Ether Classic Has Climbed More Than 300% In The Last Week—Here's Why

“The number of daily unique addresses on ETC steadily declined between 2018 and 2020, and has just recently picked up in 2021 amid the broader crypto market rally, according to data from BitInfoCharts,” he clarified.

“The price has risen partly due to speculation following the massive ETH rally and partly because market participants are speculating on ETC having more relevance post the ETH 2.0 upgrade,” said DiPasquale. “Recent price appreciation in ‘old’ and less fundamentally sound cryptocurrencies may have led investors to pile on to ETC.”

“Ethereum Classic maintains the original, unchanged Ethereum blockchain. While obsolete relative to Ethereum as far as utility, Ethereum Classic stands as a piece of history that’s shaped the current cryptocurrency markets and has served as a milestone within the community.”

Crypto Not bad for a unused network that is unsecured and repeatedly hacked. Fools and their money are soon parted, or something like that

Crypto 🤓💪🏻🚀👀📈🔥

Crypto Why? I tell you why: Because people have no clue what they re doing and thought it was a good idea to invest into 'ethereum' without paying the price of ethereum.

Crypto Spoiler alert - buyers thought it was $ETH

The doge transactions themselves raised the eth value significantly

$brd up next

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