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Ethereum (ETH) Merge begins as last Testnet goes Live

As parameters for Kiln, the last public testnet before transitioning to the PoS mining algorithm, were revealed, Ethereum (ETH) moved another step towards the Merge, when the current Ethereum Mainnet will “merge” with the beacon chain proof-of-stake (PoS) system.

“The Kiln testnet configurations are now available,” stated Parithosh Jayanthi of the Ethereum Foundation. He also stated that a larger article with additional details and links would be published soon and that the beaconchain will be launched on Friday at 14:00 UTC. The [proof-of-work, PoW] chain has already begun, and the PoW phase is expected to last a week. The requested users to deploy their smart contracts right away so they could see how they behaved before and after the integration!

In a late January update, Ethereum core engineer Tim Beiko stated that Kiln will go live following testing deployments on Kintsugi, a “longer-lived, public testnet” set to open in late 2021 to allow application developers to become acquainted with a post-merge Ethereum environment.

Meanwhile, in order to guarantee network security and a seamless transfer, developers are requesting the community to test the Kiln mainnet and assist them in identifying any difficulties.

Developer Marius van der Wijden also revealed that Kiln has been “turned up” and that it is now testing time until the Merge on this testnet takes place, which is scheduled for the mid-next week, as well as details on how users may participate.

“Let me tell it as honestly as I can: Kiln is THE BIG milestone for the Ethereum Merge,” said Superphiz, who defines himself on Twitter as an “Ethereum Beacon Chain community health specialist.”

Beiko further mentioned that the data acquired during this testing might influence the timing of the Merge.

March 10, 2022
Twitter Adds Support for Ethereum Wallets

Ethereum wallet addresses are now being considered for Twitter-native tipping, the firm said on Wednesday.

Twitter founder and former CEO Jack Dorsey may be a fervent Bitcoin supporter, but now that he’s relinquished his crown as king tweeter, why not send him an ETH tip? Twitter announced many additional payment methods for its tip jar function today, including Ethereum addresses. Twitter now accepts international financial companies Paga, Paytm, and Barter by Flutterwave, allowing users in Nigeria, India, and Ghana to tip.

Bitcoin tips are currently accessible on Twitter on the grounds that to Strike’s Lightning Network, which diminishes transaction costs. The joining of Ethereum, then again, supplements Twitter’s move into non-Bitcoin crypto highlights, for example, the famous hexagonal NFT profile pictures.

In September, the online media behemoth presented bitcoin guidance. Clients may now additionally incorporate their Ethereum wallets into the item. (Kindly remember that it is just accessible on phones.)

The move comes following Twitter’s continuous assessment of the Ethereum environment. Last month, the business presented a non-fungible token (NFT) check for premium “Twitter Blue” individuals. Ethereum wallet support, then again, is accessible to all clients who consent to the organization’s tipping strategy.

As per the news, Ethereum Naming Service is not available rather we can only use those long wallet addresses to send tips. Stable Coins and ERC-based tokens can be used to tip.

As indicated by Johnny Winston, Twitter’s senior item administrator for maker adaptation, the organization is proceeding to extend techniques to get compensated on Twitter, including new choices for makers and fans who wish to use cryptographic money. They’re excited to have the option to add anybody’s ETH address to Tips.

February 17, 2022
Will Ethereum (ETH) move to touch $3,000

Moving to the technical side of Ethereum, starting from the Weekly Time frame, the situation is very similar to BTC. The price recently tapped in a Weekly Order Block and got rejected from it.

Now the way price tapped into that weekly Order Block was not that momentous and the way price rejected off that Order Block shows bullish strength. Now just below that weekly Order block at the level of $1689, there is much liquidity lying which could drive the price downwards. But could that happen now? Well right now, the majority of the traders are waiting for that level as S&R traders would be waiting for that level to get into longs, while institutions traders would be waiting for the price to grab that liquidity and then get into longs. But as the majority is expecting that, so it’s very possible that market makers might do an upfront run from this Order Block which would kick the FOMO situation is the traders and they would try to get in involved at higher rates and once these things happen, then it’s very possible that Ethereum would get dumped more below that liquidity till around $834 as there is some imbalance there.

Now the bullish move, for the time being, can end around $3770 as that’s an unmitigated Weekly Order Block, and just below that there is some imbalance left. There is one more Order Block which is around $2927 but as that is in a DISCOUNT PRICING, there is a very high chance that that gets induced just to trap early sellers.

