The team behind a crypto is critical to its long-term success. That’s because, no matter how a good a project is, if the team is weak, the execution will be weak, and failure will be an inevitable consequence. It is team strength that gives a project like Cardano its position in the market since it is pretty much still a work in progress. Were the Cardano team weak, it would not be where it is today.
Investors do believe in the team, and with people like Charles Hoskinson behind it helping it hitting milestone after milestone, it has a good chance of success. Another project that has a strong team behind it is Ethereum Classic (ETC).
According to Zach Belford, the co-lead developer for Emerald, Ethereum Classic (ETC) has engineers who are comparable in expertise to those of bitcoin core. According to him, IoT and Dapp’s developers can do their thing without ever having to worry about the state of this blockchain. Take a look at his tweet below with regards to the state of the ETC blockchain developer team.
While one can easily dismiss his statement as biased since he has a vested in Ethereum Classic, a closer look at ETC easily reveals that it is indeed true. Ethereum Classic (ETC) has the IOHK team behind it, with Charles Hoskinson being a central part to its development. Charles Hoskinson is one of the smartest people in crypto space. His skills and expertise have been well recognized since the early days of bitcoin (BTC) and he still stands out to date as one of the most important figures in crypto space.
In essence, the fact that he is actively involved in ETC is definitely a confidence boost for ETC developers looking to create Dapps and IoT applications on the ETC blockchain. This is one of the key factors that will drive up the number of developers creating applications on the ETC blockchain and will add to its intrinsic value in the long-run.
For Ethereum Classic (ETC) investors, a strong ETC core team is another of the many reasons to believe that Ethereum Classic (ETC) has a good future as an investment. That’s because the value of platform blockchains come from the number of applications built on them. In essence, the value of this blockchain stands to rise big time, since it stands to draw in more applications. Ethereum Classic (ETC) already has a number of Dapp’s developers working on it, and many more are coming up. Once more of them develop on it, then its value will rise significantly over time.
Besides, Ethereum Classic (ETC) has a very strong community behind it. This is important because it is through a passionate community that Ethereum Classic (ETC) will increase in awareness, which will, in turn, play a role in pushing up long-term demand. Ethereum Classic (ETC) definitely has a good chance to grow over time. It has a good chance of hitting $50 or more in the next bull run. Its probability of success is quite high.