Video: ETCDev Shuts Its Doors And ETC Analysis
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In today’s Video Briefing, Kiana takes on the news of ETCDev’s sudden closure and what it means for the rest of the market. The Ethereum Classic community isn’t alone in tightening its belt; Steemit has recently laid off the majority of its workforce, and ConsenSys may have to cut back on its support for Ethereum startups.
That means tough times ahead, but is it really a bad thing? Kiana takes a long term view at what the die-off means for the future health of the crypto ecosystem.
Next, Kiana checks the charts for ETC’s price action against the USD and other cryptocurrencies. Ethereum Classic had been showing favorable patterns against BTC and ETH, but can it maintain momentum? Or will the departure of its biggest developer take the wind out of its sails?