Cryptocurrency: How Ethereum Classic (etc.) influenced trade strategies and market trends
The world of cryptocurrency is constantly developing with new coins and tokens that appear every day. Among the many available cryptocurrencies, some have attracted considerable attention due to their unique features, usage cases and support of the community. One of these coins that have collected a considerable interest is Ethereum Classic (etc.). In this article we will examine how, etc., trade strategies and market trends.
What is Ethereum Classic?
Ethereum Classic is a decentralized blockchain platform with open sourse acc. It is the native token of the Ethereum network with which users can earn part of the network transaction commissions and validate new blocks. Etc. has its own blockchain, Ethercan.io and works with the consent of the work test (Pow).
Unique features of etc.
- Scala economies: Like the second largest cryptocurrency for market capitalization according to Bitcoin, etc. It is able to compete with Bitcoin in relation to transaction commissions.
- Longer block reward period : The block reward period for etc. It is 12.5 ether (ETH), which is longer than the standard time of 210,000 ETH per block in the Ethereum network.
- Stationestalgorithm : In contrast to conventional work test algorithms etc.
Effects on trade strategies
- Leva trading options
: The higher block reward period than 12.5 ETH per block offers more space to reduce their positions, which makes it easier to achieve profits or to fix arrest levels.
- The increase in security
: The longer block reward time of etc. etc. It reduces the likelihood of a significant loss in hard fork, since there are fewer transactions in the competition for resources.
- Possibilities for diversification : The unique properties of etc. etc. You can attract dealers who try to diversify their wallets and to suspend new activities.
Dissolve market trends
- Bitcoin-related correlation (ETH) : Since the two cryptocurrencies are historically correlated, it remains to be seen how the rise of etc. will influence its price movements in terms of Bitcoin.
2
- Effects on the markets of Altcoin : The influence of etc. on the general market for cryptocurrencies can be felt through its relationships with other old coin operations that work under similar consent algorithms.
Mercato feeling
The current feeling for etc. is positive, with a strong trend in the past few months. According to Coinmarketcap, the price of etc. etc. etc. has increased by 100% last year and overlaps many traditional activities.
Diploma
Ethereum Classic (etc.) is a fascinating cryptocurrency that offers traders unique features and possibilities. The higher block reward period, the longer consent algorithm and the scale effects make it an interesting option for those who diversify their bridles or want to use the trade strategies for financial levers. While the market is developing, the influence of etc. on trade strategies and market trends will probably be significant.
Advice
- invests in etc. with caution : before investing in etc. carry out in depth research and take into account the risk tolerance.
- Diors your portfolio : spread your investments in a number of cryptocurrencies to minimize exposure to a certain activity.
- Stay above market trends : Monitoring of messages and market analyzes to make well -founded trading decisions.
