Ethereum Classic - Where will it go?

in #ethereum6 years ago (edited)

Ethereum classic was not a coin I ever took seriously, especially seeing as it is currently under $20 in value (though it's highest price was $42.75 as of January 2018), unlike the Grandfather of Cryptocurrency; Bitcoin.
However Coinbase, one of the worlds largest Cryptocurrency brokers has recently added it to the platform, next I predict they will add Ripple (XRP) or Monero (XMR) to their currencies, but back to my point.

Technically Ethereum in itself, or Ether as it is also known is not really a Cryptocurrency, but a computing platform. This is especially the case with Ethereum Classic, probably one of the reasons Ether mining has become increasingly popular over the past decade and more so over the last few years.

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I can only speculate and analyse where Ethereum Classic will go from here, I believe it will act similarly to Bitcoin Cash when it first came out, being the daughter to Bitcoin, Bitcoin Cash slowly increased, just like how Ethereum Classic (ETC) is now. ETC currently has a market cap of over $1.2B, a volume of nearly $200M and a circulating supply of over 100M. Due to the circulation of the coin, it has the potential to go up in value significantly especially if it becomes more popular in the cryptocurrency trading community.

What do you think of Ethereum Classic? Do you think it increase in value significantly?

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin6530.654$0.9%-6.18%
ETCEthereum Classic12.032$4.4%-5.93%
ETHEthereum231.321$2.15%-18.07%
XMRMonero118.909$3.6%14.44%
XRPXRP0.304$6.4%-9.0%