Why isn’t ETC coin rising (Why did ETC coin rise)?
Why isn\’t ETC coin rising? The reasons are as follows:Why did the price of ETH
Why isn’t ETC coin rising? The reasons are as follows:
- Why did the price of ETH coin plummet in a short period of time.
- The transaction fees on the Ethereum network are too high, causing the transfer cost of ETH to rise.
- Currently, mainstream Ethereum wallets and DApps do not support ETC.
- Due to the poor network performance of Ethereum Classic (ETC), developers find it difficult to use decentralized applications.
- Recently, around 20,000 new addresses were added to the Ethereum blockchain, and the new stablecoin TUSD issued on the Tron blockchain also experienced a slight decline. However, many investors still choose to allocate it as an asset to avoid arbitrage.
Why did ETC coin rise?
According to CoinMarketCap data, as of June 18th, 11:00 AM (GMT+8), the price of Ethereum Classic (ETC) based on the Ethereum smart contract on the decentralized exchange platform Ethereum Classic (ETC) was $16.89, with a market capitalization of $800 million.
At the time of writing on May 12th, 10:00 PM, the price of ETH reached $13.97, with a staggering increase of 275%.
Image source: coinmarketcap.com
Recently, Huobi announced the official launch of the “Global Observation Zone” activity, and ETC has shown strong performance in the cryptocurrency field. As the first new project to be included in the list of Chinese regulatory agencies this year, it has close ties with the Ethereum network, Bitcoin, and other mainstream public chains. The “Global Observation Zone” is a public service space that is open to the public through digital asset trading and mining. It not only allows people to freely buy and sell various virtual goods but also enables individual users to store and consume using their own wallets. Participants of this activity will be able to use blockchain technology to build secure and reliable systems.
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