{"id":466503,"date":"2021-06-30T17:45:04","date_gmt":"2021-06-30T17:45:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=466503"},"modified":"2024-06-11T13:56:42","modified_gmt":"2024-06-11T13:56:42","slug":"ethereum-classic-surges","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-classic-surges\/","title":{"rendered":"Ethereum Classic Surges As Crypto Market Recovers"},"content":{"rendered":"

Ethereum Classic is an altcoin that has seen tremendous growth this year. It has ridden the bull along with other top coins. And it doesn\u2019t look like the coin is stopping yet. The coin was trading for as low as $7 at the beginning of 2021. But with April came an uptrend in the price of the coin that would continue on to May.<\/p>\n

On May 6th, Ethereum Classic hit a new all-time high. The coin was trading at a whopping $175 per coin on May 3rd. Before crashing back down into the $120 range. The previous all-time high for Ethereum Classic was a little over $48. This was during the bull market of 2017 that eventually ended in 2018.<\/p>\n

Cheaper Version Of Ethereum<\/h2>\n

Ethereum Classic has always been known to be a cheaper option on the Ethereum play. While Ethereum might still be too high for some people, Ethereum Classic presents a perfect opportunity to get into the Ethereum network. This is one of the reasons why the price surges.<\/p>\n

Related Reading |\u00a0Ethereum 2.0 Contract Reaches 100,000 ETH Milestone<\/a><\/strong><\/em><\/p>\n

New investors are usually looking to put their money in assets that they do not feel they have missed the boat on. And Ethereum Classic is one such asset.<\/p>\n

Ethereum Classic is Ethereum before the hard fork<\/a>. Both ETC and ETH still continue to use the proof of work<\/a> mechanism. But soon, Ethereum plans to move to proof of stake<\/a>, leaving ETC behind using the proof of work mechanism.<\/p>\n

It is still left to be seen if ETC will follow in the footsteps of ETH and switch to proof of stake.<\/p>\n

The switch to proof of stake will mean that transactions will be faster and more efficient. Also, this gives more scalability to the Ethereum network.<\/p>\n

There is a standing conflict that Ethereum deviated from what blockchain technology was created to do, prevent manipulations in the market by people. Although at the time, it seemed the way to save Ethereum\u2019s reputation was to perform the hard fork. Obviously, that was the right move given current situations.<\/p>\n

ETC supporters believe that they continue to stay true to the original notion and mission of blockchain technology.<\/p>\n

The present growth of Ethereum Classic can also be attributed to the improvements in the ETH network. ETH 2.0 has investors excited about the new possibilities in the network. And Ethereum Classic is a part of that ecosystem.<\/p>\n

Related Reading |\u00a0Ethereum Breaks $2,000, What You Should Prepare For<\/a><\/strong><\/em><\/p>\n

The price of ETC has been on a downtrend in recent months along with other coins. The coin lost over 50% of its all-time high value in the crash. It now looks to be posting a steady recovery post-crash.<\/p>\n

Ethereum Classic Market Indicators<\/h2>\n

Moving averages<\/a> for ETC are negative over the short term but remain positive over the long term. Five-day moving averages are down 20%. But the 100-day moving average is up by a wide margin, holding at 373.10% in the long term.<\/p>\n

The market indicators for Ethereum Classic are currently showing a buy pressure.<\/p>\n

Coin price is up despite low trading momentum in the market. This could be attributed to upward movement in the price of Ethereum.<\/p>\n

This price increase puts ETC firmly upwards on the highest market recoveries.<\/p>\n

