Ethereum Extends Lead Over Bitcoin, But Flippening Remains a Distant Goal

Ethereum has outperformed Bitcoin for three consecutive months, sparking renewed interest in the 'flippening', a term describing when Ethereum surpasses Bitcoin's total market value.

The Ethereum price has surged about 72% over the past 90 days, while Bitcoin has risen around 42%. This trend holds true for the 60-day window as well, with Ethereum up 42% versus Bitcoin's 32% gain.

To achieve the flippening, Ethereum must grow approximately five times relative to Bitcoin. Currently, Ethereum's market value is about $331 billion compared to Bitcoin's nearly $1.7 trillion.

Ethereum's deeper price drop explains part of its current advantage, but its longer-term performance tells a different story. Over the past 12 months, Ethereum has dropped 33%, while Bitcoin has fallen only 23%.