Ethereum Classic Price Swings upward

in #ethereal6 years ago (edited)

Nevertheless, a handful of cryptocurrencies managed to achieve moderate increases against USD. Most of the assets in this group are small-cap altcoins ranked outside of the top 50, with one notable exception: ethereum classic.

The 15th-ranked cryptocurrency posted a top 100-best 5.7 percent increase, and the ethereum classic price is now trading above $18 on Bitfinex, with a circulating .
There does not appear to be a clear trigger behind ETC’s rally, though social media chatter suggests it may be loosely connected to the recent launch of institutional storage service Coinbase Custody, whose support for ethereum classic will precede the asset’s formal listing on Coinbase’s exchange and brokerage platforms.

Supporters also remain bullish on the ETC network’s potential to disrupt Ethereum as a platform for decentralized applications (dApps), particularly since ETH has struggled with another round of network congestion in recent weeks.

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