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Charles Hoskinson, the founder of Cardano (ADA) – a proof of stake blockchain platform, dubbed Ethereum Classic a ‘Dead Project' for not meeting his proposals on the changes to its ecosystem.
Yesterday, the bulls broke loose with a very aggressive up push of the price.
Data from blockchain analytics platform, Messari, revealed that Ethereum Classic's [ETC] hashrate reached an all-time high with a current hashrate of 45.98 H/s. The all-time high (ATH) in hashrate was logged six years after ETC miners mined the first ETC block at a block height of 1,920,000.
Ethereum Classic (ETC) has recently caught some flack from Cardano founder Charles Hoskinson. The digital asset, which is basically a fork of the original Ethereum token, has always come under criticism which has often hindered its growth.
After comparing Solana to an old Nintendo console, Charles Hoskinson has lashed out at Ethereum Classic.
The Ethereum Merge- one of the most awaited events for the crypto community- is scheduled for mid-September and is building up a bullish atmosphere around the Ethereum asset. Even Ethereum Classic (ETC) is witnessing a rise in its price action and has spiked by 27% over the past 24 hours.
Ethereum Classic (ETC) has broken out from a short-term pattern and is approaching a crucial resistance area at $45. The post Ethereum Classic (ETC) Price Surges as Ethereum Miners Flock in Anticipation of the Merge appeared first on BeInCrypto.
Ethereum classic was a notable mover in today's session, as the token rose by nearly 30% on Tuesday. The surge comes as it was confirmed that the Ethereum merge event will take place next week, between September 13-15. Another big mover was avalanche, which rose by over 8% earlier today.
Ethereum Classic's ETC crypto is seeing a sizable price boost as miners start to shift their efforts from ETH mining to ETC.
The original Ethereum blockchain token appears to be benefiting from the upcoming Ethereum Merge.
The Ethereum Classic price prediction spikes above the 9-day and 21-day moving averages as the coin touches the $41.7 high.
Bitcoin appears to have annoyed the investors as the focus now has shifted to the other altcoins in the market. The asset's dominance has dropped close to 2018 levels, indicating the possibility of revival of a strong AltSeason in the coming days. Amid the dropped Bitcoin dominance, below mentioned altcoins may gain huge strength soon.
Ethereum Classic (ETC) produced a godlike candle as the market's sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher.
Futures tracking the tokens logged some $27 million in liquidations in the past 24 hours – second only to Ethereum and ahead of bitcoin futures, which usually see the highest liquidations.
The Ethereum Merge is a highly bullish event for Ethereum. However, Ethereum Classic is one of its biggest beneficiaries.
Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” I love how a sustainable development fund turns into a miner tax.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] had a tumultuous start to the trading week.
Is it a good idea to buy ETC before the merge? Let's analyze in the Ethereum space and analyze ETC in this ETC price prediction.
Ethereum Classic (ETC) has no argument in support of its existence, says Charles Hoskinson
Ethereum Classic has pumped 26% in the last 24hrs as miners continue to make the switch from Ethereum ahead of The Merge.
The cryptocurrency market is up by 2% after a difficult previous week. Its total stands at $1.041 trillion, representing a 1.
In the days leading up to the Merge update that will be implemented on the main Ethereum (ETH) blockchain, cryptocurrency investors
Ethereum Classic is today's most significant gainer with a massive 26% surge. ETH is also well in the green ahead of the Bellatrix upgrade.
It's been a while since the global crypto market cap is positioned below $1 trillion as the major cryptocurrencies have lost their key trading levels. However, though Ethereum's native currency Eth is facing a pullback, the network is gaining huge traction from investors.
