What is Ethereum Classic?
The Ethereum classic is a coin that was separated by a hard fork. It is known by the abbreviation ETC. As it is known, in the past years, Ethereum has been attacked and some coins have been stolen. Thereupon, with this method implemented by the Ethereum Foundation, ETC emerged. In the following periods, with the innovations made, many people saw ETC as an investment tool and it still exists as a very popular coin.
Ethereum Classic Timed Movements
When the Ethereum classic was first released, it rose to 1/5th of Ethereum. He managed to capture Ethereum, which was around $100 at the time, up to about $21. Today, while Ethereum classic circulates between $21 – $30, the market value of Ethereum approaches $2500.
It has not been able to show much movement since the day it was first released. However, it is thought that its movement will increase with the Ethereum 2.0 update by the Ethereum foundation, its developers.
About Cryptocurrency Mining
As with many coins, it may be possible to take advantage of crypto mining privileges in all coins marketed on the Ethereum network. Of course, it is useful to act according to this update and the market value of the coin. It should also be noted that investors currently have serious question marks about investing in this coin. Of course, when it comes to his project and developer, it may be possible that he is drawing a rising graph in the future. For similar coins and infrastructures, XRP, bch, and it can be examined. It should be noted that all these coins are the same in terms of movement and inactivity.
At the same time, we would like to specifically mention the following: ETC today maintains a large part of the current market movements with the current mining. In other words, thanks to Ethereum mining, it is increasing and trading activities continue in this way.
In the future, when crypto mining starts to turn to different coins, there may be question marks about Ethereum. It is not possible to make a clear statement about when we will encounter such problems. However, as we mentioned at the beginning of our article, we would like to point out that in the long run, with the Ethereum 2.0 update, the movement of the coin is predicted to increase several times.