Verizon 5G Network Launch Rumors Could Spark Ethereum Classic (ETC) to New Heights
Verizon to Make 5G A Reality in 2019, Ethereum Classic to See New Heights?
As more and more mobile companies work towards releasing devices that support 5G data, the likelihood that Ethereum Classic [ETC] is going to sky rocket only seems to increase. According to Crypto Globalist’s recent report, the multinational telecommunications firm, Motorola has announced that it will be launching its first ever 5G device, Moto Z3, which is a result of its association with Verizon. Verizon’s 5G service has been set to hit the market in the beginning of 2019.
As per the report, 5G data is essential for the proper functioning of the Internet of Things (IoT), as the “flow of data”, is what determines whether or not IoT will run. The case made between Verizon and Motorola’s news and Ethereum Classic [ETC] is none other than ETC’s purpose.
ETC is known for its sole purpose of becoming the leader when it comes to the IoT space. Known for its decentralized platform and its ability to run applications without hindrances from “censorship, fraud or third-party interference”, these exact ETC traits are what represents the support for IoT. As per its roadmap, the ETC team plans to target scalability issues within IoT, hence the existence of 5G is clearly a great start for ETC exposure and can be viewed as a solution for the problem at hand.
Crypto Globalist projects an “explosion of smart devices in the market […] Ethereum Classic will see its adoption […] grow.” As for ETC competition within the crypto sphere, the only other project that focuses on IoT thus far is IOTA [MIOTA]. However, when assessing in terms of improvements and developments achieved to date, it is clear that ETC outruns IOTA, which only seems hype ETC up some more.
This news is one that is surely to motivate ETC investors to continue their holding game, as 2019 and 2020 are the years that mark the most growth for the project and its token.
At the time of writing, ETC has secured a market cap of nearly USD$1.7 billion, a volume of over USD$200 million and its token value sits at approximately USD$17.30.
Do you think that more support for 5G data is surely to help develop the IoT sector?