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Ethereum Classic (ETC) is Moving Up with RADEX, Coinbase and New Listings

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Ethereum Classic
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Ethereum Classic is looking forward to its 3rd birthday that should be marked on July 30th. At the same time, this marks three years since Ethereum had its first fork ever (and the last for now) which came as a result of the well-known failure with DAO, which further resulted in a massive stealth of ETH funds. That is how ETC was created as an offspring of the second-best currency in accordance with the global coin ranking list. However, with the new listings and new blockchain ventures on its agenda, ETC seems to be more than just Ethereum’s fork. Ethereum Classic is finally getting some recognition in the crypto community.

Coinbase Announces Ethereum Classic

To understand the momentum revolving around getting an ICO listed on Coinbase, we just need to reflect on the fact that Ripple, one of the top three currencies in the cryptoverse, is aiming at getting listed on this exchange platform.

Besides from having listed only Ethereum, Bitcoin Cash, Litecoin, and Bitcoin, by far, so Ripple foundation feels like their XRP currency belongs on one of the top exchange platforms in the US.

Although XRP might be eligible to get listed on Coinbase, the team behind one of the biggest exchanges in the world turned their heads elsewhere, announcing that they will be adding Ethereum Classic in the following months.

This is maybe one of the most important events the ETC has become a part of for the past couple of months and further, so it is no wonder that Ethereum Classic got to see a flattering rise in its price the same day the announcement came from the official release on the behalf of Coinbase team.

The marked rise showcased a benevolent addition of 25% of gains against the dollar, which came after the official announcement of Coinbase listing, that way pushing ETC up against all the odds.

Coinbase went forward with announcing this addition to their list of trading currencies to the public even though ETC is still months away, however in their release published back on June 11th, the team stated that the public announcement of the listing makes up for a part of the process they always follow during each new currency they are planning on adding to the list of live trading assets.

In their official release for Medium, Coinbase stated on June 11th that the team is currently at step 4, which means that they are in the middle of the engineering process for adding support for Ethereum Classic, after which the technical support for ETC will come, followed by the official announcement from Coinbase.

The announcement and the launching of ETC on their official live trading list of coins will come as the fifth step in their process of adding new coins to their exchange, after which Ethereum Classic should get an official listing on Coinbase.

Coinbase added that the final date when ETC will become available on their list is still to be announced.

Ethereum Classic Gets More Listings                                           

After having the Coinbase listing announced two weeks ago, Ethereum Classic was brought to attention when ETC got two more listings which were announced several days ago.

On June 22nd, the announcements on having Ethereum Classic listed on CoinBene and Novaexchange went in public on Twitter, which added more momentum to the story of Ethereum Classic getting announced to be listed on Coinbase.

Novaexchange and CoinBene are no Coinbase that is for certain. For example, Novaexchange was brought into question for more than several times during the last year when it was doubted that this exchange was actually a scam.

Since these allegations seem to have not gone further than being false accusations, Novaexchange is still successfully operating, while based in Sweden.

CoinBene, based in Singapore, is another one of the announced listings for June, which might contribute to the overall exposure of ETC in the market.

Ethereum Classic Announces RADEX

RADEX was announced as the first decentralized exchange exclusively designed for Ethereum Classic.

The decentralized exchange dubbed RADEX was entirely manufactured by Saturn Network, with the launching date set the latest for June 24th, while the team ETC released the decentralized platform as previously scheduled.

RADEX will be the first decentralized exchange based for the operations with ERC233 tokens, however, the platform will not only be handling transactions but will also have the needed tools to ensure easy interacting with smart contracts.

The exchange is said to have 0% fees, which contributes to its decentralized nature, while also supporting the expansion of ERC233-based tokens.

Ethereum Classic (ETC) Performance

Ethereum Classic, alongside with over 80% of currencies can be seen progressing in the market while following the latest benevolent market trend.

With the recent change in the market, ETC has seen an amazing set of gains by reaching a bit over 12% against the dollar in the last 24 hours.

After the latest change in its price, ETC can be purchased at the price of 15.80$.

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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.

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Altcoins

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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