Massive surge in $ETC hashrate attracts attention of crypot investors who believe in PoW technology
and the increase of its fundamental value. Most PoW enthusiasts believe that mining is the only thing that can provide intrinsic value to a digital asset.
Despite the great migration, some analysts believe that the PoW fork of Ethereum will still attract much more hashrate after the Merge goes live than alternative networks.According to the most recent price action of the asset, ETC is close to becoming overbought as it spikes far above the 50-day moving average, almost reaching the previous high we saw on Aug. 13.
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