The future of Ethereum’s younger brother, Ethereum Classic

Ethereum’s younger brother, Ethereum Classic, has been a bit neglected for the last 4 months as most people have focused on Ethereum. Also, for a while, there wasn’t much reason to look for an alternative to Ethereum.. As a result of this, the price of Ethereum Classic has been on a steady decline, falling as low as 0.002 BTC.. It is true that ETC has appreciated 20 times against the Dollar, but honestly which crypto currency has not appreciated against fiat currencies?

At first glance, the situation for ETC does not look very promising. However, doing some in-depth fundamental analysis can lead us to the opposite conclusion.. First of all, let’s take a look at Ethereum, which is starting to struggle with the increasing number of transactions.. This increase in processing load on the network came with the CryptoKitties game running on Ethereum.

The following important statements were included in a new article published on the BBC:

“According to ETH Gas Station’s data, CryptoKitties game accounts for more than 10% of network traffic on Ethereum. Transaction costs increase as traffic increases. The main big problem in Ethereum is other big players looking for alternatives to Ethereum and turning to different systems.”

Alternative: Ethereum Classic

Similar to CryptoKitties still under development There are many similar games with. For this reason, it is inevitable for some users to look for reasonable alternatives.. So what would the alternative be? As you guessed, Ethereum Classic is the first candidate, which has almost the same functionality as Ethereum.. When businesses and users start leaving Ethereum for Ethereum Classic, some of their money will go with them.. And now that ETC can only reach 3% of ETH value, even if only 10% of funds are transferred, this will be a big boost for ETC.

As always, any estimation is hard to come by.. But it seems likely that Ethereum Classic will benefit significantly from its big brother’s problems.

The Merkle