Moving down to the daily Time Frame, the price has lost its bearish Momentum, broke the Descending Correction, and is on its way to make a new Lower High which may eventually push the price to that Point of Interest.

Moving more lower to the 4 Hour Time Frame, the price as soon as it touched the Weekly Order Block started to do a Wyckoff Accumulation and price is very likely to bounce now, as on 4 Hour Time Frame, at different Places there are imbalances left which can drive the price to them as a magnet.

Now as this whole scenario is very much similar to the BTC movement, this is very much high probable, but sudden and unexpected moves in BTC can invalidate this whole scenario.

February 1, 2022
Ethereum (ETH) – Where to Now?

The native token of Ethereum is ETH. The Queen of the market that sometimes decouples with the BTC.

At the time of writing, ETH is being traded at the rate of $3,784 with an increase of almost 1.01% within the last 24 hours.

The low within this tenure was around $3,687 and the high was approximately $3,807. The coin as being in the watchlist of many traders makes it rank all the way up to number 2nd according to the latest data released by coin market cap. Ethereum is the most widely used blockchain in the market.

ETH during the month of November approached its new All-time High around the price of $4,868. The trading volume today on the other hand has increased by almost 80%.

The top exchanges for trading ETH are currently Kucoin, Binance, FTX.

Technical Analysis – Ethereum (ETH)

The analysis that we did on 30th November 2021 is still in play. You can find the analysis here. We can see that the price of Eth has played out exactly as we have said before. Eth has been following BTC in terms of price movement and it didn’t come as a surprise when the price of Eth dropped.

Now we can see in the chart, that the price of Ethereum (ETH) has been consolidating for a while before dropping down. Now there can be two possibilities from where the price can show a reaction.

One thing to notice is the mitigation area. This is due to the presence of an imbalance in the price. Now the price can drop to this level. But from where?

The price can show a reaction from the imbalance and the order block that it has created four days ago when it dropped down and broke the trend line and the structure as well. The second place is the order block which has been formed a few days before this one. Price can show a reaction from that level as well.

Price Prediction – Ethereum (ETH)

ETH has been one of the fast gainers in the market. According to wallet investor, the price of ETH is to reach a value of $7,179 in a year. For five year plan, wallet investors think that the price is to reach a value of $19,533. This means that ETH is considered a good investment. Ethereum is the rightful second place holder among the top cryptocurrencies in the market.

January 1, 2022
How Well could Ethereum (ETH) Perform

The second frontrunner of the whole crypto market. The second highest dominance in the market is Ethereum (ETH).

At the time of writing, ETH is being traded at the price of $4,419. The price of ETH has increased by almost 7.08% in the past 24 hours. The daily trading volume has also increased by almost 40.28% in one day. ETH is listed on coinmarketcap at 2nd spot according to market capital and has a market dominance of about 20.05%.

ETH before the crash had achieved it ATH around the price of $4,372 in May 2021. It later fell down to the price of $1700.48 during the crash and showed reversal from there. As compared to other coins it has been one of the fast gainers and now has achieved a new all-time high around the price of $4,868.

Technical Analysis – Ethereum

Ethereum (ETH) had continued to stay ahead of the major market and has printed new all-time high in the process. The price of the coin had been moving in a channel which can be clearly seen in the chart. But the price broke down and now has moved into an accumulation phase.

Now with confluence to the movement of BTC, we can expect a similar movement as the king. It seems that the price would create an AMD pattern. The accumulation phase is currently being completed and we can soon expect the price to move to manipulation where we can expect the price to go near the previous all-time high. After that, the distribution or expansion phase can start which can drive the price down to the daily order block from where we can expect a possible reaction from the market.

Long Term Prediction – Ethereum (ETH)

According to wallet investors, the price of ETH is highly bullish in nature and is a safe investment, and will continue to lead the market. According to their predictions, the coin will reach a value of $7,311 in one year. For a five-year plan, ETH is expected to reach a value of $19,232.

November 30, 2021
Update on the Crypto Market: What’s next

The crypto market is very hard to judge with a lot of volatility around the space. But the market updates keep the investors interested. If we go back into the past, things are improving for the cryptocurrency industry. And, Bitcoin and altcoins are getting more approval than ever before.

Bitcoin (BTC) has been trading in the key support region of $46,666 and resistance of $50,000. BTC crossed the $50,000 mark on August 23^rd, 2021 for the first since the last three months.

Regulation heralds the coming age of any new financial instrument. Some might argue that cryptocurrencies do not need help from the authorities. It may sometimes. But for cryptocurrencies to thrive in the masses, they need to be regulated.

