Topic: Is Ethereum Classic undervalued? - page 5. (Read 1745 times)

I don't know why you think ETC is undervalued when no Dapps is using it, ETC team need to come up with a plan to save it, if not , I can see it going to oblivion, many smart contract chain are out there with better network security and faster transaction speed and ETC is still relying on the old hype

There is nothing going on with the coin to create any massive interest in the coin, anyone who were holding ETH would be getting the forked coins and hence if you are looking at the ROI in that aspect then i can understand, other than that there was literally nothing going on in it. The developers need to find the niche to attract investors if not it will be viewed as just a fork without much interest and then die off eventually.

already 2 years ETC is still in the zone of $ 5 to $ 10, I do not consider the ETC undervalued, ROI has been 8x, this is good for investors, but indeed the opportunity for ETC is still very large, because it is still in the top 50 coinmarketcap

   I don't like forked coins, I like to invest in original ones. But we can't deny that some forks are holding good all this time, and
they have many supporters.
   I think there're many undervalued alt-coins in crypto-market. Is Ethereum Classic one of them I can't tell, time will show. We
invest in alt-coins with hope that some of them, if not all, will make huge progress in the future, that will affect the prices to rise.

It turned out to be code is not law, it was a popular slogan for a while but historically it is proven that it cannot be the final word and we have seen that with the hard fork of ETH and the same theory is broken in bitcoin where the code of law is broken multiple times from the code of law written by Satoshi and hence there is no point in sticking to that slogan.

For ETC to be successful they need to have a solid plan on what they are going to do, store of value will not survive for long and that is the case with all the speculative coins without substance as investors are not dumb all the time.

I also do not know of any interesting projects on this blockchain. Very high competition in the cryptocurrency market and Ethereum Classic is not easy now.

maybe there is a development and ETC usage is really low, i have not heard on any promising project that is currently on ETC network, could you provide one? without users, network could be good as hell, but worthless

Believe me, Ethereum Classic is still being developed by passionate members of the community. It's just that everything goes "under the radar" these days. The team needs to have a better marketing strategy in order to attract people into the ETC project. Right now with the "Phoenix" hard fork, there has been some discontent within some members of the community because it "broke" some smart contracts on-chain. We might see a separate version of ETC soon, if the community and devs don't come to an agreement. This should lower prices per ETC on the market within the short term. If all goes well, we can expect ETC to reach massive demand in the mainstream world. The cryptocurrency is undervalued, simply because it has a low price while its supply is much more limited than Ethereum (ETH). With ETH 2.0 coming along the way, miners from ETH could switch to ETC, making it a stronger cryptocurrency in the mainstream world.

Nonetheless, time will tell us what lies ahead with Ethereum Classic as an alternative to the main ETH blockchain. It could either go all the way to the moon or down the drain in the future. The competition is becoming fierce with new smart contract platforms emerging everyday. ETC's position on the market could be threatened by other big players in the crypto/Blockchain space. With low demand from everyday people, it doesn't seem that ETC will have higher prices in the future. Just my thoughts

Since this coin idea is from bitcoin and ethereum, which do you think investors will invest, to the original right? but there is always a potential if they upgrade something really great which can compete with ETH 2.0 on 2021, who knows, One whale can really pump it and ride the news but I don't like that scenario which manipulated. I don't really heard some new development for this coin, For me, its price is just right.

there is no event for ethereum classic yet, but the impact of Ethereum 2.0 will also affect the Ethereum classic ,
buying at current prices is already high, because the ETC is currently experiencing an increase, wait for the dip again

I must have missed that! Did it really get so high just before the March crash? I have a few ETC, but nothing worth too much, just a small part of my mega basket (mega in variety not in size;)) of altcoins. I do not think altseason will come again,,, but if it does, hope my mega basket including a few ETC will make it big;)

I am not too concerned about the price of alts after a hot event happened. because economic theories are not well represented here. When the ETC grew strongly due to many people a lot of fomo about the good news. then when the price has peaked, it must be sold off and return to the old price. This is what usually happens in this crypto market and it makes no sense. People are pouring money into investing in Ethereum 2.0 and we are about to see its strong growth.

