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Cryptoknowmics 2022-05-29 22:30:19

Is Ethereum Classic (ETC) Really Undervalued As Many Say?

Ethereum Classic (ETC) is one of the top Ethereum forks that is trading in different cryptocurrency exchanges presently. ETC is one of the good investments for 2022 for long-term investors. ETC is presently trading at $22.85, with a 24-hour increase in price by 3.16%. ETC attained an all-time high price of $176.16 on May 6th, 2021. When this is considered with the present price, we can infer that ETC is undervalued. Ethereum Classic is ranked in position 28th in the CoinMarketCap ranking. Ethereum Classic as a good long-term investment for 2022 could be undervalued due to the following reasons: ETC had higher returns in the past 14 days than BTC and ETH ETC comparative ranking when compared to Bitcoin forks Ethereum Classic Had Higher Returns in the Past 14 Days Than BTC and ETH In the past 14 days, Ethereum Classic has shown that it is a better investment for 2022 when compared to either Bitcoin (BTC) or Ethereum (ETH). ETC has gained 20.9% in the past 14 days for its long-term holders. In the same duration, Bitcoin has decreased by 0.9% while Ethereum has reduced by 9.8%. This makes ETC a good investment that is undervalued by some investors. ETC Comparative Ranking When Compared to Bitcoin Forks Ethereum Classic is the first Ethereum hard fork. ETC was launched in July 2016. The first Bitcoin hard fork called Bitcoin XT is no longer in existence. Also, Bitcoin Classic which was launched the same year as ETC is also not in e...

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