Connect with us

Blogs

Ethereum Classic (ETC) Has Gone Up While Making Improvements

Published

on

Ethereum Classic

Ethereum, ranked as the 17th-best currency in the global coin ranking list, divided the Ethereum community once it was forked out of Ethereum’s first major system update. For quite some time after the initial fork, Ethereum Classic was doing more than well with also having been ranked as one of the top 20 coins, however, it soon started to drop against the dollar, while collecting only 1.3% of gains in the last two months. Now, we can see ETC clearly progressing in the last 30 days, even though it had adopted the latest trend of trading in the red, as the majority of coins is dropping in the last 3 days. Let’s see how well Ethereum Classic did, as well as find out more about the latest updates made by ETC dev team.

Ethereum Classic in the Last 30 Days

Although ETC has risen not more than 1.3% in the last two months, which is considered to be a pretty weak set of gains in the period of 60 days, we can now see Ethereum Classic under the more positive light.

Apparently, Ethereum Classic has had a major rebound as it was trading up during the most of April, which was pretty easy on the majority of currencies. April came as a perfect time for bouncing off, as February and March went pretty tough on the crypto market, dictating frequent drops and setting up the trend of trading in the red.

That is how ETC has made an amazing improvement when it comes to its market value, during the course of 30 days. During April, ETC has made it with acquiring 71% of gains in the course of 4 weeks, which helped Ethereum Classic adopt a pretty smooth rebound rate.

During the course of the last two weeks, ETC has gone up against the dollar for 13% up while it gained 7.3% against the dollar during the last week, which was also considered to be pretty benevolent for the sake of the total market cap of all cryptos put together.

Now, that the majority of coins are going down with the latest market trend where a great portion of currencies is being traded in the red, unfortunately, Ethereum Classic is following upon with the trend as well, unable to stay immune.

That is how ETC is currently dropping, although it is not going down below the value of 20$ per one unit. At least not yet.

Ethereum Classic and Emerald Wallet

Emerald Wallet came as refreshment to the ETC community, also marking a new beginning for ETC that finally started off on the right foot after having its price dropping for a prolonged time in February and March.

Emerald Wallet has been released with new features and updates that made it more functional, also creating a safe and secure environment that is made to be operational even in the offline mode.

With this update, it is more than obvious that Ethereum Classic is ready to move on, and it is paying off already, as it is considered that Emerald Wallet along with the latest improvements is one of the main reasons why Ethereum Classic managed to get back on the track.

Besides from making the wallet into a more functional environment, the team has also been experimenting with improving the ETC network by working with side chains, so it is expected to see some improvements on the network as well.

Further on the matter of improvements, it was talked about how Ethereum Classic and Ethereum can work together, instead of having their communities grow separately in despise towards the opposite side.

The topic was initiated by Ethereum’s Vitalik Buterin and Anthony Lusardi, who is a crucial part of Ethereum Classic team.

The mentioned topic came off as the ignition for having many of ETH and ETC holders thinking that the two coins will soon be merged together. However, there are no confirmations, or negations, on this matter.

How is Ethereum Classic doing at the Current Moment?

ETC has been doing great for the past 30 days as it has managed to collect the set of gains of 71% against the dollar. However, now that the market trend has changed with the majority of currencies going down in the market while trading in the red, ETC couldn’t stay immune.

That means that after some time spent trading in the green, Ethereum Classic is now dropping against the dollar, however, the noted drop is considered to be only a minor negative change.

After the latest change in the market, Ethereum Classic is going down against the dollar by -1.27%, while it is also dropping against Bitcoin by -1.91% against this digital value.

Following the latest change, Ethereum Classic can now be traded at the price of 23.44$, which is still a pretty good price for ETC since the latest change didn’t take it go down below the value of 20$ per one ETC unit.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Ethereum Classic via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

Continue Reading

Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

Published

on

Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

Continue Reading

Press Release