTC had its ATH on December 19, 2017, when it traded at $375 and had a market cap of $19.5 billion. All they need to do is to check on the market ranking sites or trading exchanges to find out about price movements. The 4th vs. the 5th debate over technological strength, speed, fees and of course, market performance will be with us for a while longer, I presume. To a novice cryptocurrency enthusiast, the last yardstick is the easiest to fathom.
In fact, late 2017 provided an instance where Bitcoin Cash was chosen over Litecoin due to its network’s superiority. As markets look to rebound after one of the longest death crosses, Litecoin’s founder beseeched LTC supporters to do more for Litecoin. LTC has had a fair share of its own disappointments in 2018, majorly highlighted by the LitePay debacle. The failure of the much-anticipated payment system de-motivated the community and had a negative effect on its value. Though not encouraging at all, we can say that in the current state, Bitcoin Cash has been hard hit and it would take a much more concerted effort to have it back to the glory days of over $4k per coin. To a layman’s eye, BCH’s current price of $651 is better than LTC’s $114. That could be true in terms of value, but a comparison of the two and how they have performed over the last few months can shed more light on their prospects. If you don’t see this game from the search results, you need to download APK/XAPK installer file from this page, save it to an easy-to-find location. You can also drag and drop the APK/XAPK file onto the BlueStacks home screen to open it.
Just before you think I am blabbering in my sleep, these are two actual terms coined in the Cryptoverse to present two possible scenarios, but on two different sets of digital coins. Back in February, I wrote about Flippening – this was the time when the Cryptocurrencies current & ongoing price decline had just started, after the price peak reached in December 2017. The Alt.coins still commanded more than 50% of the market share with Ethereum posing a serious threat to the supremacy of the Crypto kingpin Bitcoin . A lot has happened since then & Flippening actually did happen but not between Bitcoin & Ethereum. Let’s explain Flippening to people who don’t know what the term means before moving on to the rest of the story. As the prices for the digital coins dwindled, so did the hopes of Ethereum flippening Bitcoin as evident from chart below. When I posted the chart in my previous article, the ETH/BTC ratio was over 60% back in February & Ethereum was positioned as the top contender among the Alt.