ETC Cooperative tweeted: After reaching new all-time highs (~33.8Th/s) in network hash rate Ethereum Classic is appearing to stabilize across the many pools. Miners appear happy to mine and secure ETC.

The first quarter ETC Q1 2021 transparency report is out. There seems to be no change in the budget for 2021.  ECC supports the majority of the Keccak development for ETC and is part of the SHA3 Coalition.  Several instructional guides on installing and running Besu including on Windows.  To know more users might want to check the full report.

The report concludes stating, “Project Phoenix is the code name given to the plan we will use to successfully accomplish adding a Treasury, and new mining algorithm Keccak. We want to reduce as much risk as possible to prevent any contentious fracturing of the network or project itself.”

Preliminary Treasury Call was over at ETC Discord on:  Wednesday, May 12; 15:00 UTC, 11:00 EST, 8:00 PST.

Those who were concerned about the price:  ETC is down by approx 35% from its ATH Can we expect pump in near future?

Others were concerned about too much hypes like $1000 to $500 this year.

For those who are new, there is a getting started with ETC guide offered by Etherplan.  Someone who has no knowledge about crypto will benefit from the precedents, basics, philosophy, how it works, features and benefits, comparisons to Ethereum and Bitcoin, security, strategy and positioning, improvement process, ecosystem and relations, future value and pricing, Dapp ideas, complementary reading, and more. Literally everything under the sun to feel comfortable with the ecosystem is available there.

The guide also has a logic that explains why the price of ETC will increase by 1000X. It is an evergreen content by Donald McIntyre and it is worth exploring.

After citing all reasons, Donald concludes stating, “If the base layer only achieves 50% of the value of gold, then Bitcoin will be worth $2 trillion or around $95,000 per BTC, and Ethereum Classic $1 trillion or around $4,760 per ETC.”

There are also price predictions for the current and coming crypto cycles. The predications are given by the 4 year crypto bull market cycles (e.g. 2013, 2017, 2021, 2025, and 2029).  The price targets for ETC in this model are $1,000 in the current 2021 crypto bull market cycle, $8,729 by the end of the expected 2025 cycle, and $33,807 by the 2029 cycle!