Ethereum Classic is still hanging around...

As an ETH hodler i find myself surprised and curious about the fact that ETC (ethereum classic) is still hanging around..

It's my understanding that ETC is the original ethereum, and after it was exposed and hacked due all its vulnerabilities, people moved on and created ETH, which is a safer version, and seems to have succeeded.

So, basically, ETC is full of scammers. But it STILL has a market cap of $2 billion and is a top 20 coin in terms of market cap.

How do you explain ETC still remaining a top 20 coin after it was exposed/destroyed by hackers/scammers ?

Secondly, is there any logic to buying some of it as a hedge to ETH?
I've seen Qtum and Stellar mentioned as ETH hedges, but curious if anyone here owns ETC and why.

TIA

By comparison, BCC is still worth $1.23.

Long term holders will hold until it dies and a lot of new 'dumb' money coming into crypto will buy up coins without doing much research.

I don't think it makes sense to hedge coin-vs-coin in the alt world. Just look at the crash in January and you'll see that all coins took a serious nose dive. Also, I've yet to find any direct correlation between competing coins where one goes up and the other goes down simultaneously.

yea fair enough.
seems that the market is too nascent for hedging to be a logical strategy