Ethereum Classic: A Bullish Journey Ahead?
Bitcoin is soaring above $95k, aiming for $100k. Ethereum has also broken out, nearing $2000. This surge has sparked interest in Ethereum Classic (ETC). Let’s explore its potential.
ETC, launched in 2015, reached an all-time high of $167.09 in May 2021. Since then, it has dropped by 89.8%. Currently, it trades at $17.05, with a market cap of $2.58 billion.
ETC is a smart contract network, like Ethereum (ETH), but with key differences. ETH has a centralized governance model, while ETC is more decentralized. ETH switched to proof-of-Stake in 2022, but ETC sticks to Proof-of-Work.
