Ethereum and Ethereum Classic: which token should you get on March 21 and why?
Ethereum Classic (ETC) has seen a significant level of growth throughout the past week.
Ethereum’s Vitalik Buterin proposed EIP-4844.
We will be going over each token’s performance to indicate which option is right for your purchase.
Ethereum Classic (ETC) has seen an increase in its trading volume by 45% throughout the last 24 hours, and its value has also increased by 6%.
The main reason for this growth could be the approaching Ethereum Proof-of-Work (PoW) to Proof-of-Stake (PoS), where ETC might become the go-to option for miners and become an object of capital speculation.
Ethereum (ETH)’s trading volume saw an increase of 20% in the last 24 hours. Furthermore, Ethereum’s founder, Vitalik Buterin, introduced proto-danksharding, which is a novel way to organize data logistics on March 19, 2022, in the EIP-4844 proposal.
The Ethereum balance on cryptocurrency exchanges has decreased to its lowest levels since 2018.
Nearly 1.61 billion worth of ETH tokens, or 550,000 ETH tokens, have left crypto exchanges ahead of its protocol’s potential full merge to Proof-of-Stake (PoS), according to data from Glassnode.
Should you buy Ethereum (ETH)?
On March 21, 2022, Ethereum (ETH) had a value of $2,909.98.
The all-time high value of Ethereum was on November 10, 2021, when it reached a value of $4,878.26.
Here, we can see that at its ATH, the token was $1,968.28higher in value or by 67%.
When we go over the performance of the token throughout the previous month, the highest point of the token was on February 9, when it reached $3,257.68.
The highest point was on February 24, when the token decreased to $2,336.87. Here, we can see that the token decreased in value by $920.81 or by 28%.
However, from February 24 to March 21, the ETH token increased in value by $573.11 or by 24%.
With this in mind, we can expect the Ethereum (ETH) token to reach a value of $3,100 by the end of March 2022, making it a solid token to buy.
The ETH token could see a massive increase in value after the switch to PoS; however, for the time being, it is also a solid purchase.
Should you buy Ethereum Classic (ETC)?
On March 21, 2022, Ethereum Classic (ETC) had a value of $38.51.
The all-time high value of Ethereum Classic was on May 6, when the token reached a value of $167.09. Here, we can see that at its ATH, the token was $128.58 higher in value or by 333%.
When we look at last month’s value-points regarding the ETC token, the highest value point was on February 11, when the token reached a value of $37.71.
Its lowest point was on February 24, when it decreased to $23.93. This marks a decrease in value of $13.78 or 36%.
From the span of February 24 to March 21, the ETC token increased in value by $14.58 or by 61%.
With this in mind, we can expect the ETC token to reach $45 by the end of March, making it a solid token to buy.
As miners move to ETC, this token could increase in value tremendously after Ethereum (ETH) switches to PoS, so it is a solid purchase at this price point.