The daily trading volume of
Ethereum Classic remains larger than Ripple and NEM, the third and fourth largest cryptocurrencies behind Bitcoin and Ethereum, at $ 326 mln.
Throughout the controversial arguments between developers, miners, and organizations,
Ethereum Classic remained unflustered, stating, «let the community decide which blockchain has integrity, let this be proof for future cryptos not to mess with the chain.»
Ripple and
Ethereum Classic remain similar technical positions, after the break - out attempts that were interrupted by the broad correction.
Not exact matches
Ethereum Classic showed some strength near the lower boundary of its crucial support zone around the $ 14 level, but the coin
remains well inside its correction pattern.
The strong rally in
Ethereum Classic is the move of the day so far, but all of the majors show signs of healing, although most if the coins
remain in short - term downtrends.
Ethereum Classic is still the weakest major since the ICO - ban crash, and although it exited the declining ttends, both short - and long - term, it
remains stuck below the key price range around $ 13.50.
Ethereum Classic continues to be the weakest major short - term, trading in a steep downtrend after falling below the long - term base formation near $ 13.50 The coin might
remain stuck in the long - term downtrend so traders and investors should wait for some strength before entering new positions, despite the attractive price levels.
Ethereum Classic broke out from the short - term declining trend, but it
remains just below the long - term trendline, still being the weakest major concerning the technical picture.
Ethereum, Litecoin, Dash, and Monero were unchanged, but
remained bullish, while
Ethereum Classic and Ripple are still lagging the other majors.
NEO and IOTA, last week's leading altcoins are even more in the red today, but they
remain positive concerning the long - term setup, just as the still struggling Dash and Litecoin, with
Ethereum Classic being the most doubtful major even after last week's strong showing.
In a strange series of events,
Ethereum Classic, the other
Ethereum network which operates on the original chain,
remained unaffected by the geth bug alert.
Ethereum Classic (ETC) has
remained the underdog, with a more humble price of $ 16 - 17, and a market cap of $ 1,619,859,188 (all numbers current as of July 14, 2017, in US dollars).
Ethereum Classic is a blockchain that
remains impartial to all smart contracts and transactions on the ledger.
Indeed, Mr. Buterin has welcomed
Ethereum Classic supporters to focus on the original blockchain: «Anyone who feels sufficiently strongly in the other direction is welcome to focus on the [original] chain, and we will see if it
remains viable.»
The code issued on
ethereum classic after the split has
remained in step with the
ethereum project, as the
classic team has been copying over many of
ethereum's code changes.
More than one expert has expressed concerns that
ethereum classic, which came into existence when the original
ethereum blockchain experienced a hard fork, might have a hard time
remaining viable in the long - term.
The majority supported the post-fork version of
Ethereum (ETH) while the minority
remained at the pre-fork protocol and started to call the coin as
Ethereum Classic (ETC).
Ethereum classic, which has flown under the radar in recent weeks, has slowly climbed back to $ 16, but it
remains stuck at 11th in the rankings.
As the rotation that we pointed out this morning continued, a new batch of coins is leading the market higher now, with only Dash
remaining strong from the early leaders while Monero, Bitcoin Cash, and
Ethereum Classic pushed forward today.
Ethereum classic price
remains in an uptrend against the US Dollar and Bitcoin.
Ethereum Classic is the original Blockchain where the stolen money
remained with the hackers.
Some assets
remain noticeably lower, specifically Monero, which came down from $ 55 + highs, and
Ethereum Classic, which posted the smallest growth rate over the past 24 hours.