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ETC 2018 price prediction: Will Ethereum Classic reach $40 this year (again)?

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Ethereum Classic
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In a market that’s been going steadily down for months, Ethereum Classic’s recent behavior is remarkable. The digital asset had some excellent days recently, at the time every other coin was losing value. 

It reached the eleventh place by market capitalization, leaving Tronix (TRX) and Monero behind and surpassing the 2 billion capitalization barrier. Then, it went down again, and it’s currently seemingly stable at the 13th spot.

However transitory that peak was, it’s made optimists out of Ethereum Classic‘s holders and even some neutral observers. They expect ETC to increase in value significantly before the year’s end (most predictions are for next November). This optimism is not just about that recent fluctuation in price but also because of some recent favorable developments that point to an increase in the token’s demand and value sometime very soon.

Not too long ago, Robinhood, a cryptocurrency trade mobile platform announced the adoption of Ethereum Classic in its platform which is now available in almost twenty states in the USA.

The app allows users to buy the supported cryptocurrencies in their mobile phone using credit cards as means of payment. Because of its portability and friendly user interface, Robinhood has access to many users that would otherwise avoid the crypto markets due to lack of expertise.

Then, there’s the Coinbase Pro listing. It’s happening. Ethereum Classic was scheduled to go live at Coinbase about a couple of days ago already. It is a massive development as it will give the cryptocurrency access to thirteen million new users. That’s a lot of new demand. Also, as ETC joins the Californian platform’s services, it will be the cheapest token available, which is probably going to make it attractive (or, at least, less intimidating) to new holders.

Both events make it so much easier to use fiat currency (USD in this case) to buy Ethereum Classic for so many new users in just a matter of days that the ETC market can only change for good because of the expansion. There is no doubt it’s a new room for growth.

Ethereum Classic at $40 by the end of 2018 looks realistic (but)

The most enthusiastic observers predict a bullish run so strong on ETC that it will reach a value of around 62 USD (which is roughly fourth of the current value). While this is, indeed, possible, it seems a little too optimistic, even in the light of ETC’s recent triumphs.

Other, more neutral observers, predict a more conservative (and more feasible) price of 40 USD (roughly a little over twice of its current value) and they also point out that this increase will bring ETC into the world’s top five by market capitalization. 

And that’s why it seems that they are overenthusiastic. While it’s true that, in the current market, such increment in price will put ETC in the top five, that prediction forgets an elementary fact: if it’s possible for ETC to grow that much that quickly, it can only be possible if the rest of the market is growing as well. 

The top five coins are not going to hold their value down as they wait for ETC to surpass them. That’s the problem with these predictions; they are predicated on the assumption that ETC lives in a void, which it doesn’t. 

But that’s not to say that Ethereum Classic (ETC) won’t perform well for the rest of the year. The Coinbase listing has eluded some of the most significant projects in Crypto such as Ripple, so while increases of 100-300% are a hard buy, there’s no doubt that ETC will probably do better than most other digital assets as the year concludes.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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