ETC to $100 soon?

[Abiky]

I've read somewhere that ETC's hashrate increased by a large margin after the much-awaited "Merge" on the ETH blockchain. It seems that most miners are moving to ETC instead of the newly-created ETHW fork. The original chain (ETC) has been around the scene for a couple of years now, but the recent migration of miners might encourage developers to build new dApps and tokens on it. If adoption grows like crazy, we might never see ETC in the "double digits". The market is bearish right now, so ETC is having a hard time getting past $40. But in crypto land, anything's possible.

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

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[Crypt0Gore]

ETC sucks as much as the new ETH PoW coin, why? Because nothing is been built on these projects, you can't just focus on projects that have only proof of work to offer, no smart contract equals nothing, it's a waste of time, this is why Flux, Kadena or even Ergo are better options.

[makishart]

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

ETC was unlike ethereum which have been massively used by people to build their platforms. ETC is not even worthy to be considered as investment. The miners are only using POW coins as a way to get cash. These POW mechanism was a garbage thing when it comes to the coin without limited supply. ETC has no total supply and it will become only a money grabber for the miners. Only people who wanna risking their money try to buy ETC in this case.
The thing that makes ETHPOW dumped so hard is if people didn't even need it caused by it has no utility same as ETC

[icalical]

Yeah I think that's make sense, most miners will migrate from ETH to ETC, but in term of popularity among developers and investors, ETC is not that good of a coin, if a developer wouldn't mind with the Ethereum move to PoS and most of the investors wouldn't mind too since thought that people still use Ethereum smart contract, maybe some investors that think Ethereum PoS will be less decentralized but I guess the amount is not very significant. So, miners only will not give much effect to the ETC price.

[Tony116]

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

ETC was unlike ethereum which have been massively used by people to build their platforms. ETC is not even worthy to be considered as investment. The miners are only using POW coins as a way to get cash. These POW mechanism was a garbage thing when it comes to the coin without limited supply. ETC has no total supply and it will become only a money grabber for the miners. Only people who wanna risking their money try to buy ETC in this case.
The thing that makes ETHPOW dumped so hard is if people didn't even need it caused by it has no utility same as ETC

Previously, ETC didn't get much attention because ETH was simply too perfect and we didn't need ETC anymore. ETH is the biggest hurdle for ETC, but once ETH moves to POS, the chances of ETC are huge.

ETC has a supply of 210 million coins.

It is normal for ETHW to be dumped after the fork event, because it makes no sense for the holders, they just want to get it for free and will sell it later for a profit. ETHW is really garbage as we have had ETC before and now when it comes to POW, ETC alone is more than enough without anyone else.

[tokeweed]

I've read somewhere that ETC's hashrate increased by a large margin after the much-awaited "Merge" on the ETH blockchain. It seems that most miners are moving to ETC instead of the newly-created ETHW fork. The original chain (ETC) has been around the scene for a couple of years now, but the recent migration of miners might encourage developers to build new dApps and tokens on it. If adoption grows like crazy, we might never see ETC in the "double digits". The market is bearish right now, so ETC is having a hard time getting past $40. But in crypto land, anything's possible.

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

I'm pretty sure ETC will trend up to 100 during a bull market which is prolly a couple of years from now.  But here's the thing, ETHW can trend up during a bull market too.    These things don't make sense when there's lots of money coming in.  They all just go up.  The thing to look for is which coins go up the fastest to give you more +EV trades against BTC or ETH.  

That's why...  Before taking on a trade, chart it vs BTC or ETH first.  

[piebeyb]

not sure also ETC hit a high price when the ETH miners moved there, because there isn't anything interesting from ETC yet, unlike ETH which has smart contracts and others, so not only because POW makes the value of ETC also increase because many miners from ETH start mining there because it does not guarantee the value of the ETC price will increase

[SirLancelot]

I think that's make sense, most miners will migrate from ETH to ETC, but in term of popularity among developers and investors, ETC is not that good of a coin

You better read the post above you or the post made by @makishart. And so what if miners migrate to it? What they do is only mining but I think the one that contributes the most in the price of the coin is the buyers. Those who buys this coin are blinding investing because the coin is said to have no utility other than I think being a mineable coin.

if a developer wouldn't mind with the Ethereum move to PoS and most of the investors wouldn't mind too since thought that people still use Ethereum smart contract, maybe some investors that think Ethereum PoS will be less decentralized but I guess the amount is not very significant.

The developers didn't mind the upgrade because I think they are very confident that this can greatly improve the performance coin and I think most of the people/investors thought of the same thing, so they don't complain about it but the only downside of this is I think it makes Ethereum more centralized, as you also said.

