Is Ethereum Classic undervalued? - page 7.

Mahanton

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Quote from: Abiky on June 12, 2020, 09:47:55 PM

It's been 4 years since Ethereum Classic's inception, bringing development and innovation along the way. One of the most noticeable improvements is the hard cap in supply. The ETC team has been able to successfully "defuse" the ETH "bomb" in order to keep the mining process "chugging" along for the foreseeable future. A hard cap of only 210 million coins was introduced on ETC in order to make it a scarce cryptocurrency just like Bitcoin is today. At a programmed number of blocks, the reward will be reduced on the Blockchain in a similar fashion to Bitcoin's block reward halving event.

Considering this, and some other features ETC has, I sometimes think the same is undervalued. The Ethereum blockchain will be shifting into PoS, so miners might migrate into ETC. If they do, demand for each coin might rise on the market like skyrocket. But if they don't, prices will stale. Comparing current prices vs total supply of the coin, it seems that ETC is way undervalued and under the radar of serious traders and investors alike.

What are your thoughts? Is Ethereum Classic undervalued? What do you think its price will be in the future? Huh

I can say everytime to a forked coin which is way more better than into its parent just like on what happen on BTC itself. We can presume out that it wont easily able to beat up on where it do came from.
This had shown in all forked coins out there that they can able to go beyond in terms of price.Each of us do have our own inputs or insights towards each coin, if we do see it undervalued then we can opt
in to risk to throw up some money to invest on and lets hope for the best on upcoming years and can potentially give that profit that we are aiming but everything doesnt have an assurance
no matter how good it is, actually there are lots of undervalued coins in the market which isnt on the top rankings but still lying low when it comes to its price.

Febo

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Quote from: Abiky on June 12, 2020, 09:47:55 PM

A hard cap of only 210 million coins was introduced on ETC in order to make it a scarce cryptocurrency just like Bitcoin is today. At a programmed number of blocks, the reward will be reduced on the Blockchain in a similar fashion to Bitcoin's block reward halving event.

Right now there is 116 million ETC, what is 5 million more then ETH. Pretty similar for both but far from Bitcoin that is still under 18 millions. ETC is worth almost a billion, what I think is quite a lot. If a lot people will use their platform then price will increase. If that is not the case price of ETC will stay where it is now.

whyrqa

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At least for today it is very difficult to say something about the prospects of Ethereum Classic. The fact is that this coin keeps afloat due to popularity among traders and, first of all, its value is supported due to available mining, with a certain degree of benefit. And these are practically the only factors on which the success of the Ethereum classic depends, since this coin has no other functionality yet.

monineklutak

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Ethereum classic performance is still good, so if you mention that the ETC undervalue in my opinion is wrong,
because the price of $ 6 for ETC is very good, maybe the long term ETC can be $ 12- $ 16

AB de Royse777

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Quote from: Hairynipples on June 13, 2020, 12:17:21 AM

I bought 20 ETC this week as at $9.50 AUD it seems relatively cheap as a long term investment

I can't remember correctly but I think long ago I bought some ETC at $20+ or something however I remember correctly that I made some profit when I sold them though.

Quote from: posi on June 13, 2020, 03:14:37 AM

ETC worth a shot as you presumed but i will advise to invest wisely.

These days, I am not into investing in alt. So I am safe from risk taking :-P

hulla

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Quote from: suzanne5223 on June 13, 2020, 03:04:39 AM

Ethereum classic is not undervàlued by any chance but what affected it price/level of support it because it operated the same concept of the two top coins in the market. What concept I'm i talking about?
It offers building of decentralized applications that run on its blockchain which ETH does.
It is also not controls or owns anyone just like Bitcoin. You cant expect Bitcoin and ETH enthusiasts and miners to leave these two coins for Ethereum Classic.

Agreed, because any fork coin or project that reproduced a previous project procedure will always live in the shadow of the project imitated and this is what happened is the smart contract platform very coin that offers after ETH never flourished above ETH. It better to more concept which will make coin stand out in the market when reproducing others ideas.

ethereumhunter

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Ethereum classic still undervalued, and if we look at the history, ethereum classic price can not increase so high than ethereum. I don't know, maybe the dev and the teams are not make something, or there is another reason why ethereum classic still at the low price. But with the price now and the next bull run, I think that it can be possible for ethereum classic price to increase, and we hope that the price will be the ethereum price.

posi

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There's a possibility that the coin is undervalued cause it hard an hard fork this month which ought to influence it price and i also believe the reason behind ETC undervalued was because crypto market is in manipulation stage which literally affected every crypto in the market include BTC.

Quote from: AB de Royse777 on June 12, 2020, 11:38:18 PM

If the price is too low for ETC then it might worth a shot.

ETC worth a shot as you presumed but i will advise to invest wisely.

suzanne5223

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Ethereum classic is not undervàlued by any chance but what affected it price/level of support it because it operated the same concept of the two top coins in the market. What concept I'm i talking about?
It offers building of decentralized applications that run on it blockchain which ETH does.
It is also not controls or owns anyone just like Bitcoin. You cant expect Bitcoin and ETH enthusiasts and miners to leave this two coins for Ethereum Classic.

Dpat

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Yes, the Ethereum classic is in undervalue stage because whatever the result the ETH has given these days the ETH Classic still in normal mood. You can gauge the ETH Classic value as same as the Ethereum because both have same features and functionality. So, buy this coin.

FireBallex

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If you are into crypto for a long term ride then it's good if you can buy ethereum classic right now, it's so undervalued and if Bitcoin rise better in near future ETC will bring better return of investment

Hairynipples

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I personally think that when ETH switches to POS that miners may well point their rigs at ETC and that in turn might push the price up.

I bought 20 ETC this week as at $9.50 AUD it seems relatively cheap as a long term investment

AB de Royse777

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Quote from: Abiky on June 12, 2020, 09:47:55 PM

A hard cap of only 210 million coins was introduced on ETC in order to make it a scarce cryptocurrency just like Bitcoin is today. At a programmed number of blocks, the reward will be reduced on the Blockchain in a similar fashion to Bitcoin's block reward halving event.

This was not in my knowledge, I always thought ETC has no limit like ETH. However, I have no idea how to evaluate it. I do have some ETH in holding from long ago and waiting for a better price point to sell them for BTC lol

If the price is too low for ETC then it might worth a shot.

Abiky

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It's been 4 years since Ethereum Classic's inception, bringing development and innovation along the way. One of the most noticeable improvements is the hard cap in supply. The ETC team has been able to successfully "defuse" the ETH "bomb" in order to keep the mining process "chugging" along for the foreseeable future. A hard cap of only 210 million coins was introduced on ETC in order to make it a scarce cryptocurrency just like Bitcoin is today. At a programmed number of blocks, the reward will be reduced on the Blockchain in a similar fashion to Bitcoin's block reward halving event.

Considering this, and some other features ETC has, I sometimes think the same is undervalued. The Ethereum blockchain will be shifting into PoS, so miners might migrate into ETC. If they do, demand for each coin might rise on the market like skyrocket. But if they don't, prices will stale. Comparing current prices vs total supply of the coin, it seems that ETC is way undervalued and under the radar of serious traders and investors alike.

What are your thoughts? Is Ethereum Classic undervalued? What do you think its price will be in the future? Huh

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