(1) The Success of Ethereum

Ethereum has been one of the runaway successes of the past 12 months. It has outperformed many people’s expectations, even those of its fervent supporters. But just as Ethereum has been smashing new price barriers, so too has Ethereum Classic. Indeed as the price of Ethereum reaches new heights, Ethereum Classic does the same thing, albeit to less fanfare. At this point the price of Ethereum Classic seems pegged to that of Ethereum, and with the price of Ethereum rising and showing no signs of slowing down we can expect the price of Ethereum Classic to do the same.

Also as more and more investors realise the functional similarity of between the two coins and the fact that Ethereum Classic has a cap on it, we can expect to see the price of ETC catch up further with ETH in the coming months.

(2) ICOs

How many? Nobody knows yet, however after some Twitter users engaged with the Ethereum Classic page it appears at least one. I’ve included some screenshots below:

With the price of Ethereum reaching new heights due to recent ICOs, the price of Ethereum Classic should also benefit in the same way if it is used in upcoming ICOs.

(3) August 1st, 2017

As many of you will already know, August 1st, 2017 marks the date Bitcoin will undergo a user activated soft fork under Bitcoin Improvement Proposal (BIP) 148. There will be a great deal of uncertainty surrounding Bitcoin in the days leading up to this event, causing scared money to flood out of Bitcoin into other cryptocurrencies. Ethereum Classic will be a popular destination for this money, as a top 10 market cap coin that has shown stable growth and relatively low levels of price volatility.

Obligatory endnote: this is not investment advice