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- ETC was trading at $4.5 against USD during the start of January 2020, now coming to the month-end it is almost trading at $12.35.
- ETC has a market cap of $1.43 Billion and looks positive in growing, while Cardano stood at $1.405 billion in terms of market capitalization.
- ETC is the only coin showing positive growth with steady bulls in the monthly chart.
The start of 2020 wasn’t right for every crypto coins, but Ethereum shows a positive growth of over 170% in 30 days starting from New Year. ETC was trading at $4.5 against USD during the start of January 2020, now coming to the month-end it is almost trading at $12.35.
It has gained about 8% from yesterday, adding about $0.83 from yesterday’s trade. The huge gain has placed this altcoin in the top 10 cryptocurrency list according to the data by CoinMarketCap.
ETC has taken over Cardano in terms of market capitalization in this month. ETC has a market cap of $1.43 Billion and looks positive in growing, while Cardano stood at $1.405 billion in terms of market capitalization.
Among the top 10 coins, ETC is the only coin showing positive growth with steady bulls in the monthly chart, while the rest of the nine coins are showing the trade-in red including Bitcoin, Ethereum and ripple placed as top three coins respectively. The return on investment of ETC has gained to about 1, 541.42%.
The mining power has also increased during this month says external reports, this is possible that it might have added to the bulls of Ethereum classic. The report says that the Hash rate of ETC has gained to over 21 tera hashes per second.
Experts and analysts pointed out the reason why the Ethereum classic has gained so much in a month, The Agharta fork, derivative based on Ethereum classic working on Ethereum Blockchain might have helped the ETC to climb at a more significant pace. The updates meaning the new fork on the same network is a good reason to justify the growth of Ethereum classic.
There has been much collaboration done with ETC lab and other companies namely Grayscale investments that have agreed to fund the development of the ETC network for two years, partnership with UNICEF to develop Blockchain projects to expand the ecosystem. It has also reported being working on multiple DApps.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
