As an investor, you may be considering adding proof of work crypto to your portfolio stake, and with Ethereum Classic (ETC) among the few remaining options, it is surely a great asset to consider. ETC made gains since the start of 2021, but unfortunately the network has been losing popularity for a long time.
ChatGPT is a powerful AI that has drawn attention this year, and so it seemed like a great opportunity to use its power and get an idea of what the future holds for Ethereum Classic and its trajectory. We queried the AI to provide a summary of Ethereum Classic and its fundamentals and it answered with an accurate and concise explanation.
We widened the inquiry to ask why Ethereum Classic hasn’t been as popular as its counterpart Ethereum and it gave a few logical reasons, making it difficult to argue against them. On the other hand, ChatGPT was able to identify some of the advantages that ETC has over Ethereum, such as its double emphasis on decentralization and proof of work network.
While ChatGPT could not make predictions about ETCs price trajectory, we looked into what factors could be inspiring investors. The recent data released on inflation, Shapella Upgrade, and liquidity flow into ETC, suggest that the coin is still discounted by 88% and we could potentially see an extended rally in the next few months.
To help investors evaluate ETCs potential for their individual portfolio, Ethereum Classic Profit Calculator has been set up. It gives investors a clear idea of whether or not Ethereum Classic can be a profitable addition to their portfolio.
Polygon is the company mentioned in the article. Its current full name is Polygon (Formerly Matic Network). In 2021, Polygon completed its migration from the Matic Network to the Polygon Network, launching the Layer 2 platform on Ethereum. Polygon’s aim is to provide scalability solutions to Ethereum, allowing a single blockchain application to have near instantaneous transactions and drastically low fees.
ChatGPT is the person mentioned in the article. It is an automatic conversation AI developed by OpenAI, the machine learning research lab started by Elon Musk. It is a language-based learning system that can understand and respond to questions posed in natural language using deep learning and reinforcement learning algorithms. The AI continues to learn and evolve, making it a strong tool for use in tasks such as market analysis and predictions.
