The Flappening Is Complete! The Event Which The Litecoin Community

The Flappening Is Complete! The Event Which The Litecoin Community

The term “Flappening” is actually a colloquial term that was coined back in 2018 by Charlie Lee. The term pertains to the moment when Litecoin exceeded the Bitcoin Cash with consideration to market capitalization. That situation will continue unless and until we have broad-scale nuclear power and/or artificial liquid fuels that are as cheap as fossil fuels. Either way, it means that, as of about 1950, we crossed an inflection point in human history where we are committed utterly to a certain civilizational path if we wish to survive. Notice how everyone is about to retire and young consumers are hen’s-teeth rare? There is no young generation to pay for the social security of the largest generation in history, and governments across the world are starting to scramble as they realize there’s no light at the end of the fiscal tunnel. Litecoin surpassed Bitcoin Cash in terms of market capitalization. The now 6th largest cryptocurrency in the world surged by over 19% in the last hours. This allowed Litecoin to perform the so-called “Flappening” with Bitcoin Cash. The next target would be to surpass Chainlink as the 5th most valuable cryptocurrency in the world.

Litecoin continued this upward trend into June, in which its price surpassed $135 per coin, a 330 percent increase since the start of the year, marking a 13-month high. One Twitter user quipped that LTC was doing so well, “Craig Wright will soon be claiming he’s Charlie Lee.” Litecoin is one of the major cryptocurrency alternatives to bitcoin, sometimes called an altcoin. It is not to be confused with Litecoin Cash , another cryptocurrency that, despite borrowing Litecoin’s name and promising returns for existing Litecoin holders on its website, is not affiliated with it.

What Can I Do To Prevent This In The Future?

Meaningless back and forth trading between a single party with the aim of inflating trade volume. Most people think when Litecoin was experiencing its first big price spikes, people in a chat group were getting feverishly flappening excited. One of the random things said was “arise chicken” a line from a TV show called Aqua Teen Hunger Force. Two days later, the market has entered a complete green zone with all coins recovering speedy upwards.

  • Similarly, we’ve proven that remote learning doesn’t work for young children .
  • The latest news about Ethereum mostly concerns the move to Serenity the last post-development phase of Ethereum as well as changing Ether mining’s concept from Proof-of-Work to Proof-of-Stake in order to reduce the power cost of the process.
  • For two, we’re about to get another decade of serious conservative gerrymandering that ensures that those migrating from the coasts will have minor impact on governance.
  • But… most rural areas don’t have good internet and aren’t going to get it short of a WPA type project.

The Crypto market has seen a lot of twists & turns in 2018 as the year winds down. We might as well see other instances of Flippening taking place as the market comes of age & we see more viable projects trickling through. For now, all eyes are at the continued price squeeze as traders lose hope of a bull run. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. If you agree to our use of cookies, please continue to use our site. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. The Flappening comes one day after LTC dethroned another contentious fork call ‘BitcoinSV’.

Ltc To Korean Wan Atms

Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. In order to deliver a personalized, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. These cookies are completely safe and secure and will never contain any sensitive information. In virtually all walks of life, the mass proliferation of data is transforming the way we perceive the world. And only now are we waking up to its enormous potential for helping us make better, more accurate and more informed decisions. Data Driven Investor is dedicated to uncovering how ordinary people can best utilize data to make those decisions. Faisal is based in Canada with a background in Finance/Economics & Computers. Faisal is also an active Stocks trader with a passion for everything Crypto.

flappening

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The market capitalization of a cryptocurrency is defined loosely by its circulating supply multiplied by its current market price (although some measures don’t take into account coins or tokens that were lost). The Flappening, one of the best Arcade Game category app, is now available for PC. This app is developed by Cunibon and available on google play store. Follow this simple guide and get any of the favorite app – including The Flappening on PC. The Market share chart shows a couple of unsuccessful attempts by Ripple to grab the second spot before finally ‘flippening’ Ethereum over. The chart also signifies that Bitcoin is the only digital currency with some kind of consistency in the market share hovering around 50% with a bull run reducing the market share while a downturn increasing the same. There is one anomaly of about 90% market share at the beginning of the chart which is the time period when there were very few Alt. Coins existing thus the lion’s share of the market share went to Bitcoin. The other two digital coins on the chart are Bitcoin Cash & Ripple – the former has recently undergone a hard fork thus the sharp drop in market share.

