ETC price breaks through $20, market value exceeds Latiao

Ethereum classic (ETC) has begun to make a strong name for itself. As of press time, the market value of this decentralized smart contract platform has exceeded 18亿美元, even surpassing Latiao.

In fact, yesterday ETC rose as much as 55%, with the highest price reaching nearly $22. ETC's latest rise is indeed amazing and has attracted a lot of attention. JuicyG from Coinchat.Club revealed some of these wonderful "chemical reactions".

He said:

I have been bullish on ETC for the past few months and I think it will outperform most cryptocurrencies.

He added:

I think the ETC market has not really started yet. When Barry and his friends start promoting ETC on Bloomberg and CNBC, the ETC price will rise even more.

JuicyG believes that ETC will become the second most well-known cryptocurrency after Bitcoin, and a large amount of investment will drive its unprecedented development.

All big players will start buying ETC.

Indeed, every network needs to rely on the increase in the number of its users to achieve development, but JuicyG did not directly explain what impact this will have on the rapid development of ETC.

Strong technical background

The author of the Dash Force proposal is also optimistic about the technical team of ETH’s little brother. In fact, he believes that this team is composed of the best developers currently available. He said:

ETC developers are not amateurs.

He believes that this factor is also the reason that pushes ETC, a smart contract platform, to new heights.

Consensus Factor

Barry Silbert is one of the organizers of the Consensus 2017 conference, which is attended by many of the most influential people in the cryptocurrency industry and business field.

JuicyG said that considering Silbert owns a large amount of ETC, he will definitely promote ETC at the conference.

Of course, he has every reason to prioritize ETC.

He further explained that this is why Silbert launched the ETC fund after the Bitcoin investment fund.

ETC is undervalued

More notably, in JuicyG’s opinion, given the current massive capital inflow, the true price of ETC is underestimated. He said that ETC’s current market value is just the tip of the iceberg compared to its true value.

Judging from the current market value of ETC, it may be less than 10% of the market value of ETH. However, given the current large amount of capital inflow and increasing popularity, I think the price of ETC is underestimated.

We will see a large number of projects moving from ETH to ETC, which is already happening.