Ethereum classic is a blockchain network created in 2016 after a hard fork of the Ethereum blockchain following the hacking event that led to the loss of $50 million worth of Ethereum.
Ethereum classic operates as an open-source blockchain network that runs smart contracts similar to Ethereum, but their valuation differs significantly.
After the hard fork, Ethereum Classic was the original network that was hacked, while the current Ethereum blockchain was the new, more secure network.
Since has been associated with multiple security issues and hacking events, which has hampered its growth compared to its peer.
The Ethereum network has continued growing from strength to strength ever since the hard fork, leaving Ethereum classic playing catch up since they both target the intelligent contracts market.
Most investors trust the Ethereum network, which has seen massive capital flows into it since the hard fork, while Etehreum Classic has lagged and is widely regarded as a less secure blockchain network.
Ethereum classics native token is ETC.
Ethereum Classic is one of the most accessible cryptocurrencies in the market.
To buy it, you need to open an online account, link it to your bank account, and then make a purchase. In addition, you may need to purchase a wallet to store your tokens.
Investing in cryptocurrencies requires extensive research on the investor’s part because of the high volatility. That said, ETC remains a very risky crypto to invest in. even for short-term players who are there for quick profits.
Ethereum Classic prices are seeing a drop of four per cent in today’s trading session. The drop is a continuation of yesterday’s trading session, where the cryptocurrency also lost over 4 per cent of its value. The drop in price also comes despite huge gains in the trading volume of the cryptocurrency. In the past … Read more
Our Ethereum classic price prediction suggests that the price may soar to $82 in the medium term. On 22nd March 2022, the ETC price broke out of the downward trendline. This breakout took the price to $52.66, generating around 25% returns for the traders within a few weeks. Nevertheless, the price was rejected at the … Read more
After spending much of the first quarter of the year below $35, the Ethereum Classic price broke out on March 20th and has stayed above that level ever since. Notably, it went all the way to hit $54.3, the highest level since November 16th, 2021. However, it has trended sideways for most of the last … Read more
Ethereum Classic price has surged by more than 90 per cent in the past few weeks. The rally has seen the cryptocurrency enter a strong bullish move that is likely to spell the end of the previous long-term bearish move. However, the current bullish move also comes with no recent significant fundamental factors to attribute to … Read more
There have been no significant changes to my Ethereum Classic price prediction. The recovery in the Ethereum Classic price has not happened, and Tuesday’s brief recovery in the cryptocurrency market was shortlived. Following Wednesday’s 4.9% uptick, the ETC/USDT pair is down 5.10% as of writing this Thursday. The pair remains up by 0.3% on the … Read more
For those hanging on to bullish Ethereum classic price predictions, the situation on the charts does not give room for cheery news. Price activity faltered on Tuesday, dropping 0.49%. The doji candle has been followed by a 1.15% drop on Wednesday as bullish momentum dries up. With a lack of bullish market fundamentals at the … Read more
Ethereum Classic is an open-source blockchain network that was the original version of the Ethereum blockchain before the DAO hack and hard fork of 2016. This hard fork split the network into two, with the old network being Ethereum Classic and the new evolved network retaining the Ethereum name. Both networks are structurally similar, but … Read more
Here’s what the formed bullish pattern means for ETC price in the ensuing sessions.
Ethereum Classic has recovered slightly after a series of daily dips. It is presently up 4.24% as the crypto market witnesses a general price recovery on the day. However, the momentum on the bullish side remains low, which may stifle any bullish Ethereum Classic price predictions in the near term. The ETC/USD is currently trading … Read more
With the expected decline in trading volumes, here’s what to expect from ETC price.
ETC price has remained on a downtrend for over a month now. Here’s what to expect in the ensuing sessions.
Can the Ethereum classic price ever regain its former glory, or is a terminal decline into single digits more likely for ETC? Although Ethereum Classic (ETC) has mustered a 5.7% rally to $41.80 this morning, the bulls have little to celebrate. Whilst Ethereum (ETH) is trading around 10% below its all-time high, ETC is 78% … Read more
