Ethereum Classic traders may have some unsettling days and ETC is to blame

ambcrypto.com:

Ethereum Classic had a September filled with hardships as the altcoin had to bear the brunt of the ongoing bear market. However, it seems like the bearish momentum will continue for ETC, and one of the reasons for that could be ETC’s declining social engagements.

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Here’s AMBCrypto’s Price Prediction for Ethereum Classic for 2022-2023.

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According to the social intelligence platform LunarCrush, ETC’s social mentions and social engagements witnessed a massive decline in September. Furthermore, ETC’s social mentions depreciated by 57.26% and its social media engagements reduced by 74.97%.

One of the reasons for ETC’s decline on the social front could be the emergence of ETHW. ETC was anticipated to be the solution for Ethereum miners. However, with ETHW in the picture, it may be the case that ETHW may have taken some of ETC’s limelight.

The weighted sentiment over the past two weeks also witnessed a decline. As can be seen in the image below, the weighted sentiment against ETC was mostly negative. This indicated that the crypto community had more negative things to say about ETC than positive.

The decline in engagements coupled with growing negative sentiment could have an extremely bearish impact on ETC’s future.

Source: Santiment

Another major concern for ETC would be losing the interest of its miners. As evident by the graph below, ETCs hash rate declined immensely over the past month. This would imply that ETC’s network security was getting weaker and weaker over time.

Furthermore, ETC mining wasn’t profitable at the time of writing. If miners failed to make