In 2022, the chances of Ethereum (ETH) surpassing Bitcoin to become the biggest cryptocurrency by market capitalization are pretty slim according to Messari\u2019s Ryan Selkis. The CEO and founder of the leading on-chain data monitoring firm stated that the probability of Ethereum \u201cflippening\u201d Bitcoin in 2022 was \u201cmaybe 20%\u201d. Explaining his views on the matter in Messari\u2019s most recent Crypto thesis report for 2022, Selkis is quoted saying ; I\u2019d put the probability of a \u2018flippening\u2019 next year at maybe 20%, and not because ETH is money, no matter what Sotheby\u2019s says.\u201d He asserted, alluding to the auction platform\u2019s recent addition of Ether to its payment options. A 20% chance is still a chance, but\u2026 While Selkis has pinned his stake on this figure for several reasons which he outlines, he does not completely rule out the \u201cflippening\u201d in 2022. According to , Bitcoin may continue to have the biggest capitalization in the cryptocurrency market as it is superior to Ethereum when it comes to being \u201cmoney.\u201d He however entertains the idea that Ethereum may have a chance at being able to perform the herculean feat \u201cif\u201d the cryptocurrency market comes to value the Ethereum network more highly than Bitcoin for its strength of being the \u201cworld\u2019s most unique user-owned computing platform.\u201d Selkis considers the possibility of this playing out to be slim as he agrees with two thoughts shared by the founder of BitMEX, Arthur Hayes, who stated that: \u00a0Ethereum could not be both the best virtual computer and the best money at the same time; and that it was likely that Bitcoin the largest monetary network of the crypto world would be bigger than its largest virtual computer. This stance is in contrast with the expectations of some other analysts. According to Goldman Sachs\u2019 assessment, the price of Ether is likely to continue growing at a faster rate than Bitcoin just like it has done this year. The bank set a price target of $8,000 per Ether within the next few months and expects it to close the distance between itself and Bitcoin even as Ethereum moves to being a proof-of-stake (PoS) network. The chances of Ether getting flipped is even higher This notwithstanding, Selkis has pointed out that while Ether was looking to flip Bitcoin, it had to also watch its back or it may end up being flipped by other PoS blockchain networks. Selkis even argues that Ethereum is \u201ca more assailable target than Bitcoin\u201d as the performance of other Layer 1 computing platforms has shown. He notes that these \u201cEthereum killers\u201d have already been siphoning value from Ethereum, but the major competitions for Bitcoins\u2019 monetary network dominance have nothing on the pioneer cryptocurrency. There\u2019s really no credible flippening competition for Bitcoin aside from Ethereum, but ETH has to watch its back, too,\u201d the report noted. \u201cBitcoin dominance slid from 71% to 42% this year. Bad. But ETH\u2019s smart contract platform dominance \u00a0also \u00a0slid from \u00a080% \u00a0to 60%, \u00a0and might \u00a0bleed \u00a0additional \u00a0value \u00a0to \u00a0its new \u00a0Layer \u00a02 rollup \u00a0\u201callies\u201d \u00a0that come to market in early 2022. The post Can Ethereum (Eth) flip Bitcoin in 2022? Messari\u2019s Ryan Selkis says there is a 20% chance appeared first on CoinGape.