Ethereum Classic’s ‘Irrational’ Price Tripling Bears Hallmark of Dogecoin Frenzy

Ethereum classic (ETC), the not-really-like-ether (ETH) sibling of the Ethereum blockchain’s native cryptocurrency, is on track for the best weekly performance in its four-year history, with prices nearly tripling since Sunday. 

ETC/USD trading pair on Kraken.
Source: Kraken, TradingView

Analysts in the digital-asset market say the price move likely reflects a speculative fever among retail traders rather than deeply informed bets on the Ethereum Classic blockchain’s future technological…


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *