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The cryptocurrency market has been all red lately. But it could finally be seeing a recovery soon, as Bitcoin and Ethereum work hard to drive momentum for the rest of the market.
Ethereum Classic (ETC) Ethereum's offshoot alternative has been making moves in the past two weeks, gaining 184% in the last half of July even as investors envisage it will benefit from Ethereum's transition to a Proof of Stake blockchain in September.
The announcement of the Ethereum merge led to a rally in various altcoins, such as the Ethereum Classic, Optimism, and Lido Dao. However, analysts are still evaluating if the rally is sustainable.
The ETHPoW team published an open letter claiming its proof-of-work fork of Ethereum was “inevitable.” The project has removed the “difficulty bomb” from its version of the Ethereum code in order to prepare for the fork.
With a hike of over 150% in the past month, it has been a good time for Ethereum Classic (ETC) and its holders. Sharing a statistically significant positive correlation with ETH, ETC's growth can be attributed to Ether's own price rally.
In just over a month's time, The Merge is likely to be implemented on the Ethereum blockchain and the network's proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased.
The Ethereum Classic price prediction shows that ETC may cross below the moving averages as the selling pressure increases.
Lido, Ethereum Classic and Optimism rally after an announcement about the Ethereum merge that is set to happen on September 15. The news of the Ethereum merger sparked a surge in a number of alternative cryptocurrencies, including Lido Dao, Optimism, and Ethereum Classic.
If you're looking for big returns on your investment, you can't go wrong with cryptocurrencies. In the past year alone, the top cryptos have seen ROIs of over 1,000%. That's 10 times your money back. And it's not just a one-time event.
A new bull run is on the horizon, and these three coins are your best bet. Uniglo (GLO), Ethereum Classic (ETC), and Internet Computer (ICP) are all set to benefit from the upcoming surge in crypto prices.
Ethereum's third tesnet has launched successfully, instilling the faith among users, traders, investors and analysts that the September merger will proceed smoothly. This upcoming merger will see miners moving towards Ethereum Classic (ETC) which has raised the ETC demand.
Ethereum Classic (CRYPTO: ETC) was trading flat on Friday after a bullish day during Thursday's 24-hour trading session caused the crypto to soar up 8.32%. The crypto has settled into two visible patterns on the daily chart, with the short-term pattern being an inside bar formation and a cup-and-handle possibly forming as the longer-term pattern.
Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today's session, a handful of tokens managed to climb higher.
EthereumPoW on Friday responded to an earlier open letter by the ETC Cooperative. EthereumPow says the community, crypto exchanges, miners, and mining machine manufacturers are against the Ethereum Classic (ETC) and favor Ethereum fork.
The older brother of Ethereum (ETH) refuses to be overshadowed.
The entire market took a slight step back in the past 24 hours following a few days of notable price increases.
Ethereum Classic (CRYPTO: ETC) rallied to an intra-day high of $42.29 on Thursday, liquidating $9 million worth of short positions. What Happened: ETC surged 10% over 24 hours, reclaiming a one-month high, according to data from Benzinga Pro.
Bitcoin price gained pace after it broke the USD 24,200 resistance zone. BTC even climbed above USD 24,500, but it failed to test USD 25,000. It is currently (04:17 UTC) trading near USD 24,000 and is down 1% in a day and up 6% in a week.
The upswing in ETC's price coincides with the upswing of ETH.
Over the last month, Ethereum Classic [ETC] witnessed no bounds to its growth that extended from the $13-mark. This buying comeback positioned the altcoin near the upper band of the Bollinger Bands (BB) and reaffirmed the one-sided buying edge.
Ethereum Classic (ETC) Price Prediction – August 11Over a couple of sessions, the Ethereum Classic market has a firm stance to trend higher against the
The crypto market maintained the recovery from yesterday, standing at $1.13 trillion as altcoins like Ethereum Classic led closed in green.
Bitcoin price started a fresh increase above $24,000, Ethereum's ether might climb to $2,000, and ETC could surge to $50.
The popularity of crypto has grown at an incredible rate in recent years, and many big players have entered the space in a bid to witness exponential growth. The retail is not far behind in chasing generational wealth made possible through investing in top-tier tokens like Uniglo, Ethereum Classic, and Mina Protocol.
