How Is Ethereum Classic (ETC) Doing After Controversial Listing On Coinbase?

The price of Ethereum Classic wasn’t left out of the last bear run that affected the entire cryptocurrency industry. Just when everyone thought the bulls were starting to dominate the market, the bears cracked down again and almost every coin started trading in red. The price of Ethereum Classic fell as low as $11.53 from $13.95 during the last bloody fallout.

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Ethereum Classic (ETC) And Coinbase

Months ago, reports was that Ethereum Classic will soon be listed in Coinbase. This generated a lot of interest from stakeholders and critics in the industry. While many were excited about the decision to list Ethereum Classic, others could not understand why Coinbase decided to do it. The news, however, increased the visibility of the coin but critics continued to look at it with scrutiny.

Ethereum Classic (ETC) Price Today – ETC / USD

Name Price24H (%)
Bitcoin (BTC)
$10,542.00
7.18%
Ethereum Classic (ETC)
$6.02
3.41%

The United States branch director of Ethereum Classic, Anthony Lusardi, in an attempt at putting critics to rest regarding the Coinbase listing aired his views. In his words:

“Most times, when a digital currency is listed on Coinbase, it would automatically mean more money for the platform and for a lot of projects on DLT platforms. Many projects have more than 50% of their tokens held by either a core group or a core development team.”

What he was trying to say is that the development of Ethereum Classic is not 100% based on financial additions. The listing didn’t just give Ethereum Classic more money but it also provided a huge awareness and adoption boost for the cryptocurrency. The additional visibility to Ethereum Classic will lead to growth in value and price.

Ethereum Classic (ETC) Price Analysis

Following the comments by Anthony Lusardi, the price of Ethereum Classic gradually entered a slow but steady recovery. The fall in price was protected at $11. At the time of writing, ETC was trading at $11.80. This indicates a 0.22% rise against the USD but a 0.31% fall against Bitcoin. The market capitalization is about $1,232,172,584 and the trading volume within a 24 hour period is $156,461,047.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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