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RE: ETC Making another Big Surge - Could the Value Start Approaching ETH?
For some reason the price of Bitcoin has gone down so it takes more Bitcoin to buy ETC than it did yesterday. I think the ETC volume continuing to be ahead of ETH is a very bullish sign. Keep track of the hashrate ratio between the two. It seems to be a good indicator of the price ratio between the 2. I expects the ETC hashrate to increase.
I've been surprised with the fall in BTC to be honest. I expected it to continue a gradual but sustained rise post halving. Just shows how difficult it is to predict things in crypto.
I also think the ETC hashrate will continue to rise. Don't get me wrong I don't think ETC will catch up overnight. It will take time - there is a kind of feedback loop involved here. As it gains legitimacy more people will get involved which will provide further legitimacy and then attract more people.