Ethereum Classic had a September filled with hardships as the altcoin had to bear the brunt of the ongoing bear market. However, it seems like the bearish momentum will continue for ETC, and one of the reasons for that could be ETC’s declining social engagements. ______________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Ethereum Classic for 2022-2023. […]
ETC’s social mentions and social engagements witnessed a massive decline in September. Furthermore, ETC’s social mentions depreciated by 57.26% and its social media engagements reduced by 74.97%.
One of the reasons for ETC’s decline on the social front could be the emergence of ETHW. ETC was anticipated to be the solution for Ethereum miners. However, with ETHW in the picture, it may be the case that ETHW may have taken some of ETC’s limelight. The weighted sentiment over the past two weeks also witnessed a decline. As can be seen in the image below, the weighted sentiment against ETC was mostly negative. This indicated that the crypto community had more negative things to say about ETC than positive.
The decline in engagements coupled with growing negative sentiment could have an extremely bearish impact on ETC’s future.Another major concern for ETC would be losing the interest of its miners. As evident by the graph below, ETCs hash rate declined immensely over the past month. This would imply that ETC’s network security was getting weaker and weaker over time.at the time of writing.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Ethereum Classic: Why investors should consider this before going longDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Moving averages depicted a strong selling edge as the price action approached a support region. Ethereum Classic’s funding rates showed slight improvement but were yet to turn positive. After a steep uptrend for over a […]
اقرأ أكثر »
ETC’s low-risk shorting opportunity could be the best way forward for investorsDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bearish market structure on higher timeframes ETC trades near the Fibonacci golden pocket as well Ethereum Classic [ETC] saw a lackluster performance in the markets on 15 October. It stood at an important lower timeframe […]
اقرأ أكثر »
Cardano: This development may offer much-needed comfort to ADA tradersWhat can holders or crypto enthusiasts expect from Cardano [ADA] in the coming days? However, a bigger question is could significant updates lead to a much-needed price growth for Cardano’s native token? _____________________________________________________________________________________ Here’s AMBCrypto’s price prediction for Cardano (ADA) for 2022-23 _____________________________________________________________________________________ Answering queries Cardano remains one of the biggest and most-developed L1s within […]
اقرأ أكثر »
Walk in the Woods: Time for people to enjoy the woods but watch for hitch-hikers | SaltWireTRURO, N.S. — As you may have read weeks ago, there was a special public field day planned for the Leggate family woodlands in Five Mile River, East Hants ...
اقرأ أكثر »
Sunday weather: it's warm for October but there are showers ahead into the weekYou may barely need a jacket for leaf\u002Dpeeping with another mild\u002Dfor\u002Dmid\u002DOctober day in the forecast for Saturday but grab an umbrella for predicted late\u002Dafternoon showers.
اقرأ أكثر »
SUNDAY FORECAST: Starting out warm for October but cooler temps, showers into the weekYou may barely need a jacket for leaf\u002Dpeeping with another mild\u002Dfor\u002Dmid\u002DOctober day in the forecast for Saturday but grab an umbrella for predicted late\u002Dafternoon showers.
اقرأ أكثر »