Ether Classic Surges to More-Than 4-Month High

Ether Classic Surges to More-Than 4-Month High

The digital currency ether classic (ETC) surged more than 30% on 29th December, reaching its highest price in over four months. ETC, the signature token of smart contract-based platform Ethereum Classic, rose to as much as $1.46 during the session, a 31.5% increase from the currency’s opening price of $1.11, CoinMarketCap data reveals. Ethereum itself grew by as much as 13.7% today. Ethereum classic also benefited from a sharp increase in transaction activity, as 24-hour trading volume climbed above $7.6m, after falling below $500,000 at some points over the last week. Several market....


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Classic ether (ETC) trading volume has now fallen more than 99% from its peak over the summer. The digital currency, which powers the alternative ethereum blockchain, ethereum classic, came into existence in July amid a stream of enthusiasm. However, data suggests these high hopes have now fallen off. CoinMarketCap data reveals 24-hour trading volume repeatedly fall below $600,000 today, a figure that represented less than one-half of 1% of its all-time high of $155m reached on 3rd August. Yet, the tepid trading volume represents a mere glimpse of the low transaction activity ethereum....