⟠ The Flippening is Back on the Menu ⟠

7-day moving average of USD fees paid to Ethereum (green) vs USD fees paid to Bitcoin (red)

Ethereum market cap (green) vs Bitcoin market cap (red)

After a brutal 2+ year bear market, ETH has quickly made a large step towards closing the gap between the ETH/BTC market cap

A few more things:

- Phase 0 on target for Nov 2020. This means STAKING; ETH dividends paid to ETH stakers, which is a massive ETH supply Sink as ETH bulls remove ETH from secondary markets in order to receive ETH-denominated returns from Ethereum 2.0

- EIP1559 estimated Q1/Q2 of 2021

All these massive fees that Ethereum has been generating?

Those get BURNT

They don't get recirculated back into the ecosystem. Instead, EIP1559 issues a universal dividend by burning ETH, which adds to ETH scarcity and Ethereum security

Right now, ETH really has just one pillar for value-accrual:

ETH Locked in DeFi (4.5M ETH)

The 2 remaining pillars are <1 year away:

Staked ETH (Nov 2020)
Burnt ETH (Q1/Q2 2021)

Meanwhile, ETH has already begun to reclaim lost ground in the ETH/BTC fight

I expect 'Flippening' memes to have a strong renaissance over the next few months...

because...

The Flippening is back on the menu! https://www.flippening.watch/