Ethereum Classic Showing Signs of Life
For the first time since the middle of July, ETC has closed definitively above the 50 day moving average, it did even pop above the 100 day momentarily on large volume, but for the past week it has held the 50 day moving average. Traders stay long against 200k Satoshi, with a target price of 300k Satoshi by year end.
For Hodlers, I would stay in ETC as the ETC classic trust with Greyscale is accepting contributions from accredited investors as we speak and will be rolled out as a publicly traded vehicle in 2018. Also, until Ethereum can prove that they are ready scale and to make the transition from PoW into PoS, Ethereum Classic remains the best hedge against any uncertainty surrounding ETH.
For Hodlers, I would stay in ETC as the ETC classic trust with Greyscale is accepting contributions from accredited investors as we speak and will be rolled out as a publicly traded vehicle in 2018. Also, until Ethereum can prove that they are ready scale and to make the transition from PoW into PoS, Ethereum Classic remains the best hedge against any uncertainty surrounding ETH.