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Ethereumclassic

ETC to new ATH in short orderETC successfully bounced off the .382 level on the fib just as previously predicted. It's now pushed (albeit somewhat sideways) through the recent downtrend. The crypto market has been skittish of late with the risk of DOGE (which many view as worthless) and the rapid fall of Bitcoin; however, with both bitcoin stabilizing and Dogecoin seemingly turning into the crypto pumpkin, there's $50B worth of Dogecoin market cap that's likely going to be spread around the other altcoins - and especially into a solid performer like ETC. I put my money where my mouth is - 75% of my crypto portfolio was just funneled into ETC as the best altcoin alternative to DOGE.
COINBASE:ETCUSDLong
by DontListenToThisClown
1
Ethereum Classic's Fork LiftEthereum Classic (ETC) has had a great start to 2021 with the price rising 600% YTD. The hash rate of the ETC network has been rising steadily since the three year low as seen in early September last year. The Price has followed suit from the off in 2021. This has resulted in making the network more attractive to miners which in turn increases the security of the project. We went long on 07 February and are +373% in a little over two months. Ethereum Classic is a global, open-source blockchain platform for decentralized applications (DAPPS), powered by smart contracts and has its own native digital currency ie. ETC. Ethereum Classic is actually the original legacy chain of the Ethereum network. It emerged after a contentious hard fork on the Ethereum blockchain in July 2016 after a disagreement over reverting the blockchain to reverse a hacking. The hacking involved DAO or the decentralized autonomous organization, which had raised $150 million in an initial coin offering months earlier. Whereas ETC did not revert the chain, ETH followed another course. Both the coins support smart contracts, but ETH has taken a performance-based path in its 2.0 rollout as it moves to a Proof of Stake model. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Greyscale Investments, established by Digital Currency Group in 2013 have created 14 Digial Asset Trusts including one for Ethereum Classic. The ETC trust is now the third largest digital asset trust on Greyscale's books: tokenview.com Ethereum Classic has a circulating supply of 130 Million ETC coins and a max supply of 211 Million. Binance is currently most active market trading it. We spotted an opportunity in early February as a result of the rising hash rate which had been in evidence over the previous months and with the price having retraced 420% from its all time high, we decided to take the plunge. Today we see a 18% pullback in the price from its all time high set just 14 hours ago. After the recent rally, this pullback may see a few sniffer dogs arrive on the scene. Will you be one of them?
KRAKEN:ETCUSDLong
by rzinho
3
ETC Volume / Market Cap ExceedsETC Price traded at $29.96 with a gain of 35% in the last 24-hour and 59.50% up in the weekly time-frame. Furthermore, ETC bounced from the support of $20.60. In contrast, the market capitalization stands at $3.55 billion. Technically, investors can perceive a positive crossover in the EMA, and the price sustains above all the EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the resistance of $35.0 in future trading sessions. Resistance: $35.0 Support: $20.60
KRAKEN:ETCUSDLong
by tcr_thecoinrepublic
4
ETC - The forgotten I don't want to spend too long on Ethereum Classic, because I don't think it would deserve too much attention, other to say that this should get a big boost from the miners that are leaving Ethereum. I understand that BTC is getting its all time high right now, so this will drop in the very short term. TA: - Golden Cross of 50MA over the 100MA with very bullish movement directly after. - Bullish Divergence of RSI, as Price declines yet RSI improves with higher lows. - Price movement moves up and over the 200MA, after bouncing down from it previously. This is set up to be future support, which could lead to a very substantial bullish movement if it bounces from it. Some History on this idea: To understand why I would pick a project that has been hacked so many times, we need to think about what is happening on Ethereum currently. We had a Proof of Work coin, that has been #2 Market Cap since it started, and has shown signs of fast paced growth vs Bitcoin. However, as of 2020, Ethereum decided to start down a new path, one that will end mining on Ethereum forever, and will become a Proof of Stake coin. The Miners, who were already upset at the decision, were dealt another blow as Vitalik introduced EIP1559 - coincodex.com EIP1559, as shown from the Article, is set to greatly lower the amount of Gas fees of Ethereum, by removing inefficiencies that coincidentally help enrich the miners. The miners have not been silent about this change, and have threatened everything, even hacking the project itself. With the revolution currently raging, the next logical project that reminds miners of Ethereum, is Ethereum! Classic. ETC is still the original Proof of Work project that resulted from a Fork early on. My theory is that as time goes on, and it becomes less profitable to mine ETH, which eventually goes down to 0 - that ETC will take its place as the preferred coin to mine, which will result in a pretty substantial gain in the price of ETC. I think it will happen during the next 3 months.
Long
by Shwayze
4
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers, I presented the idea for this trade HERE on 22 March. Now the trade is finished: Symbol: ETH/BTC Duration of trade: 15 days Profit: 22% Conservative All price targets worked off: Yes With that, this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader