Today, the 15th largest cryptocurrency by capitalization is playing against all market cards. Despite the fact that almost all coins are now being pinned down by a heavy bear paw, Ethereum Classic is in the green. The ETC/USD pair gained 2.53% in the last 24 hours, reversing the price to $18
Even if this increase is very small, given the overall market picture, ETC can work against sellers.
The only reason for this excellent performance in the grand scheme of things is the speculation surrounding the Coinbase listing. Coinbase has confirmed that this move will happen sooner or later, but it is unclear when exactly. The coin is expected to be listed this month, but no exact date has been announced yet.
The exchange’s decision to list ETC caused a strong reaction from both fans and skeptics. Many were delighted, many were disappointed as they considered ETC to be a "dead currency."
As is usually the case when a well-known platform like Coinbase lists a coin, it is expected that there will be an increase in price as once listed on the exchange the coin will attract the interest of more investors, including institutional ones.
Even if the coin is allowed to list, be careful, trade carefully and do not overdo it. The coin is highly susceptible. volatility, and investments should be carefully thought out. But do not overlook ETC, as it can be a good choice for replenishing your wallet.
According to ethereumworldnews.com
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