Ethereum Classic
$8.72 0.95%
ETC · 38w

Ethereum Classic (ETC) Is The Next Bitcoin (BTC)

Chart for ETCUSDShorts (1W)

Ethereum Classic (ETC) is a lot like Bitcoin (BTC) was back in 2012. Majority sentiment was against Bitcoin (BTC) and very few people actually believed that it might have a real shot at the level of adoption that it has achieved today. However, towards the end of 2012 we saw a major shift in sentiment as more people began to realize the importance of having a decentralized, independent and deflationary digital currency that might eventually replace centralized, inflationary and dependent fiat currencies. The concept is what got people on board but the greed to profit off upcoming rallies and price boosts is what kept most people in the game. Regardless of their motives, these investors have helped Bitcoin (BTC) reach the extent of adoption and acceptance that we see today. As far as unanimously accepted and recognized money is concerned, Bitcoin (BTC) is a clear winner. Sure, there are cryptocurrencies like Bitcoin Cash (BCH) and Litecoin (LTC) but they are going to fade away as the gold rush ends. Otherwise, we will keep on seeing more forks which will create the same double spending problem that Bitcoin (BTC) was supposed to resolve. We have seen that many investors today realize this issue as debates over value proposition of Litecoin (LTC) and Bitcoin Cash (BCH) are on the rise.

Ethereum Classic (ETC), which runs on the original Ethereum blockchain, shares the same principles of immutability, decentralization and deflationary economy as Bitcoin (BTC). However, just like Bitcoin (BTC) in early 2012, until recently, Ethereum Classic (ETC) was considered a scam by many in the crypto community. There was no reason for anyone to believe that a practically dead project like Ethereum Classic (ETC) would eventually rise from the ashes and threaten the dominance of Ethereum (ETH) and similar platforms. Recently, morals and principles have attracted a lot of people to Ethereum Classic (ETC) same as Bitcoin (BTC) did back in th...

Continue on
Recent news