I'm sure most of you reading this have heard about the "Flippening". It's basically the theory that Ethereum will eventually surpass Bitcoin in market cap. The argument is that Bitcoin is a one-trick pony, with limited scalability, thus it will never be able to be used for day-to-day transactions. Ethereum, on the other hand, is the engine on which most of the rest of the crypto world runs and will be needed in ever-increasing amounts to do that.
Personally, I've never bought into that theory. Bitcoin is the king of crypto and will remain just that: the King. As a store-of-value, there is nothing else out there that can compare. Who knows, someday down the road there may be a challenger, but I don't think it's even been created yet. Again, in my opinion, Ethereum will have enough to worry about fending off challenges from ever evolving competitors to ever attain the levels Bitcoin will reach. There can be many "Ethereums" in the marketplace. There's only ONE Bitcoin.
But that's not what I'm here to talk about. As some of you may have noticed, there's another "Flippening" beginning to take place. One most of us here will be very excited about. #Hive is in the process of tracking down Steem. Not only in price, but in market cap. Over the last couple months, the gap has been narrowing and recently it has become even closer.
With the attention the tribes have been bringing to the Hive ecosystem (namely #LeoFinance and #CubFinance) the excitement is starting to spill over into some of the other tokens, with Hive being one of the biggest beneficiaries. It only makes sense since Hive is where it's all built. With more new projects coming that are destined to bring even greater awareness to what Hive can offer, I expect there to continue to be an influx of new users with an appreciation of the fact that Hive is still trading under 50 cents with a market cap under $160M. In other words, compared to the rest of the market, still very early in the game.
Couple that with some of the projects the Hive devs are working on right now to improve the infrastructure of the Hive network as a whole, and I think its only a matter of time until we put Steem in our rearview mirror, probably forever. Personally, I think it will happen sooner rather than later but that's just me.
It's a great time to be getting in right now. The price is still cheap but the difference between Hive at 40 cents today versus Hive at 30 cents last year is night and day. I've said it before, the Hive ecosystem will be A (and possibly THE) one stop shop for everything you want to do in the crypto world.
It's still very early. Keep loading up the bags. It's coming.
Thanks for reading. As always I'm not a financial advisor. Cryptocurrencies can and do go up and down and you could lose all your money. Do your own research.
Posted Using LeoFinance Beta