In the cryptocurrency industry, hard forks are seen as rivals to their origin cryptocurrency. The same is true about Ethereum and Ethereum Classic. With the amount of criticism the Ethereum Classic platform has received since inception, it’s easy to wonder if it is a worthy contender against Ethereum. It’s true that the coin offered some solutions for Ethereum but many investors still refused to acknowledge these benefit because they see the network as a symbol of the betrayal that took place within the Ethereum developer community.
Does Ethereum Classic Have The Potential To Reach $40?
While many investors still want nothing to do with Ethereum Classic, many more are starting to see that Ethereum Classic has the potential do be the one true Ethereum. Is this possible? Or will Ethereum Classic keep trading in red until there is no value left. However, during the December/January bull run, Ethereum Classic sold as high as $45.51 which was its all time high. From this point, ETC has fallen to as low as $11 but even if it has lost a lot in value, it isn’t out of the game. Ethereum Classic is among the best performing coins in the bearish market. As low as it has fallen, it, it still has a good prospect in the market.
SEE ALSO: Cardano (ADA) Joins The Trend Of Cryptocurrencies That Are Getting A Boost This Weekend
Ethereum Classic (ETC) Price Today – ETC / USD
Over time, there has been a lot of awareness surrounding Ethereum Classic and its native coin. Just like the original Ethereum, Ethereum Classic gives users a decentralized platform that allows them to build Dapps. It is even more decentralized than Ethereum. The proof of consensus algorithm that is currently on the way for Ethereum Classic is going to ensure that miners and developers enjoy a project friendly environment. When the project is complete, the value of Ethereum Classic will rise and so would its adoption.
Ethereum Classic Price Now
At the time of writing, Ethereum Classic was trading at $10.65. This indicates a 5.42% fall against the USD and 1.57% fall against Bitcoin. The next few trading session will determine if the price action will change.