Topic: Is Ethereum Classic undervalued? - page 2. (Read 1745 times)

@Abiky. It was never going anywhere without the support of the original developers. Ethereum Classic, similar to Bitcoin Cash and others, I have never seen a project that forked without its original developers that became successful.

Exactly. The constant 51% attacks will scare off many people from the Ethereum Classic blockchain. No one will take it seriously for day-to-day payments. Developers must act quickly if they want their project to succeed in the mainstream world. Otherwise, it'll fade into oblivion just like the rest of the ETH forks on the crypto/Blockchain space (with the exception of Ubiq and Expanse). I believe that ETC will turn into another "Litecoin" as its prices will stale on the market. ETC will only go up in price if Bitcoin goes all the way to the moon. But it won't be able to get on its own, due to the reasons mentioned earlier.

Which is why I think that ETC's current price on the market is NOT undervalued. I've changed my opinion, after seeing a series of events on the project. Unless developers start doing the right thing by adopting a new PoW consensus mechanism or relying on merged mining for Blockchain security, the ETC project won't be going anywhere. With ETH surpassing ETC in terms of mainstream adoption, I doubt anyone would be interested in ETH's sibling (which is ETC). There are far better smart contract options to choose from each with their unique features and use cases in the mainstream world. Polkadot, TRON, and EOS have what it takes to challenge Ethereum in the future. Ethereum Classic will slowly fade into oblivion as another clone of the Ethereum blockchain that's useless for the mainstream world. Just my thoughts

If we look into the exact value of the Etherem classic then it should be the same as the Ethereum price because of the fork it divided into two separate coins equally. So, we can say that it is now undervalued.

Actually once Ethereum died then maybe this will be a potential Coin.
But like you?i don't believe it also that fork coins really has a good thing in the future,Like those coins that forked with Bitcoin on who's now i the bad shape also.
ETH classic ranking 32 https://coinmarketcap.com/currencies/ethereum-classic/ is now at 5% growth is still for me is not enough for this to be called next ethereum.

You can say it about many more coins, which are forks (but ETC it´s not a fork, it is original blockchain of ETH) like bitcoin cash, bitcoin gold, etc...

Ethereum has never thrived after the classic fork. Consequently, its value has always remained low. In my opinion, even these prices are high. The value of this coin should not be more than $ 1. It has no extra features compared to Ethereum. It is a completely dysfunctional coin.

It was the biggest disappointment for the alt holders, when the price of Ethereum Classic dropped form almost $ 31 to $5 and even lower. Therefore, many people simply lost their money and the hope that this crypto is really worth money invested it it. I pick other alts.

Consistent 50% attack on ETC has made some people to stay away and beside, any fork always leave on the shadow of its parent. All Bitcoin forks has been looking at the BTC dominance from very far and none of them was able to get closer. ETC will also not be a differential.

People have different views about Ethereum Classic. Some say it has taken the right path by forking away from the original project, while others criticize its move. In ETC's early days, everything was just reds and roses. But as time passed by, the project became nothing more than just another copy of the original project. Whereas ETC devoted to its "Code is Law" mantra, now it's mirroring Ethereum by going in-par with the original project's developments. The dev team's excuse is to make ETC directly compatible with ETH. But this move makes ETC exactly the same as ETH. Why would someone want to use ETC when they can use ETH with an ample number of dApps to choose from? What sets ETC and ETH apart is the supply of coins in circulation. While ETC has a defined hard cap in supply of 210m coins, ETH has decided to remain with the original model of being inflationary (with an undefined hard cap in supply). The rest is just the same between both blockchain networks.

With so many smart contract platforms out there on the market, ETC's position could be threatened in the long run. The series of 51% attacks, and the lack of developer competence will lead ETC to its demise. A project like ETC would've been a viable competitor against ETH if developers would've acted quickly to protect the network against further disruptions (by adopting a mechanism like Merged Mining or a different consensus algorithm to counterattack efforts of a 51% attack). Technically speaking, ETC is undervalued. But that's not really the case these days. Time will tell us what lies ahead with the future of ETC as other blockchain projects take the world by storm. Just my thoughts

An uptrend have been expected from etc for more than 3 years. Especially when Barry Silbert was shilling Ethereum Classic. But even in big bull run, etc price did not move too much. So etc is kinda disappontment for many investors.

