Ethereum Classic (CRYPTO: ETC) spiked 10% to $43.24 over 24 hours leading up to Thursday night.
| 24-hour | 10% |
| 24-hour against Bitcoin (CRYPTO: BTC) | 9.2% |
| 24-hour against Ethereum (CRYPTO: ETH) | 8.05% |
| 7-day | -5.3% |
| 30-day | 59.7% |
| YTD-performance | 23.6% |
The ETC Factors
- Ethereum Classic, which inherited Ethereum’s original blockchain after a hard fork in 2016, spiked higher than bigger cryptocurrency peers. Ethereum rose 1.7% over 24 hours, while Bitcoin was up 0.6% in the same period.
- ETC — the 28th largest cryptocurrency by market cap — saw 24-hour trading volumes spike 26.6% to $1.28 billion.
- Ethereum was seen trending on CoinMarketCap at press time. ETC has risen in the past due to its perception by investors as a cheaper Ethereum play.
Ethereum Classic Hashrate — Courtesy BitInfoCharts
Ethereum Foundation’s planned migration of the Ethereum Virtual Machine (EVM) to a proof-of-stake consensus in the second quarter is apparently working in favor of Ethereum Classic as the latter said it is “well-positioned” to absorb much of the abandoned Ethash rate.
ETC Around The Web On Thursday, ETC decentralized exchange or DEX HebeSwap tweeted that the development of the new ETC plugin has progressed and that the signature method of MetaMask has been completed.
Goodmorning #ETC family ，The development of the new $ETC plugin has progressed: the signature method of MetaMask has been completed.#EthereumClassic #ETCArmy $HEBE #ETC pic.twitter.com/QvnAs4AKinThis month, payment gateway NOWPayments unveiled a new way for buyers and sellers to accept ETC.— HebeSwap (@BlockHebe) April 7, 2022
Fiat #currencies are the classic way to pay for goods—but there's a brand new way!Read Next: $100 Invested In Dogecoin When Elon Musk Disclosed Twitter (NYSE:TWTR) Stake Would Have Already Fetched You This MuchPlease welcome: Fiat-to-@eth_classic payments!
Yes, your clients can pay with #fiat & you will get $ETC. The new kind of classic!@ETCCooperative @ClassicIsCominghttps://t.co/A58U9usFrR
— NOWPayments (@NOWPayments_io) March 2, 2022
Photo: Courtesy of Hamed3289 on Wikimedia
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