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cryptocurrency: How Ethereum Classic (etc) affects trade strategies and market trends
The world of cryptocurrency is constantly developing, and new coins and tokens appear every day. Among the many available cryptocurrencies, some have gained significant attention due to their unique features, cases of use and support of the community. One of such coins that gained significant interest is Ethereum Classic (etc.). In this article, we will examine how, etc., it affects trade strategies and market trends.
What is Ethereum Classic?
Ethereum Classic is an open, decentralized blockchain platform, which was created by Vitalik Buterin in 2017. This is a native token of the Ethereum network that allows users to earn some network transaction fees and confirmation of new blocks. Etc. has its own blockchain, etherscan.io and works on an evidence algorithm (Jed).
** unique functions, etc.
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- Longer block prize period : The block prize period for etc is 12.5 ether (ETH), which is longer than the standard 210,000 ETH for the block in the Ethereum network.
- ALGORITM OF THE CONFORMATION OF THE CONDITION : Unlike traditional algorithms of proof of work, etc. It uses an evidence algorithm (POS), which allows for faster transaction processing times and lower energy consumption.
influence on trade strategies
- Possibilities of trading lever
: a higher block prize period of 12.5 ETH per block provides traders with more space to scale their positions, facilitating the acceptance of profits or setting the levels of stop-storage.
- Increased security : etc. The longer block prize period reduces the likelihood of a significant loss in the event of a difficult fork, because there are fewer transactions competing with resources.
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impact on market trends
- Bitcoin-Eeer (ETH) correlation : Because two cryptocurrencies have historically correlated, it will turn out to be how increase, etc. will affect its price movements in relation to Bitcoins.
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market moods
The current sentiment in the direction of etc is positive, with a strong increase in recent months. According to Coinmarketcap, the price etc has increased by 100% over the past year, exceeding many traditional assets.
Application
Ethereum Classic (etc) is an intriguing cryptocurrency that offers traders unique functions and possibilities. A higher block prize period, a longer consensus algorithm and scale benefits make it an attractive option for people who want to diversify their wallets or use the lever trade strategy. As the market evolutions, etc., the impact on trade strategies and market trends will probably be significant.
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