Ethereum Classic (ETC) Seems To Be Among the Top Gainers In Monday’s Bearish Market

Monday on the digital currency market is quite mixed. A lot of digital currencies are going up but they lack bullish momentum, and the volatility is also very low. As a result of this, the direction of the coins can be changed pretty easily.

Ethereum Classic (ETC) Is One of the Top Gainers Today

One of the top gainers among the top digital currencies in the market today is Ethereum Classic (ETC), which is presently deep in the green with an increase of more than five percent over the past twenty-four hours.

Ethereum Classic (ETC) Price Today – ETC / USD

Name Price24H (%)
Bitcoin (BTC)
$9,144.00
-0.89%
Ethereum Classic (ETC)
$8.54
-2.00%

At the time of writing, Ethereum Classic (ETC) is trading at $14 after an increase of 5.4 percent over the past twenty-four hours and an increase of 12 percent over the past seven days. Ethereum Classic (ETC) currently boasts of a market cap of $1.46 billion with a trading volume of $242.41 million over the past twenty-four hours. Ethereum Classic is currently holding the number 14th spot on the list of top digital currency in the world by market cap.

Ethereum Classic (ETC) Stands a Better Chance than Other IoT Blockchain Projects

Ethereum Classic has been in the crypto market for quite some time now, and the digital currency has a proven track record ever since it broke out from Ethereum (ETH). IoT (Internet of Things) competing chains might have the state-of-the-art techs to play around with, but ETC provides a global platform by user-friendliness and stability that VeChain and IOTA have not achieved yet.

Ethereum Classic (ETC) support for the Internet of Things (IoT) apps has always been undervalued, and once the entire potential is unleashed in the market, the rival might fold or go into smaller competitive niches. The digital currency has a lot of potentials which are yet to be discovered and utilized, and this could increase the adoption and overall value of the coin in the future.

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