The NEM and litecoin prices each fell about 7 %, while Dash and
ethereum classic fell 3 % and $ 4 %, respectively.
Not exact matches
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.
But that success rate is
falling, Maurice says, as more people are recognizing that
Ethereum Classic could offer the same functionality as
Ethereum, but for a fraction of the cost.
Co-founder of WizSec, a security startup best known for looking into the Mt Gox's transaction records, Maurice said he threw 10 GH / s of mining power into
Ethereum Classic when he saw the difficulty to mine a block
fall below 1 %.
Thus, trading operations with bitcoin,
Ethereum, Bitcoin Cash,
Ethereum Classic, Zcash, Siacoin, BitShares will be continued and do not
fall under the ban.
Key Highlights
Ethereum classic price
fell below the $ 10.00 handle recently against the US Dollar.
Demand on
Ethereum Classic is
falling along with its price.
Ethereum classic holders still have a great chance of an unexpected rise in fortunes which is largely dependent on the down
fall of it's prototype and elder sibling;
Ethereum.
Several market observers have voiced doubts about the long - term viability of ETC and
Ethereum Classic, a blockchain that came into existence in late July after
Ethereum underwent a hard fork in order to wind back the clock following the rise and
fall of distributed organization The DAO.