Ethereum cryptocurrency is about to unseat bitcoin

The powerful alternative that challenges Bitcoin lately is called Ethereum, a crypto currency that has been around for just under two years. If you have been learning about virtual currencies like Bitcoin, you have probably heard of a new unmissable currency. Many have begun to wonder how they can dive in and get rich with Ethereum (including those who bypassed the Bitcoin train entirely), and that is starting to show itself in the market valuation.

Ethereum is the strongest alternative to Bitcoin

During this year a phenomenon is underway that alarms those who bet on Bitcoin, the value of each currency is falling rapidly, more or less since February, after having dominated the cryptocurrency sector for years.

As you can see from the graph, as Bitcoin has been plummeting, the value of Ethereum coins has reached the highest values per unit since it was created in 2014. If we follow the trend we are seeing, the value of the Ethereum currency could exceed the value of Bitcoin.

As of the date of this post, Bitcoin's market cap is around $ 42.4 billion, while Ethereum is very close at $ 34.6 billion.

This phenomenon for the most understood is called '' Flippening ', which is the replacement of one leading currency by another, in this case, Ethereum would be about to replace Bitcoin as the dominant cryptocurrency.