Why invest in Ethereum Classic (ETC) now?
Ethereum Classic (ETC) has shown an impressive recovery in recent days, surpassing the $30 barrier and reaching a price of $32, an increase of more than 12% in 24 hours. This increase adds to a performance of 67% in the last month, standing out in a generally declining cryptocurrency market.
Key factors to consider ETC as a good investment:
1. Immutable philosophy and decentralization: Ethereum Classic operates under the principle of "code is law", differentiating itself from Ethereum (ETH) after the fork in 2016. This makes it attractive for those seeking a blockchain resistant to arbitrary modifications.
2. Use in decentralized applications: ETC allows the creation of smart contracts and decentralized applications (DApps), being compatible with ERC-20 tokens.
3. Recent bullish momentum: With a trading volume of over one billion dollars in 24 hours and a market capitalization of $4.6 billion, ETC is gaining renewed interest in the market.
4. Technical outlook: ETC is in a moment of accumulation, with the potential to break key resistances. Some analysts suggest it could reach levels of $35 or more in the short term if the momentum is maintained.
Projections for December 2024, given the current recovery and supply and demand dynamics, ETC has the potential to consolidate around $35-$40. If the cryptocurrency market experiences a year-end rally, the price could even exceed these levels.
Don’t miss this opportunity to achieve good returns by investing your capital in this cryptocurrency:
