Ethereum Classic recorded an increase of at least 35 points on Tuesday, marking the downward trend in the global market and raising the ETC to its highest level in January.
Barry Silbert, the founder of the Digital Currency Group DCG, wrote on Monday. DCG, of course, is the parent company of Grayscale Investments, which has built a fund that owns ETC on behalf of fund shareholders.If you’re not watching Ethereum Classic, you’re doing it wrong.
Thus, Silbert has an interest in promoting ETC. Even so, Silbert's tweet stayed prophesied, because in a few hours the Ethereum Classic value hired a 20% rally, an advance that issued even while other top cryptocurrency pivots on negative territory.
Currently, the Ethereum Classic price is traded at 32 USD per Bitfinex, down from a low of nearly 24 USD a day. That translates into a market cap of 3.3 billion dollars, ranking 14th in the ETC graphs.
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Thanks @spiry for sharing this vital information.
At one point I liked ETC and even owned a little mid-last year but thought if it was going to take off more we'd see that traction into Q1 of the new year. If this run up holds or turns into anything Ill be keeping what I sell, but if it flats back to .0027 area in outskis