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Chart for ETC / BTC (1W)
A cryptocurrency is judged by the number of Dapp or partnership it has in this market. If it's a "centralized" cryptocurrency like Ethereum (ETH) or Ripple (XRP), their teams announce those "partnerships" and hear about them. However, if it is a decentralized cryptocurrency like Ethereum Classic (ETC), there is no one who can announce a partnership because no one owns Ethereum Classic (ETC) and we have to do our excavations. How would it look if a group of developers working on Bitcoin (BTC) announce that they have partnered with Newegg or Starbucks to accept Bitcoin? Now, many of these groups are going to work for the adoption of Bitcoin (BTC) but will not sign agreements on behalf of Bitcoin (BTC) as if they were proprietary. They just work there.
Ethereum Classic (ETC) is perhaps the only cryptocurrency on the market that is similar to Bitcoin (BTC) in this way. ETC Dev did a great job working on Ethereum Classic (ETC). In fact, they were among the first to pick it up when the project was left to die after Ethereum (ETH) broke away from the original chain. However, it is necessary to understand that ETC Dev is not Ethereum Classic (ETC). He was just one of the groups working on Ethereum Classic (ETC) together with ETC Labs, IOHK and others. Many people seem to think that ETC Dev has resigned due to economic problems, but this is not true. ETC Dev worked on this project when there was no one to finance anything. Recently, they have been able to count on DFG, DCG or other support groups, but in the past they did not have anyone to support them and continued to work.
Chart for ETC / USD (1D)
When something survives against all the odds of growing so big, people take note. Think about it, Ethereum Classic (ETC) does not have a significant Dapp but it is still 15th largest currency by market capitalization. It is usually among the top ten in terms of trade volume. The interest in Ethereum Classic (ETC) is not from retail investors. Most of them think it's a scam or a dead currency, without Dapps or something useful. The interest in this cryptocurrency comes from the institutions that see it as a major player in the Internet of Things (IOT) space for years to come. That's why HCM Foxconn threw all his weight behind Ethereum Classic (ETC).
Igor Artamonov and ETC Dev left this month but people who wanted to lead the development direction of Ethereum Classic (ETC) have been planning it for a long time. When they realized that Ethereum Classic (ETC) had a real chance to become the face of IOT (Internet of Things, have launched ETC Labs to make it happen, ETC Labs is already committed to funding and developing promising Dapps in there is blockchain like AR (Augmented Reality), AI (Artificial Intelligence) and IOT (Internet of Things) to position Ethereum Classic (ETC) in the forefront of the fourth industrial revolution.
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