Flappening
Flappening Key Points
- The Flappening refers to the anticipated event where Litecoin’s market capitalization surpasses Bitcoin Cash.
- The term was coined by Litecoin’s creator, Charlie Lee.
- The Flappening occurred briefly in 2018.
- It is seen as a significant event in the crypto world, indicating a shift in popularity and use between these two cryptocurrencies.
Flappening Definition
The Flappening is a term used in the cryptocurrency community to describe the event where Litecoin (LTC) surpasses Bitcoin Cash (BCH) in terms of market capitalization. It indicates a shift in the dominance and popularity between these two leading cryptocurrencies.
What is the Flappening?
The Flappening is a significant event in the cryptocurrency world, where Litecoin’s market capitalization becomes greater than that of Bitcoin Cash.
This event signifies a potential shift in the popularity and dominance among these two cryptocurrencies, with Litecoin gaining an edge over Bitcoin Cash.
Who Coined the Term Flappening?
The term Flappening was coined by Litecoin’s creator, Charlie Lee.
He first used the term on social media platforms as a play on the term “flippening,” which refers to Ethereum’s market cap surpassing Bitcoin’s.
When Did the Flappening Occur?
The Flappening occurred briefly in December 2018.
During this time, Litecoin’s market capitalization surpassed that of Bitcoin Cash, marking a significant event in the crypto sphere.
Where Did the Flappening Take Place?
The Flappening is not a physical event but a digital one.
It takes place within the cryptocurrency market and is tracked and discussed on various online platforms and forums by crypto enthusiasts, investors, and analysts.
Why is the Flappening Significant?
The Flappening is significant as it indicates a potential shift in dominance and popularity between Litecoin and Bitcoin Cash.
The event is closely watched by investors and analysts as it can showcase potential investment opportunities and provide insights into the evolving cryptocurrency market trends.
How is the Flappening Tracked?
The Flappening is tracked through the market capitalization of Litecoin and Bitcoin Cash.
Market capitalization, or market cap, is the total dollar market value of a company’s outstanding shares of stock. In the case of cryptocurrencies, it refers to the number of coins in circulation multiplied by the current market price of a single coin.
Crypto enthusiasts and analysts closely monitor these figures to determine when the Flappening occurs.