ETH to the moon
Ethereum has now broken the $ 400 resistance on a number of exchanges. In the last week Ethereum's cryptocurrency market capitalization has increased by more than 60%.
As can be seen from coinmarketcap, Ethereum is moving closer to the $ 40 billion dollar mark.
# Flippening
Many are already talking of Ethereum eclipsing Bitcoin in market caps soon with the hashtag #Flippening - it is already growing much faster than Bitcoin.
Despite the steady growth of Bitcoin, its share in the global market cryptocurrency is gradually decreasing. This is seen in the record low value of its dominance in the market cap index, which is currently 40.3%.
The following graph illustrates the inverse correlation between the indices of Bitcoin and Ethereum:
Personally, I can see the #flippening happening later this year as the market cap of Ethereum overtakes that of Bitcoin. Bitcoin is plainly a victim of its own success. ETH to the moon seems a truer statement now more than ever.