ETC 2018 price prediction: Will Ethereum Classic reach $40 this year (again)? - Global Coin Report
Connect with us

Blogs

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

Published

on

Ethereum Classic

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.

For the latest cryptocurrency news, join our Telegram!

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

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release