Is Ethereum Classic undervalued?

[Harlot]

When it comes to cryptocurrencies in general you can't really say if it is undervalued  or overvalues since you don't have the data to do so. To know of something is under or over valued you must know first the fair market value of it which in the crypto induatry you won't be able to also identify since what we only have is the current present price for it. ETCs are not like security tokens where you can directly connect that token to a company's financial performance you just basically have supply and demand and the best way to you if you want to profit from it is through technical analysis. 

[SlimShadyMmp]

I think most people going for ETC will be either to make quick profit or just some kinda support to the coin The ETC news is rarely known to most cryptor users especially the news one They will prefer ETH than it and am sure you cant blame them for that

[Franco772]

Ethereum Classic is not a very popular coin, in my opinion. Why use Ethereum Classic if there is an ETH. If we take the issue of price, then it all depends on oi manipulation and speculation

[andra73]

Ethereum Classic is not a very popular coin, in my opinion. Why use Ethereum Classic if there is an ETH. If we take the issue of price, then it all depends on oi manipulation and speculation

there is no clear product development for ethereum classic. as you said, it would be better to choose ETH because we can also see the use of the platform and its development.

[durilup]

I do not think etc is undervalued . Even if the actually price is 35x cheaper I think in 2021 Etc will have a big pump . Also miners from eth network should consider etc

[Review Master]

there is no clear product development for ethereum classic. as you said, it would be better to choose ETH because we can also see the use of the platform and its development.

That's right. If the team of ETC make more development and try to add more adoption on it. Than we can see some uptrend on the price as well as on the popularity. All the mainstreams news website will discuss about it more and many users won't tag it as an undervalued coins. This is just my thought about it. It differ from person to person. So we need to research more and more .

[HappyHelen]

Actually Ethereum Classic has been doing pretty well in the past 3 month. According to the overview Ethereum classic has growth 68% in 180days.


https://i.imgur.com/4RBHiEF.png

[Spaffin]

Considering the fact that Ethereum Classic in December 2017 reached $ 48, and today it’s almost $ 6.29, which is almost 7 times less, then I believe that the indicators of Ethereum Classic on the cryptocurrency market are no different from other top-rated cryptocurrencies such as Bitcoin and Ethereum, because ETH is now also more than six times lower in price than at the end of 2017. therefore, I do not think that Ethereum Classic is underestimated, which means it has stable demand in the market.

[Abiky]

Right now there is 116 million ETC, what is 5 million more then ETH. Pretty similar for both but far from Bitcoin that is still under 18 millions. ETC is worth almost a billion, what I think is quite a lot. If a lot people will use their platform then price will increase. If that is not the case price of ETC will stay where it is now.

Agree. Prices will increase according to demand on the market. While ETC has greater total supply than Bitcoin, it's still much scarcer than Ethereum. The fact that the team has "diffused" the "difficulty bomb" and adopted a monetary policy for an Ethereum-based blockchain network, gives ETC an advantage over other forks on the market. The limited supply is what makes it unique relative to the original Ethereum (ETH) these days. My guess is that miners from the ETH chain will quickly flock into the ETC chain once the former goes full PoS. This will give Ethereum Classic a greater degree of security than ETH itself. Of course, the vast majority of people will be using ETH on top of ETC because of mainstream popularity. But, ETC will serve its unique purposes in life just like Bitcoin today.

With a price of average $6 per coin, I think that ETC is quite a bargain these days. I'm hoping it goes all the way to $20 in the not-so-distant future. If Bitcoin goes all the way to the moon soon, I think this will become a reality. Even with a price of $20 per coin, ETC will be quite undervalued because ETH has a higher price and greater inflation. There's no defined max supply for ETH, so it's expected that the cryptocurrency will go lower in price over time. It's odd to find it all the other way around, defying "the laws of economics". In crypto land where strange and bizarre things happen, anything's possible.

Nonetheless, I think this it's the perfect time to accumulate some ETC before the next bull market. Once BTC gets past $20k, things will become interesting for ETC. Those who invested now, might be able to obtain great profits in the future. As always, do your own research before investing in any cryptocurrency based on other's opinion. As long as you do that, you'll be safe in this widely unpredictable world of crypto. For what's left, ETC seems to be going on the right path since its inception back in 2016. It'll be one of those cryptocurrencies that will never die in the long run. Just my thoughts

[Krabby]

ETC is one of the alts that made the wind during the time Bitcoin grew to $ 10k but did not seem to have a voice at the moment. it is possible that the price of ETC has increased due to its halving event and now after a sharp price increase it stops that fomo. It seems to be undervalued right now and this will be a good time to buy and hold for a long time. Hopefully bitcoin halving will help it return to $ 12 soon.

[Cherylstar86]

ETC is one of the alts that made the wind during the time Bitcoin grew to $ 10k but did not seem to have a voice at the moment. it is possible that the price of ETC has increased due to its halving event and now after a sharp price increase it stops that fomo. It seems to be undervalued right now and this will be a good time to buy and hold for a long time. Hopefully bitcoin halving will help it return to $ 12 soon.

When there is a good price spikes of bitcoin all alts will be vulnerable of having huge increase. That will always be a tentative situation to expect because that's still a hard thing to see. We must be patient enough to wait for etc to recover back at higher value, because if you lose hope while you owned etc I guess that's a biggest lost at all.

