From becoming available in one of the major jewelry shops in Beverly Hills as of the recent case, to finally having its use case being shaped into bringing a project that shouts “I’m serious about this,” Ethereum Classic seems to be doing rather well for the last couple of months.
It all seems to have begun with the announcement that came from Coinbase officials several months back, stating that Ethereum Classic is being listed on this major exchange that now counts around 20 million registered users from around the globe.
Further, from that point, Coinbase appeared to have provided a major boost for Ethereum Classic, which immediately reflected on the future plans for ETC set forth by the core dev team of the famous Ethereum hard fork.
Now that Ethereum Classic is becoming more than just “another hard fork”, announcing new opportunities for Dapp creators as well as finding use cases within the Internet of Things through machine-to-machine communication, can ETC get closer to the top ten list in the market.
In order to do so, Ethereum Classic should acquire a rock solid pace of growth in the following months, so that it would be able to get closer to the list of top 10 cryptocurrencies in 2019.
Can Ethereum Classic Break the Resistance of 13$ and Keep the Positive Pace of Growth?
Ethereum Classic has gotten pretty serious about the future of ETC since the Coinbase listing announcement which seems to have provided the needed boost for Ethereum Classic team to finally start working on the increased adoption of ETC as well as technology driving Ethereum Classic.
Besides from finding its purpose within the Internet of Things that is currently being dominated by IOTA (MIOTA) and its technology Tangle, Ethereum Classic is also working on attracting more Dapp developers.
The team has taken an initiative to open an office in San Francisco with a special purpose of inviting all interested developers to come to the workshop where specialists will be educating them on how to easily create and deploy decentralized applications on Ethereum Classic blockchain.
While this should attract more developers and provide the needed education, it could also push Ethereum Classic to adoption, which is again very important for its future performance in the market.
At the current moment, on October 22nd after yet another obvious mass dip that came swiftly as it left several days ago, Ethereum Classic is traded at below 10$, however still close at 9.9$.
That means that ETC should be able to break through the resistance of 10$ with the next set of gains, however, if you take a closer look at the price movement on ETC charts, you will notice that Ethereum Classic is more likely to spike up when the resistance of 13$ to 15$ per one ETC is broken.
All new highs after major dips for Ethereum Classic based on its all-time chart are usually achieved once Ethereum Classic gets past the value of 15$, so ETC might have some great chances for a major spike ahead of it at the beginning of 2019.
The record price achieved by ETC back in January stood around 45$, and while it seems like an impossible thing to have Ethereum Classic getting back to its record price by January of 2019 given the fact that the crypto is already -6% down in the course of the last year, Ethereum Classic still has a fair chance for getting closer to the list of top 10 currencies.
Does Ethereum Classic (ETC) Have a “Top Ten Quality” to It?
In order to get closer to the top 10 list of cryptos, currently traded as the 16th largest currency, Ethereum Classic would need to get pass NEO (NEO), Dash (DASH), IOTA (MIOTA), Binance Coin (BNB), and TRON (TRX).
While it can be definitely said that Ethereum Classic has a quality of the top 10 cryptocurrencies, being one of the rare coins listed on Coinbase along with only several coins from the top 5 list, Ethereum Classic is still 520 million dollars in order to get closer to the top 10 and push TRON (TRX) down the list.
Yes, Ethereum Classic has a pretty steep competition, constructed of all “serious players,” however, it wouldn’t be a strange case if this would be the case during this time the next year since Ethereum Classic still has more room to grow.
In the end, the ranking doesn’t only depend on the mere success of Ethereum Classic but also includes factors that observe how its crypto peers are behaving.
So, although ETC probably won’t be able to get to the top 10 in the course of several months, 2019 might bring a significant progress for Ethereum Classic if the team manages to address all the changes they have announced, including Dapp development and the Internet of Things.