ETC with 30 percent price gain
Ethereum Classic (ETC) has increased by almost 30 percent in the last 24 hours. The asset has more than doubled its market value since the beginning of the year. This means that ETC is heading straight for the top 10 of the cryptocharts. But what’s behind the hype? Let’s take a look at what’s happening right now.
Binance announced on Thursday that customers will in future be able to trade ETC futures on the popular exchange. This news meets a bullish market, a perfect mix for a striking price rally. Ethereum Classic can now be traded with 75 times leverage. Futures options are very popular with many investors to avoid the volatility in the crypto space.
At the start of the year Ethereum Classic was already able to celebrate the successful implementation of the Agharta-Fork. Bob Summerville, Director of the ETC Cooperative, commented on the recent fork as follows: “The fork seems to have gone very smoothly with a very high rate of node upgrades for Parity Ethereum and Multi Geth. Most of the Classich Geth nodes have not been upgraded, and the nodes that have not been upgraded are now out of consensus”.
At the moment, the ETC price stands at USD 9.90. This puts Ethereum Classic at number 12 in the crypto charts. The market cap has exceeded the important billion-dollar mark in the past few days (current value: approx. USD 1.15 billion). In the last 24 hours, ETC units worth USD 3.8 billion were traded. Only Tether, Bitcoin, Ethereum, EOS, Litecoin and Bitcoin Cash are currently traded more frequently.
Green prices on Friday
After the market recovered yesterday from the wild price rally and the BSV pump, there are many signs on Friday that the weekend is off to a good start. With the exception of Bitcoin SV, all Top 10 Coins are showing price gains.