Lately, there has been a lot of drama in the Crypto Market. China has threatened Bitcoin and completely ban the mining process.

Increased regulatory scrutiny from China is changing the bitcoin mining landscape. The bans aren’t exactly shocking, but their sudden manifestation and stringency have left miners in the region reeling.

Apart from the problems that miners are facing in China. What effects will this ban have on the crypto society in the future? That’s the crucial question. Well, since the ban news first surfaced, it had its impact on the market for a while. But there’s much optimism considering the circumstances in the US.

It is estimated that a substantial minority around 30% to 40% of China’s orphaned hash rate will end up in the United States, with Texas leading the charge. While the rest of the miners are expected to set up in the Central Asian region.

The U.S. is positioned to benefit greatly from the shakeout. We anticipate over 40 exahashes will be managed by U.S.-based mining pools by the end of 2021.

Recently, there has been a debate in the US government regarding the tax reporting of cryptocurrencies. For now, the US Congress blocked the crypto amendment. It was because of the undefined and broad language of the crypto bill.

Recently there’s been a lot of hype around Non-Fungible Tokens. Popularly known as NFTs. What we’re saying here is that the blockchain world is evolving more than ever. Bitcoin’s adoption by financial institutions is growing. PayPal is a big example recently.

The US government reportedly is pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Biden Admiration is keen to get hands-on the proper legislation of the crypto markets. The Treasury wants crypto businesses to report information on foreign account holders. So, the U.S. government can share information with global trading partners.

This is a good signal for the crypto community in the long term as we’re heading towards crypto adoption. Now the US government is serious about the crypto market and thinks of it as a major revenue tax stream.

However, former US President Donald Trump, in a recent interview, said that he’s not a big fan of Bitcoin. His stance regarding the crypto industry has been rather strict. If we see Donald Trump once again as the US president, things might get different.

Trump made a statement saying that he would like to see US currency thrive. He doesn’t like it because it’s another currency competing against the dollar. With hurdles, governments will gradually accept the reality and how crypto market can add billions to their economy.

There’s this latest update from Twitter. The social media giant could soon enable users to tip content creators using Bitcoin. This will be added via the latest update to Twitter’s Tip Jar feature.

Market Situation

Moving towards Bitcoin, things are looking good as of September 1. We might head towards a new bull run. Ethereum with the ticker name ETH has really kicked off and has lowered the dominance of BTC to 41.9%. And, Ethereum dominates by 19.1%.

Ethereum dominance means that altcoins are the ones that will benefit the most from the bull run. When there is higher BTC dominance, it means that Bitcoin will have a higher trading volume.

As of September 1, Ethereum’s price breaks $3,500 and hits 3-month highs against Bitcoin. Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50,000?

Bitcoin has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet.

Meanwhile, Bitcoin’s price faces a crucial resistance to breakthrough. While Ether is already cracking that resistance, hitting a three-month high versus BTC. And, facing a run toward the next resistance around the all-time high.

The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit. And, break through the resistance barriers in September. Historically, September has been a corrective month. Meaning that such a breakout may catch many traders off guard. The critical resistance zone at $51,000 is key to break for Bitcoin to push further upwards.

The daily chart for Bitcoin shows a consolidation between $44,000 and $50,000. This consolidation resulted in a big breakout of altcoins. Some altcoins already broke their previous all-time highs.

The bearish divergence in the chart will only be confirmed when the recent higher low is invalidated and broken downward. At that point, the uptrend is officially reversed.

Currently, the market is consolidating after the rally from Bitcoin’s July lows. The bearish divergence remains unconfirmed until Bitcoin loses the lower bound of the support range, which can be found at $44,000.

Whereas, the total cryptocurrency market capitalization shows a bullish continuation with constant higher lows and higher highs.

The crucial breaker for the market cap to break through is the resistance zone, around $2.12 trillion. Once that one breaks, more upside is likely toward new all-time highs. This structure might also foreshadow Bitcoin’s price trajectory. As the Bitcoin and USDT charts are showing upside.

On the other hand, Ethereum crossing the crucial breaker at $3,400 is a big signal for the crypto market. The difference between Bitcoin and Ethereum right now is that Ether is hitting higher highs, while Bitcoin remains in a sideways range.

So, the critical breaker for Ether is the previous resistance zone at $3,400. As long as that sustains support, continuation toward all-time highs becomes increasingly likely.

However, if a breakdown beneath $3,400 takes place, a potential bearish divergence comes into play. This could end in a correction to $2,600. Such a correction would also affect Bitcoin, which also has a few critical levels to watch as support.

