Those of us that keenly follow the daily course changes of various cryptocurrencies may have noticed that despite the fact that Eth Classic has almost no transactions or usable dapps, its price went up quite a bit in the last couple of weeks. Its market cap is over 5 billion dollars! That is higher than Polygon (Matic), Ethereum's number one "layer 2 solution", with millions of transactions every day. So, the question I'm asking myself is, who buys that stuff? Is it newcomers that want to buy the "cheap Ethereum", not knowing that it is a completely different chain by now? Or is it the reddit crowd trying to create another dodge hype? Personally, I think it is the first, people entering the crypto space and not knowing anything about it. Simply blindly buying in the hopes of making profits. If that is the case, I believe we should all try to assist those new to cryptocurrencies. What do you think? Leave me a comment.
