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Ethereum Classic (ETC) Has Gone Up While Making Improvements

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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.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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