Ethereum flippening: Trading firm expects ETH to outperform Bitcoin
One of the most controversial expect ations in the cryptocurrency market is known as “the flippening .” The flippening is the forecast of Ethereum (ETH) surpassing Bitcoin (BTC) in market capitalization, which is both praised and criticized. Interestingly, QCP Capital foresees Ethereum outperforming Bitcoin in price appreciation in 2024, according to a January 17 market update. The trading firm specializing in digital assets and cryptocurrencies shared the report on a Telegram group with 11,000 subscribers. Despite not mentioning a ‘flippening,’ QCP Capital mentioned the positive results of a previous report on ETH paired against BTC. Moreover, the trading firm forecasts Ethereum to continue outperforming the leading cryptocurrency due to ETH spot ETF expectations. “When ETHBTC traded below 0.05, we mentioned that the cross looked attractive from both a technical perspective and with ETH as a catchup play. ETHBTC has since traded higher to 0.06. We expect ETH to continue outperf...