{"id":7135,"date":"2024-06-21T09:34:47","date_gmt":"2024-06-21T09:34:47","guid":{"rendered":"https:\/\/paybis.com\/blog\/?post_type=glossary&p=7135"},"modified":"2026-03-22T11:19:02","modified_gmt":"2026-03-22T11:19:02","slug":"flappening","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/flappening\/","title":{"rendered":"Flappening"},"content":{"rendered":"\n

<\/a>What is the Flappening?<\/strong><\/h2>\n\n\n\n

The Flappening is a variant of the “Flippening<\/a>,” a hypothetical scenario in which Ethereum (ETH) surpasses Bitcoin (BTC) in market capitalization. Flappening describes the moment when Litecoin overtook Bitcoin Cash as regards market capitalization<\/a>.<\/p>\n\n\n\n

The term was first used by Charlie Lee, the founder of Litecoin<\/a>, in 2018. Lee, a former Coinbase executive, is credited with creating Litecoin as a faster and lighter alternative to Bitcoin.<\/p>\n\n\n\n

<\/a>When did the Flappening occur?<\/strong><\/h2>\n\n\n\n

The Flappening gained significant attention in 2018 when Litecoin’s market capitalization briefly surpassed that of Bitcoin Cash<\/a> on the 14th of December. The event was seen as a testament to Litecoin’s growing adoption and usage, particularly in the e-commerce and payments sectors.<\/p>\n\n\n\n

The Flappening showed a significant implication for the cryptocurrency market as it highlights the growing diversity of the market, with newer altcoins like Litecoin and Ethereum challenging the dominance of older coins like Bitcoin and Bitcoin Cash.<\/p>\n\n\n\n

While the Flappening is a notable milestone, it is important to remember that market capitalization is just one measure of a cryptocurrency’s success. Other factors, such as adoption rates, transaction volumes<\/a>, and community support, also play an important role in determining a cryptocurrency\u2019s long-term viability.<\/p>\n\n\n

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Useful links<\/h2>\r