Topic: Is Ethereum Classic undervalued? (Read 1745 times)

my own do not really follow the development of the etc in detail. but if etc has a good development program for miners, i think the price of etc will increase because many users need this coin

Without a doubt, ETC will turn into another Litecoin in the long run. It'll be a purely speculative cryptocurrency that will only be driven by a bull market. Ethereum Classic once started as a good project with a good vision to enforce immutability. Unfortunately, developers decided to copy the original Ethereum project instead of providing true innovation to ETC. With straight-through compatibility with Ethereum, there would be no reason to use ETC anymore. That's largely because ETH has a plethora of popular dApps, while the ETC chain has little to no proprietary dApps built on it. With lack of developer enthusiasm to create an ecosystem of ETC-only dApps, it's hard to believe the project will be going anywhere. The constant number of 51% attacks over the past months, will only make matters worse as people lose confidence on Ethereum Classic.

Nonetheless, anything can happen in this strange and bizarre world of crypto. ETC's success will largely depend on developers and the community itself. If the team manages to prevent further 51% attacks on the Blockchain, confidence may be restored. But to drive ETC's price to the moon, the project needs to deliver real use cases for the mainstream world. Delivering unique dApps to the ETC blockchain will make things interesting. All the eyes are on the original Ethereum project, as it goes one step closer towards becoming a full-fledged PoS cryptocurrency. Once that happens, miners from the ETH chain could switch to the ETC chain. Maybe this will put an end towards ETC's constant network disruptions in the long run? Just my thoughts

I think ethereum classic will be another litecoin, months ago ethereum classic got 51% attack. Maybe it wil impact this altcoin for long time. I sell ky ethereum classic portofolio and change it to ethereum for staking. I hope there will be no another attack so the price will hodl or maybe growth.

ETC reached an ATH during 2017, because of the bull market run. But it's been unable to stand on its own due to the lack of interest from the general public. The project was able to do well during the past years before it was attacked by malicious actors in cyberspace. After ETC became a victim of several 51% attacks, people began to lose confidence in it. The team is trying to salvage the project with a new hard fork (denominated "Thanos"), but it's yet to be determined if the network will be able to remain impervious from further disruptions in the future. Besides, the ETC blockchain lacks real use cases in the mainstream world. The number of dApps available on it are very small, compared to those available on the main ETH blockchain. No one will want to use a blockchain that lacks mainstream adoption.

Given how ETC has been performing over the past months, I'd say that it'll turn out to become another "Litecoin" or "Dogecoin" in the long run. Prices won't rise much as people will continue to support big players on the market. It's no about having a limited supply of coins, but rather delivering real use cases for the mainstream world. Based on current facts, I'd say that ETC is NOT undervalued. It's more "overvalued" than anything else. With constant network disruptions, ETC should've been worth cents by now. Just my thoughts

No it will never happen. Ethereum 2.0 is full proof of stake which is totally different from ETC which wants to maintain GPU mining, as their fork recently also confirmed. Maybe many years down the line but for sure not now. If it can get more miners to return to it maybe,,, otherwise the 51% attack killed their value.

It would be a big mistake if you underestimate etherem classic, this coin has great potential, and is likely to match the price of ETH for the future ,,, currently the development team is working hard to create new innovations so that this project will get  the trust of the public and investors back.  , in my opinion, currently the ETC only needs time to perfect the project,

Is that mean if ETC has possibility to be merged with ethereum 2.0? i just know that recently but im not yet trying to check it. I will try to check it out asap. It looks agharta was an old ethereum hardfork.
I never thought if ETC will have compatibility to the ETH 2.0

Thanks to the Agharta hard fork, ETC has real compatibility with ETH2.0. Earlier, Vitalik Buterin voiced the possibility of such a union, but for almost half a year there is no information about this. After the Ethereum 2.0 mainnet update, it would be nice to get accurate information on this issue.

I don't agree if ETC is underestimated, because etc just haven't found an innovation that can make it different from Ethereum, and that innovation can make people trust ETC again. With the current ETH PoW moving to PoS soon, having another ETH ETC is a bit too much. Therefore, ETC holders might really like it to be merged because, as Buterin said, they would get ETH on the PoS chain in proportion to the value of one ETC.

Ethereum Classic is not undervalued, if you look at the information about Ethereum Classic on coinmarketcap or Coingecko,
ETC already has high ROI, 700% increase in ETC during ETC launch in crypto world, this is not undervalued coin.

The market value of ETC is quite high compared with other coins，it is success to survive in such a competitive crypto market.
But if compared to ETH，indeed ETC is undervalued，after all, they used to be the same chain. So i believe ETC still has a great potential.

Completely agree with you, mate. The many attacks experienced by Ethereum Classic, certainly removes people's confidence in it. The team may try to fix things by adopting security mechanisms against 51% attacks. But the damage is already done. Something new and exciting must happen in order to attract investors back into ETC. But I doubt that'll ever happen, since people are focused on big players like Bitcoin and Ethereum.

