ETC Set for 3x Rally? ChatGPT Predicts $50 Within Year!

• SoFi bank revealed that it held $170 million in crypto assets, including Ethereum Classic [ETC] tokens worth $2.9K.
• AI has been used to assess the fundamentals of ETC and predict its future price rally.
• ETC’s development has lagged behind that of other networks while its community activity has also been low.

SoFi Bank Reports $170 Million in Crypto Assets

The San Fransico-based SoFi bank released its Q2 earnings report, which revealed that the bank held $170 million in crypto assets, including Ethereum Classic [ETC] tokens worth $2.9K. This metric is another indicator of institutional trust in the token.

Ethereum Classic Price Action

Ethereum Classic’s price rose 10% a day after Ripple [XRP] secured a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July. However, since then, its price went down and it has been declining for the past week.

AI Used to Assess Fundamentals

AI has been leveraged to assess the fundamentals of Ethereum Classic and predict its future price rally by ChatGPT – an AI bot developed this year which provides detailed and concise explanations about cryptocurrencies such as ETC, as well as providing more short-form versions for easier reading comprehension.

Ethereum Classic Network Lagging Behind

The network has been losing popularity from a long-term perspective due to lack of active community engagement and development trailing behind other networks like Ethereum’s own network.

Conclusion

ChatGPT predicted that Ethereum Classic will hit $50 within 6-12 months – though investors must still be cautious when acting upon advice generated by AI bots such as ChatGPT and verify information before making any decisions based on them