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Ethereum Classic (ETC) Has Gone Up While Making Improvements

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Ethereum Classic
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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.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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