Ethereum Classic (etc.) Understanding: A more detailed review of its market dynamics
Cryptic currencies have received significant attention in recent years, and many new investors and hobbyists jump on the market. Among these cryptocurrencies is the Ethereum Classic (etc.), the original Ethereum block chain for more than two decades. In this article, we studied the dynamics of the ETC market by studying its history, development and current trends.
Short History
In 2014, Ethereum was launched by Bitcoin creator Vitalik Buter. However, the early success of the project was short -term due to disagreements of the network. In May 2016, the developer groups led by James Gilligan and Joseph Lubi, led by Ethereum, a new Blockchain called Ethereum Classic (etc.). The goal of the fork was to maintain the original Ethereum project while allowing flexibility in its development.
Market dynamics
Today, etc. is one of the most visible cryptocurrency on the market and the market value is over $ 100 million. Its native brand, Ether (ETH), has constantly exceeded other large cryptocurrencies, such as Bitcoin and Altcoin, such as Litecoin. The ETH price has changed significantly since its deployment in 2016 and will reach the highest value of all -time $ 4,987 on March 15, 2021.
Dynamics in the ETC market can be influenced by different factors, including:
* Market Feelings
: General Market opinion on cryptocurrencies is critical of determining price, etc. A growing or declining trend in the general cryptocurrency market often reflects the performance of ETC.
* Ethereum Classic (etc.) Update : As Ethereum continues to develop and improve its intelligent contractual system, etc. has been actively developing new features and updates. These updates have helped to increase the network deployment and attract more users.
* Competitive Landscape : The cryptocurrency market is very competitive and many new projects compete for attention. Etc. You have to constantly innovate and distinguish yourself from other cryptocurrency to maintain your position in the market.
Main Statistics
Here are some of the key statistics that provide an idea of ETC's current market dynamics:
* Market value : $ 100 million
* Trading volume : More than $ 10 million per day
* Price range : $ 120 - $ 80
* Volatility 
: 40% daily returns
Trends and forecasts
ETC has recently experienced a recovery, the supervisor of several authors:
Increased, etc. : When more developers and companies turn to ETC with its scalability and safety features, the network deployment rate increases.
Intelligent in contract activities : Developing new smart contracts in Ethereum Classic Blockchain has increased the usability and petition of the network.
Strong developer support : ETC has actively attracted new developers in a variety of means, including scholarships and incentives.
For forecasts, some analysts are rising with the long -term potential of ETC:
Increased mainstream adoption : When more users and companies recognize the benefits of decentralized funding (Defi) and the benefits of unspecified cuddle (NFT), etc., are willing to experience increased demand.
Continuous updates : Continuous development of new features and updates at Ethereum Classic will help maintain its position as a leading cryptocurrency.
conclusion
Ethereum Classic (etc.) has advanced far with its owned community and increasing adoption since its inception. Although there are still significant fluctuations on the market, etc. Strong developer support, improved intelligent contract function and increasing demand for decentralized funding and NFT make it attractive investment.