Ethereum Classic (ETC) Soars 90%, Will Vitalik And Merge Support Miners?

Ethereum Classic (ETC) price has skyrocketed over 90% after the Merge date announcement, with the price almost doubling from $14 to $28. The rally comes after fresh support from the largest mining pool AntPool and rising sentiments over Ethereum miners’ migration to Ethereum Classic.

In fact, Ethereum Classic is supported by Ethereum co-founder Vitalik Buterin, Digital Currency Group and Grayscale’s Barry Silbert, with the role of IOHK, Cardano, and Ethereum co-founder Charles Hoskinson remains uncertain.

In the last 24 hours, the ETC price rallied 15%, with the price currently trading at $27.51.

Ethereum Classic (ETH) After the Merge

AntPool, a mining pool associated with mining rig giant Bitmain, on July 27 commits $10 million to support the Ethereum Classic ecosystem while promising to invest more. Leon Lv, CEO of AntPool, believes the Classic ecosystem can benefit from high-quality proof-of-work (PoW) projects and layer-2 scalability through scaling solutions.

Bitmain even announced accepting payments for all of its Antminer models in ETC. The company recently started selling its Ethereum mining model Antminer E9.