What is ETC?
*Ethereum classic is hard fork of Ethereum (ETC) and this is launced in July 2016. Its native token is ETC. Main function of ETC is a smart contract network which has the ability to host and support decentralized application (DApps).
*Till the day from launch, Ethereum classic has seeks to differentiate itself from Ethereum, with two networks technical roadmap diverging further and further from each other with time.
*Ethereum classic was first set out to preserve the rectitude of the existing Ethereum blockchain because of that major hacking which led to stolen of 3.6 million ETH.
Who are the founders of Ethereum classic?
*Ethereum classic is the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers - Vitalik Buterin and Gavin Wood.
How many Ethereum classic (ETC) coins are there in circulation?
*Till the time its launch there are changes that have come in tokenomics, with all participants voting to cap the supply of ETC in December 2017. The maximum supply is 210,700,000 ETC, likely then 10 times of Bitcoin (BTC), while there is ETH has no cap.
*Therefore, ETC uses a POW minning algorithm, which works like Bitcoin, people who mines are rewarded with other new coins for validating the blockchain in competition with each other.
*The reward of ETC get decreases with time, with the next drop due at block 15,000,000 roughly in april 2022- from 3.2 ETC to 2.56 ETC per book.
Where can you buy Ethereum Classic (ETC)?
*ETC is available on many exchanges like- Binance, OKEx and Huobi Global.
Future analysis of Ethereum Classic?
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*Now Etcusdt resistance at 30.50-30.70 if we break here and hold this area next resistance at 45.20-45.50 next resistance at 53 if we break and hold this level next resistance at 66.20 next at 78 next at 129.
*Now Etcusdt support at 21-21.50, if we break here don't hold this area next support at 12.50 next at 3.30.
*Etc is a good coin for longterm. It already gave a 20-30x return for investors.
*It has great potential to gave 10-15x return from here. Alwaysd try to invest at support level if you want swing trade exit at resistance levels.
*Support and resistance play important role in price action.
*If you want swing trade don't enter near a resistance level try enter at support level.
*Follow the support and resistance level to help a where to buy and sell its simple.
*I hope you guys helps a lot with this chart analysis to help them in investing, if you want any chart analysis please leave a comment in post.
*I will try to post as soon as possible.
