A widely followed crypto analyst says Ethereum Classic (ETC) could surge on the upcoming Ethereum (ETH) merge, when the second largest digital asset by market cap aims to switch to a proof-of-stake mechanism.
Pseudonymous Coin Bureau host Guy tells his 2.08 million YouTube subscribers that ETC could potentially jump to $40 from its current value of $24.65, representing gains of about 66%.
“ETC is rallying because of speculation that Ethereum Classic will benefit when Ethereum completes the merge. ETC was one of last week’s top-performing cryptos, too, so I’ll reiterate what I said back then – be careful. With that said, if that bull flag on the daily plays out, ETC could rally as high as $40