$ETC Have Both Great TA and FA, Calm Before the Storm!

2 feb 2021

ETC it's a hard fork of ETH, it has existed since 2016. The main difference between ETC and ETH, ETC main aim is to preserve the Ethereum blockchain as it originally was. So if you are looking for the next altcoin to invest, ETC might be a good option since it just started the jump.

TECHNICAL ANALYSIS

As you can see in chart ETC just starting breaking a long-term triangle, and now pullback for a test. It might impulse wave and the next target is 13.5$ (+80%).

Stop Loss @ 7$ (-7%)

FUNDAMENTAL ANALYSIS

ETC has an issue related to 51% attack, but it's already fixed with the implementation of MESS.

ETH it's moving to PoS (Proof of Stake), it's kind of blemish the concept of financial decentralization which is aim to fix the corrupt financial system. In ETH you agree if a person with 100 ETH gets earning 10 ETH to secure the network, while a person with 10 ETH gets earning $1 ETH.

Don't you think it's kind of a system to make 1% rich to become richer?

A billionaire will earn more a LOT of ETH for do nothing. On another side, the maximum supply of ETH it's unlimited. While in ETC it remains with the concept of PoW (Proof of Work) and limited supply, it's same as BTC.

Despite of issue global warming, well we are talking related financial solution here. Global warming needs another solution, besides mining process is not the only cause of global warming.

15 feb 2021

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