its price will continue to rise as long as ethereum is in pow algo. as soon as the ethereum goes to pos, the ethereum classic will receive a big hashrate in its network compared to before, its price will later either remain at the same levels or it will fall as they would sell it for profit. now if miners behave like ethereum by keeping it in their wallets, that would be a positive development.
Can you please elaborate who a spike in the hash rate of a coin directly affects its market price? The notion that when miner sell their coins leads to a price drop does not make sense.
1. Do miners hold a huge supply of coins to crash the coin's market?
2. Miners sell coins whenever they feel like, why is it having Bitcoin on Ethereum have been attaining new all-time highs every couple of years despite new all time highs in hastrates too?