The fact that Coinbase decided to list Ethereum Classic came as a surprise to the cryptocurrency industry. On the other hand, it’s not too much of a surprise when you consider the fact the the cryptocurrency has been experiencing a steady growth for a while now. It is gradually gaining mass adoption and different top exchanges are beginning to list it. This is why investors are wondering if Ethereum Classic is a good investment.
Ethereum Classic Price Prediction 2018: the Coinbase Announcement
The last few months have been rather turbulent for the cryptocurrency industry forcing the market capitalization to remain below $300 billion. Ethereum Classic, on the other hand, is one of the few digital that have had exceptional gains even with the bearish sentiment in the market. After Coinbase announced that it will be listing Ethereum Classic on Tuesday, the price of the coin hiked by a whopping 25% within the day. The exchange volume of Ethereum Classic also increased significantly.
Even if the pump in price that was caused by the Coinbase announcement has started to cool off, Ethereum Classic is still trading in green. At the time of writing, it was trading at $13.69 per coin. It is the 18th largest cryptocurrency per market capitalization bosting of $1.4 billion.
Ethereum Classic Price Prediction 2018: What the Platform Update Will Bring
Even if Ethereum Classic is still not close to Ethereum, it’s mother chain, the platform is working hard to become adopted by the masses. It recently released an update that makes the ETCgame user interface more appealing to users. The interface has a platform that allows users to place bets for the world cup as well as predict the price of many cryptocurrencies.
The future of Ethereum Classic is bright. Even it isn’t growing as fast as Ethereum, it is still making steady progress. When compared to other new cryptocurrencies, Ethereum Classic is one of most efficient blockchain projects.