The bear trend continues and the top altcoins go on to follow that bearish trend. Ethereum Classic (ETH) is just about trading down with –1% in its price. At the time of writing, ETC was trading with $3.85 USD. If the market in coming few hours gets better, Ethereum Classic (ETC) will look to reach up for that $4 USD price mark and ending this month with $4 USD will be a good sign for better 2019 for the digital asset depending upon the market.
The Crypto market mostly depends on Bitcoin (BTC), but in coming years we can see Bitcoin (BTC) dropping its value and if this keeps on going like this, we can see digital assets like XRP (XRP), Ethereum (ETH) and other top assets decoupling from Bitcoin. The decoupling of these assets from Bitcoin will start off a new era and then will like to see how the crypto market goes.
To look at a digital asset the aim main of the users and investors should be the core philosophy before investing in it. So, having a look at Ethereum Classic (ETC) the cryptocurrency is purely decentralized and based on the concept of decentralization. It is an unrestricted blockchain which can be used to run irremediable smart contracts.
As we can see in last week the ETCDEV was shut down due to less supply of income. Many users are thinking that Ethereum Classic (ETC) has gone down economically, well it has been hurt by the bear market but still, ETCDEV team signing off has nothing to do with ETC because Classic is a purely decentralized asset. ETCDEV was a network run by few ETC enthusiasts. Ethereum Classic tweeted regarding this incident:
“Ethereum Classic is not ETCDEV Ethereum Classic is IOHK, ETC Co-op, ETC Labs, ETCDEV, and a litany of volunteers. Keep Calm, and Build On.”
So, moving on Ethereum Classic (ETC) users need to be positive about it. Recently, Coinbase wallet added the support for the Ethereum Classic (ETC). Coinbase wallet is presented by the one of the biggest crypto exchange Coinbase. After this integration, the ERC20 tokens on the ETC blockchain are also supported by the wallet. Looking forward to this news it’s a good sign for Ethereum Classic (ETC) to improve its adoption through the Coinbase wallet.
Keeping the hopes high most of the cryptoanalysts predict that Ethereum Classic has a bright future based on its core philosophy and other features provided by the blockchain. At the moment, Ethereum Classic (ETC) is at the 17th spot in the market rankings. Expecting it to go high, investors need to invest in the Classic coin because they will never have this better chance of investment. The price of ETC is just below $4 which makes it really cheap as compared to its price a few months back. So, investing in Ethereum Classic can give to go benefits in short-term as well as long-term. In case if the price of the coin drops the investors will not have to suffer too much because its low price makes it very much compatible.
At the time of writing, Ethereum Classic (ETC) was trading with a price of $3.85 USD with a market cap of $410 million and had a trading volume of $110 million. In the last 24 hours, the coin was just dropping below –1%, which can be taken as a positive in such a harsh bear market.