Ethereum Classic (ETC) Growth Can’t be Stopped

Ethereum Classic (ETC) is making some serious gains today, currently up 24% from its 24-hour-ago price. That makes this coin the fourth-best gainer for the day, according to CoinMarketCap. At $25.92, this digital currency is rapidly approaching the $30.00 mark – a place where ETC investors would love to be again.

So, what is it about this coin that has caused its 24-hour volume to hit $401 million today? Well, this blockchain platform is rapidly expanding – and there are a number of ways that it is spreading its footprint across the crypto market.

What is Ethereum Classic (ETC)?

This cryptocurrency, as you may have already imagined, is the result of a hard fork that happened on the Ethereum (ETH) blockchain. It all happened because of a hack. The Ethereum blockchain had a huge, $150 million fund raised through a project called the distributed autonomous organization – or DAO.

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ethereumclassic.org

That fund got hacked, and there was a fundamental disagreement in the ETH community as to whether or not those coins would be returned. Some decentralization hard-liners out there wanted to leave things as they were, and leave the stolen coins out of the picture. Most people wanted to get investors’ their stolen coins back.

So the Ethereum as we know it was forked into a new protocol that would allow for the hack to be resolved, but the vocal minority that was against the move just kept mining the original ETH blockchain – and started calling it Ethereum Classic (ETC).

Ethereum Classic is rapidly expanding

This cryptocurrency is slowly spreading out, and it is growing in prominence – both on exchanges and with other blockchain relationships.

This just happened today, for example:

On top of that, Ethereum Classic (ETC) is now supported on Trust Wallet.

It’s also getting some heavy legitimization by some industry head honchos:

This coin is already in the top 20 – and it looks like it is heading even higher.




Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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