Ethereum Classic (ETC)-Silence before the storm? Big picture!
Hi our dear Friends!
So another great but well known project.
Do we have a silence before the storm? We think so.
As marked on the the chart we had storm and silence zones. We may experience another storm with large gains soon.
We are very low at Fibonacci scale
Right now volume is very small but once we get positive info from the market (BTC market and market as a whole) we should encounter gains up to 450% possible earnings.
Here is short description of what ETC is (for those who are new here):
ETC is one of two separate versions of Ethereum's Blockchain, the other being Ethereum itself. The split occurred after The DAO, a decentralized autonomous organization based on Ethereum, got hacked in June 2016, and $50 million worth of its funds were stolen. Because The DAO was crowdfunded, this event has resulted in a large number of people losing their stakes. After several weeks of heated debate, the community has decided to conduct a "hard fork" of Ethereum's Blockchain in order to "code" the stolen money back to its owners. In order to perform the hard fork, the majority of the users had to simultaneously take all the transaction records prior to the point of the hacking, and start anew from there, while discarding all transactions which have happened after that, including the hackers'. That doesn't mean that anything has happened to the previous version of the Blockchain - on the contrary, the hardfork resulted in two versions existing simultaneously: Ethereum, which is the new one, and the old one, which was renamed Ethereum Classic.
ETC is in top 20 in terms of market cap. Backed by very good developers team as well as community. Devs are rated on 81% on coingecko and they have over 200k followers on Twitter (for comparison Eth has 400k)
We are going to have flood of events and good information regarding ETC. Here is the list:
30.04 Beta of Emerald Mobile Wallet & Disable difficulty bomb
30.04 Developer Team to disable difficulty bomb in Apr 2018
31.05 Working prototype of Sidechain & Enable new Opcodes for compatibility with ETH
31.05 ETC is hard forking in May to remove the difficulty bomb.
31.05 Radex will be the first decentralized exchange to be launched on ETC blockchain (BIG THING)
30.06 PoC of new StateDB layer & Emerald Mobile Wallet
31.07 Sidechains support in Emerald Project & Emerald SDK First Release
30.11 Fully IoT-compatible infrastructure of ETC (BIG THING)
They already tested side chains solution with recent airdop of the new coin Callisto. This is great as they solved the problem with the scalability.
Right now ETH is not sure whether they apply PoS or stay with POW. As Bitmain comes on the merket with their ASICS for mining inner alia ETH we may expect to have more centralized network. Vitalik and rest of the owners said it is not a threat and they are not going to fork cryptoslate.com/vita...ash-asics-ethereum/. Community didn't like it so they ma switch to ETC which will affect the price positively!
Some technical analysis details:
MACD postive divergence
Fibonacci levels:
Target 1: 0.0033055
Target 2: 0.0044851
Target 3: 0.0054564
Target 4: 0.0064278
Target 5: 0.0078154
Target 6: 0.0092731
Stop-loss: 0.0013338
Thank you for you comments, private messages and likes. If you gree with our ideas don't forget to follow us. :)
You are very welcome to share your ideas with us. Comment down below.
HUGS!
You WBM Team
So another great but well known project.
Do we have a silence before the storm? We think so.
As marked on the the chart we had storm and silence zones. We may experience another storm with large gains soon.
We are very low at Fibonacci scale
Right now volume is very small but once we get positive info from the market (BTC market and market as a whole) we should encounter gains up to 450% possible earnings.
Here is short description of what ETC is (for those who are new here):
ETC is one of two separate versions of Ethereum's Blockchain, the other being Ethereum itself. The split occurred after The DAO, a decentralized autonomous organization based on Ethereum, got hacked in June 2016, and $50 million worth of its funds were stolen. Because The DAO was crowdfunded, this event has resulted in a large number of people losing their stakes. After several weeks of heated debate, the community has decided to conduct a "hard fork" of Ethereum's Blockchain in order to "code" the stolen money back to its owners. In order to perform the hard fork, the majority of the users had to simultaneously take all the transaction records prior to the point of the hacking, and start anew from there, while discarding all transactions which have happened after that, including the hackers'. That doesn't mean that anything has happened to the previous version of the Blockchain - on the contrary, the hardfork resulted in two versions existing simultaneously: Ethereum, which is the new one, and the old one, which was renamed Ethereum Classic.
ETC is in top 20 in terms of market cap. Backed by very good developers team as well as community. Devs are rated on 81% on coingecko and they have over 200k followers on Twitter (for comparison Eth has 400k)
We are going to have flood of events and good information regarding ETC. Here is the list:
30.04 Beta of Emerald Mobile Wallet & Disable difficulty bomb
30.04 Developer Team to disable difficulty bomb in Apr 2018
31.05 Working prototype of Sidechain & Enable new Opcodes for compatibility with ETH
31.05 ETC is hard forking in May to remove the difficulty bomb.
31.05 Radex will be the first decentralized exchange to be launched on ETC blockchain (BIG THING)
30.06 PoC of new StateDB layer & Emerald Mobile Wallet
31.07 Sidechains support in Emerald Project & Emerald SDK First Release
30.11 Fully IoT-compatible infrastructure of ETC (BIG THING)
They already tested side chains solution with recent airdop of the new coin Callisto. This is great as they solved the problem with the scalability.
Right now ETH is not sure whether they apply PoS or stay with POW. As Bitmain comes on the merket with their ASICS for mining inner alia ETH we may expect to have more centralized network. Vitalik and rest of the owners said it is not a threat and they are not going to fork cryptoslate.com/vita...ash-asics-ethereum/. Community didn't like it so they ma switch to ETC which will affect the price positively!
Some technical analysis details:
MACD postive divergence
Fibonacci levels:
Target 1: 0.0033055
Target 2: 0.0044851
Target 3: 0.0054564
Target 4: 0.0064278
Target 5: 0.0078154
Target 6: 0.0092731
Stop-loss: 0.0013338
Thank you for you comments, private messages and likes. If you gree with our ideas don't forget to follow us. :)
You are very welcome to share your ideas with us. Comment down below.
HUGS!
You WBM Team
