There is no doubt that Ethereum classic (ETC) is the crypto to watch this year, especially after Coinbase announced that they will be listing it. This announcement pushed the value of Ethereum Classic (ETC) up by a huge margin, making it one of the best performing crypto in the past week.
But that’s not the only good news about this crypto. Yesterday, some more good news came up about Ethereum ETC. Through their twitter account, the Ethereum Classic team announced that they have developed a decentralized exchange that is solely focused on Ethereum Classic (ETC). The tweet read as below
The decentralized exchange is developed by Saturn network and will have 0% fees, and won’t hold any deposits. The radix decentralized exchange will also have two segments. One will be a smart contract that handles the finance part of things, while the other one is an interface that makes things easier for the transacting parties. This exchange is guaranteed to increase transaction volumes into Ethereum Classic (ETC) and drive up its price. Ethereum classic is already up by over 10% since the news came out, even though the exchange has not launched yet. The moment it launches and people start trading in Ethereum Classic through it, the value of this crypto will shoot up by a huge margin.
So how high can Ethereum Classic rise in 2018? Well, going by everything that is going on around Ethereum Classic (ETC) at the moment, there is no doubt that this crypto can test $100 this year. Investors are already anticipating that the moment Ethereum Classic gets listed on Coinbase, its value will shoot up. This is guaranteed to continue creating buying pressure around ETC, as we approach the listing date. This will create a rally around ETC, a rally that could easily see it test $100 and above within the year.
This momentum created by Coinbase will also be enhanced by the fact that Radix decentralized exchange will draw in large volume investors. With the increased security risks around centralized exchanges, more investors are skeptical of them. As such, now that Ethereum Classic (ETC) will shortly be accessible through a decentralized exchange, its volumes will rise significantly, and drive up its price in coming months. A huge push in volumes combined with the hype around Coinbase could see the value of this crypto rise to $100 or more, within the year. Of course, an increase in the value of the overall crypto market will also play a role in pushing up its value too.
The other key factor that is guaranteed to see Ethereum Classic (ETC) blow up in value is its roadmap. The Ethereum Classic 2018 roadmap looks too good, to not add value to this crypto. In coming months, Ethereum Classic will be introducing side chains to help solve the issue of scalability. This is guaranteed to drive up the number of Dapps launching on the Ethereum Classic blockchain. An explosion of Dapps on this blockchain, coupled with increased volumes from Coinbase will surely see this crypto to over $100. The confluence of good news is just too much, for it not to rise that high!
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.