Ethereum Classic (CRYPTO: ETC) has rallied 140% over the last month, but Messari analyst Tom Dunleavy isn’t convinced about its long-term value as an investment.
What Happened: “ETC price rose quickly, but looking at fundamental metrics, nothing has changed about this chain,” said Dunleavy in an analyst note earlier this week.
“Volumes and users have been largely unchanged for years. Applications are non-existent.”
The recent price rally in ETC has largely been driven by the upcoming Merge which will mark …
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