In a few days we will see the callisto airdrop happening. The callisto token will be rewarded to anyone holding ETC in a one to one ratio. I personally think it could hit 10usd, as it will be used as a store of value and for cold staking. What do you guys think about the price target?
There will be a huge dump when it already listed on the exchange site, Many people are realizing about the fact that the fork coin just becomes a short-term gain.
And then after they will be dumping it to the market and then they can put all of the amounts from their fork coin to the promising altcoin.
It will be starting at around $3 - $7 range.
There is a lot of examples about that.
I don't think that ETC is going to be dumped. Because there was no pump of the coin. People only bought it like they normally do trading. They will receive airdrop. But the airdrop price may be very low.
I think one Callisto may be worth less than $1 at start. Maybe between $0.5 and $0.01? It will be like the price of a new ICO coin which just has appeared on the market. But it is free coins. There is a risk it is worth less.