Over the last few months, Ethereum Classic has gotten an increased popularity as more people are beginning to learn about the hard fork of Ethereum. The platform has gained the trust of investors especially now that Ethereum is having a rough time. Ethereum Classic basically does everything Ethereum does but it does it a little better and its native tokens are cheaper. It’s true that the price of Ethereum Classic has been on a downtrend for a while now but it’s important to note that it isn’t the only coin suffering a price collapse. The bearish trend is all over the market as Bitcoin, Ethereum and many other cryptocurrencies are taking hits. So, it would be unfair to judge Ethereum Classic based on its price action.
Ethereum Classic (ETC) Price Today – ETC / USD
The Ethereum Classic network framework is very solid and it makes it stand out from many other platforms. However, Ethereum Classic has been underestimated for a long time. Only some traders and investors known the true value of the platform. The truth is that it provides traders with an opportunity to make long term profits on investments. Recently, some known cryptocurrency experts have been investing in Ethereum Classic.
Asian Players Show Interest In Ethereum Classic
For some time now, South Korea, Japan and other Asian countries have been showing strong interest in Ethereum Classic. Most major exchanges in Asia are reporting large volumes of trading in Ethereum Classic. As you may already know, the cryptocurrency industry has a large market in Asia. So, being a favorite in the Asian market means more adoption for the coin.
Ethereum Classic Price Analysis
At the time of writing, Ethereum Classic was trading at $11.27. This shows a 0.66% fall against the USD and a 0.47% fall against Bitcoin. This is far from its all time high but traders should not be discouraged as the future is bright for Ethereum Classic. Hopefully, before the end of the year, there is going to be a bull run that will benefit all cryptocurrencies that are affected by the price of Bitcoin. When this happens, the price of Ethereum Classic will rise.