This is a quick update of my recent observations on and watching of ETC. This is not meant to be a long article that discusses everything in details. It will be another day and another post to dive deep into investigating the real values of ETC. There have been a lot of mixed opinions on ETC in the community, ranging from thinking it will die eventually to hope that it will go to the moon and even replace ETH, given ETH has a lot of negative news recently. The following are a few points I want to share.
Is it possible it will be listed on HuoBi?
After the recent success of ETC, which was listed by major Chinese exchanges(check out this article)
The following image has been circulating in different Chinese WeChat groups on ETC, it is claimed that it was created by an anonymous Android programmer in China, who deciphered some AP source code of HuoBi, which is one of the big 3 Chinese Crypto exchanges. The picture shows there have been recent ETC transaction on HuoBi
On the bottom block, it says that "don't jump to the conclusion that this is a fake news or a hoax, please find a programmer friend to verify that for you become you decide if this is true or not".
Again, I have not verified the truth of this picture, so you should do that on your own. But personally speaking, I think ETC has a very bullish trend now.
There will possibly be more and more ICO projects will consider running on ETC.
Etcwin is the first ICO ran on ETC, rumors in China have been suggesting that there are more and more ICO projects are now deciding if they will run on ETC. In fact, maybe more profitable to do so and I am not going to elaborate on this topic, but it definitely will become a hype in China in the coming months.
Huge buy potential and hype in China
These last few days I have been receiving texts from my Chinese friends asking if I have bought more ETC, and it is going to the moon soon. I know many of these people are very irrational traders, but I did get more ETC during the recent dips.
Ethereum Classic’s monetary policy
ETC will have had some big change on its policy, the following is from Cointelegraph check the original article)
"it is also important to consider the change in Ethereum Classic’s monetary policy which was implemented in March of 2017. Through the execution of a fork, Ethereum Classic altered its monetary policy from an inflationary policy to deflationary, implementing a fixed supply that is similar to that of Bitcoin."
So, in conclusion, ETC would likely be a very good investment for you besides ETH. I would love to write another article about more details about the Chinese perspective on ETC and how it will impact the world when I have more time.
The following image is chart on TradingView by DLavrov. You can check out the chart here
ETC is going to be my next investment as well, I'd like at least 100 lol.