Since the beginning of April, ETC has gained nearly 50 percent and touched $8.00 for the first time since November. It seems that the project has recovered from most of the negative consequences from its notorious 51 percent attack and financial woes that plagued the project at the end of 2018 and continued into the beginning of 2019.
The US-based cryptocurrency exchange platform Poloniex extended its margin trading offer. Now all non-US customers can trade ETC against BTC with 2.5 leverage along with XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID, and CLAM, capitalizing on growing market volatility. Notably, Ethereum Classic has become the first coin added to margin trading since the platform acquisition by Circle in 2018.
ETC can also be used for lending, which means that customers can earn interest by lending their ETC coins to other platform users.