Charlie Lee created the word “flappening” at the beginning of 2018 to refer to the time when Litecoin (LTC) overtook Bitcoin Cash (BCH) in terms of market capitalization. It is a lighthearted pun on the term Flippening, which refers to the possible moment when the market capitalization of Ethereum (ETH) overtakes that of Bitcoin (BTC). A cryptocurrency’s market capitalization is roughly calculated by multiplying its circulating supply by its current market price, though some calculations exclude lost coins or tokens.

Contrary to Flippening, which has not yet happened as of April 2019, Flappening took place on December 14th, 2018, when Litecoin’s market cap topped that of Bitcoin Cash. Since then, the word has been used to refer to the encroachment of other significant cryptocurrencies. The Flappening Watch allows you to keep track of the Flappening’s progress.

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