Ethereum has been outperforming the last two weeks and currently, its price is almost 3500 U.S. dollars whereas one year back it was at approx 200 U.S. dollars. certainly, it has shown great growth in its price in last one year I price was almost 1500 U.S. dollar whereas it has gone more than simply ask it's an all-time high in 2017.
For the last couple of days, we can see a good price movement in Italian classic and now it's trading at the price of more than$100 I'm making this post it's at $125. clear I used to think that plastic is the 4th of Ethereum but I was wrong because today while searching about this coin I got to know that Italian classic was started in 2015 and after the hike in the blockchain a new point known as Italian was started so ETC is the old one and in ETH is a new coin.
I also come across you the post where people were saying that it is he could be a game changer now and it can follow the trend of what it is as then but, to be honest, I don't see that much potential with ETC because ETH has gone way ahead as compared to this one. it's obvious that we can't predict anything 100% in the crypto market and this pump could be one of the regions because people those who wanted to buy Ethereum are now buying Italian classic with the thought that it could be it Ethereum either or it can follow the same price movement end. I had purchased some Ethereum classic coin long back in 2018 and at that time its price was approximately 15 to $20 and I don't exactly remember at what price I did the buy.
The group that created the Ethereum Classic fork from the Etherum blockchain wanted to retain the original network and wanted to follow the 'code is law' principle. As time went on, the two different Ethereum blockchain, the new one, and the classic diverged from each other a lot, as the new Ethereum saw a lot of development.
It's a very low quantity that I purchased that time and I did not even remember that I have this coin but now since the value has gone up so it has started showing in My Portfolio and now it has come to my attention. I'm still thinking that what should I do now with these coins because I'm not sure whether prices will go up or this is the right time to sell off and grab the profit.
for now, I am holding my coins I'm keeping a close eye on the market to see how it performs in the coming days and it could be a good option for me to get even better returns however there is also a possibility if the price dumps then I will not be able to get that much.
What's your thought about the current price movement of ETC?
Thank you so much.