Is etc currency worth holding for a long time? Is etc currency worth holding for a long time?-web3.0-php.cn

Home

web3.0

Is etc currency worth holding for a long time?

DDD

May 09, 2024 pm 04:56 PM

cryptocurrencyEthereumEthereum Classic

The investment value of ETC is limited in the short term, mainly due to low market demand and fierce competition. Long-term holding risks are greater due to weak technical advantages, lack of community motivation, regulatory risks and high price volatility. It is recommended to invest a small amount and not suitable for long-term holding.

Is etc currency worth holding for a long time?

Is ETC worth holding for the long term?

The short-term investment value is limited, and the long-term holding risk is greater.

Detailed explanation:

Limited short-term investment value:

Low market demand: ETC is primarily used on the Ethereum Classic network, which has much lower transaction volume and usage than the Ethereum mainnet.
Intense Competition: ETC faces stiff competition from other newer cryptocurrencies, such as Binance Smart Chain and Polygon, which offer faster transaction speeds and lower fees.

Long-term holding risk is greater:

Weak technical advantages: The Ethereum Classic network has fewer technical advantages , as it does not have many of the upgrades and improvements implemented on the Ethereum mainnet.
Lack of motivation in the community: The ETC community is divided and lacks motivation to promote the development of the network.
Regulatory Risk: The cryptocurrency market is subject to increasing regulatory scrutiny, which may negatively impact the value of ETC.
High Price Volatility: ETC’s price is highly volatile and has experienced significant declines in the past.

Recommendation:

If you are considering investing in ETC, please carefully weigh the above risks and invest a small amount as part of your investment portfolio. The risk of holding ETC for a long time is higher and it is not recommended to consider it as a long-term investment.

The above is the detailed content of Is etc currency worth holding for a long time?. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Coin Metrics Analysis: Is Bitcoin decoupled from the market?May 15, 2025 am 09:45 AM

Key point: Bitcoin’s correlation with stocks and gold has recently dropped to nearly zero, indicating a typical “decoupling” phase that usually occurs during major market events or shocks. Bitcoin’s correlation with interest rates is usually low, but changes in monetary policy have a certain impact on its performance, especially in the 2022-2023 interest rate hike cycle, Bitcoin’s strongest negative correlation with interest rates. Despite being called "digital gold", Bitcoin has historically shown a higher "Beta value", i.e. sensitivity to stock market rises

Initia (INIT Coin) price forecast: 2025-2030May 15, 2025 am 09:42 AM

Initia (INIT) has become one of the innovative blockchain network projects that attract investors and developers. It is a special blockchain platform that connects multiple rollup networks with its first layer of blockchain solutions and flexible (application chain) framework. Based on market parameters, determinants and potential future developments, this article provides a comprehensive forecast of INIT prices from 2025 to 2030. Initia (INIT currency) price forecast: 2025-2030 1. What is Initia (INIT)? The Initia blockchain network will bring L1 and roll

Standard Chartered Bank Analysis: Bitcoin's new high is just around the corner, and it's even more effortless to continue to attack $120,000May 15, 2025 am 09:39 AM

Bitcoin broke through the $100,000 mark on the evening of yesterday (8), marking the first time since February 4 this important integer psychological level. Analysts at Standard Chartered Bank are optimistic that Bitcoin "a new high is just around the corner" and a renewal of $120,000 is "easy". This wave of upsurge is generally attributed to the restart of trade negotiations between the United States and China. US Treasury Secretary Scott Bessent is expected to hold talks with China in Switzerland; US President Donald Trump also made a statement simultaneously, and a trade agreement with the UK and other countries may be finalized this week to further drive market risks.

Brandon, son of the US Secretary of Commerce, joined forces with Tether, SoftBank and Bitfinex to establish 21 Capital! Inject BitcoinMay 15, 2025 am 09:36 AM

The Financial Times reported that 21 Capital, a new venture capital company led by Brandon, son of U.S. Secretary of Commerce Howard Lutnick, is forming a strategic alliance with Tether, SoftBank and Bitfinex to build a listing carrier with Bitcoin as its core asset and a scale of up to $3 billion, challenging the leadership of micro-strategy. Brandon, son of the US Secretary of Commerce, joined forces with Tether, SoftBank and Bitfinex to establish 21 Capital! Injecting Bitcoin to challenge the micro-strategy three giants to invest $3 billion to enter Bitcoin and create a new one

One article to learn about Solana's ecological star BoopDotFun attracted attention after one day of launch! Platform token BOOP once rushed to the $500 million marketMay 15, 2025 am 09:33 AM

The Meme coin craze swept the crypto market, and the Solana ecosystem has recently produced another dazzling star, "BoopDotFun". Launched by well-known NFT collector @dingalingts, it not only attracted widespread attention in just one day of its launch, but its platform token $BOOP once reached a market value of US$500 million. This article will deeply analyze the operating mechanism, user participation strategies of BoopDotFun, and its competitive positioning among many launch platforms. What is BoopDotFun? Meme launch on Solana "Alchemy Field" BoopDotFun is a Meme launch on Solana

Learn about Janover announced the rename of DeFi Development in one article! And buy $11.5 million SOLMay 15, 2025 am 09:30 AM

US real estate fintech company Janover (NASDAQ: JNVR) announced on Tuesday that it will officially rename it "DeFiDevelopment Corp." and increase its purchase of Solana native token SOL worth $11.5 million. According to the official statement, after the increase, the company's SOL holdings reached 251,842 (including pledge rewards), worth approximately US$36.5 million. This move is part of the company's comprehensive promotion of its "cryptocurrency financial strategy" to become the first listed company in the United States to use Solana as its core asset. The company also announced that it will change the stock code to "DFSV" in the future to reflect its new positioning. Although JNVR shares fell 2.5% on Tuesday,

Why BDAG, SOL, XRP and HYPE are the most worth buying cryptocurrencies in 2025!May 15, 2025 am 09:27 AM

As the cryptocurrency market heats up in 2025, investors no longer pursue stability, they are eager for huge returns. The most worth investing in cryptocurrencies in this cycle are those with real innovation, solid institutional support and a huge upward momentum. Among them, four cryptocurrencies are particularly prominent: Solana (SOL), Ripple's XRP, Hyperliquid (HYPE), and BlockDAG (BDAG), which is popular in pre-sales. Not only do these cryptocurrencies become famous, they also have strong fundamentals and a growing user base. Solana is winning

Bitcoin (BTC) supply metric is close to 90%, analysts: Target price of $115,000May 15, 2025 am 09:24 AM

Key points: Bitcoin earnings supply has rebounded to more than 85%, approaching the classic fanatic area. On-chain data shows that new buyers and momentum buyers have accumulated strongly, with little profit settlement. Bitcoin may launch a rebound to $110,000–115,000 with the help of the “maximum buy” area. Bitcoin is heading towards a potential new all-time high of $115,000, with a surge in earnings supply indicating a stronger bullish momentum and creating a classic layout for market craze. Profit supply is close to 87% according to data from on-chain data resource CryptoQuant, as of April 28, about