Ethereum Classic (ETC) is still a popular choice for investors looking to add proof-of-work cryptos to their portfolios. Despite being overshadowed by its more famous counterpart, Ethereum (ETH), ETC still attracts investor attention. However, the network has been losing its popularity from a long-term perspective, and its development is lagging behind that of Ethereum and other networks.
To discover more information about ETC, researchers have turned to artificial intelligence (AI), namely ChatGPT, to provide valuable insights. According to ChatGPT, the Ethereum Classic network is less popular than ETH because its community has not been very active, it has not been updated, and it is less efficient than Ethereum.
However, Ethereum Classic still has several advantages, including security, affordability, and decentralization. These features make ETC more attractive to investors, especially in the event of a harsh regulatory crackdown. It is worth noting that ETC has been following the recent uptrend in the cryptocurrency market, and its performance is expected to improve, but fluctuate in the $30s.
While the price of ETC is subject to speculation, several factors, such as Bitcoin’s value and US inflation statistics, may impact it. Additionally, Ethereum Classic is expected to respond positively to recent upgrades that have allowed Ethereum Stackers to withdraw their tokens.
ChatGPT offers a quick way to access data, but it still lacks the ability to predict price movements. In conclusion, long-term predictions for ETC remain uncertain, and it is advisable to conduct thorough research before making any investment decisions.
