I think Ethereum Classic is in a huge falling wedge pattern, and as long as these support lines hold I believe that the price should eventually go up. How much? Here are two scenarios-
If the nuclear altcoin holocaust still won't be over and all of these alts will continue to go even lower, I think the price of ETC is likely to have at least just a 2X (100%) increase of its current bitcoin value as a result of that falling wedge breaking out, and then it will fall to its eventual bottom, that seems like it could possibly be anywhere from half of the current price to a fifth of the current price.
But if the altcoins are close to the beginning of a whole new bubble mega-cycle (like we had in 2017), and if this right here is even close to the lowest bottom of where ETC eventually goes, then when the next big alt season peaks you could probably realistically expect a 5x to 10x increase in your bitcoin value from Ethereum classic, which means that the dollar value of the bitcoin that those coins are worth is also likely to have at least like a 4x-5x increase from where it is now (as bitcoin goes up), which would mean somehow that you could become a rich rich man by buying lots of ETH classics around this time point..
Which one do you think will play out?
Vote now on your phones!
(P.S.- This applies to like half of the altcoins)
If the nuclear altcoin holocaust still won't be over and all of these alts will continue to go even lower, I think the price of ETC is likely to have at least just a 2X (100%) increase of its current bitcoin value as a result of that falling wedge breaking out, and then it will fall to its eventual bottom, that seems like it could possibly be anywhere from half of the current price to a fifth of the current price.
But if the altcoins are close to the beginning of a whole new bubble mega-cycle (like we had in 2017), and if this right here is even close to the lowest bottom of where ETC eventually goes, then when the next big alt season peaks you could probably realistically expect a 5x to 10x increase in your bitcoin value from Ethereum classic, which means that the dollar value of the bitcoin that those coins are worth is also likely to have at least like a 4x-5x increase from where it is now (as bitcoin goes up), which would mean somehow that you could become a rich rich man by buying lots of ETH classics around this time point..
Which one do you think will play out?
Vote now on your phones!
(P.S.- This applies to like half of the altcoins)