ETC new historic ATH exceeds 900% in just 3 months

Sled

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Quote from: Ararbermas on May 07, 2021, 07:35:55 PM

What a massive bump on price especially within 3 months.? Its very optimistic and this kind of alts is what we looking for when it comes investing not those only good when start up and fail to excess on their main goal.. Actually im wondering why this kind of projects are not really popular on crypto space despite the potential and future is really promising.. Btw thanks for sharing this good news..i hope OP you didn't miss the train.

Most of the time we were just focusing on one side while we keep ignoring the other one. We didn't see ETC's potentials because it was not the focused altcoins. Could be that sorry but it was too late to start with it since the price is already at the hype level, and we missed it again.

That's sometimes it was to realize that many altcoins still have out of its luck as investors will look at most of what the people had to say, like ETH and BNB. But, it is somewhat to happens that many potential altcoins will soon rise in a perfect time just like this time.

nrvasquez

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Quote from: BChydro on May 07, 2021, 11:42:02 PM

Quote from: yhiaali3 on May 05, 2021, 04:58:01 PM

ETC new historic peak exceeds 900% in just 3 months
The price of ETC has gone up insanely for the past 2 days I have touched about $ 100 after it was just $ 9 about two months ago !!!

Another magical development in ETC, i am wondering what is happening to the entire cryptocurrency market. All the coins are rallying as if they are launching to stratosphere and no one bothered to invest in them as majority never had any expectations about a huge rally and now Dogecoin and ETC along with BNB has surprised many and the sad part is that i converted almost all my ETC to Dogecoin when the rally started in Doge and now i regret my decision.

Isn't it true that ETC has more real use cases than Doge. the case of increased doge is a special condition influenced by Elon. Of course people will easily invest if they have good technology when compared to just a meme coin, but it's what it's when the doge can go up significantly

yhiaali3

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Quote from: BChydro on May 07, 2021, 11:42:02 PM

Quote from: yhiaali3 on May 05, 2021, 04:58:01 PM

ETC new historic peak exceeds 900% in just 3 months
The price of ETC has gone up insanely for the past 2 days I have touched about $ 100 after it was just $ 9 about two months ago !!!

Another magical development in ETC, i am wondering what is happening to the entire cryptocurrency market. All the coins are rallying as if they are launching to stratosphere and no one bothered to invest in them as majority never had any expectations about a huge rally and now Dogecoin and ETC along with BNB has surprised many and the sad part is that i converted almost all my ETC to Dogecoin when the rally started in Doge and now i regret my decision.

No unfortunately my friend there are always renewed opportunities, in the end everyone just gets their luck, I had around a few months ago about 60 BNBs when it was only 20$ and I sold it at that time !!! If I kept it up to the present and sold it for 622$ it would have been around 37,000$ but I sold it for only 1,200$.
Of course, I was sad at the time, but now I am satisfied with my luck, you can keep your dog and it may rise dramatically and compensate for the loss.

wxa7115

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Quote from: GreatArkansas on May 05, 2021, 10:12:10 PM

Ethereum Classic is really sleeping dragon.
Before when Ethereum is still not owning, this Ethereum Classic is still sleeping. But look at it now, it really pumped too hard.
What I think is, people who were not able to hop in on Ethereum before, just start to buy Ethereum Classic instead of Ethereum. This is proven about gains, seems Ethereum Classic correlated with Ethereum recently.

Ethereum classic has always seemed kind of undervalued to me since I cannot really believe that after the DAO incident people decided to support ethereum instead of ethereum classic when they broke out the principle of the immutability of the blockchain.

To me ETH is getting worse by the day and this could be the opportunity for ethereum classic to shine, however a rise of 900% in just two months it is not something to be as glad as this means to me a crash is imminent.

leea-1334

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Quote from: adaseb on May 07, 2021, 11:26:47 PM

The reason ETC is pumping is because all the legacy alt coins are pumping now. By legacy I mean the coins which existed in 2017 or so. They are all pumping based on market cap. At first it with Bitcoin, then DeFI coins, and now seems alts like LTC, Doge, ETC, EOS are all pumping like crazy. This is pretty much a repeat of 2017 and its scary when we see alt coins pumping this much while BTC is trading sideways.

