Ethereum Classic

Why Ethereum Classic (ETC) Is The Next Bitcoin (BTC)

Chart for ETCUSDShorts (1W) Ethereum Classic (ETC) is a lot like Bitcoin (BTC) was back in 2012. Majority sentiment was against Bitcoin (BTC) and very few people actually believed that it might have a real shot at the level of adoption that it has achieved today. However, towards the end of 2012 we saw a major shift in sentiment as more people began to realize the importance of having a decentralized, independent and deflationary digital currency that might eventually replace centralized, inflationary and dependent fiat currencies. The concept is what got people on board but the greed to profit off upcoming rallies and price boosts is what kept most people in the game. Regardless of their motives, these investors have helped Bitcoin (BTC) reach the extent of adoption and acceptance that we...

Ethereum Classic (ETC) Price Being Manipulated As The Whales Accumulate

Chart for ETC/USD (1W) Ethereum Classic (ETC) has seen a lot of favorable developments over the past few months but the price has failed to rise successfully. If anything, one might be led to believe that those developments actually did not affect the price at all and that interest in Ethereum Classic (ETC) has not changed a bit. There are two sides to this. For retail investors that trade sentiment or hype which is very common in this industry, it is early days yet to be thinking about Ethereum Classic (ETC). We have seen a lot of investors turn to projects like EOS (EOS) over and over again just because it receives a good pump every now and then. I know for a fact that most of these ‘investors’ do not have the slightest idea as to the fundamentals of such projects nor do they care as lon...

Cardano Creator Believes Ethereum Classic Is Following The Path Of Bitcoin

Charles Hoskinson, a co-founder of Ethereum and the creator of Cardano has recently spoken out about Ethereum Classic during an appearance at the recent Ethereum Classic summit, held in South Korea. Hoskinson is very bullish about Ethereum Classic, not just as a cryptocurrency but as a project on the whole, citing that from it’s very inception, Ethereum Classic has resembled the original culture of Bitcoin, suggesting that Ethereum Classic could end up following the path of Bitcoin in the future, leading the markets as a high value and high market cap cryptocurrency. Why Bitcoin? Hoskinson believes Ethereum Classic is like Bitcoin simply because it is a project that is maintained by a small number of people. Unlike other crypto projects that rely on a community of developers and engineers,...

Could Ethereum Classic (ETC) Be The Biggest Winner In 2019?

Ethereum Classic (ETC) has been a complete disappointment for a lot of investors in the past. The price failed to rally at the same pace as the rest of the market and thus investors who were betting big on Ethereum Classic (ETC) did not profit as much as those that bought Ripple (XRP) or EOS(EOS). However, Ethereum Classic (ETC) is known for making its own moves at times which has served the cryptocurrency a lot well and investors who had been hodling Ethereum Classic (ETC) since the beginning of this correction would have lost the least compared to those holding other coins including Ethereum (ETH) and Ripple (XRP). Ethereum Classic (ETC) has been the quick buck artist’s nightmare. The weekly chart above for ETC/USD shows exactly why. The price of Ethereum Classic (ETC) entered a diamond ...

Ethereum Classic (ETC) Vs. Ethereum (ETH): The True Flippening

Ethereum Classic (ETC) has been in a downtrend against Ethereum (ETH) ever since its inception. The weekly chart above for ETC/ETH shows that from the beginning of 2017 until the month of July this year, Ethereum Classic (ETC) had been trading in a falling wedge against Ethereum (ETH). In August Ethereum Classic (ETC) broke the downtrend and has been on a steady climb against Ethereum (ETH) since then. This is truly a historic development for Ethereum Classic (ETC) because ever since Ethereum (ETH) forked off the original chain, now run by Ethereum Classic (ETC), it has garnered a lot of support and attention as most miners and developers switched to the new chain. Ethereum Classic (ETC) however was left to die but developers like Igor Artamonov never gave up on the project because they di...

Ethereum Classic (ETC) Likely To Fall Below $14 As Price Runs Into Rising Wedge Resistance

Ethereum Classic (ETC) has had an impressive run up for the past few days but the price is now at risk of falling below $14. The 4H chart above for ETC/USD shows that the price has now formed two candles on the 4H chart above the 10 EMA.  However, Wave Trend analysis and RSI profile point to an imminent fall in the days ahead. It will not be easy though as the price will have to break the critical 21 EMA support in order to fall. However, if it does manage to do that, then the price will fall straight to the bottom of the rising wedge, which if broken has the potential to take Ethereum Classic (ETC) back to a price of $12 if not lower. Ethereum Classic (ETC) has seen a lot of interest from major players in the last few months. Its recent addition to Coinbase has made it even more appealing...