Just before you think I am blabbering in my sleep, these are two actual terms coined in the Cryptoverse to present two possible scenarios, but on two different sets of digital coins. Back in February, I wrote about Flippening – this was the time when the Cryptocurrencies current & ongoing price decline had just started, after the price peak reached in December 2017. https://markets.financialcontent.com/prnews.pressrelease/news/read/41777438/beaxy_taps_blockdaemon_for_node_infrastructure The Alt.coins still commanded more than 50% of the market share with Ethereum posing a serious threat to the supremacy of the Crypto kingpin Bitcoin . A lot has happened since then & Flippening actually did happen but not between Bitcoin & Ethereum. Let’s explain Flippening to people who don’t know what the term means before moving on to the rest of the story.

After Ponzi Collapses, Ethereum Fees Fall Under $0 01 Again

When they are, the districting machinery goes up for grabs, since elections happen much more frequently than censuses. Not that this is in the mind of the average punter–but then, neither is districting in general (see #6). What petroleum, natural gas, and coal we now depend on is extracted by technology that cannot be duplicated without sophisticated supply chains, computing, and materials technology. Agriculture, metallurgy, all materials sciences, biotech, and everything else depends on the cheap, easy availability of energy—and ALL of our energy generating technologies currently depend on the availability of fossil fuels. The main question would be to understand whether Litecoin will be able to leave the bear market against Bitcoin. If that happens, very positive things could come to Litecoin holders and long term investors. Although many consider the Flappening has already happened, the next target will be to get the fifth position. Now, Chainlink is waiting with a market valuation of around $5.05 billion. Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store.

flappening

Crypto bear markets have a brutal way of separating the legitimate projects from those sustained by hype and marketing.

“the Flappening”

In February 2018, Lee predicted that Litecoin would overtake Bitcoin Cash in terms of price and market cap by the end of the year, in a phenomenon that he called “The Flappening.” His prediction came true in December. In July 2021, according to online data aggregator CoinMarketCap, LTC had a price of more than $132 giving it a market capitalization of almost $9 billion. In August 2019, the Litecoin Foundation began receiving decreased donations. According to Xinxi Wang, a board director at the Foundation, a number of employees volunteered to decrease their salaries in order to help the Foundation “weather the storm.” The organization did not actively seek donations from the community in Q1 of 2018. News of this came a week after The Block reported that the Litecoin Foundation had depleted 75 percent of its cryptocurrency reserves since Q2 of 2018. Lee, whose donations have accounted for 80 percent of the foundations funding since 2017, told Coindesk in a story published on August 28 that he would remain committed to funding the Litecoin Foundation.

It’s a significant lead given that BCH was an airdrop to the majority of crypto participants in June 2017, whereas Litecoin had to be mined or bought on a trading platform . Charlie Lee is celebrating that Litecoin has overtaken Bitcoin Cash in terms of total market cap. Fastest and lightweight application, designed exclusively for gaming purposes, the MemuPlay emulator has got a lot of momentum in recent days. It gives more flexibility and features to play games and apps like The Flappening for PC. There are numerous emulator software’s available on the internet with full-fledged android features. These are even better than android for playing high-end mobile games with good use of keyboard controls. All those mobile cricket apps are now available to PC with these tricks. Find out when and where apps have been featured in the different app stores for any day, country, device and section. In April 2019, Forbes reported that since the beginning of that year, Litecoin had experienced a gain of over 200%. By doing so, it had outperformed bitcoin, Ether, XRP, and Bitcoin Cash.

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