Cardano Co-Founder Charles Hoskinson called the decentralized computing platform Ethereum Classic (ETC) a scam. ETC hash rate is going down, its prices are sinking too since Juny 2023.

Meanwhile, ChatGPT when asked about ECT price actions prediction the AI bot said the price could hit $50 within the next 6-12 month. The bot has not provide any background information on such prediction, but the long-term perspectives of ETC doesn’t look promising considering low activity in the network. Investors also do not believe the coin could rally in a short-term. Its prices dived below 50-day moving average, which is a typical downside signal in the technical analysis. ECT prices are accelerating down to the nearest support at $15 per coin.