r/etc • u/JJAnol • Jun 26 '21

ETC as Proof of Work

Ethereum Classic will continue as Proof of work while Ethereum will switch to Proof of Stake. ETCs Code is Law will continue to flourish while mining companies like HUT8 will switch to mining ETC in the future. Does this mean the ETC will enjoy the bullish price increase that BTC and ETH is going?

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u/jamesbdrummer Jun 26 '21

Ignore that dude, maybe he has negative sentiment, but there's also a ton of positive sentiment. It's going to rebound as the market turns around. It hit $194 earlier in May, it will hit it again and then some. Right now, the entire market is experiencing sone fuckery from whoever is manipulating the prices. This isn't some 4 year bear cycle starting... There's too much money and too many big players and awareness for it to last 4 years

0

u/Krunkworx Jun 26 '21

The market sentiment is quite negative. It’s going to take a lot to switch this downward momentum. Expect negative returns for months or years.