Ethereum Classic (ETC) Analysis
Market Cap
$7,037,193,224 USD
Volume (24h)
$953,345,746 USD
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Ethereum Classic investment analysis
ETC is the original ‘Ethereum’ blockchain and it came off as a result of the fork from its own network creating a new version due to a disagreement that ensued from the members of the community who wanted to recover the stolen funds from the DAO project.
Members who wanted the fork became the new Ethereum while those who were opposed to it stayed on the former network and are now referred to as the proponents of the Classic.
ETC investment has been on for a while now, over 5 years. And based on its original design it was intended to be able to develop decentralized applications just as the more common version – ETH does.
With the popularity and the more frequent usage of Ethereum as we know it now, most people (especially the noobs) find it hard to believe that it’s a fork from Classic alternate – the original network.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy ETC?
Surprisingly, you would expect that with the fork, there should be an ultimate extinction of the coin, especially when you consider how well the counterpart is doing. But it has about 90 cumulative trade markets on over 20 different exchanges. Quite a popular coin and this comes as no surprise as early cryptocurrency adopters who knew about the origin of Ethereum still have quite a share in the original network.
You can actually buy ETC in very simple steps and storing them isn’t hard at all, as there are many wallets available on the internet that provide storage services on their wallets, from mobile to web, exchange wallets or hardware wallets, the choice is yours to pick which is the most convenient way of storing your digital asset.
But before you buy, ensure that you have the trading pair available, could be ETH, BTC, USDT, or even FIAT.
If there is one fundamental premise of any innovation, it is providing new better parts when an old path no longer serves and the Bitcoin and several similar blockchain innovations are proposing new paths. From the very word classic, which is something which is becoming obsolete and only fancied for its glory days. My argument is, the first Ethereum blockchain had problems and a fix was proposed, period people should adapt to the new and leave the old. However, that doesn’t mean you shouldn’t invest. I am only spilling some part of my thought. Moreover, ETH is worth ten times as much as Ethereum-classic.