Etherium Classic, ETC has become today a dark horse that looms among the barely living bulls.
Under the slogans "code is the law" and "blockchain must remain unchanged", Etherium Classic appeared, denying the fork of the Etherium network.
It all started with the fact that they hacked an Autonomous investment Fund based on the Etherium network, from which they withdrew ETH in the amount of $ 50 million. After that, the backbone of the Ethereum developers decided that they were not ready to accept the fact of theft and returned back all the unwanted transactions.
There were also those who believed that interference in the history of the code is contrary to the ideology of the blockchain. They joined the group and created Ethereum Classic, which kept the original Ethereum network without hard fork and direct outside interference.
Unlike forked Ethereum , Ethereum platform Classic not announced any major project. The creators of Classic copy all tested Etherium solutions to avoid errors.
At the same time Etherium acts in all this history as "cannon fodder", and Etherium Classic as the cunning kitten ready to be on friendly terms with a hamster.
In General, with the growth of the market, coins of this kind are amenable to the General trend, and in the presence of a fundamental reason, they actively sway in the direction of the nature of the news.
From the official release, the following events are still to come in 2018:
August 20, 2018. Listing on the exchange Bittrex ETC/USD.
September 12th. The second annual Summit.
November 30th. "Fully compatible with the Internet of things.”
December 31st. Improving EVM.
In General, Road Map is difficult to understand. What do they mean by “Internet of things compatibility”?
White paper in the project is missing.
The speed of code update is very small, which means that there are better alternatives among the coins.
In the shell chat ETC all 5200 participants. At Bitshares with the same number of participants place in the market capitalization is much lower. In addition, telegram chat ETC gathered 8.8 thousand participants, while EOS, which also shares a place in the top ten capitalization, has more than 50,000 participants.
It follows that there is a lot of money in the coin, which is a positive signal from the point of view of the stability of the coin.
The number of transactions in the ETC network is 12 times less than in ETH, with capitalization less than 20 times. Accordingly, ETC can be considered a relatively undervalued coin.
Given the upcoming event, in THE form of etc/USD listing, there are good reasons to include this coin in your speculative portfolio.
Technically, the coin bounced from the level of 78.6 % correction to the growth of Fibonacci, pushing at the same time from 1/4 fan Gunn .
In addition, demonstrating the lows of the beginning year, the coin ahead of the other altcoins pace, went into a rebound.
In case of positive signals from the market, the coin has good reason to grow with targets of 17.500 and 22.500. At the same time, in the case of a General decline in the market, the reduction targets may be 10.200 and 6.400.
We propose to include this coin in the speculative portfolio. The entry level is 12.960. Long position with designated targets.
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