In a surprising development, data from prediction platform Polymarket suggests that Ethereum may be at risk of losing its long-held position as the second-largest cryptocurrency by market capitalization.

For nearly a decade, Ethereum has comfortably held the number two spot behind Bitcoin. However, rising betting activity on Polymarket indicates that market participants are beginning to question whether that hierarchy will remain intact.

Remarking on the same, Polymarket noted, 

57% chance Ethereum is flipped this year.

Stunned crypto community

As expected, the crypto community responded to this prediction with disbelief and noted, 

At the time the above user shared the post, the probability had risen to 61%. However, at…