Ethereum’s brother Ethereum Classic has been making the headlines in the cryptocurrency industry recently but its still not close to the list of top 10 cryptocurrencies. Many are wondering if Ethereum Classic will ever make the list and those who believe it will are worried about how long it will take for Ethereum Classic to make the list of the top 10 cryptocurrencies in the market. The altcoin has been trading between $19.00 and $15.97 for some months now. Typically, the value has hovered around the $16.5 and $16.80 levels. It was trading at $16.80 at the time of writing indicating a 15% drop within a 24 hour period.
ETC Struggles But For How Long?
The Ethereum Classic to Bitcoin trading pair has been reducing slowly. At the time of writing, Ethereum Classic was trading at 002076 BTC. It is the 15 largest cryptocurrency per market capitalization and the total market capitalization for Ethereum Classic is about $1,767,642,327.
Ethereum Classic (ETC) Price Today – ETC / USD
While the market has been a bit rough, there is good news on the horizon. Coinbase recently announced its intentions to list ETC as a tradable coin. This announcement led to a surge in the price of ETC for good reason. It has been one of the hottest topics in the industry after the news came to light. The information helped ETC outperform other altcoins even when the price of Bitcoin was crashing.
Also, the Ethereum Classic network is working on many projects that will make the platform authentic. ETCDEV and IOHK are fully backing ETC giving it an advantage over other cryptocurrency platforms. On like Ethereum, the Ethereum Classic platform is more decentralized with no figure head dictating the principles that guide the platform.
So, back to the question, will Ethereum Classic ever get to the top ten? From the look of things the possibility of Ethereum Classic reaching the top ten is high. However, how soon this will happen isn’t clear yet. The cryptocurrency market is highly unpredictable.