[Shasha80]

Indeed, the reality is that the ETC is undervalued, even though the performance isn't bad. Perhaps it is often compared to ETH performance,
so ETC is undervalued. I am among those who were surprised when the beginning of 2020 the price of the ETC pump to $ 11. Even though
at the end of 2019 it would still be priced at $ 3- $ 4. Since then I started to be interested in investing in ETC, I ended up buying ETC when
it was priced at $ 5. And now ETC prices are slowly rising, according to my predictions the ETC could go up to $ 20 by the end of this year.
So if anyone intends to invest in ETC can buy at current prices.

[shoreno]

Indeed, the reality is that the ETC is undervalued, even though the performance isn't bad.

thats what undervalued means . good coins but hardly being appreciated  . a coin wont be called undervalued if its performing bad and the more it wont be noticed   .

Perhaps it is often compared to ETH performance,
so ETC is undervalued. I am among those who were surprised when the beginning of 2020 the price of the ETC pump to $ 11. Even though
at the end of 2019 it would still be priced at $ 3- $ 4.

where in fact year today was more toxic and people expect the coins will be dropping when compare to last year where no major crisis are experienced . comparing etc to eth sounds funny to me  . 

Since then I started to be interested in investing in ETC, I ended up buying ETC when
it was priced at $ 5. And now ETC prices are slowly rising, according to my predictions the ETC could go up to $ 20 by the end of this year.
So if anyone intends to invest in ETC can buy at current prices.

good for you because you already gained some and will be expecting to gain more  . this is a good encouragement along with this discusions for those who are going to try etc

[Cnut237]

No, I don't think that ETC is undervalued (relative to ETH).
In the near future, ETH is moving to PoS, whilst ETC will remain PoW. I believe that this is a vital move for ETH and will lead to huge improvements, and that ETC will left behind as ETH price increases significantly. I think the ETH/ETC gap will only grow larger. The only thing that might help ETC is if there is a sudden influx of miners leaving from ETH once it moves to PoS.

[litepool.ru]

Ethereum Classic is not a very popular coin, in my opinion. Why use Ethereum Classic if there is an ETH. If we take the issue of price, then it all depends on oi manipulation and speculation

there is no clear product development for ethereum classic. as you said, it would be better to choose ETH because we can also see the use of the platform and its development.

I also don't follow this altcoin on a regular basis, but I totally agree with you on this idea. They do not have any clear products about their projects, nor do they implement too many marketing policies. That is why they are not popular in this market and the price keeps going down

[best2015]

If you are into crypto for a long term ride then it's good if you can buy ethereum classic right now, it's so undervalued and if Bitcoin rise better in near future ETC will bring better return of investment

However price of ETC is not following btc all the way, I tend to agree - if btc will meet success is much more likely to etc price go higher
And etc at the moment is so cheap that we all can buy it as long term investment - who knows it may out beat eth in several years

[leea-1334]

Considering the fact that Ethereum Classic in December 2017 reached $ 48, and today it’s almost $ 6.29, which is almost 7 times less, then I believe that the indicators of Ethereum Classic on the cryptocurrency market are no different from other top-rated cryptocurrencies such as Bitcoin and Ethereum, because ETH is now also more than six times lower in price than at the end of 2017. therefore, I do not think that Ethereum Classic is underestimated, which means it has stable demand in the market.

Can consider a lot of facts for a lot of altcoins but the real fact remains,,, just because it did it before does not mean it can do it again. To be fair, ETC at 6 now is about 15% of ATH which is NOT bad at all, considering ETH is also about 16 or 17%. Some alts are not even at 10% of ATH so yes,,, ETC can make a comeback and IS undervalued.

[Partisson]

Ethereum classic is still a lot of fans, in February Ethereum classic reached $ 12 more and this is the highest price for a while this year and in my opinion this is the right time to buy Ethereum classic for those of you who like.

[Abiky]

No, I don't think that ETC is undervalued (relative to ETH).
In the near future, ETH is moving to PoS, whilst ETC will remain PoW. I believe that this is a vital move for ETH and will lead to huge improvements, and that ETC will left behind as ETH price increases significantly. I think the ETH/ETC gap will only grow larger. The only thing that might help ETC is if there is a sudden influx of miners leaving from ETH once it moves to PoS.

We'll see. For what I know, PoS is less secure than PoW itself. If ETH goes full-fledged PoS, it may become more susceptible to external attacks. Miners could migrate to the ETC chain if rewards are highly attractive to them. They'll be forced to look for an alternative ETH-based chain, as they'll be left out of the game. Still though, ETH has a large ecosystem of dApps and tokens than ETC itself. I guess that it's all a matter of mainstream adoption than anything else. I've seen many coins with a limited supply, only to have a very cheap price on the market. Cryptocurrencies that are actively supported by developers and people in the mainstream world will thrive in the long run.

Given that the ETC project is still being actively developed and maintained by the community, there's the possibility that it will last for long. I'd expect prices to reach far beyond $20 per coin in the next crypto market bull run. With a very limited supply of only 210 million coins, ETC could become the next smart contract platform that's a resilient store of value resembling Bitcoin in every way. ETH will continue to live for the foreseeable future, but it'll be used more as digital cash or a short term investment than anything else. Just my thoughts

[bakasabo]

Please explain why Ethereum classic appeared. I mean it was a fork of Ethereum, but why it is not widely used and not as popular as Ethereum ? This is another blockchain with smart contracts, but many still prefer Ethereum (based on my experience in bounties and looking through ANN topics).