Unlike Flippening that has not occurred as of April 2019, the Flappening actually happened as the market cap of Litecoin surpassed the one of Bitcoin Cash on the 14th of December 2018. Since this date, the use of the term has been expanded to include the overtaking of other important altcoins. The Flappening progress can be tracked at the Flappening Watch. This experiment has also resulted in the loss of millions of dollars invested to push it. Litecoin community created the Flappening Watch in order to track the current development of flappening.
The Litecoin “Flappening” Has Occurred – Spotlight – Altcoin Buzz
The Litecoin “Flappening” Has Occurred – Spotlight.
Posted: Sun, 16 Dec 2018 08:00:00 GMT [source]
2017 has been a strong year for the price of Litecoin. It’s meteoric rise in price has mainly been fueled by Charlie Lee, the coins creator. LTC has been a test net for a lot of Bitcoin’s developments in the past, but recently, LTC has been leading BTC in development, sound governance, and price. With the addition of Segwit and Lightning Network, GMT LTC is already leaps and bounds ETC better than BTC interns of development.
Flappy: The Flappening GAME
Well, with just two weeks of the year left, the prediction came true, as Litecoin’s market cap overtook Bitcoin Cash. A scenario in which Litecoin overtakes Bitcoin Cash in terms of market capitalization. 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. Typically refers to Bitcoins’ market capitalization dominance.
Let’s bring this post back to life 🔥#litecoin to the moon 🚀🚀🚀
— CryptoRell (@gin_jerrell) December 8, 2022
The Flappening was a term used to describe the possibility of Litecoin gaining a higher market capitalization than Bitcoin Cash . The term was created by Charlie Lee, the founder of Litecoin in early 2018. Both Litecoin and Bitcoin Cash are forks of the Bitcoin network that intend to improve the speed and scalability of payments.
Litecoin’s Rise to $100 and Beyond Soon? Is the flappening happening?
A colloquial expression used to describe a cryptocurrency or other asset that is experiencing a strong upwa…
While Litecoin had a head-start in terms of being first to market, Bitcoin Cash had the weight of Bitcoin branding. It also didn’t hurt that the entire Bitcoin user-base suddenly found themselves with some, after the 2017 fork. 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. Yes, on December 14th, 2018 Litecoin officially passed Bitcoin Cash in total market cap. This is as opposed to the Flippening , which has not occurred to date.
The flappening which the Litecoin community has been eagerly awaiting has just come to fruition. Litecoin has reclaimed its Market Capitalisation position above BCH as predicted early in the year by Litecoin Creator, Charlie Lee. You will receive an email with instructions for how to confirm your email address in a few minutes. Both allow faster transactions and confirmations, aimed squarely at the retail sector to encourage adoption for smaller payments. This is one area of utility that Bitcoin has traditionally struggled with, although the development of Lightning Network is trying to redress this balance.
- Well, with just two weeks of the year left, the prediction came true, as Litecoin’s market cap overtook Bitcoin Cash.
- Flappening is a term used to describe the event where Litecoin overtook Bitcoin Cash in regards to market cap.
- The event which the Litecoin community has been eagerly awaiting has just come to fruition.
- Litecoin has reclaimed its Market Capitalisation position above BCH as predicted early in the year by Litecoin Creator, Charlie Lee.
- CoinGecko provides a fundamental analysis of the crypto market.
The best performing https://www.beaxy.com/asset sector is Real Estate, which gained 3%. Circulating supply and current market price are the main factors taken into account when determining the market cap of a specific cryptocurrency. Litecoin advocates have long waited for a ‘flappening’ (combining ‘flippening’ with Lee’s ‘Chikun’ nickname), creating a website monitoring the situation. By many metrics, Litecoin has always been ahead of BCH, but in most eyes , the key figure is… well, market cap. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation. The ‘Flappening’ is meant to be a playful reference to the ‘Flippening’ which is a term members of the Ethereum community use to describe Ethereum hypothetically passing Bitcoin in market cap one day.
Coinbase lists Circle’s euro stablecoin, EUROC
Needs to review the security of your connection before proceeding. The name to describe the moment when/if Ethereum surpasses Bitcoin in terms of market capitaliz… The internet and Twitterverse, in general, seemed generally very pleased, congratulating creator Charlie Lee for the achievement.
A term that describes the moment when Litecoin surpassed Bitcoin Cash in terms of market capitalization. BitDegree Crypto Reviews aim to research, uncover & simplify everything about the latest crypto services. Easily discover all details about cryptocurrencies, best crypto exchanges & wallets in one place. Read fact-based BitDegree crypto reviews, tutorials & comparisons – make an informed decision by choosing only the most secure & trustful crypto companies. Ever since the flappening, the term has been also used to describe any event where Litecoin surpasses another cryptocurrency. An event in 2018 when Litecoin overtook Bitcoin Cash in market capitalization.
With Charlie Lee quitting his position at Coinbase, to focus solely on LTC, Litecoin has benefited in development and governance. I feel like Charlie may have something up his sleeve with MIT– they have a mysterious development with a countdown on their site slated to countdown to Aug 1st. This date is coincidentally the same date that the BTC UASF will begin, which is causing a bit of FUD in the crypto market.
The flappening topic hasn’t been used on any public repositories, yet. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. NAGA Technology GmbH with registered address at Neustadter Neuer, Weg 22, Hamburg. NAGA Capital Ltd, authorised and regulated by the Financial Services Authority Seychelles (License No. SD 026), with a registered address at CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles. NAGA Global Ltd, with registered address at Eurosure Tower, 3rdFloor, 2112 Nicosia, Cyprus. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date.
Flappening is a term used to describe the event where Litecoin overtook Bitcoin Cash in regards to market cap. It’s a derivative of flippening which refers to a hypothetical future event where Ethereum overtakes Bitcoin in regard to market cap. However, unlike flippening, flappening has already happened in late 2018. The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $22,395.73 and BTC market dominance is %. The price of Ethereum is $1,569.14 and ETH market dominance is %.
With that being said , we have seen a lot of investors and newcomers to see he space , hedging their investments with LTC, because of all the great fundamentals around the coin recently. With all the drama surrounding bitcoin and ethereum lately, it makes sense to make this play, from an investing perspective. CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. 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.
Flap so much, other people be like “Yo, that dude is a serious flapper”. In many ways, Bitcoin Cash was always a more natural competitor to Litecoin than to Bitcoin. From its conception, it tried to address several perceived shortfalls of Bitcoin, that Litecoin tried to fill years earlier. Apkpure.com needs to review the security of your connection before proceeding. I.E When the weak hands from Shitcoins in Crypto get shaken out into a stable decentralized ecosystem.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. As news spread, the LTC price began to spike, and at time of writing has seen a 24-hour increase of almost 12%. This has boosted its market cap from simply overtaking BCH, to being nearly 10% higher. In February, Charlie Lee predicted a ‘flappening’ of Litecoin and Bitcoin Cash before the end of the year.