I know that this coin still has a community of people who believe in it, but I do not see its development. it’s just a project that is not unique in this market and the time will come when it will completely stop to exist

Ethereum may have the most adoption in the mainstream world. But I believe that Ethereum Classic has the potential of becoming something big in the future. With a hard cap in supply, ETC could become the store of value in the world of smart contracts. It's a good thing that ETC preserves immutability of the Blockchain, just like Bitcoin is doing today. While the controversial ETH hard fork returned stolen funds from the DAO hack to the original investors, it greatly defeats the purpose of Blockchain technology. No matter what happens on the Blockchain, it should remain immutable where "code is law". At least, that's my point of view.

The Ethereum Classic blockchain could gain a plethora of dApps and tokens if there's demand for it in the mainstream world. But since people are focused on the big players in the blockchain industry, it looks very unlikely ETC will be going somewhere. Maybe after ETH switches to PoS, miners will migrate to the ETC chain? If you compare both ETH and ETC, you'll notice a large difference in their total supply. ETH has an undefined supply, which means that it'll experience inflation indefinitely. That's not the case with ETC, with a hard cap of only 210 million coins that will ever be mined. If we base ourselves on this, then Ethereum Classic is definitely undervalued.

Nonetheless, mainstream adoption is what matters most here. And so far, Ethereum is the winner. Ethereum Classic will always be an "inferior" cryptocurrency in this sense. But I doubt it'll die anytime soon because of the developers and community supporting it every way. It'll be one of those tried-and-tested smart contract platforms that will last for long in the crypto/Blockchain space. Just my thoughts

Please explain why Ethereum classic appeared. I mean it was a fork of Ethereum, but why it is not widely used and not as popular as Ethereum ? This is another blockchain with smart contracts, but many still prefer Ethereum (based on my experience in bounties and looking through ANN topics).

We'll see. For what I know, PoS is less secure than PoW itself. If ETH goes full-fledged PoS, it may become more susceptible to external attacks. Miners could migrate to the ETC chain if rewards are highly attractive to them. They'll be forced to look for an alternative ETH-based chain, as they'll be left out of the game. Still though, ETH has a large ecosystem of dApps and tokens than ETC itself. I guess that it's all a matter of mainstream adoption than anything else. I've seen many coins with a limited supply, only to have a very cheap price on the market. Cryptocurrencies that are actively supported by developers and people in the mainstream world will thrive in the long run.

Given that the ETC project is still being actively developed and maintained by the community, there's the possibility that it will last for long. I'd expect prices to reach far beyond $20 per coin in the next crypto market bull run. With a very limited supply of only 210 million coins, ETC could become the next smart contract platform that's a resilient store of value resembling Bitcoin in every way. ETH will continue to live for the foreseeable future, but it'll be used more as digital cash or a short term investment than anything else. Just my thoughts

Ethereum classic is still a lot of fans, in February Ethereum classic reached $ 12 more and this is the highest price for a while this year and in my opinion this is the right time to buy Ethereum classic for those of you who like.

Can consider a lot of facts for a lot of altcoins but the real fact remains,,, just because it did it before does not mean it can do it again. To be fair, ETC at 6 now is about 15% of ATH which is NOT bad at all, considering ETH is also about 16 or 17%. Some alts are not even at 10% of ATH so yes,,, ETC can make a comeback and IS undervalued.

However price of ETC is not following btc all the way, I tend to agree - if btc will meet success is much more likely to etc price go higher
And etc at the moment is so cheap that we all can buy it as long term investment - who knows it may out beat eth in several years

I also don't follow this altcoin on a regular basis, but I totally agree with you on this idea. They do not have any clear products about their projects, nor do they implement too many marketing policies. That is why they are not popular in this market and the price keeps going down