ever since Ethereum announced the Ethereum Merge, Ethereum Classic is really very bullish,
I think the hype for mineable coins will be huge if you see Ethereum classic have performing well in this bear market,
and rumors are indeed Ethereum miners moving to Ethereum classic , because we know that Ethereum will switch to POS
I am mining $ETC and am bullish on it long-term. When you look at coins like DOGE overtaking LTC, the former merge mining upon the latter, it seems those that are right under our noses go up. When you look at the token economy, I think 2-layer solutions like MATIC may provide relief at the margins but it is complex. Ethereum Classic is the second best EVM (Ethereum Virtual Machine) in my opinion. And it may become the first best if the PoS fails
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Remembering the number of Ethereum I had on Coinbase when Tone Vays convinced me it was a scam.
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In any case, there will be more miners moving over to $ETC in time as the DAG grows to 5 MB. That protects against the one negative I had on ETC, 51% attacked
that occured. DOGE took care of their 51% by merge mining with Litecoin. Ethereum devs may have actually helped the original, immutable, chain survive with their upgrades. I may buy if it hits the $7-22 range. Will is 10x?? Ain't that always the question?
I agree that minable coins will be more favorable long-term because with things like Polygon (MATIC), you get warnings that your coins are unregistered. WTF? People know Ethereum Classic. It's a solid performer ... like bass player from Nirvana: steady and reliable. It has long-term value. It's here to stay.
Though ... now, there may not be an ETH merge, again.