Why Is Ethereum Classic Rallying: Fluke or Trend?

[-Multivitamina-]

Ethereum Classic price has been surging ever since the Agartha hard fork in mid-January. Starting at $5 before the hard fork, today the price has reached $12, seemingly continuing the upward trend. This led to an increased mining activity within the network, and the hash rate breaking all-time records with 20 TH.

What’s happening with Ethereum Classic? Is this truly a phoenix’s resurgence for this venerable altcoin? In this article, forklog.media will provide facts and suggest explanations.

Let’s start with a little bit of a backstory.

https://forklog.media/why-is-ethereum-classic-rallying-fluke-or-trend/

[CjMapope]

Ethereum Classic price has been surging ever since the Agartha hard fork in mid-January. Starting at $5 before the hard fork, today the price has reached $12, seemingly continuing the upward trend. This led to an increased mining activity within the network, and the hash rate breaking all-time records with 20 TH.

What’s happening with Ethereum Classic? Is this truly a phoenix’s resurgence for this venerable altcoin? In this article, forklog.media will provide facts and suggest explanations.

Let’s start with a little bit of a backstory.

https://forklog.media/why-is-ethereum-classic-rallying-fluke-or-trend/

Whales accumulating for a "rise of all" pump people are expecting this year again i bet
Basically alot of big money traders are i think buying anything "low" right now
IF, and thats a big  IF, we have another moon pump on BTC, alts price rise as well with it, so in order for more liquidity, people stack/dump alts during that time
its how the super crash happened in early 2018

[wxa7115]

Ethereum Classic price has been surging ever since the Agartha hard fork in mid-January. Starting at $5 before the hard fork, today the price has reached $12, seemingly continuing the upward trend. This led to an increased mining activity within the network, and the hash rate breaking all-time records with 20 TH.

What’s happening with Ethereum Classic? Is this truly a phoenix’s resurgence for this venerable altcoin? In this article, forklog.media will provide facts and suggest explanations.

Let’s start with a little bit of a backstory.

https://forklog.media/why-is-ethereum-classic-rallying-fluke-or-trend/

This is not really complex if you think about it, we are in a small bull run, we do not know if this is going to become a complete bull run but the potential is there, when this began the market dominance of bitcoin was very high so now was the moment of altcoins to shine and become more profitable in the short term than bitcoin.

That is all there is to it, there is nothing special going on for ETC as soon as this really ends it is going to crash like all the other altcoins currently making huge gains in the market.