Ethereum Classic up 75% in 8 days, but will ETH miners migrate after ETC ‘fif...
ETC price appears to be getting a boost from its scheduled "fifthening" next month. Ethereum Classic (ETC) price climbed on March 22, ignoring a deadly "death cross" on the weekly chart, as traders raised their bets on its potential to become a haven for miners fleeing the rival Ethereum blockchain. ETC's price jumped over 15.5% to reach $44 a token for the first time since Dec. 9, 2021. The coin's intraday gains came as a part of a broader rebound move that saw its price rallying more than 75% eight days after bottoming out near $25.ETC/USD daily price chart. Source: TradingViewMost of....
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A recent report has narrowed ETHPOW's downside target to $18 if the token ever comes to life post-Merge. The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW's price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut.ETHW/USD daily price chart. Source: TradingViewFor starters, ETHPOW only exists as a futures ticker, for now, conceived in anticipation that an upcoming network update on Ethereum could result in a chain split.Ethereum will....
While some miners are attacking Ethereum Classic, the spin-off blockchain based on the consensus and protocols of the original Ethereum blockchain continues to gain support. After miner Chandler Guo announced he and other miners plan to attack Ethereum Classic Tuesday, Bill Shihara, CEO of Bittrex, a cryptocurrency exchange, contacted CCN express his skepticism about the miners’ attacks. Guo said he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible. Guo said that they would isolate any block so that transactions cannot be confirmed, which was necessary because....
Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic. Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum's native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs.Why is ETC beating ETH?ETC's price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH's price has seen a 64% rally in U.S. dollar terms.ETC/USD versus ETH/USD daily price chart. Source: TradingViewEthereum's rebound has been among the sharpest among the top....
Ethereum classic was never supposed to exist. The hard fork of the ethereum blockchain earlier this month was meant to move funds associated with the hacking of The DAO into an account controlled by investors and leave the old record of transactions to be forgotten by history. Most of ethereum's developers made the switch, as did exchanges, startups and other members of the budding ecosystem. For a few days, the project returned to normalcy. But not everyone wanted that record to be forgotten. A small group of miners continued to use the original blockchain as a protest for what they....