Everything about Ethereum is a fantasy and you made it somewhat clear about what Ethereum classic is all about, it was a hardfork without everyone's consensus and so is the reason the ETC came into existence and this move proved that the developers do not care about consensus and they are taking decisions like a centralized entity.

What is the present situation of classic and what are the major developments going on and taking all that into account it is not undervalued.

There are far better blockchains out there with greater scalability and better security than Ethereum Classic itself. What separates ETC from the original project (ETH) is the hard cap in supply. Other than that, everything else is the same. With all that's happened with ETC lately, I don't think it'll be able to reach new ATHs in price on its own. Only a bull market will allow ETC to reach a higher price in the long term.

Nonetheless, I believe that Ethereum Classic will turn out to be another failed project just like some ETH forks in the past. Unless the dev team does something to prevent further 51% attacks while at the same time provide innovation to the project, the cryptocurrency won't be going anywhere. If we base ourselves in both ETC and ETH's supply, then we could say that ETC is undervalued. Still though, it's not about scarcity but rather how useful and reliable a Blockchain network is. And so far, ETC has failed in providing a secure environment for decentralized transactions in the mainstream world. There are far better options to choose from such as Polkadot and Tezos with their constant development, innovation, and most of all, mainstream adoption. The market will ultimately decide which cryptocurrencies will stay and which will fade into oblivion. Just my thoughts

You got it totally the opposite. Ethereum Classic is the original version of Ethereum,,, and Ethereum was the fork of it, or more accurately, the rolled back version of it after a hack that caused many holders to lose funds.

Unfortunately the majority of people agreed with the rollback and thus immutable blockchain became fantasy.

I think Ethereum Classic will eventually phased off :/

Despite We have polkadot which can cross any type of blockchain together
However Ethereum still account for most of the Dapps/Transactions/Adoption compare to Ethereum Classic
Thus, i don't think it is undervalue

Perhaps ETC can go up in price, but it's value will be an obstruct because we have other better Blockchains

I would like to know What was the idea behind investing in ethereum classic is it because it has the name ethereum ? It is fork of ethereum which people don't use and is used only for trading . I don't see long term potential here.

As the market changes, the more it becomes neglected. ETC did the boost last 2017 as the hypes came out but as it has done, people have never known it that it existed. They are focusing more on Defi projects now, a reason that many altcoins become undervalued just like Ethereum classic. It has the potential before but after having their issues, it turns out that people never have the interest to risk their money. As the years pass by, the more it becomes undervalued and soon it becomes one of those dead coins in the market.

It is what I think.

If the altcoin someone's interested with has been attacked by 51%, it's pointless IMO to invest on it if it can maintain its network. While the exchanges have taken action with additional confirmation and delay.

It's very hassle to look at ETC as an investment, it doesn't count anymore to my bucket and I guess to others too.

Every one had a good intrest on Ethereum,only few had a interest on Ethereum classic.Market is not only demand on the buyers,it also depend on the investors.For the long term investment,I was dam sure you can inverse on the Ethereum classic.But the risk taking people getting huge as a profit .

I don't think ETC is a good investment right now, especially after experiencing a number of 51% attacks few times in a row. This creates loss of confidence among investors and traders in the mainstream world. An unstable blockchain network will be considered as completely flawed unless developers work on a proper solution to prevent further disruptions. So far, the ETC dev team hasn't adopted a mechanism to protect the cryptocurrency against further 51% attacks. As long as this is the case, the cryptocurrency won't be going anywhere in terms of mainstream adoption.

Nonetheless, ETC's hard cap in supply vs current price tell us it's undervalued. At least, it should've been this way. But developer competence and mainstream adoption is what matters most for a cryptocurrency to gain massive demand on the market. Ethereum is and will always be the winner because of its first-mover advantage. On top of that, the security of the ETH blockchain is beyond compare. ETC will never be able to compete directly with ETH as it's constantly attacked by malicious actors. Investing into ETC for the long term, seems to be an extremely risky move in my own opinion.

Sometimes it don't go like that.

The opposite comes but it's just for few moments. But do you think guys that it's still good to invest to ETC? I don't think that it is.

It's been 51% attack many times and that's why I don't think that it's still worth it.