Ethereum Classic
$9.84 -1.89%
ETC · 66w

Analysis: Ethereum Classic Traveling Down an Alternate Path in a Bikini

The selloff in most digital currencies raised eyebrows for many, but I noticed that the Ethereum Classic Coin (ETC) was trading in its own world and rallied 14% this week while Bitcoin, Ethereum and Ripple all got smashed giving back between 7% and 25% respectively.

Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now.

This widened the spread between these active digital currencies and any pair trading (Long one DC and Short the other) strategies with ETC as the long anchor leg is killing it.  I think these gaps in the pair trade spreads may be telling us a subtle story about the long-term value of these individual coins and we should be paying attention.

I’m sure there is a reason for this variance, but fundamental explanations for any digital currency is murky at best.  I think many underestimate the advantages of having multiple digital currencies to pick from.  Currently, there are 810 digital currencies to choose from, and not all or liquid, or easy to understand why they exist, which is why I try to focus on pricing and valuation, understanding why one would trade Potcoin (POT) versus Zcash (ZEC) would flummox any rational thinker.

For whatever reasons investors and traders speculate in these 810 digital asset classes is not for me to contemplate.  I only look at prices and volume, and I have been expanding my thinking to pair trading and tracking the changes in spreads between the top 25 DC’s, and the reaction in the Ethereum Classic Coin makes me think I should be long a larger percentage of ETC versus having Ethereum (ETH) dominate my portfolio.  Often assets (stocks, options, currency) give you subtle clues about their pedigree, and ETC looks like supermodel in a bikini to me today.  I love her and I can’t stop thinking about having her.

I have owned Bitcoin (BTC) since 2015, and swapped into Ethereum (ETH) d...

Continue on cryptocoinsnews.com
Recent news
ETC -1.89% · cryptoglobalist.com · Now

ETC Now Available At Neteller & Bitvo Exchange

Ethereum Classic (ETC) has been a lot talked about in recent times. Where there has been criticism on Ethereum (ETH), on the other side ETC’s technology has been compared much better than ETH. Well…
ETC -1.89% · bitcoinprice24.blogspot.com · 4h

Ethereum Classic Price Makes Up Moves

Ethereum Classic Price Makes Up Moves Most of the top cryptocurrencies are still in the red once again. It is unclear what is driving the negative momentum as of right now, even though it will clearly...
10
ETC -1.89% · twitter.com · 22h

ETC is flying high today !

ETC is flying high today! Strong in relative and absolute terms:$ETC #EthereumClassic pic.twitter.com/Y94GNAp3Jc— Donald McIntyre⚡️ (@TokenHash) October 22, 2018