Nonetheless, I believe ETC will turn out to become another LTC as people lose interest in it. There are far better coins out there on the market with better features, and most of all, hardened security. With Ethereum making strides in the mainstream world, why should anyone switch to Ethereum Classic in the first place? At its early days, the project started with a good vision of enforcing the "code its law" mantra. But now, it's no different than the original project (ETH) itself. By becoming cross-compatible with Ethereum, the ETC project becomes identical to Ethereum in every way. It's all a matter of distancing itself from the original project in order to thrive in the ever-evolving crypto/Blockchain space. Without originality, people will look elsewhere. I've once said that ETC was undervalued, but now I take it all back. If by any chance the project improves in the future, you can rest assured prices will go all the way to the moon. But the chances of that happening are very slim. Just my thoughts

It's not losing anything but people who have been betting on this coin lost a lot of their money. This coin is not even worth to buy. So many times 51% attack happened with this coin.
It's a big shame for people who call this one immutable.

People are feeling so tired with so many attacks happened in this coin. Ethereum is much better than this coin. A forked coin will never be a better version from the original coin.

bch can do more . you see its price and ranking were high , its an example of a non undervalued coin but who says it is better than the main coin ? i didnt knew that fork coins were created to attempt to fix the lackness of the main coin but i think it doesnt work like that . @Btra price or the value of fork coins arent the same as the price of main coin , or you mean to say value or how we value them ? we can if we want to but most of us just dont like fork coins . etherium classic is not really that under value because the coin was not far from bch that were also recognized by the comunity

Unfortunately, forked projects turn out to be a failure in the long run. They resemble the original project so much, that leaves them out of the spotlight. There are far better options than Ethereum Classic such as Tezos, Polkadot, and even EOS. With subsequent 51% attacks on the ETC blockchain, I doubt people will consider it a serious investment for the long term. The inability of developers to take action against such network disruptions leads people to lose confidence on the project. It's no wonder why most people in the mainstream world still trust ETH on top of ETC. The Ethereum Classic project will turn out to become a failed experiment in the long run. While I'm not quite fond with ETH's decision of rolling back the blockchain during "The DAO Hack of 2016", it's still the best smart contract platform in the world.

Nonetheless, anything can happen in this strange and bizarre world of crypto. If ETC adopts a new mechanism to protect itself against 51% attacks, it might gain traction once more. But in order to maintain demand on the market, the project needs to provide constant development and innovation. Originality is key for any project to stand strong in the mainstream world. I wish ETC would distance itself from the main ETH blockchain by adopting features not found elsewhere. At least, ETC adopted a new monetary policy which limits the total circulating supply of the coin. But it needs a little more "pizzazz" if it wants to stay ahead in the game. Given ETC's current state, I'd say that the coin is not undervalued at all. Just my opinion

This made me chuckle, the original developer who made everything possible is a mystery and not related with bitcoin and as far as development is concerned your words are almost true as there are new terms coming out every now and then but whether these additions made any changes for the base concerns is to be reviewed but the price is moving higher.
That being said i do not expect Ethereum Classic to make any moves that would drop anyone's jaw seeing their valuation and that is the case with their development.

We cant really expect that much specially on forked coins and just like what we are seeing on the current forked coin of bitcoin which is bch which isn't really that performing well too.

Even though it is a better version of the said mother coin or on where it did originated.It doesn't mean that the main support would just make out some transition came from
on the main coin.

We cant say being undervalued here yet prices always indicates about on the level of trust and support of the entire community with it.

Unfortunately we could consider it as much gone as possible, I know people think that it is possible for ETC to make a comeback but like you guys said it is impossible after all these 51% attacks. It is great that you changed your mind abiky because the price is not going anywhere, normally I understand the logic but it doesn't apply here.

If I saw a coin have a problem and if I see it as a onetime thing and not a long term problem and the price plummets a lot, I would get in as well thinking it is undervalued since it was a onetime problem and it will recover and go back to old days. This idea doesn't work in ETC because it doesn't have a path to recovery, sure some people may work on it but it is an abondened project that is destined for more 51% attacks in the future.

It is not undervalued. We cannot say so (however, this is my personal viewpoint). Ethereum Classic is losing its positions simply because many guys stopped the hype around it. Suppose, it will be traded  in 5+/- 1 dollar limits during this year and in 2021.

The attacks that occurred in July and August 2020 on the Ethereum Classic blockchain caused the hashrate to plummet,
and it is not certain how many ETC will be successful in double spend. Even though January 2019 Ethereum Classic was
also attacked and made the Ethereum Classic price plummet. With many attacks on the ETC blockchain network investors
have lost confidence in ETC, maybe this is the reason Ethereum Classic is undervalued. My advice now is not a good time to
invest in ETC, let the Ethereum Classic development team make improvements to their security first.