Ethereum Classic is up 253% in the current week, but why?
The main reason may be that ethereum miners are switching to Ethereum Classic mining.
ETC was created after a hack produced in the ethereum chains, at that time a hard folk was carried out and a minority percentage of the ethereum holders decided to continue with the old chain. This ancient Chain is known as Ethereum Classic.
Today ETC grows up to 48% and stands at $ 130 at the time of writing this article, after having reached its all-time high of $ 146
ETC currently ranks 13th in market capitalization with about $ 17 billion.