The 15th-ranked cryptocurrency posted a top 100-best 5.7 percent increase, and the ethereum classic price is now trading above $18 on Bitfinex, with a circulating market cap of $1.9 billion.
Supporters also remain bullish on the ETC network’s potential to disrupt Ethereum as a platform for decentralized applications (dApps), particularly since ETH has struggled with another round of network congestion in recent weeks.
This increase has been constant since 2 days. And i think this increase can be connected to the recent launch of institutional storage service "Coinbase Custody", whose support for ethereum classic will precede the asset’s formal listing on Coinbase’s exchange and brokerage platforms.
I think ETC is hitting it's highest peak this year with this latest development. Therefore it is worth investing in. Thanks
I don't think ETC is going to be disrupting ETH anytime soon. More development means more features for ETC. Therefore, mostly everyone is investing in ETH. However, the classic chain does have it advantages. Mainly price of transactions. It's much cheaper to send than ETH. I sometimes purchase ETC to exchange my money from Exchange to another due to the low fees for transactions and withdrawals.
you should suggest that guy to read the more news on the ethereum world news site. There will be a huge improvement on the security, scalability or even the transition from POW to the POS.
The majority of people are using it to become an alternative way to send their transaction after dogecoin. it has no utility usage and ETC just another shitfork security token lol