Ethereum Classic (ETC): The Only Top 20 Cryptocurrency In The Green As The Market Bleeds Red

Ethereum Classic (ETC) is up more than 5% for the last 24 hours while the rest of the crypto market bleeds. This makes Ethereum Classic (ETC) the only top twenty cryptocurrency in the green. Ethereum Classic (ETC) is known for holding its ground during bad times, which perhaps is why the cryptocurrency is up as the rest of the market is down. This behavior has been observed in the past and it is likely that by now most investors realize that Ethereum Classic (ETC) is already too undervalued to go down further. However, this time around, the reasons for this behavior seem to be more than just stability during bad times. Ethereum Classic (ETC) is on the verge of a trend reversal as the weekly chart for ETC/USD shows. With all that has been going on with Ethereum Classic (ETC), from Coinbase ...

Can IOTA (MIOTA) Beat Ethereum Classic (ETC) To The IOT (Internet of Things) Race?

Chart for IOTA/USD (1D) IOTA (MIOTA) is one of a kind cryptocurrency. While the rest of cryptocurrencies have their own blockchains or use other popular blockchains, IOTA (MIOTA) does not run on a blockchain nor does it require one. This is made possible by mathematics. IOTA (MIOTA) has come a long way without using any blockchain but there are still many doubts as to whether or not it can foray into the world of IOT (Internet of Things) without the use of a blockchain. The debate has surfaced once again now that IOTA (MIOTA) has another contender in the world of IOT which seems to have achieved a lot more than IOTA (MIOTA) but still ranks below it in terms of market cap and probably does not have enough resources yet to fully challenge IOTA (MIOTA)’s existence. That contender is Ethereum ...

Ethereum Classic (ETC) Might Soon Be The Face Of IOT And The Fourth Industrial Revolution

Chart for ETC/XBT (1W) Ethereum Classic (ETC) has been fully focused on immutability and decentralization from the very beginning, but in markets like these where most investors are focused on quick returns rather than long term investments in promising technologies, concepts of immutability and decentralization did not matter much in itself. However, what most investors failed to realize was that this amalgamation of immutability and decentralization is what makes Ethereum Classic (ETC) the best fit for emerging technologies like the Internet of Things (IOT) and the Fourth Industrial Revolution. Most blockchain projects today are centralized. This can be a good thing short term but a bad thing long term. For new projects that are centralized, it gives their creators more freedom and contr...

Ethereum Classic (ETC): The Diamond You Didn’t Know Existed

Ethereum Classic (ETC) has long been hailed as a hidden diamond in some crypto circles. This time, the whole crypto community can literally see what it really meant. It is true that Ethereum Classic (ETC) is a rare diamond of a blockchain project, but that is not what we are talking about. The weekly chart above for ETC/USD shows exactly what we are talking about. This is called the bullish diamond formation which is a continuation pattern in technical analysis. It means that if the price was falling before it entered the diamond formation; it will continue to fall more aggressively after exiting the diamond. However, if the price was rising before entering the diamond, it will continue to rise more aggressively after exiting the diamond formation. In the case of Ethereum Classic (ETC), th...

Four Reasons Why Ethereum Classic Is Flying Up This Month

 Could you argue that August has been the month for Ethereum Classic? Probably so. In terms of investment value, Ethereum Classic hasn’t reached any stunning new heights, but, overall this month has outlined some very positive changes for Ethereum Classic, changes that going forward will have a very big impact on the value of the currency. Before the coin dump of mid August that saw values crashing down, Ethereum Classic did peak over $20.00, proving that it does have the capacity to grow, sadly though the organic downtrend gripping the markets at the moment is stopping Ethereum Classic from progressing any further. Once the markets pick back up though, Ethereum Classic is sure to fly high after this months progression. What waves has Ethereum Classic made this month? First of all, Coinba...

Bittrex Set To Add USD Trading Pairs For XRP And ETC

Cryptocurrency exchange Bittrex is set to roll out US Dollar trading pairs for XRP and Ethereum Classic, in a move that will make the currencies far more attractive for US customers, which as we know, does great things for the promise of cryptocurrency adoption. This announcement comes after a recent overarching announcement with regards to Bittrex receiving permission to add many more FIAT trading pairs, promising to allow the exchange to grow through an increase in listings and offerings. According to Cryptovest, Bittrex have recently made the following statement: “As we continue expanding fiat markets to the top tokens on Bittrex, we’re not only offering customers a streamlined experience to purchase digital coins on Bittrex directly with US dollars, but we’ll also be offering customers...

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