Tag Archives: Ethereum Classic

Ethereum Classic Price Surges Amid Choppy Markets

The Ethereum Classic price posted a top 35-best 20 percent increase on Tuesday, defying the bearish trend of the overall market and lifting ETC to its highest mark since January. “If you’re not watching Ethereum Classic, you’re doing it wrong.” Thus tweeted Barry Silbert, founder of the Digital Currency Group (DCG), on Monday. The DCG, of course, is the parent company of Grayscale Investments, which has created a fund that holds ETC on behalf of fund shareholders. Consequently, Silbert has a vested interest in promoting ETC. Even so, Silbert’s tweet was prescient, because within hours the Ethereum Classic price had embarked on a 20 percent rally — an advance that came even as other top cryptocurrencies pivoted into negative territory. At present, the Ethereum Classic price is trading at $32 on Bitfinex, up from a low near $24.50 on Monday. This translates into $3.3 billion market cap, ranking ETC 14th on the charts.

Reference: https://www.ccn.com/ethereum-classic-price-surges-amid-choppy-markets/