Yesterday, the Ethereum Classic price rose by 33%, possibly most likely due to a 10 million dollar investment. Along with news of the Ethereum moving to POS, I believe miners will move to ETC. More miners moving means that a community will grow. We may see more DAPPs and other things, I’ve got my fingers crossed that ETC NFTs will get popular within 5 years.
Disclaimer: You should not take anything in this blog post as investment advice. When investing in crypto, you are taking a high-risk investment and may lose everything. The same goes for the crypto ads on this page.
Ethereum Classic Price Prediction
I predict the price to shortly fall after the rise and then grow slowly. Though if miners move to the coin after the merge is complete, we can see massive growth. My conservative prediction would be that it hits $50 at the end of the year. Alternatively, it could hit higher than a hundred dollars though if it goes wrong, we could see less than $30.
Saying this, you can’t really predict the price of many cryptos as the market is volatile, and the price is based on a whole range of factors.
I do believe, however, that this is the best time to mine ETC before it gets harder to mine. It would also be best to make your NFT collections now too. Gas fees are currently cheaper than Ethereum due to the lower price. With a crappy GPU, I managed to mine 0.3 ETC in 3 weeks during my stay at my dorm (free unlimited electricity!). It’s not that difficult eight now- so take those chances!
I am not a financial advisor, and you should know that crypto is a risk, and you could lose your money if you choose to invest. I am not responsible for irresponsible investments and do not take this article as professional advice.
Crypto Crash- My Investment Choices
NFT prices have also crashed with the market as the coins to buy them have lost tremendous value – with this in mind, I believe if NFTs does take off, it is best to invest now. You may have a chance in the future if the market (most likely) crashes badly again. Right now, I believe that for a relatively new investor like myself, I have chosen to invest in CNFTs, which are Cardano NFTs.
During the crash, I made a bit of money from the ups and downs of certain cryptos. Most importantly, Terra Luna when crashed to rock bottom (now Terra Luna Classic). I believed that the Classic version would never rise above a penny, so I waited until it was at least double its value (it went higher) and then sold it. To me, a profit is a profit no matter how much more you can make in the future; at least you don’t lose anything. My decision now that it’s months since Terra Luna has crashed: don’t invest in it. It’s like bytecoin – it’s broken and useless. I see people believe they’re smart by attempting to pump it “to the moon”, but it seems they’re most probably pumping a dead coin which is so inflated in circulation it will never rise. In my opinion, the only way it could rise is if a great burning of its tokens were to take place.
Dogecoin or Shiba Inu?
As with Shiba Inu coming to more of a role in crypto this year, I debated which one to choose. Dogecoin has an infinite supply when mined, meaning its value will likely stay low if mining never gets more difficult. Whereas Shiba Inu has a massive supply, it gets burnt regularly, which decreases the supply and eventually, the token will increase in value over time. If you’re looking to mine tokens, I suggest Dogecoin, as it is relatively easy to mine.
I believe by around 2025, Shiba Inu will be at least double or more in value; with the volatile market, however, it may be much higher or lower.
If you’re looking to mine, though, Ethereum Classic has been good to me. As Ethereum phases mining away, I think that a lot of miners will move to Classic, and therefore, this will stimulate and increase the value of the token. Those graphics cards and ASICs still have to be used and can’t just be thrown away.
Other Cryptos I’ve Invested In
I chose Cardano, its value earlier this year was close to two dollars, and right now, it’s around 50 cents to purchase. If it goes right up, it will quadruple anything I’ve put into it. Alternatively, it can be used to stake in a pool to technically generate new Cardano at interest for a profit. I plan on using it for CNFTs and other future endeavours, so it’s more of a utility coin for myself. In this crypto crash, I can see Cardano rising moderately due to its use in DAPPs and the amount of work the developers put into the project.
Ending this article, the best crypto I could invest in is bitcoin, which is more secure than the other coins. It’s simply the mother of crypto and really charges the market. It will rise from its low value right now, and it’s easy to double.
After three months and a really bullish crypto market- let’s see how our NFTs are doing since we last bought them! In this experiment, I really don’t care whether they become worthless as I am merely curious about the market.
One of them that I had bought ended up being a rug pull. Rugpulls are basically projects that are scams (in short word form). In more detail; they are simply when someone mints a project but runs away with the money. The project which turned out to be one was; Another Ape.
With the other NFTs I own- most of them haven’t really increased or decreased in value. They have simply just not had much or any activity since. We will make an update post in the future on how it’s going and hopefully I don’t get scammed again!
Crypto’s value can go up and down and is unregulated any advice in this article and the adverts on it should be realized as the value of investments are variable and can go down.
My Ventures into NFTs!
I have also minted my own postcards- they will be minted as Cardano NFT on the JPG.store. The main reason why I’m doing this is to see how the digital world works. You can find my first mint here (it’s listed for 5 ADA since I don’t fully trust the concept yet!).
I don’t think it’ll sell and I really don’t want someone to spend so much on my NFT. Especially since I’m not a big photographer so it’s quite cheap. Plus I’m not really taking this seriously so it’s just a experiment really.
We’ve all heard of NFT – whether you’re for or against them! But most of the people who are against them haven’t experienced them and I wanted to find out. Find out what NFTs really are; how they work, etc. By doing this I’m questioning the ideas that people on both sides think and an attempt to find the truth.
For my first months in NFTs I decided that I would buy these three;
NFT 1. GOAT Tribe GTFO 2021 – 0696
This one stood out to me since I thought it was interesting for a blue goat! It also looks stoned which makes it quite amusing to me- not in a bad way! I love the style of the artwork as well- it’s simple yet it stood out to me!
Pst- it wasn’t the cheapest one on the list of lowest prices! Haha; I’m a student so I can’t afford the big stuff but it looked cool!
Few words… it’s a husky. I love husky’s- instant sell!
Well, I have to say- it’s given me some enjoyment. I feel as if it’s a new digital way to collect art or collectables. Like when there’s a limited edition sale of a certain number of items and you’re one of the only ones who have it. There’s a nice feeling to that! But this post is made too early to show how I really feel about NFTs so we’ll have to wait for the future when I finally explore it enough!
I will be posting once more about this subject and how I feel about the future web3 and meta-modernism which is coming into the present. I want to explore decentraland so expect a post on that! See you all soon!
Psst. if you want to see another nice article- I wrote about the white cube :P! I wonder if I can bring my art history stuff into the metaverse. Hopefully curate an NFT gallery :D!