Conclusion

To conclude our analysis of the market, if Bitcoin doesn’t go vertical or has a significant impulse wave. Altcoins are in a splendid position to outperform BTC in the short term. And that’s what the market is currently seeing.

September 23, 2021
Ethereum coin price prediction: Price target at $2,250

Ethereum coin continues its downtrend although at a decreased rigor. At the time of writing, Ethereum coin stands at a price level of $1,818. The price has fallen by 5% in the past twenty-four hours while the trading volume has decreased by 10%. ETH coin continues to vie for bullish momentum but with strong bear dominance, a bullish divergence cannot be sustained by the cryptocurrency.

Ethereum coin technical analysis

The market sentiment for cryptocurrency continues to be bearish. Out of the total twenty-six technical indicators, sixteen are giving out an indication of sell with the remaining ten indicators standing at a neutral position and zero signals at bullish indication.

Ethereum Coin Technical Analysis

Although the market outlook for Ethereum coin is bearish in the shorter timeframes, would the bearish divergence continue or can the bulls be expected to dominate the market? Per a trader’s analysis, ETH has been identified to be operating in a falling wedge formation. The falling wedge is a bullish pattern. Per the analysis, Ethereum coin has also formed a coherent wave count inside the falling wedge. A pullback from the lower boundary of the formation can be expected in the upcoming days. If the pullback is successful and the onset of bullish momentum begins, a break out from the formation will become likely. In that case, the potential price target set at $2,250 will be activated.

What is going on in Ethereum coin’s space?

Ethereum – the second-largest cryptocurrency – is an integral part of the crypto space because of its offering of decentralized finance through smart contracts. The aim of the network is to become the global platform for decentralized apps. The decentralized finance lending network Aave has announced to “build Twitter on Ethereum”. The co-founder of Aave, StaniKulechov, has tweeted the platform will give greater control to the audience. The news is one example of what Ethereum is capable of while the crypto space and its uses are still being explored.

July 19, 2021
Ethereum (ETH) Coin – Developments to watch out for

Where Ethereum (ETH) – the queen of the market – touched the sky at $4,000 during the bull run of 2021 has now lost more than half of its value. The cryptocurrency is struggling to maintain its price above $2,000. At the time of writing, Ethereum stands at a price level of $1,942. The price has declined by 4% in the past twenty-four hours while the trading volume has also been dropping.

The market outlook for the queen of cryptocurrency is bearish. Out of the total twenty-six technical indicators, fifteen indicators are standing at a position of sell with nine indicators giving out a neutral signal and two signals bullish at buy. The oscillators are neutral while the moving averages are strongly bearish.

Major developments to watch out for

Although Ethereum is suffering from increased bearish momentum, it still rules the market as its queen. The bearish momentum may have deterred some investors but definitely not all. The very first Ethereum Exchange-Traded Fund of South America has been approved by Brazil’s Securities and Exchange Commission. The regulator had previously given the go-ahead to Bitcoin’s ETF and now an ETF that would track the price of Ethereum has also been given the green light.

The bearish scenario of Ethereum has only incentivized the whales to hold more of the cryptocurrency. Santiment’s data reveals that the top ten largest Ethereum wallet owners are now in hold of 20% of Ethereum’s offering. These top ten whales have bought nearly 2% of Ethereum’s supply during the market dip and the accumulation has been going on since 2017.

Coinbase Wallet has added support for the famous scaling solution of Ethereum – Polygon. With the help of Polygon, Ethereum can be transformed into a multi-chain network or “the internet of blockchain”. Hence, increasing support for Polygon translates into good things for Ethereum.

July 14, 2021
Is Ethereum Classic (ETC) Coin a Good Investment?
Ethereum Classic exploded in the bull run of 2021 and managed to garner a huge following. The cryptocurrency trades with the ticker ETC.

The performance of Ethereum Classic had been phenomenal, but the question remains: is ETC’s growth sustainable in the long run?

We take you on a ride in ETC’s ecosystem to help you better understand what cryptocurrency is.

The secret of success as an investor is understanding the underlying technology behind a security or asset.

After our run-down, you will be better equipped to make an informed decision on your standing with ETC, as we attempt to answer the question: is ETC a good investment?

What is Ethereum Classic?

Essentially, Ethereum Classic is a hard fork of Ethereum – the queen of the market.

A hard fork means the cryptocurrency has replicated the code of Ethereum and works in a similar way with a few minute – or major – changes.

