Ethereum Classic (ETC) Turns 8 but Remains on a Downtrend
Ethereum Classic (ETC) celebrated its 8th birthday today, but it continues to struggle in terms of popularity and market standing. Several factors contribute to its lesser prominence compared to other cryptocurrencies like Ethereum (ETH).
- Lack of development and community support
- Competition from new AI tokens like Raven Coin and Ergo
- Lower active addresses and daily transactions
Insufficient Liquidity Impacting Ethereum Classic Price
The current decline in Ethereum Classic’s price can be attributed to insufficient liquidity. The volume has dropped, and the top liquidity markets for ETC are Binance and OKX.
Ethereum Classic Price Analysis
Technical analysis suggests that Ethereum Classic is facing prevailing selling pressure. The support level is expected to weaken, potentially leading to a price decline. The technical indicators align with a bearish sentiment.
Promising Alternative to ETC
A new player in the crypto landscape, Shibie Coin, brings fresh energy to the market. With a unique mission and charm, Shibie Coin aims to disrupt the status quo and conquer the crypto realm.
SHIBIE Presale
In its initial stage of Presale, Shibie Coin has set a fundraising target of $999,999. Interested investors can buy the coin using ETH, BNB, and other crypto wallets.
Hot Take
Ethereum Classic’s struggles highlight the importance of continuous development and community support in the crypto space. While Shibie Coin offers a promising alternative, investors should exercise caution and conduct thorough research before venturing into new coins.
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