Ethereum Classic Skyrocketed 50 Percent In The Last 24 Hours

Harga Ethereum Classic (dok. Currency)

JAKARTA - The price of Ethereum Classic (ETC) has increased quite significantly in the last few days. Ethereum Classic started experiencing improvements at the end of March.

According to a report from CoinGecko, ETC has skyrocketed nearly 50 percent in the last 24 hours. Although the cryptocurrency ranks 20th in terms of market capitalization.

Until this news was written on May 6 at 3:24 p.m., Ethereum Classic was selling for IDR 1,360,000. Two days earlier, ETC was in the price range of IDR 800 thousand to IDR 900 thousand. Then the next day it rocketed again to Rp. 1,000,000. The increase in ETC prices is most likely triggered by a positive trend before the end of Q1 2021.

Based on the Cointelegraph report, Ethereum Classic has experienced a significant increase. ETC is an Ethereum (ETH) hard fork as a consequence of its development team due to the disaster of the decentralized autonomous organization in July 2016.

The ETC hype has also continued to grow rapidly on the popular crypto trading platform Robinhood. The ETC skyrocket is inseparable from the rising price of Ethereum which continues to move beyond the 3,000 US dollar level.

Launching Cointelegraph, for beginner investors, this hard fork is an alternative coin choice from Ethereum whose price is already very high. In addition, ETC has also succeeded in surpassing ETH in terms of its year-to-date price increase performance by a factor of more than three times.

The positive performance of ETC, or so-called “Green Ethereum”, is the result of improvements to the security system disruption in 2020. The skyrocketing prices of ETH, ETC, and DOGE are a welcome welcome to the altcoin season.