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On a day when the first-ever Ethereum (CRYPTO: ETH) spot ETFs have been approved in the U.S., Ethereum Classic (CRYPTO: ETC) seems to be stealing the spotlight from its sister chain. What Happened: Ethereum Classic racked up gains of nearly 9% in the last 24 hours, according to data from Benzinga Pro, positioning itself as the marker's second-best performer.
Meme cryptocurrency Pepe (PEPE) has managed to surpass Ethereum Classic (ETC) by market capitalization, according to data provided by CoinGecko.
Forbes analysts have expressed concerns around ADA, ETC, and XRP, suggesting that they are "zombie" tokens.
Forbes listed 20 zombie coins, calling them good-for-nothing blockchains — They are unproven and have little utility other than speculative crypto trading. Among these are XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS. Despite high valuations, these tokens face questions about real-world adoption.
Unless sentiment shifts bullishly in the near term, ETC traders should be prepared for a price move downward.
Ethereum Classic has created history with its mind blowing hold over the world. The financial system was revolutionized when Ethereum Classic started climbing the ladder.
The crypto industry has displayed a strong bullish trend after trading under a bearish influence for a period. Moreover, the ETC price has recorded a jump of approximately 13% in valuation within the past 24 hours, following which it faced correction in the chart.
DWS, the asset manager, introduced a new Xtrackers Exchange-Traded Commodities (ETC) following a partnership with Galaxy Digital Holdings Ltd. This joint effort provides German investors with a simple way to obtain Bitcoin exposure.
The staking aspect of Ethereum ETFs is important because it's similar to dividends in equities, ETC Group's Chanchal Samadder believes.
London braces for an influx of crypto exchange-traded products, sparking enthusiasm among large crypto ETF providers.
In a recent discussion with Proactive's Stephen Gunnion (SG), Tim Bevan (TB), co-founder of ETC Group, delved into the intricacies of Ethereum, its rapid adoption, and the burgeoning opportunities it presents in the realm of digital finance and beyond. Bevan shed light on Ethereum's unique position in the digital ecosystem, likening its growth and potential to tech giants before their zenith.
Ethereum Classic (ETC) has emerged as a formidable contender, captivating investors and enthusiasts alike with its recent meteoric rise. Over the past 24 hours, Ethereum Classic has experienced a remarkable surge, with its price soaring by 5% to reach a new height of $36.41.
Ethereum Classic price forecast: ETH has emerged as a standout in the decentralized blockchain sector, with its price making a remarkable jump of 5% within a mere 24-hour window. Currently, the Ethereum Classic price is trading at $36.41.
ETC/USDT chart and technical analysis Ethereum Classic is in a bullish trend and the price has recovered almost 38% since the last week. The price also broke the previous high of 32.46 today and will likely reach 40.14 daily resistance in the coming day. The price also reached the Oct 2022 high recently.
Bitcoin Cash (BCH) and Ethereum Classic (ETC) prices spiked this week as the overall mood in the crypto industry continued. BCH spiked by more than 30% on Saturday and reached its highest point since January 2022. Similarly, ETC surged to $33.45, its highest level since September 2022.
ETC Group is unveiling its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP (ticker ET32; ISIN DE000A3G90G9), a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index.
Kaspa's price reached over 18 cents in the early trading hours and marked a new ATH. Meanwhile, the token appears to be unstoppable as the bulls are utilising all their resources to keep the price elevated and continue to mark new highs.
As Ethereum Classic loses its grip, the crypto world awaits the next coin to twin Solana's growth trajectory in 2023. Explore the features of the emerging crypto coin, BlockDAG, that make it the next Solana.
In conversation with Proactive's Stephen Gunnion, ETC Group CEO Tim Bevan discusses the significant impact of the US Securities and Exchange (SEC)'s approval of Bitcoin exchange-traded funds (ETFs), enhancing market access and legitimizing cryptocurrencies. Stephen Gunnion (SG): So we've already had some big developments in the crypto space this year.
The crypto market is starting the week on a positive note following a calm weekend session, where Bitcoin price oscillated between support at $42,000 and intermediate resistance at $43,000. Trading above this resistance on Monday towards the end of the European session, BTC confirms a stronger bullish theory generally manifesting in select altcoins increases.
After concluding the first month of the year positively, the crypto industry has started the month of February on a strong bearish note. The market has displayed a correction of over 8% in valuation with the ETC price losing 6.65% within the past day. The Ethereum Classic price traded in a narrow space between $21.
Binance, the leading crypto exchange by volume, has confirmed plans to support Ethereum Classic's (ETC) upcoming network upgrade. Accordingly, the trading platform will temporarily halt ETC deposits & withdrawals on Feb 4. Binance to support Ethereum Classic's planned upgrade Binance reveals that it will support Ethereum Classic's network upgrade.
With the news of an Ethereum ETF making waves in the market, the Ethereum Classic, a close cousin to Ethereum, bounces back in action. The anticipations rise up with the Standard Chartered Bank hoping for Ethereum ETF approval in May, driving the ETH price higher.
The Ethereum Classic price continues to display strong bearish moves, indicating increased selling-over-buying pressure in the crypto industry. Moreover, the ETC price struggles to break out of its key resistance level, suggesting a bear power in the crypto space. The ETC price traded in a closed range between $20.32 and $21.