ETC is crazy because many were scared to hold ETC a few months back because exchanges started to block withdraws and deposits due to the 51% attacks and look how its pumping now. I guess its good because those with <4GB and old ETH ASICs can finally mine for a decent profit.

Legacy alts,,, that is indeed a nice word and suits well most of the alts I still hodl after all this year. We are talkig Litecoin ATH, ETC ATH, Monero and all these wonderfully old projects that for sure are still useful and have a lot of value (compared to new defi coins which for sure will drop after this rally).

devollito

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I think Etc price kicked in because the rumors about Ethereum 2.0 Consensus will become Proof of stake, therefor ethereum miner will move their mining power to ethereum classic. And when the hashing power is up the price will follow.

BChydro

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Quote from: yhiaali3 on May 05, 2021, 04:58:01 PM

ETC new historic peak exceeds 900% in just 3 months
The price of ETC has gone up insanely for the past 2 days I have touched about $ 100 after it was just $ 9 about two months ago !!!

Another magical development in ETC, i am wondering what is happening to the entire cryptocurrency market. All the coins are rallying as if they are launching to stratosphere and no one bothered to invest in them as majority never had any expectations about a huge rally and now Dogecoin and ETC along with BNB has surprised many and the sad part is that i converted almost all my ETC to Dogecoin when the rally started in Doge and now i regret my decision.

adaseb

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The reason ETC is pumping is because all the legacy alt coins are pumping now. By legacy I mean the coins which existed in 2017 or so. They are all pumping based on market cap. At first it with Bitcoin, then DeFI coins, and now seems alts like LTC, Doge, ETC, EOS are all pumping like crazy. This is pretty much a repeat of 2017 and its scary when we see alt coins pumping this much while BTC is trading sideways.

ETC is crazy because many were scared to hold ETC a few months back because exchanges started to block withdraws and deposits due to the 51% attacks and look how its pumping now. I guess its good because those with <4GB and old ETH ASICs can finally mine for a decent profit.

mrjoy15

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ETC such a game changer, I wish I had put in $20 a couple months ago but I missed it completely. No big deal since my other holding doing great, those who got it's low turn out true champion now. Now, it's time for some correction. Hoping it will get back over $150 at least in the coming days. I'm all in on ETC right now, just wish not tanking hard.

FinneysTrueVision

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I used to own a lot of ETC but over time their developers abandoned it and we didn't see any adoption. I dumped what I had before the price got too low. Now we see it pumping but it is mostly just riding ethereum's coattails. I don't see it really gaining any traction outside of just using it for speculation. We have seen how bad it's security is after it was attacked and reorganized multiple times. It's starting to show some signs of life but it is not something I have too much confidence in. Over a long period of time it's price will go back down.

Ararbermas

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What a massive bump on price especially within 3 months.? Its very optimistic and this kind of alts is what we looking for when it comes investing not those only good when start up and fail to excess on their main goal.. Actually im wondering why this kind of projects are not really popular on crypto space despite the potential and future is really promising.. Btw thanks for sharing this good news..i hope OP you didn't miss the train.

Meta anggraini

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IMO its because many people who mining Ethereum move to ETC and rising the difficulties of it.
Somehow its created the price increased, also its because this is Altcoin Bullish season.

yhiaali3

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Quote from: grabpopcorn536 on May 07, 2021, 07:10:16 AM

Quote from: jossiel on May 06, 2021, 01:48:24 AM

With the 51% attack that happened on it, I think this bull run is waking up every coin that it can base on what the investors want to wake up. With the upcoming transition of ETH to POS and other updates.

I think ETC is getting livelier due to those miners that are seeing its profitability as they mine it.

Does that mean that miners are switching to ETC and the value of ETC increases because miners need it? I don't think ETC has made much progress in terms of technology and is currently overvalued. ETC could be a survival bubble on a bear market, it could be the next NEO as in the past NEO has plummeted from $ 200 to below $ 8.

