Ethereum Classic Price Prognosis – how will the price of cryptocurrency evolve?
Ethereum Classic Price Prognosis – Now that crypto users have become familiar with the arrival of Ethereum Classic (ETC), it’s time to start considering the price of this digital currency. Why the price of ETC has continued to rise is difficult to understand for most people. At the time of writing, the price of ETC stands at 27.70 US dollars.
ETC should, in theory, have proven a redundant enterprise. While it once had a genuine purpose and there was a matching appetite for it, it’s no longer required by the Ethereum ecosystem. ETC retains the last protocol that was affected by the DAO debacle. It is not in a position to be developed on further and is defined by its rigidity.
There’s many reasons why it should be left well alone, such as ongoing technical issues and a lack of compatibility with essential updates. However, there has to be some reason why this cryptocurrency maintains such interest.
Ethereum Classic Price Prognosis – History of ETC
Vitalik Buterin has confirmed via Twitter that he will dedicate all of his time to ETH and does not support ETC. This is even though the price of ETC temporarily outstripped the price of ETH.
Based on his statement in the Ethereum.org blog, the Ethereum Foundation will focus its resources on the development of ETH Zurich. After this statement, Buterin received the support of the community at large.
Every single project that is important to the Ethereum ecosystem seems to support and operate the ETH cryptocurrency. ETC is omitted, which of course cannot have a positive effect on the Ethereum Classic forecast. In the Reddit article, you will find an overview of ETH supported projects.
Of course, projects and the corresponding ETH Dapps can be copied to the ETC platform. However, delays are preconditions for such an undertaking. As a result, ETC always remains the second-best option over the ETH cryptocurrency.
Worse still, if the Dapps are to run on ETC in the future, ETC must implement the same updates as ETH. This is to enable Swarm, Whisper and other essential upgrades. How can the promise of immutability be kept when ETC must chase every upgrade of ETH?
Ethereum Classic Price Prognosis – Overview of the ETC price
The price of ETC is currently high for several reason. For Ethereum Classic forecasts, it’s important that ETC is still a fairly decent crypto asset. ETC is a decent trading opportunity and is therefore heavily promoted by traders.
This should not be overlooked when looking to forecast price rises for ETC. The cryptocurrency is sometimes considered a rarity in its ensuing popularity, but eventually, the currency will likely be left behind.
Ethereum Classic Price Prognosis – how to earn or purchase
A simplified ETC mining process is another factor in pricing. Mining is generally the most popular option to acquire coins, but personal production is also an idea. Popular cloud platforms include Digger, Nanopool, Gpuminer and MinerGate, not to mention EthTeam.
It’s easy to see why these services remain so popular with consumers. In just a short time and with a relatively inexpensive investment, it’s possible to create a new block, with lower hash costs. It’s certainly more affordable than purchasing the most expensive cryptocurrencies out there, such as Bitcoin.
Nowadays, users are clearly focused and keen to stay informed about the production of cryptocurrencies.
At the moment, Ethereum is the second most popular coin around. The success of this cryptocurrency is clear to see and due to several factors. As it was originally, mining the currency is still relatively simple.
ETC trade and profiting on the classic form of Ethereum is still allowable on many major crypto exchange markets. These crypto exchanges include Btcbox, Hitbtc, Bitstamp, Bitfinex, Octopus, Binance and Gemini, as well as Poloniex.
Ethereum Classic Price Prognosis – forecast for development and growth of ETC prices
As of the end of 2017, Ethereum Classic showed positive growth. Generally speaking, this archaic version of Ethereum has grown to almost eight times its initial value since original allocation of assets.
This is far from the heights of Bitcoin’s performance, but the course of this growth is much more stable than others. The downturns and instability that even Bitcoin has shown has not yet been observed with Ethereum Classic.
There’s little to commend ETC on at the moment. All of its services and design merits can be attributed to the efforts of the Buterin team. However, after some difficulty, the project team pushed forward. Generally speaking, investors seem happy and there has been no loss of faith in the currency, if you look at flow of capital.
Ethereum Classic Price Prognosis – 2018 prices
Investors have ensured that the growth curve of this cryptocurrency has yet to stop. This is despite the heightened skepticism of cryptocurrencies, which has arisen in early 2018. On the basis of exchange site prices, currency prices can be predicted and subsequent behavior can be forecast.
Recent fixes of ETC and simplified mining processes will contribute to the planned growth of this currency. Accordingly, Ethereum Classic forecast expects to see a price of 70-80 US dollars per ETC coin for 2018.