As proof of work Nakamoto consensus  is more secure   but less scalable than proof of stake, then proof of work blockchains will be the layer 1, L1, or base layer of the technology stack. As the proof of stake consensus mechanism is less secure but much more scalable, then proof of stake networks will be the layer 2, L2, or performance layer of the blockchain industry stack .
Because of economies of scale, network effects, power law, and the need for diversifying systemic risks , there will only be a few winners in each layer of the blockchain technology stack. As is usual in infrastructure, technology industries, and in currency markets, very few players will achieve large scales. Due to its level of trust minimization, quality as a store of value, global seamless reach, the fact that it may be held and transferred through communications channels, and its characteristics of sound money, Bitcoin will eventually, at minimum, match the global valuation of gold.
The price projections of gold assume that gold will increase in price from the current levels at the average projected inflation rate for the next 4 and 8 years which is 2. Below is a table that includes the crypto bull market cycles of and , the currently undergoing cycle, and the projected and cycles. Adjusting for its supply schedule, the corresponding price targets for BTC for the present and future crypto bull market cycles would be:.
Adjusting for its supply schedule, the corresponding price targets for ETC for the present and future crypto bull market cycles would be:. Layer 3 and 4 will also use ETC in various forms as dapps, wallets, and other systems will use it for security services and to provide high value products and services to their users. As seen in the diagram above, Ethereum Classic is the only major smart contracts platform that is proof of work based Nakamoto consensus; its database is fully replicated on a global scale; has a fixed monetary policy; and, thus, will serve as a secure system for high value settlements and monetary services for large proof of stake networks such as Ethereum 2.
Due to this enhanced functionality at the base layer, it will likely surpass other less versatile proof of work networks, such as Doge Coin, Litecoin, Monero, Bitcoin Cash, and others to position itself well within the top 10 in the popular crypto lists. In other words, ETC is the ultimate expression of all the properties of money, but trust minimized, programmable, and highly secure on a global scale.
Inflation data source — Federal Reserve Bank of St. Readers and investors should do their own research, would be well advised to invest what they can afford to lose, and are responsible for their own decisions. I just want to share my idea what I thinking about of this cryptocurrency. Cannot rule bearish scenarios!
Dips are for buying!! Short term When looking at this chart above, a comparison can be made between the two charts, the first bullflag observed is the cross through 2. As title says, Many have probably written ETC off It appears Ethereum Classic is almost breaking out the bull pennant. Why get subbed to me on Tradingview? After bitcoin comeback to the asending path Now its time for this altcoin to show its power for their holders.
Ethereum Classic, seem to have idle for a while. Hidden potential coming in weeks or months. It pays to keep some for the rainy days. The price bounced from the mid line of the ascending channel and it is now showing signs the momentum to the upside is not over. Dear traders, after 27 weeks of decrease in a quiet mode and long accumulation, a possible huge movement after a breakout of the triangle is likely to occur. It appears ETC has broken the falling wedging confirm another higher lows.
Market capitalization. Trade volume 24h. Minimal price for 24h.