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We’ll get to those predictions in a minute. But first, let’s discuss what’s driving this rally today.
Much of the interest in Ethereum Classic is tied to Ethereum (ETH-USD) itself. A fork of the Ethereum blockchain, Ethereum Classic is often viewed as the “younger brother” of the more established ecosystem juggernaut.
While many have lost focus on Ethereum Classic, for good reason, there are many that are looking at this blockchain once again. That’s primarily because the Ethereum merge now has a semi-hard date of Sept. 19. This merge will turn Ethereum into a proof-of-stake blockchain, effectively making proof-of-work mining on Ethereum obsolete.
Thus, for miners looking for an Ethereum-like blockchain to mine, there’s always Ethereum Classic. Accordingly, along with positive comments made by Ethereum founder Vitalek Buterin on Twitter, as well as a recent AntPool investment of $10 million, investors have a number of catalysts to watch for this project.
Let’s dive into those expert price predictions, shall we?
For context, ETC currently trades at $39.75 per token, at the time of writing.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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