Ethereum

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<ul class="news-points"> 
 <li>Benjamin Cowen slams ETH “Flippening” narratives passed around since the Merge.</li> 
 <li>The crypto analyst calls the narrative fun but continues that price action is king.</li> 
 <li>Both BTC and ETH posted their all-time highs in 2021 but have struggled to replicate the performance since then.</li> 
</ul> 
Crypto analyst Benjamin Cowen slams the long-time narrative that ETH will someday flip BTC as the top-ranking cryptocurrency. In a Twitter post, he says that the “Flippening” narrative gets passed around a lot, more so following the merge. 
The merge, a historic event in the journey of the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum blockchain</a>, transitioned the blockchain from a proof-of-work to a proof-of-stake blockchain. However, before the event in September, many ETH maxis believed the merge could be a positive catalyst for ETH to topple BTC. 
<a href="https://coinedition.com/benjamin-cowen-foresees-altcoins-dropping-40-against-btc/" rel="noopener noreferrer nofollow">Benjamin</a> said that since the merge, ETH has posted lower highs and lower lows. The analyst added that “narratives are fun, price action is king.” 
ETH, the second largest cryptocurrency by price and market cap, recorded its highest-ever price of $4,141 on May 10, 2021. Since then, the cryptocurrency, like most others, has struggled to hit such performance again. Wors… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-analyst-on-twitter-slams-eth-flippening-speculations/">Crypto Analyst on Twitter Slams ETH “Flippening” Speculations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst on Twitter Slams ETH “Flippening” Speculations

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