ETC vs ETH: Classic Fails To Hold Value
Something a little different here; with a direct comparison in the value propositions held by Ethereum and Ethereum Classic.
ETHUSD is in a bullish rising channel, since March, and has recently broken it's key resistance:
ETCUSD started March as a bullish rally; however failed to continue through as ETHUSD and has retraced about 40% of it's positive movement:
Since the middle of March, ETC has lost about 40% of it's comparative value to it's big brother. If we zoom out to a longer timeframe, we can see that the ratio has returned to it's lowest point:
It is critical for the ETC supporters to bring in fresh capital to boost their value proposition, otherwise the ratio could drop to all new lows.
#crypto
ETHUSD is in a bullish rising channel, since March, and has recently broken it's key resistance:
ETCUSD started March as a bullish rally; however failed to continue through as ETHUSD and has retraced about 40% of it's positive movement:
Since the middle of March, ETC has lost about 40% of it's comparative value to it's big brother. If we zoom out to a longer timeframe, we can see that the ratio has returned to it's lowest point:
It is critical for the ETC supporters to bring in fresh capital to boost their value proposition, otherwise the ratio could drop to all new lows.
#crypto