ETC is an open source decentralized blockchain that has the capacity to run smart contracts – like Ethereum. Smart contracts are self-executing programs that run on codes.

The decentralization of the cryptocurrency means the smart contracts run without any intermediary which solves the woes of centralization – more power with one part and the likes.
- ETC Price
  
  As of today, the price of ETC stands at $18.32 USD. The price of Ethereum Classic is subject to fluctuations due to various factors influencing the cryptocurrency market.
  
  Supply and demand dynamics, market sentiment, technological advancements, regulatory developments, and macroeconomic trends all play a role in determining the intrinsic value of ETC.
  
  Investors and traders closely monitor the price movements of Ethereum Classic, conducting technical and fundamental analysis to make informed decisions about the question is ETC a good investment.
- How Is ETC Mined?
  
  Alright, let’s talk about how ETC is mined! So, just like its cousin Ethereum was in the past, Ethereum Classic is mined using a process called proof-of-work.
  
  But before you jump into mining, there are some things to think about.
  
  First up, the costs can be a big deal. You’ll need some serious hardware, and that can be pricey.
  
  GPUs are a popular choice and can be a bit friendlier on your wallet, but ASICs can really break the bank.
  
  And remember the electricity bill, as mining can make it shoot up like a rocket.
  
  Furthermore, don’t forget about the competition. As more people join the mining community, it gets tougher to mine a block and score those sweet ETC rewards.
  
  So, it’s an exponential curve you must go through.
  
  Now with ETC, you have a choice to make: mine solo or join a mining pool. Pools can be more reliable, but you’ll share the rewards with others.
  
  Going solo means you get it all, but it’s riskier and can take longer.
  
  Remember, mining can be exciting, but it’s not a guaranteed goldmine.
  
  So, ask yourself, “Is ETC a good investment?” and weigh the pros and cons before you pick up that pickaxe.
How Does Ethereum Classic Work?

Just like Bitcoin, ETC uses something called Proof of Work to keep things secure.

Miners, the tech-savvy heroes, process transactions and create blocks by solving tricky puzzles. This way, they secure the network from any sneaky intruders.

But here’s the cool part – ETC also lets users run smart contracts. These are like digital agreements with “if-then” statements, all written in code.

No need for lawyers in the mix. It’s all automated and self-contained.

Now, some key points for the investors out there – ETC is sticking to its guns with Proof of Work mining and won’t adopt updates from the forked Ethereum.

Plus, they’ve got a fixed money policy, which means no beta risk due to inflation-related volatility.

So, back to the big question: is ETC a good investment? We continue to dig deeper into this question.

Key Events and Management

To explore the question, “Is ETC a good investment?” we need to dig a little deeper and find out more about the key events shaping the ETC coin history, as well as its management.

Back in 2015, the Ethereum Foundation, led by Vitalik Buterin and the core Ethereum team, released the Ethereum Classic mainnet.

Their main goal was to implement smart contracts on the blockchain, which is a pretty grand vision.

But then, in 2016, things got a bit rocky. A dApp called the DAO got hacked, and a whopping $50 million was stolen from users, which led to heated debates about how to respond and whether the chain should fork.

Eventually, on the 15th of July 2016, a contentious on-chain vote took place, and Ethereum Classic decided to go its own way by forking from the main Ethereum network.

This proved to be a significant milestone in the ETC coin history.

One interesting feature was the “Difficulty Bomb,” designed to shift Ethereum Classic’s consensus mechanism from Proof of Work to Proof of Stake in the future.

However, the ETC team made sure to permanently defuse this bomb at a later stage to keep things running smoothly.

History Of the Cryptocurrency

Ethereum Classic was created as a result of a major hack on Ethereum’s network back in 2016.

A hacker was able to cash in on a loophole in a third-party project of Ethereum and managed to drain $50 million worth of ether from the network.

The hack opened the floodgates for criticism of the novel technology and played a role in hindering the acceptance of blockchain technology.

This changed the path of the ETC coin history forever.

The development had to improvise and the code of Ethereum was altered. This led to clashes between the developers and a hard fork was performed.

The newer improvised version of the network remained as Ethereum while the version which stuck to the original code renamed itself as Ethereum Classic.

And; hence, Ethereum Classic was born.

The original founders of the network are Ethereum – Vitalik Buterin and Gavin Wood.

But as the network split from Ethereum in order to “preserve the integrity” of the network.

Ever since then, Ethereum Classic does not have an official team designated and considers itself a “global development community [which] is a permissionless do-cracy”.