\"Ethereum<\/p>\n

ETC surges amid market recovery | Source: ETCUSD on TradingView.com<\/a><\/pre>\n
Moving averages for the month put the asset in the strong buy pressure region. Accounting for the increase in the price of the coin recently.<\/p>\n
Although hourly moving averages are now moving into strong sell indicators. Nothing out of the ordinary. Sell indicators are usually expected when coins post-high percentage recoveries in short periods of time.<\/p>\n
Ethereum Classic is currently holding at a price of $58.<\/p>\n
Featured image from The Economic Times, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Ethereum Classic is an altcoin that has seen tremendous growth this year. It has ridden the bull along with other top coins. And it doesn\u2019t look like the coin is stopping yet. The coin was trading for as low as $7 at the beginning of 2021. But with April came an uptrend in the price of the coin that would continue on to May. On May 6th, Ethereum Classic hit a new all-time high. The coin was trading at a whopping $175 per coin on May 3rd. Before crashing back down into the $120 range. The previous all-time high for Ethereum Classic was a little over $48. This was during the bull market of 2017 that eventually ended in 2018. Cheaper Version Of Ethereum Ethereum Classic has always been known to be a cheaper option on the Ethereum play. While Ethereum might still be too high for some people, Ethereum Classic presents a perfect opportunity to get into the Ethereum network. This is one of the reasons why the price surges. Related Reading |\u00a0Ethereum 2.0 Contract Reaches 100,000 ETH Milestone New investors are usually looking to put their money in assets that they do not feel they have missed the boat on. And Ethereum Classic is one such asset. Ethereum Classic is Ethereum before the hard fork. Both ETC and ETH still continue to use the proof of work mechanism. But soon, Ethereum plans to move to proof of stake, leaving ETC behind using the proof of work mechanism. It is still left to be seen if ETC will follow in the footsteps of ETH and switch to proof of stake. The switch to proof of stake will mean that transactions will be faster and more efficient. Also, this gives more scalability to the Ethereum network. There is a standing conflict that Ethereum deviated from what blockchain technology was created to do, prevent manipulations in the market by people. Although at the time, it seemed the way to save Ethereum\u2019s reputation was to perform the hard fork. Obviously, that was the right move given current situations. ETC supporters believe that they continue to stay true to the original notion and mission of blockchain technology. The present growth of Ethereum Classic can also be attributed to the improvements in the ETH network. ETH 2.0 has investors excited about the new possibilities in the network. And Ethereum Classic is a part of that ecosystem. Related Reading |\u00a0Ethereum Breaks $2,000, What You Should Prepare For The price of ETC has been on a downtrend in recent months along with other coins. The coin lost over 50% of its all-time high value in the crash. It now looks to be posting a steady recovery post-crash. Ethereum Classic Market Indicators Moving averages for ETC are negative over the short term but remain positive over the long term. Five-day moving averages are down 20%. But the 100-day moving average is up by a wide margin, holding at 373.10% in the long term. The market indicators for Ethereum Classic are currently showing a buy pressure. Coin price is up despite low trading momentum in the market. This could be attributed to upward movement in the price of Ethereum. This price increase puts ETC firmly upwards on the highest market recoveries. ETC surges amid market recovery | Source: ETCUSD on TradingView.com Moving averages for the month put the asset in the strong buy pressure region. Accounting for the increase in the price of the coin recently. Although hourly moving averages are now moving into strong sell indicators. Nothing out of the ordinary. Sell indicators are usually expected when coins post-high percentage recoveries in short periods of time. Ethereum Classic is currently holding at a price of $58. Featured image from The Economic Times, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":466504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,9133,15811,79678,1946,9134],"class_list":["post-466503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-etc","tag-etcusd","tag-etcusdt","tag-ethereum","tag-ethereum-classic"],"acf":[],"yoast_head":"\nEthereum Classic Surges As Crypto Market Recovers<\/title>\n<meta name=\"description\" content=\"Ethereum Classic is an altcoin that has seen tremendous growth this year. It has ridden the bull along with other top coins. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Classic Surges As Crypto Market Recovers","url":"http:\/\/ktsl888.com\/news\/ethereum-classic-surges\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum-classic-surges\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ETC.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ETC.jpeg?fit=1200%2C900"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","etc","etcusd","etcusdt","ethereum","ethereum classic"],"dateCreated":"2021-06-30T17:45:04Z","datePublished":"2021-06-30T17:45:04Z","dateModified":"2024-06-11T13:56:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Classic Surges As Crypto Market Recovers\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-classic-surges\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-classic-surges\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/ETC.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/ETC.jpeg?fit=1200%2C900\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"etc\",\"etcusd\",\"etcusdt\",\"ethereum\",\"ethereum classic\"],\"dateCreated\":\"2021-06-30T17:45:04Z\",\"datePublished\":\"2021-06-30T17:45:04Z\",\"dateModified\":\"2024-06-11T13:56:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ETC.jpeg?fit=1200%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466503"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=466503"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/466504"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=466503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=466503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=466503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}