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Ethereum Classic is a top gainer of the day; ETC Summit to take place in Vancouver this year


Ethereum Classic has reached the #15 mark on coinmarketcap, after beating DASH and Chainlink. The price climbed at a rate of 18.31% in the course of the past 24-hours. The trading volume recorded is $1.731 billion, whereas the supply has 112,911,072 ETC coins in play. The total market cap of Ethereum Classic is $823.7 million. As of this moment, Ethereum Classic is priced at $7.30.

While the forks of Bitcoin don’t particularly like the dominance exhibited by the king coin, the relationship between Ethereum and the Classic version has not been strained. The recent surge proves that ETC has gathered traction as a result of newer buyers choosing to go with Classic. Few still believe that the pump was deliberate, in order to obtain favorable market sentiments and bring in potential investors.

The Atlantis Fork is scheduled to occur during the next month. After a series of debates, members and developers came to an agreement, and the hardfork will be carried out at block 8,772,000. The date associated with this operation is the 13th of September.

The DAO attack back in 2016 had led to Vitalik Buterin establishing the new Ethereum chain in 2016. Such hacks remain a big cause of concern, and have caused the evolution of “3rd Generation Blockchain Technology”. Ethereum Classic can present an effective solution for those who are looking to build dApps on a different platform [the Ethereum Chain has more than 1000 dApps; TRON and EOS have failed to compete against the ETH network].

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.