The digital currency market is becoming increasingly popular, and ETC will usher in a new surge

Since December , the digital currency market has entered a frenzy , with all major digital currencies soaring and setting new highs. Bitcoin soared from 60,000 yuan to 120,000 yuan in one week, followed by Litecoin and Ethereum. Litecoin soared to a record high of 2,000 yuan, Ethereum doubled to a high of 5,000 yuan, and Ripple also tripled in price in two days, setting a new record.

Litecoin and Ripple, which are the second-tier digital currencies, have seen a surge in price. Will Ethereum Classic (ETC), which is also in the second tier, also explode? Recent signs also show that ETC has also tried to break through the price many times.

In June 2016, Ethereum had a hard fork due to a huge amount of Ethereum stolen from The DAO project. This hard fork was not recognized by the community. Some people insisted that the blockchain was irreversible and could not be changed, and opposed the hard fork. In the end, the Ethereum community split, and ETC and ETH took different development paths. ETC and ETH are not much different in technical framework, but the monetary policies are different, and there is no upper limit on the total amount of ETH. On December 12, ETC began to implement a new monetary policy, with the total amount controlled below 23 million. ETC is also constantly reducing production, which effectively curbs the problem of inflation and ensures its intrinsic value.

ETC is the same as BCH. Both were split due to differences in the community's future development, including computing power, consensus, supporters, and infrastructure. At press time, the price of BCH is about $2,000, while the price of BTC is about $16,000, with only an eight-fold difference. At its peak, the ratio of BCH to BTC reached 1:2. On the other hand, the underlying architecture of ETC and ETH is basically the same, but the prices are far apart. At press time, ETC is about $32, and ETH is about $740, with a price difference of more than 20 times. If we only follow the example of BCH, ETC still has room for appreciation by at least several times.

As the only brother of ETH, ETC's market value is seriously underestimated, and the example of BCH is the best example. In addition to BCH, the brother of Bitcoin, various IFO coins also occupy a large market share of Bitcoin. From this perspective, ETC's price has the potential to grow several times. In addition, ETC is also making continuous efforts in the field of Internet of Things and continuously cultivating and working in the field of Internet of Things. The Internet of Things is a very broad market, and the combination of ETC and the Internet of Things will create a miracle.

From a technical perspective, ETC is currently more secure and reliable. ETC's development team ETCDEV has been working hard to promote the development of ETC with a pragmatic and steady attitude, making ETC more stable, flexible and mature. The maturity and stability of the team and technology ensure the security of the platform system. It lays a good foundation for the increase in the price of the currency. So far, ETC has not had any major security incidents, while ETH has had frequent accidents and system vulnerabilities continue to emerge.

Currently, ETC has also launched several new projects, such as replacing the existing EVM (Ethereum Virtual Machine) with SputnikVM to help it achieve faster speeds and be more compatible with the Internet of Things; Emerald Project can provide a platform for Dapp developers; and there are also some tools that can integrate external services into ETC.

To sum up: The underestimation of ETC’s value is only temporary, and the price explosion will be the best proof.