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Ethereum Classic (ETC) jumps 79% as PoW Ethereum miners start to jump ship

Ethereum Classic (ETC) has been one of the main crypto performers of the last 7 days. Experts argue that much of this surge has been triggered by a hefty migration of Ethereum Proof of Work miners into ETC. Here is what we know:

  • Ethereum Classic (ETC) has surged by almost 80% over the last 7 days.

  • Ethereum Proof of Stake Miners are shifting to ETC in huge numbers.

  • This comes as the Vitalik led chain looks to launch its Proof of Stake Ethereum 2.0.

Data Source: Tradingview 

How will the Ethereum 2.0 shape ETC?

The sudden jump in ETC seen in the last week is expected to continue. In fact, many experts feel that the sooner we get to Ethereum 2.0, the higher ETC will surge. According to current estimates, Ethereum is expected to shift towards a Proof of Stake fully by the end of 2022. This will provide huge opportunities for crypto investors to earn.

“For the industry as a whole, we expect staking to become a big business,” says David Lawant, director of research at Bitwise Asset Management. The Firm has over $1.3 billion in assets, including a portfolio of crypto. There is also talk that tokenomics on Ethereum and other chains will dominate crypto investment.

“Tokenomics will play a huge part of the world’s future commerce with blockchains in the driver’s seat” says Adrian Pollard from HollaEx.

But the shift towards ETC could also put pressure on Ethereum itself. Just recently, ETH managed to steer above $3000 and has stayed there for a few days. The shift towards Ethereum 2.0 is likely to be a bit destabilizing, but eventually, the long-term value of ETH still remains promising.

Is Ethereum Classic (ETC) a good buy?

The shift towards Ethereum 2.0 will be completed this year, so there is still a lot of time before it happens. We expect ETC to continue surging during this period. So, at least in the short term, the coin is indeed worth buying. We could be getting very high gains before the year is out.

The post Ethereum Classic (ETC) jumps 79% as PoW Ethereum miners start to jump ship appeared first on Coin Journal.

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You can now buy Uniswap, the most popular decentralized trading protocol: here’s where

Uniswap is the 23rd biggest crypto by market cap. At the time of writing, it was trading for just over $11 with a 24-hour trading volume of almost $332 million. Today, its token UNI has gained 7.13%.

If you want to know what Uniswap is, if it’s worth investing in, and some of the top places to buy Uniswap, you’ve come to the right place.

Top places to buy Uniswap now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy UNI with eToro today

Alvexo

Alvexo is an established broker that stands out for its education and service-oriented focus. Alvexo services excel in delivering a comprehensive array of market news, webinars, analysis to fortify our clients‘ need to take intelligent trading decisions on the world’s most dynamic financial markets.

Buy UNI with Alvexo today

What is Uniswap?

Uniswap is a commonly used decentralized trading protocol, which makes it easier to trade DeFi tokens automatically. It launched in November 2018 and is an example of an AMM (automated market maker).

Uniswap is becoming more and more popular with the surge of the DeFi industry. Its goal is to ensure token trading stays automated and fully accessible to all token holders. At the same time, it wants to improve the efficiency of trading compared to what traditional exchanges have to offer.

Uniswap brings about greater efficiency by solving liquidity problems with automated solutions. It avoids the issues faced by early DEXs.  

Should I buy Uniswap today?

Uniswap can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Uniswap price prediction

GOV Capital sees its price trajectory positively. They forecast growth to $55.73 in a year and to $394 in five years.   

Wallet Investor begs to differ. This analyst predicts an impending drop from its current price to just $0.55. This translates to a loss of -95%.

Uniswap on social media

The post You can now buy Uniswap, the most popular decentralized trading protocol: here’s where appeared first on Coin Journal.