Ethereum Classic vs. Ethereum

Now that you understand the basic difference between Ethereum and Ethereum Classic, how does the standing of both of these networks differ?

Ethereum is the second largest cryptocurrency in the market with a market capitalization of $294 billion.

ETH’s market dominance is at 18% and is regarded as the queen of the market.

On the other hand, Ethereum Classic is ranked at the eighteenth position in the market and has a market capitalization of $10%.

The coin’s market dominance is less than 1%.

Ethereum stands at a price of $2,500 while Ethereum Classic is trading hands at $49 – at the time of writing.

The stark price difference can be attributed to ETH being considered the more legitimate of the two networks.

But the price may not be able to fairly evaluate the performance of the cryptocurrencies.

ETH started off the year with a price of $682 and went toward $4,362 during the peak of the bull run. The cryptocurrency gained by 540%.

While ETC started off from $5.6 and went to $176 – a gain of 3000% in just a couple of months.

So, while analyzing the prices of both cryptocurrencies the stark difference becomes negligible and even favors the lesser-priced crypto.

As ETC is operating at a much lower price level, it has much more potential to grow.

Moreover, Ethereum is moving towards a proof-of-stake mechanism with its new & anticipated upgrade, ETH2.0.

The update will solve major concerns regarding environmental sustainability and scalability. Ethereum Classic also needs an upgrade in order to stay ahead of the game.

Advantages of Ethereum vs. Ethereum Classic

In order to understand ‘Is ETC a good investment?’ it would be wise to compare the advantages of Ethereum Classic compared to its older, and more established cousin, Ethereum.
- Immutability
  
  First off, Ethereum Classic is all about immutability. Once something’s on their blockchain, it’s set in stone – no takebacks.
  
  Ethereum, on the other hand, went through a fork back in 2016 after the DAO hack.
  
  So, if you value the power of “what’s done is done,” ETC has got your back.
- Consensus Mechanism
  
  Next up is their consensus mechanism. Ethereum Classic uses the classic proof-of-work, which keeps things decentralized and super secure.
  
  Meanwhile, Ethereum went for the proof-of-stake route, which has its perks, but not everyone’s convinced it’s as robust.
- Community
  
  Then, there’s the community. ETC boasts a bunch of passionate developers and supporters who are sticking by their side.
  
  That kind of dedication speaks volumes for the project’s potential.
- Price
  
  Lastly, let’s talk price. Ethereum Classic is currently way more wallet-friendly than Ethereum.
  
  So if you’re wondering, “Is ETC a good investment?” – To certain investors, its reduced cost could potentially increase its attractiveness.
Problems Facing Ethereum Classic

While both cryptocurrencies took off, Ethereum Classic lagged.

Ethereum become much more popular and is currently second only to Bitcoin – the king of the crypto market.

However, Ethereum Classic was the target of major criticism and stayed behind.

The hack of $50 million was the major reason behind the backlash that the older version of the network faced.

The crypto space is highly dynamic and new projects have to consistently improvise and change in order to stay up to date in the market.

The ability of ETC to not do that led it to lag. The older code of the network may also prove to be a hinderance in the wide-scale adoption of ETC.

Moreover, due to the lack of improvement, Ethereum Classic also suffers from problems of scalability.

The network has the ability to process only 15 transactions per second – which compared to the industry standard of a centralized network is much less.

Is ETC A Good Investment?

We now jump into the central question we are dealing with: Is ETC a good investment?

Although the cryptocurrency had been the target of distrust and criticism, the recent growth surge has enabled the cryptocurrency to reach back to the top tier cryptocurrencies.

Hence, the future outlook of ETC seems bright.

According to the estimates of Wallet Investor, ETC is expected to stand at a price level of $84 in a year’s time while the five-year projection expects the cryptocurrency at $219, due to strong momentum.

Digital Coin Price predicts Ethereum Classic to be operating at $75 by the end of 2021. It is also expected to reach $171 in five years’ time.

The bullish price projections for ETC are boosted by the explosion of DeFi sector in the current year.

Furthermore, the outlook for the general crypto market has also been bullish due to the bull run at the beginning of the year.

With its DeFi compatibility, ETC can be expected to reach further higher.

How Much Is ETC Worth?

Let’s break down how much Ethereum Classic (ETC) is worth right now.

As of today, the price of ETC stands at $18.67, and it’s been experiencing some fluctuations lately, like a 2.43% dip in the past 24 hours.

Currently ranked #23 on CoinMarketCap, ETC boasts a live market cap of $2,900,184,213.

