Ethereum Classic (ETC) to Be Listed on Coinbase Hoists the Price

July 7, 2018
193 Views


The 15th largest cryptocurrency by market capitalization is playing against all market-cards today. Despite almost all coins suffering under the grasp of heavy bear claws, ETC is on the green. The pair ETC/USD is gaining 2.53% in the last 24-hours reversing the price back to $17.62.

Listing Impacting ETC Price

Even that the increase could be very miniature to the bigger market picture, it is clarifying that ETC could initiate a free-run against the sellers. The only reason that might be backing up the coin behind this excellent performance is its speculation on Coinbase listing.

Coinbase has confirmed that the move will happen sooner or later, but when it is still not clear for anybody. It is much expected that an announcement related to the listing will happen during this month, however it will be not of a long notice.

This decision caused a stir on social networks from both fans and skeptics. While many ETC supporters were enthusiastic about the news, others were disappointed as they saw ETC as a “dead currency.” Even some users were confused about the decision.

As it usually happens when more used and famous platforms like Coinbase list a coin, it is predicted that a boost of price will enter the place as it will invite more mainstream and institutional interest in the crypto.

Even that the listing will happen, stay sharp, trade carefully and do not overtrade. The coin is attracted very much towards volatility and investments should be well thought. But, keep your radar on on ETC as it could turn out a good wallet diversification choice.





Source link

You may be interested

New Crypto Lending Report: Institutional Traders Short Altcoins But Not Bitcoin – Forbes
Litecoin News
29 views
Litecoin News
29 views

New Crypto Lending Report: Institutional Traders Short Altcoins But Not Bitcoin – Forbes

Editor - April 25, 2019

[ad_1] New Crypto Lending Report: Institutional Traders Short Altcoins But Not Bitcoin  ForbesGenesis Capital's quarterly crypto lending report reveals how institutional…

Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso – Cointelegraph
Litecoin News
28 views
Litecoin News
28 views

Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso – Cointelegraph

Editor - April 25, 2019

[ad_1] Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso  CointelegraphNews. Payments services firm Bitspark is releasing a cryptocurrency pegged…

Crypto Market At Risk of Weakness: BNB, Litecoin, Bitcoin Cash, TRX Price Analysis – newsBTC
Litecoin News
57 views
Litecoin News
57 views

Crypto Market At Risk of Weakness: BNB, Litecoin, Bitcoin Cash, TRX Price Analysis – newsBTC

Editor - April 25, 2019

[ad_1] Crypto Market At Risk of Weakness: BNB, Litecoin, Bitcoin Cash, TRX Price Analysis  newsBTCThe crypto market cap is currently declining,…

Leave a Comment

Your email address will not be published.