State of Ethereum Classic
Thought I'd do a light summary of starting with basic info and where Ethereum Classic is in this current moment from an investors perspective. If you enjoy this post upvote, follow, resteem. Enough support and I'll keep posting. Lets get started.
Chart Analysis
As you can see there was a significant pump at the end of May skyrocketing the price to over 21 dollars at the time. Today you can see that pump has ended sitting around 16$. Another note is there's significant resistance around the .003 BTC mark. Now lets look at inflation rates.
Inflation
Source
Looking at the inflation rate of Ethereum and Ethereum Classic we can conclude that Ethereum Classic is capped and at a much lower inflation rate.
Factors to Consider
ETH vs ETC
| Ethereum | Ethereum Classic |
|---|---|
| Ability to bail out investors in case of catastrophe | Wants to remain true to Satoshi's vision of non intervention |
| Switching to Proof of Stake | Believes Proof of Work is more stable and thoroughly more tested |
| Ethereum Enterprise Alliance full of powerful corporations and banks | No big foundation but definitely growing https://twitter.com/ETCCooperative |
Summary
Exciting times for both Ethereum and Ethereum Classic. I love that Barry SIlbert, a very prominent figure in the bitcoin space is pro ETC. Coinbase posted a while back that they are open to having Ethereum Classic on their platform.
Ethereum and Ethereum Classic are also not feuding like the Bitcoin and Bitcoin Cash community. So you won't have to worry about annoying FUD and paid shills on the level where BTC and BCC is.
Moving forward with Ethereum switching to proof of stake, many GPU miners will switch to ETC and maybe some of them will Hodl. At 15 dollars and with the charts Ethereum looks like a good option for diversification right now. Thanks for reading!
Future Events
This is not investment advice, do your own research before investing in anything. Crypto is still new, don't invest what you cannot afford to lose.
Follow, upvote, resteem for more articles like this. Thank you have a great day!
Only if the Foundation itself is invested. They will save themselves.
Ethereum Classic don't need it. Most ICOs in the forked Ethereum blockchain are scams.
well once we switch from PoW to PoS that will lower inflation , its said that we wont pass more than 100 mil tokens in supply
Great post, great analysis! ETC is undervalued at the moment in my opinion! I'll follow you for more analysis like this one! Keep up the good work!
@chrone got you a $1.71 @minnowbooster upgoat, nice! (Image: pixabay.com)
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