Take note that there are currently 140,331,000 ETC coins in circulation and the maximum supply is capped at 210,700,000 ETC coins.

Looking at the historical perspective, ETC is currently 88.25% below its all-time high of $176.16.

However, in the past week, it did see a modest 1.87% increase in price, even though it slipped by 2.13% in the last 24 hours.

Now, we can’t solely rely on market cap figures since they might not always reflect the actual situation due to lost coins and other factors.

But considering these stats, you can assess is ETC a good investment for you.

Ethereum Classic Technical Analysis

Currently, Ethereum Classic (ETC) is trading at $34.40. In the past 24 hours, it reached a high of $35.90 and a low of $33.50.

With a market capitalization of $4.4 billion and a trading volume of $1.2 billion, ETC is showing some interesting signs.

Now, the technical indicators are looking pretty bullish for Ethereum Classic.

The MACD is crossing bullish, the RSI is in the overbought zone, and the moving averages are all pointing upwards. These are encouraging signs for potential investors.

Right now, ETC is consolidating above the $33.50 support level, and there’s a chance it might surge upwards.

The next big resistance level is at $35.90, and if ETC manages to break through that, it could target the $40 to $45 range. This is a factor that investors should closely monitor.

However, let’s be cautious; if the price fails to break above $35.90, we might see a pullback to the $33.50 support level.

So, all things considered, the analysis indicates that ETC has potential for growth, but there’s still some risk involved.

As always, do your due diligence and consider your own investment strategy when deciding is ETC a good investment.

Miners Move to Ethereum Classic After the Merge

Alright, so after the much-hyped Merge in Ethereum, some miners are finding themselves out of jobs. But guess what?

They’re not throwing in the towel just yet. Instead, they’re flocking to invest in Ethereum Classic to keep their mining dreams alive.

ETC’s hash rate, which measures the computing power used to approve transactions on a blockchain, shot up to a record high right after The Merge was completed.

While Ethereum switched to a new consensus method called proof-of-stake, ETC decided to stick with the classic proof-of-work.

Even though ETC is not as popular as Ethereum today, it’s becoming the go-to place for miners who got abandoned by Ethereum.

Some believe this could undermine some of the environmental benefits The Merge was supposed to bring.

So, here’s the question for investors: Is ETC a good investment? Well, with miners piling in and the potential it offers, it might just be worth considering.

But as always, do your research and weigh the risks.

Ethereum Classic Price Prediction 2023-2032

We now discuss the ETC price prediction from 2023 to 2032. So, according to the forecasts, ETC is expected to see some notable growth over the next decade.

In 2023, it’s predicted to reach around $30.16, which isn’t too shabby.

But things get more interesting as we move forward. By 2026, it could soar up to $100.79, and in 2029, it might hit a whopping $292.49.

Now, that’s quite the jump! And if you’re patient enough to hold on until 2032, there’s potential for it to reach an impressive $857.85.

But, of course, investing in any cryptocurrency comes with risks, and Ethereum Classic is no exception.

It has its unique challenges, especially with the upcoming Ethereum Merge and its decision not to switch to Proof-of-Stake like Ethereum.

So, before making any decisions, it’s essential to consider the potential rewards and risks carefully.

Ultimately, the question remains, “Is ETC a good investment?” This will totally depend on your risk appetite, preferences, and investment philosophy.

Can Ethereum Classic Make You a Millionaire?

For our next area of focus, we talk about the big question: Can you become a millionaire if you invest in Ethereum Classic?

Well, there are no guarantees in the world of investing, but let’s look at the facts we’ve covered.

Ethereum Classic has shown impressive growth in the past, going from less than a dollar to over $50 in just five years! That’s a whopping 5,283.29% rise, and it’s nothing to scoff at.

Sure, it has had its share of setbacks, but it’s always managed to bounce back and reach new highs.

Experts seem to have a positive outlook on ETC, and its dedicated community has stood by it through thick and thin, even after the DAO hack.

Considering all this, it’s not unreasonable to believe that Ethereum Classic could continue its upward trend in the next ten years and make its holders extremely wealthy.

Of course, it’s essential to do your research and make an informed decision, but based on its history and current performance, many would agree that to invest in Ethereum Classic would be the right way to go for the long haul.

Remember, no one can predict the future with absolute certainty, but ETC has potential, and investing in it might just make you a millionaire down the road.

So, is ETC a good investment? Well, it certainly looks promising, but only time will tell for sure.

Will Ethereum Classic Replace / Surpass / Overtake Bitcoin?

