Bought my first non-bitcoin digital currency...Ethereum Classic (ETC) At $0.50, risk/return felt right. And I'm philosophically on board […] $0.50 -> $50.00 ain’t too shabby - Barry Silbert, CEO of Digital Currency Group
Ethereum's original blockchain token, Ethereum Classic (ETC), is following the rise of its big brother Ethereum (ETH). On 6th May 2021 ETC reached 157 $ All-Time High which is an increase of +62.5% in 24H!
It has been a burning market this week since the coin started near 35$ on 29th April 2021 which makes about 448% of augmentation.
And it is not over!
Just for the beauty of the rise of the price of the token over the 90 days, look at this Ethereum Classic Chart:
Oh YEAH! This is what I like in the crypto world
ETC trading volume increased significantly, from about $ 1.2 billion on May 3rd to about $ 29 billion.
Staking ETH as part of an upgrade to Ethereum 2.0 appears to be contributing to the current increase in demand, so as the mass adoption. However, it is difficult to determine what are the triggers for this sharp rise and who are the buyers. Some say that new buyers choose ETC because it is "a cheaper version of ETH".
If market stays or keeps on burning like that, it is not going to stop climbing!
And you, do you own ETC?
