Chart for ETC/USD (4H)
As the cryptocurrency market was falling apart, there were a few cryptocurrencies that stood their ground apart from stable coins. One of those cryptocurrencies was Ethereum Classic (ETC) and the other was ZCash (ZEC). Both of these coins appeal to a similar demographic and both of them have declined significantly in value during the bear market. However, there is more to it than that. Both of these cryptocurrencies have been around for long but they have failed to rally in the same way as the rest of the market. This means that for major bagholders of both Ethereum Classic (ETC) and ZCash (ZEC) that are waiting on the two cryptocurrencies to reach their true potential, it is a too big to fail kind of deal.
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