Ethereum Classic (ETC) it seems that will outperform the market in trading over the weekend. In one day, the Ethereum Classic has traded above the average movement of 100 days, which is a very significant resistance level. During the current momentum, Ethereum Classic can test $23 24-48 in the next hour.
This is the next resistance level throughout the average movement of 200 days. The volume also showed a growing interest in Classic Ethereum. That's because in the last 24 hours, the volume of the Ethereum Classic continues to increase, which means there is a growing investor interest in current ETC. In the last 12 hours, the Ethereum Classic rose more than 10% and have the above $18. It is a clear indicator that it could test the $20.
So what are the basics of the influence of the Ethereum Classic, and makes it more powerful than the rest of the market? Well, the first is that once surged to $6700, bitcoin now traded sideways. Thus, investors are not sure in which direction that can take over the weekend, especially if the volume decreases. Therefore, they get into coins like the stable, or to the USDT cryptos with some good news to roam around them, and one of these is the Ethereum Classic crypto.
Most of the good news surrounding ETC revolves around Coinbase. Coinbase recently announced that they will add the Ethereum Classic (ETC), so giving access to American investors to crypto. Coinbase also announced that their custodial services to institutional investors is ready. This gives confidence to investors that the Ethereum Classic has the fundamentals to support a push upwards, although the entire market trades sideways all weekend.
Other crypto shows signs outperform the market over the weekend was Stellar Lumens (XLM). On that day, Stellar Lumens (XLM) has seen a significant boost in volume, and the price rose more than 5%. With this momentum, Stellar Lumens (XLM) can be pushed $0.23 over the weekend. The main fundamental factors driving Stellar Lumens is the news from the Government of Australia who worked with IBM to develop blockchain technology.
Given that IBM is a partner star, investors took it as an indicator that Australia can adopt Stellar at some point in the future. Australia is one of the world's major economies, and if its central bank adopting a Stellar (XLM), it could affect other central banks to follow the program. Stellar was also supported by news that deutsche bank wanted to work with IBM and Stellar.
With these factors, investors are confident that the Stellar and the Ethereum Classic (ETC) have the best opportunities for growth in value during the weekend. However, investing in two it does not mean that people should ignore the bitcoin (BTC). If there is a significant decline in the volume of the bitcoin, it could impede the value two crypto escalated over the weekend. However, they have the best opportunities for growth, relative to the rest of the market at the moment.
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