Ethereum Classic (ETC) Has Great Potential But It Must Wait Out The Storm

As the cryptocurrency market continues suffering in the bearish storm, everyone is wondering which cryptocurrency will be left standing when the dust finally settles. Some enthusiasts are sure that major players like Bitcoin, Bitcoin Cash, EOS and Ripple will remain standing. Ethereum was one of the big five that everyone thought would keep thriving but the recent price crash makes everyone skeptical about the platform. One other cryptocurrency that has gained popularity over time is Ethereum Classic. Just like Ethereum, the Ethereum Classic platform can be used to create smart contracts among other things. Unlike Ethereum, however, Ethereum Classic offers lower transaction fees on a more scalable environment.

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Will Ethereum Classic survive The Storm?

Ethereum Classic has a lot of potential that many people in the industry still haven’t seen. This is why it was listed on CoinBase. CoinBase has a reputation for listing the best coins and they base their decision on fundamental analysis and development projection. For CoinBase to list Ethereum Classic instead of many other third generation projects, there is hope that it will survive the storm. The point is that Ethereum Classic has a powerful value proposition that makes it a great deal for developers who are interested in creating Dapps.

Ethereum Classic (ETC) Price Today – ETC / USD

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Name Price24H (%)
Bitcoin (BTC)
$6,538.92
0.11%
Ethereum Classic (ETC)
$9.74
0.64%

Developers like Ethereum Classic because of its immutability that makes it a reliable option when changes need to be made without affecting the output of a transaction. For this reason, if contracts that are legally binding are completed on the blockchain immutability will not be an option. Immutability is necessary in many situations. There are many other features of the Ethereum Classic blockchain that make it the ideal choice for developers. Eventually, the adoption will increase. When the dust finally settles, Ethereum Classic will thrive in the cryptocurrency industry.

Ethereum Classic Price Now

At the time of writing, Ethereum Classic was trading at $10.94. This indicates a 2.48% fall against the USD and a 0.65% fall against Bitcoin. The 24 hour trading volume is $176,355,428 while the market is $1,148,756,257. The next few trading sessions will determine if the price action will change or not.


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