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Could Ethereum Classic Actually Rise Before Merge?

10-Sep-2022 By: Ashish Sarswat
Could Ethereum Class

The Ethereum Merge draws near, Ethereum Classic's 

(ETC) performance thus far has been consistent with expectations.

The mining industry may switch to Ethereum Classic, which would be advantageous for the cryptocurrency. However, worries over a possible decline in the price of Ethereum (ETH) could affect the momentum of the etc price. It is unclear if ETH would profit or lose during The Merge. On the other hand, proponents of the proof-of-work algorithm might improve Ethereum Classic's prospects in the future.

When Could The Ethereum Classic Merge Price Enter?

Some members of the trading community predict that the price of ETH will increase around The Merge event. The top two cryptocurrencies may drop or climb around September 15, but this is uncertain. On the other hand, supporters of Ethereum Classic hope that the Merge would lead to a price increase. In fact, there is optimism that ETC will increase by three times its present value.

ETC's price as of this writing is $38.77, up 6.81% over the previous day, according to market monitoring service CoinGabbar. The price of ETC increased over the past week by around 15%, rising from a range of $33 to $39. It is projected that the cryptocurrency might increase to as much as $70 in this setting. According to Crypto Revelation, a Twitter influencer, it is possible that ETC may hit the $100 threshold after The Merge.

Recently, Ethereum Classic support was expanded by blockchain explorer and mining pool (ETC). It started the mining pool ETC Pool, which offered three months of zero-fee mining. On the other hand, on Friday, the price of Ethereum (ETH) just crossed the $1,700 mark. ETH's price primarily fluctuated around $1,600 earlier in the week. At the time of writing, the price of ETH is $1,7122, up 5.43% over the previous 24 hours.

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