[o48o]

I've read somewhere that ETC's hashrate increased by a large margin after the much-awaited "Merge" on the ETH blockchain. It seems that most miners are moving to ETC instead of the newly-created ETHW fork. The original chain (ETC) has been around the scene for a couple of years now, but the recent migration of miners might encourage developers to build new dApps and tokens on it. If adoption grows like crazy, we might never see ETC in the "double digits". The market is bearish right now, so ETC is having a hard time getting past $40. But in crypto land, anything's possible.

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

Obviously miners move to somewhere, but just because they mine it more now, it doesn't mean it would be more popular as there's no other point to it existing then for miners to target their rigs. All the developers moved to other projects and they got left with this relic of old eth. And those miners just want to make profit and dump it on the markets, not to participate to anything meaningful.

[blockman]

$130+ was its ATH.
The move of miners can really make the price of it back there again to $100 and that's why it'll only take time until it happens. The market's situation won't look at it as it's possible. But with the current price, it's got, only 3x of increase and that's going to be there once again.
I guess that the main use of it these days is to be just chosen as the alternative coin to be mined and get some profits from it. But, I don't think it's profitable as of the moment for the miners.

[sheenshane]

It might be good if there's a specific time for this, not "soon".

With the continuous improvement and developments of ETC right now, there's no doubt that it will reach that high amount but might not go up high to more than $100 this year if many investors will believe in ETC.  It could be below $100 this year and it will keep growing by next year.

IMO, ETC is a good and potential investment and of course, only invest what you can afford to lose.

I've read this article it seems the prediction was very closely related.
https://thenewscrypto.com/ethereum-classic-etc-price-prediction

[samcrypto]

If there’s a new progress and development with ETH, most probably it will rise as well but not until we reach the bull market. ETC hype alone can’t pump the price that much and $100 target is quiet not that high considering it’s previous peak. The move for ETC might be in relation on the update of ETH, let’s see if this token is still worth it or better to own ETH at all instead of buying a fork token.

[ethereumhunter]

But I still feel that ETC can still be increased in price but it's waiting for the right moment like the altcoin season. So as long as the altcoin season hasn't come back, it looks like ETC still hasn't been able to increase high or just reach above $40.

I've also heard that some ETH miners are switching to ETC mining under the pretext that they can make more profit by mining ETC. We don't know if this will have any impact on the ETC price, we'd better wait and be patient.

But reaching up to $100 is possible for ETC and maybe we will see it soon.

[tbct_mt2]

It won't happen soon because the hype on Ethereum is cooling down already. Ethereum Classic usually follows Ethereum in price movement. At least ETC already rose 100% from recent bottom and I think it is enough for ETC at the moment.

The next rise should be after Bitcoin starts another upward run even just a upward run within bear market.

[bocyaj]

The Ethereum impact will surely make some changes in the ETC price also.Ethereum classic was a good altcoin as compared to many of potential less altcoin.So it’s better to inverse in the good altcoin when the market was down.It was sure ETC will be in the list of most of the investors for sure.And try to investigate,before investing in the new altcoin for the long term investments.

[GreatArkansas]

(....)
If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

This is possible but expects the whole market will pump too not only Ethereum Classic. Before we will see this ETC will go with 3 digits, I am expecting that Bitcoin and Ethereum are on their new all-time high.
Or the worst part is the Ethereum POS will fail which got a very low chance to happen.

[Almasani]

Yes. Maybe ETC is also one of the recommendations from Ethereum developers for mining at this time after the Ethereum merger. There is a possibility that the price of ETC will head to the moon in the near future. However, this process can also work if the market is bullish. ETHPoW is a hard fork of the Ethereum merger, the price is currently on the rise, but I'm not so sure it will hold up well.

[bounceback]

Image source: https://www.geckoterminal.com/ethwars

Looking at the table above where ETC coin is in second place, we can conclude that currently ETC coin is more in demand than ETHW and in my personal opinion, the merger that has been carried out by ETH recently indirectly benefits ETC coin because it makes miners migrate into it and if more miners come, of course it will also increase adoption so I'm very optimistic the price of ETC coin can reach $100.

[BitDane]

If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you.

If we are talking about ETC boom, I think $100 is too small for that.   We all know that when a cryptocurrency boom, the price multiplies depending on how cheap the coins is.  So ETC currently @ $29.x  may grow more than 10x if adoption, hype and boom happens since $29.x is still cheap and potential for 10x growth.

[DudeAtWork420]

Not only ETC miners also shift most of their mining power to Ravencoin, ERG, Dogecoin. Right now it is hard to predict this merge will become a blessed one for ETH or something bad is coming. The way i think about eth right now is POS makes it more centralized. Now node owner will increase the price to prevent more people from joining the network. Also the hardfork token of ETH also lose its interest so people do not have any option here either.