When an investor wonders “should I Invest in ETC?”, many of them hold extremely unrealistic assumptions.

While Ethereum Classic has its merits, it’s unlikely to surpass Bitcoin.

Why? Well, Bitcoin is the pioneer, the original cryptocurrency that kickstarted the whole digital currency revolution.

It holds unrivaled recognition, acceptance, and adoption worldwide. Bitcoin is like the gold standard of cryptocurrencies.

On the other hand, ETC is a fork of Ethereum, which itself was created as an improved version of Bitcoin.

While ETC has potential, it’s challenging to dethrone the mighty Bitcoin.

It’s like trying to outrun the one who set the pace. So, while ETC might have its successes, surpassing Bitcoin in dominance remains a tall order.

Always keep this in mind whenever you wonder “should I Invest in ETC?”

Invest in Ethereum Classic (ETC) Instantly

Ready to jump into the world of Ethereum Classic? Great! If you’re wondering, “should you invest in Ethereum Classic,” here’s how you can get started instantly.

First things first, head over to Binance, where you can easily create a free account to begin your crypto journey.

Once you’re all set up, you can choose how to buy Ethereum Classic (ETC) – whether it’s with your credit/debit card, a bank deposit, or through various third-party payment options.

Before you make your move, don’t forget to check the payment details and fees.

Once you’ve completed your purchase, you have the choice to store your ETC in your personal crypto wallet or keep it safe and sound in your Binance account.

Now, should you invest in Ethereum Classic?

The decision is yours, but with the ease of access and low fees on Binance, it’s a tempting opportunity to consider potential future gains in the world of cryptocurrencies.

Conclusion

The hard fork’s recent success has once again brought it under the spotlight. With greater attention, the cryptocurrency’s future outlook is positive.

Ethereum Classic is expected to grow in the coming days and ahead.

However, the concerns with the network are still there.

The unofficial development team needs to re-focus its efforts on increasing the security as well as scalability of the network in order to enable greater growth.

At the end of the day, the question to ask is: “Is ETC a good investment?”

The answer to this must be tailored to your individual risk appetite, preferences, and investment philosophy.

FAQs

How To Buy ETC?

You can buy ETC on platforms like Binance by creating an account, choosing a payment method, and confirming your purchase.

Where To Buy ETC?

Binance offers a convenient option to buy Ethereum Classic with low fees and high security.

Should You Invest in Ethereum Classic?

The decision to invest in Ethereum Classic depends on your risk appetite and research into the coin’s potential.

Is Ethereum Classic a Good Investment?

As with any investment, Ethereum Classic has its merits and risks, so it’s essential to make an informed decision.

Can Ethereum Classic Rise?

Ethereum Classic’s value can experience fluctuations, and it has shown growth potential in the past.

What Will ETC Be Worth In 5 Years?

ETC shows bullish momentum based on long-term indicators, so could see sustained growth over the next 5 years.
July 1, 2021
Maker (MKR) coin price prediction: Towards $4,400?

Maker (MKR) appears to be on the way of reversing its downtrend. The cryptocurrency is showing signs of increased bullish momentum. At the time of writing, MKR crypto stands at a price level of $2,719. The price has moved upward 16% in the past twenty-four hours while the daily trading volume has increased by 40%. Maker coin is bullish despite a largely bearish and indecisive trend in the market.

Maker (MKR) Technical Analysis

The market sentiment for Maker coin is bullish. Out of the total twenty-six technical indicators, ten are giving out a signal of buy while ten stand at a neutral position with only six indications of sell. Both the oscillators and moving averages are bullish.

Maker (MKR) technical analysis

Amidst the market bearishness, Maker coin had broken out of an ascending channel formation to the downside. However, the recent bullish momentum has helped the cryptocurrency reach back inside the channel. MKR coin appears to be operating on a coherent wave count. If the bullish divergence in the market for Maker continues, the price could reach much higher. In a bullish scenario, Maker can be expected to reach towards $4,400. However, if the bulls are not able to hold, then Maker crypto will find strong support at the price level of $1,636.

What is Maker (MKR)?

Maker (MKR) is the governance token of the MakerDAO. The decentralized organization is based on Ethereum’s blockchain and issues the DAI stablecoin which has its value soft-pegged to the US Dollar. MKR holders are given voting rights in the development of the protocol. Maker also helps to keep the value of DAI relatively stable. MakerDAO is considered as one of the earliest projects in decentralized finance where Ethereum can be used as collateral.

July 1, 2021