Why is Ethereum Classic jumping in price? 25% in 24 hours

[sangwookie]

I like this coin and bought some a while back. It has been jumping in price and I was wondering why this is. Other than news on Korean speculators, there doesn’t seem to be much on it. I am debating on shifting ltc to etc to take advantage of the rise but I am wondering if it is just speculation or if people are thinking this coin is the true ethereum.

I like the developer’s philosophy but that could all be marketing mumbo jumbo.

I think ethereum is way overpriced and I feel lucky that I got out before it dropped.

Anyone else thinking of holding etc for the long term?

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[RippleSider]

I wonder the same.

[ditinhu]

This is the market, some currencies go up suddenly and others go fast, but all the altcoins are going up in the last 24 hours, for example the doge went up 30% was worth 15 satoshis and now there are 17 satoshis. The bitcoin has stabilized so it helps the altcoins to rise a bit.

But I see talking here in the forum about another fork, silver btc, if have this fork, probably soon the altcoins will fall again and probably if you buy on top of them you will have a short-term damage.

[sangwookie]

Thanks for the insight

[A L I E N]

There is nothing extraordinary the fast growth of Ethereum Classic. Its growth may be connected with changes of ETH, which costs over $326 today. Like many other altcoins, it can jump high (NVC has done it recently).
Ethereum Classic crypto has already demonstrated its high reliability. It will grow further, but not with such a speed.

[Ging]

i am so disappointed because i missed free coins were airdroping Ethereum Classic but i think you should hold it and see what the upcoming months will reach wish you the best of luck my friend and for us either.