Flappening Definition
The term “Flappening” is a term used in the cryptocurrency world to describe a specific event where the value of Litecoin (LTC) surpasses the value of Bitcoin Cash (BCH) in terms of market capitalization. The term is a play on the word “flippening,” which is used to describe the potential future event where Ethereum (ETH) surpasses Bitcoin (BTC) in market cap.
Flappening Key Points
- The Flappening refers to Litecoin (LTC) surpassing Bitcoin Cash (BCH) in market cap.
- It is a play on the term “flippening,” which refers to Ethereum potentially surpassing Bitcoin.
- The term was popularized by Litecoin creator Charlie Lee.
- The Flappening occurred in December 2018.
What is the Flappening?
The Flappening is a term that was coined by Charlie Lee, the creator of Litecoin. It refers to the event where Litecoin’s market cap surpasses that of Bitcoin Cash. This event is significant in the cryptocurrency world as it indicates a shift in investor preference and market dynamics.
When did the Flappening occur?
The Flappening occurred in December 2018. At that time, Litecoin’s market cap surpassed that of Bitcoin Cash, marking a significant milestone in the history of these two cryptocurrencies.
Where does the Flappening have significance?
The Flappening has significance in the world of cryptocurrencies. It is particularly relevant to investors, traders, and enthusiasts who follow the market dynamics of different cryptocurrencies. The event is indicative of the shifting preferences of investors and the evolving landscape of the cryptocurrency market.
Why is the Flappening important?
The Flappening is important because it signifies a change in the cryptocurrency market dynamics. It shows that Litecoin, a cryptocurrency that was created as a “lite” version of Bitcoin, was able to surpass Bitcoin Cash, a cryptocurrency that was created as a result of a hard fork from Bitcoin. This event can influence investor decisions and market trends.
How does the Flappening occur?
The Flappening occurs when the market cap of Litecoin surpasses that of Bitcoin Cash. Market cap, short for market capitalization, is calculated by multiplying the total number of coins in circulation by the current market price of each coin. Therefore, the Flappening can occur when either the price of Litecoin increases significantly, the price of Bitcoin Cash decreases significantly, or a combination of both.