Not for this reason, what is meant is that ETC is similar to Ethereum, and since Ethereum has risen in price dramatically, so miners are switching to ETC because it is easier than mining Ethereum, the rise of Ethereum causes the ETC to rise automatically because there is a correlation between the two currencies, but this will make the production of ETC increase from During increased mining, this could lead to an increase in the amount of ETC supplied in the market and thus lead to a decrease in the price after it becomes saturated in the market.
So I think that the ETC price will definitely decrease in the next few days. In fact, I see that the decline has already started.

jossiel

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Quote from: yhiaali3 on May 06, 2021, 01:17:24 PM

Quote from: jossiel on May 06, 2021, 01:48:24 AM

With the 51% attack that happened on it, I think this bull run is waking up every coin that it can base on what the investors want to wake up. With the upcoming transition of ETH to POS and other updates.

I think ETC is getting livelier due to those miners that are seeing its profitability as they mine it.

Quite true, ETC also Doge fully shows that speculators can raise the price of any coin as they want regardless of its advantages or disadvantages, ETC suffers a lot of problems and its network is weakly protected, but despite this its price has risen fantastically.
Also, its ease of mining will make miners flock to mining ETC because of its high price and this will bring them huge profits.

That's a sure thing as for mining, I think that's main reason aside from we're in the altcoin bull run.

Quote from: ivankoh on May 07, 2021, 05:57:30 AM

-Presumably, after bitcoin recovered and flattened, institutional investors saw a huge benefit to ETC after the Mantis development team made a big step forward with their product coming.

I didn't know about this Mantis development but it might be another one reason that contributed to its rise recently.

Quote from: TeQuiero on May 07, 2021, 09:47:31 AM

Quote from: jossiel on May 06, 2021, 01:48:24 AM

I think ETC is getting livelier due to those miners that are seeing its profitability as they mine it.

I think this is the reason behind ETC's increase. Of course, market's bull run also contributes to that. Although ETC is a good coin, but 900% increase in just 3 months is insane. Even a shitcoin couldn't pump that way. ETH's migration to PoS is good for both ETH and ETC. ETH network becomes more efficient while ETC gets more attention from miners and investors.

I don't think it's a good coin but until it has risen with that gain, everyone who sees the gain will start to say that it's a good coin. That gain that it has made really takes the attention of everyone that's being amazed on that percentage.

go4crypto

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I think investors are grabbing any coin that looks cheap. ETC was very cheap compared to ETH so it got the pump to get a better valuation. Many bitcoin forks have pumped nicely for similar reasons too.

Cengghengmania21

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ETC prices occur because it coincides with the increasing alt season as it is now. so as long as the alt season continues, ETC prices will likely continue to reach the levels that were drawn. but this is only a prediction and what determines is the demand that occurs in the market .. we'll see

Fesatmas

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I see it clearly and full of regret. selling 1000 ETC in early February. I did not expect that the Ethereum shard would grow this significant. but it is undeniable that the growth of all altcoin is almost even and can be felt by all holders of any altcoin. even short-lived shitcoin have a chance to pump nearly 1000% more.

MishaSER

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I'm a fool, I wanted to buy ETC at the beginning of the year, but I knew that this would happen and missed the opportunity, I forgot. I am most interested in whether this project has a future, what is it for? Does he also use smart contracts?

TeQuiero

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Quote from: jossiel on May 06, 2021, 01:48:24 AM

I think ETC is getting livelier due to those miners that are seeing its profitability as they mine it.

I think this is the reason behind ETC's increase. Of course, market's bull run also contributes to that. Although ETC is a good coin, but 900% increase in just 3 months is insane. Even a shitcoin couldn't pump that way. ETH's migration to PoS is good for both ETH and ETC. ETH network becomes more efficient while ETC gets more attention from miners and investors.

cryptoperkele

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Is this just speculation for the charts? Because i see absolutely no reason for Ethereum classic to exist and i don't think it's bringing anything to the table in terms of tech or cryptocurrency adoption. It's just a fork for a statement and doesn't create anything else but confusion and division.

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