From a pure TA standpoint, there is reason to pay attention and for the risk takers, reason to think about jumping in soon. and are trending upwards from oversold territory. A nice support has been established and just looking at the history of ETC, when it moves, it moves BIG. Those movements tended to be news based though, or being added to Chinese exchanges, but still...
Keeping a close watch. This one has been falling for ages and if it drops to the next level down, I would certainly wonder about it's overall future from an investments standpoint.
Although this analysis is pretty bad, I do think that ETC will bounce back soon.
Sleeping giant? I don't think so.
1) The recent addition of ETC on Huobi, BTCC and other Chinese exchanges did not cause an increase in ETC value.
2) No interest/development on this coin, that's also wrong. Two big news were announced lately, they are the release of the ETC Emerald wallet and Mantis client.
To be frank, it feels to me that Ripple is the one that is lacking in core development.
My investment and trading feelings on any crypto are based on their purpose and how they are currently performing based off of that purpose. ETC may be quietly grinding in the background, but my assumption was that they were an ETH alternative and a place for ICO's and other dAPPS to launch off of. Emerald is coming and that may be a nice catalyst, but in the past few months, ETH/NXT/NEO/NEM have all been making a lot of noise with product launches and ICO's. I haven't seen much from ETC. As stated, maybe I have missed something. Also, I do believe the Chinese exchanges played a part in their price jumps.
May 20th jump: Bobby Lee announce ETC is amongst the finalists to be added to BTCC
July 12th jump: ETC added to Huobi
As with both of these jumps, it seems the market bought the rumour and sold the news.
There very well be other factors at play here, but my point is that I was confused by Ripple's decline despite strong news. ETC, I want to invest in. I like the fact that they stayed true to their roots, but as I have no personal attachment to any coin, and am only looking to profit from trading, I have been currently let down by them both but in the short term, I see Ripple working out sooner than ETC.
I could be wrong, let's see.